Suddenly two major negatives! A-shares dived at midday, and the securities sector plummeted, pay attention to tonight's big event

Look at finance

2024-05-15 16:30Posted on the official account of Guangdong Kancai

This week, A-shares continued to shrink, and today's turnover in the two cities shrank sharply to 0.76 trillion, although there are reasons for the rest of foreign capital, but even if foreign capital is counted, it is at most the same as yesterday, and foreign capital sold 4.5 billion and 6.6 billion respectively in the first two trading days.

Recently, the rhythm of A-shares is strange, when the external market adjusts, A-shares bucked the trend and strengthened, and now the U.S. stocks and European stock markets have reached new highs, but A-shares have weakened, and they can not always form resonance. There is still a lack of incremental funds, and domestic capital will only play games, and can only look at foreign capital, which has been bought sharply in the first two weeks and then turned into an outflow.

Looking back on the market since February, only the first round of over-falling rebound is driven by domestic capital as the main force, in order to be regarded as an offensive market, after the adjustment from the beginning of AI, although the index is still rising, but it is more of a defensive style of market, either high dividends, going to sea, or speculation and price increases, the essence is that there is no confidence in the domestic economy, otherwise how can it be speculated to the sea. During this period, the positions of domestic institutions have reached a relatively high level, and there is no incremental capital, so foreign capital has become a key force in dominating the market.

Let's take a look at today's blockbuster news:

U.S. PPI for April beat expectations

Last night, the US PPI for April increased by 2.2% year-on-year, in line with market expectations, and increased by 0.5% month-on-month, higher than the market expectation of 0.3%, but the month-on-month exceeded expectations due to the downward revision of the PPI in March.

Fed Chairman Jerome Powell said that inflation is expected to fall back month-on-month, and the Fed needs to be patient to let policy work, not thinking that the next