Today is April 29th, the market never sleeps, finance and economics already know
This program is produced by CBN and co-presented by Sina Finance
【Global Market Scan】********
Fauci, the chief expert of infectious diseases in the United States, said on April 27 local time that the United States has finally "come out of the pandemic stage of a full-scale outbreak of the epidemic.". Nearly 1 million people in the United States have died from the virus in the past two years or so during the pandemic. The day before the remarks, he told the media that he believed that the United States had "come out of the pandemic stage", and on the 27th, he further elaborated and clarified this view.
After the three major U.S. stock indexes opened higher on Thursday (April 28), the intraday continued to rise.
As of the close, the technology-based Nasdaq Composite was up 3.06 percent at 12,871.53; the S&P 500 was up 2.47 percent at 4,287.50; and the Dow Jones was up 1.85 percent at 33,916.39.
Meta surged 17.59% intraday and investors could see signs of easing in the tech sector. Victoria Fernandez, chief market strategist at Crossmark Global Investments, said, "It's been a pretty good earnings season and has supported the stock market. ”
But the risk of recession in the U.S. economy appears to be intensifying. U.S. gross domestic product (GDP), released by the U.S. Department of Commerce before hours, fell 1.4 percent annually from January to March 2022, the worst performance in two years since the outbreak began.
Poor GDP performance could slow the Fed's pace of interest rate hikes, but it also means the U.S. may struggle to get out of high inflation. For the stock market, high inflation and high interest rates may be one of the choices, and the future trend is even more sinister.
【European and American reporters connected】********
London journalist Chen Xiyu:
European stocks closed higher across the board and the pound moved further lower
Okay, moderator. European stocks closed higher across the board on Thursday, benefiting from strong quarterly corporate reports. As of the close, the German DAX index rose the most, followed by the BRITISH FTSE 100 index, the French CAC 40 index rose again, and the European Stoke 600 index rose the least.
Among the focus stocks, Volvo closed up nearly 8%, and its first-quarter revenue rose 8%, beating analysts' expectations and boosting the entire European auto sector higher. Standard Chartered Bank closed up more than 14%. Standard Chartered's pretax profit rose 4 percent in the first quarter to $1.5 billion, more than expected, due to a surge in trading operations.
Some market analysis pointed out that so far, the financial performance of European companies in the first quarter is quite optimistic, showing that companies can absorb rising production costs by adjusting pricing; however, how long the current profit advantage can last is a problem that cannot be ignored.
In the currency market, due to the impact of the surge in the US dollar index, the GBP/USD fell more than 60 points to 1.246 during the day, the lowest level in the past two years. The pound sterling has fallen for six consecutive days due to sluggish UK economic data. EUR/USD fell 50 pips to 1.0503 during the day.
In terms of companies, there are media exposures during the day that Apple will face new EU antitrust charges next week, mainly related to the way ApplePay operates. Apple will be charged with violating EU regulatory rules; if the allegations are sustained, it will be fined the equivalent of 10 percent of its global turnover.
Economic data to be released on Friday includes first-quarter GDP for the euro area, Germany and France, and april CPI for the euro area and France. compere
【 Last Night &Today's Hot News 】********
1. Us Q1 GDP quick assessment
U.S. real GDP shrank by 1.4 percent sequentially in the first quarter (expected 1 percent growth), the first contraction since 2020, as an inflated trade deficit and weak inventory growth masked an already solid consumer and business demand profile. Net exports and inventories reduced overall growth by about 4 percentage points. Shrinking government spending has also dragged down GDP. However, actual final sales to domestic consumers increased by 2.6% annually, an improvement from 1.7% in the fourth quarter of last year.
2. Italy's average annual wage in 2022 or 0.8% will lose 5% of its purchasing power due to inflation
According to Italy's National Statistical Office, the average contract annual wage in the country is expected to increase by 0.8% year-on-year in 2022. Italy's National Statistical Office said the growth of contract wages in the first quarter of 2022 remained limited. Inflation statistics for 2022 are 5.2%. Taking into account the contract duration currently followed, the mechanism of wage growth and the continuing inflationary pressures, the purchasing power of Italian contract holders will lose almost 5% in 2022.
3. After El Salvador, another country announced the adoption of Bitcoin as legal tender
According to media reports, the Central African Republic has become the second country in the world to adopt Bitcoin as a legal tender after El Salvador. The National Assembly of the Central African Republic unanimously passed a bill to make Bitcoin legal tender. The bill, submitted by the country's Minister of Digital Economy and Telecommunications, Gourna Zacko, and Minister of Finance and Budget Calicte Nganongo, establishes a regulatory framework for cryptocurrencies and makes Bitcoin the official currency of the Central African Republic. Last September, El Salvador became the first country in the world to adopt Bitcoin as legal tender.
4. Musk responded that he would buy Coca-Cola
On April 28, Musk posted on Twitter earlier today, "Next I'm going to buy Coca-Cola and add cocaine back in." "Caused heated discussion among netizens. Musk just posted again, "Listen, I can't do miracles. （Listen, I can’t do miracles ok）。 It also attached a screenshot of a tweet he had previously said he wanted to buy McDonald's.
Obviously, the acquisition of McDonald's and Coca-Cola is Musk's mouth, and he is not really trying to acquire these two companies. At present, Coca-Cola's market value is $284.2 billion, Musk is currently worth about $260 billion, and it is difficult for him to buy Coca-Cola, and McDonald's has a market value of $182.786 billion.
5. Comments: The trend of the two cities is differentiated, the index is weak and falls by nearly 2%, and the real estate sector has set off a rising tide
April 28 news, the two cities collectively low after the early market trend differentiation, the Shanghai index rose to 1%, the index once fell more than 2%, coal, lithium ore, photovoltaic, military and other sectors rose in the front. In the afternoon, the trend of the three major indexes continued to diverge, the Shanghai index bottomed out, the index shock went lower, the northbound capital tail plate turned from outflow to inflow, the securities sector went lower, the real estate sector strengthened intraday, and the sub-new stocks continued to decline. From the perspective of the disk, the coal, real estate, and industrial mother machine sectors rose in the front, and the education, agriculture, and digital currency sectors fell in the front.
6. The issuance of new funds was cold, and Tongtai Independent Innovation became the 10th fund that failed to raise this year
Since the beginning of this year, the shocks in the A-share market have intensified, the issuance of new funds has been cold, and some new products have still been difficult to escape the fate of failure after extending the fundraising period. (April 28) In the morning, Tongtai Fund announced that the fundraising period of Tongtai Independent Innovation Hybrid Securities Investment Fund expired, failed to meet the fund filing conditions, and the fund contract could not take effect. It is worth noting that Tongtai Independent Innovation is the first active equity fund to fail to issue this year, and it is also the 10th fund that has failed to raise this year.
7. China Settlement: From April 29, the overall stock transaction transfer fee will be reduced by 50%
China Securities Depository and Clearing Corporation issued a notice to reduce the overall share transaction transfer fee by 50% from April 29 (this Friday). That is, the stock transaction transfer fee is charged by the current A shares in the Shanghai and Shenzhen markets according to the transaction amount of 0.02 ‰, and the A shares of the Beijing market and the shares of the listed companies are charged in both directions according to the transaction amount of 0.025 ‰, and the unified reduction is reduced to 0.01 ‰ of the transaction amount. If the average daily turnover of trillions of yuan is roughly calculated and 250 trading days per year, China Settlement will save 0.2 billion yuan in transaction costs per day, and the amount of funds saved each year will reach 5 billion yuan.
It is understood that when shareholders conduct stock transactions, they will generate commissions, transfer fees and stamp duty three parts of the fee, of which the commission is the fee displayed in the shareholder's account, according to the broker will be different, the current commission in the market is mostly 10,000, 12.5 million.
The transfer fee is the stock transaction transfer fee mentioned at present, and the Shanghai and Shenzhen markets have been lowered from 0.02 ‰ to 0.01 ‰ in both directions, that is, 0.01 ‰ of the transaction amount is charged when buying and selling.
Stamp duty is a tax stipulated by the state, after the stock transaction, the tax authority should collect stamp duty from investors, only on the seller, charged at 1 ‰ of the transaction amount. However, both the stock transaction transfer fee and the stamp duty are collected by the broker.
In this regard, Yang Delong, chief economist of Qianhai Open Source Fund, said that the recent favorable policies have been frequent, from promoting consumption, pulling infrastructure, reducing the RRR, etc., to reducing the stock transaction transfer fee, releasing the management's care attitude towards the capital market, cherishing the opportunity to build good stocks and good funds under 3,000 points.
8. Oil prices will be adjusted before the May Day holiday: No. 95 gasoline or return to the 9 yuan era
At 24:00 on April 28, a new round of refined oil price adjustment window will open, and after experiencing the last round of "sharp decline", the current round of refined oil prices or will "rise back". From the overall trend point of view, since 2022, international oil prices have continued to soar, and domestic refined oil prices have experienced "six rises and one fall". According to the agency's forecast, after this round of price adjustment, No. 95 gasoline or will return to the "9 yuan era".
9. World Gold Council: Global gold markets started well in Q1 Gold demand increased by 34% y-o-y
The latest data released by the World Gold Council on the 28th shows that global gold demand in the first quarter of 2022 was 1234 tons, an increase of 34% year-on-year; 19% higher than its five-year average of 1039 tons. Wang Lixin, CEO of the World Gold Council in China, introduced that the increase in gold demand in the first quarter of this year mainly came from gold-backed ETFs. Global gold-backed ETF holdings increased by 269t in Q1, the highest quarterly net inflow since Q3 2020.
Today is April 29th, the market never sleeps, finance and economics already know
This program is produced by CBN and co-presented by Sina Finance
【 Daily Inspiration 】********
The impact of transaction transfer fees in the transaction costs of A shares is relatively small, but for large households, the transaction costs have been reduced, and for short-term transactions, it will stimulate the increase in turnover rate, which is conducive to active market transactions.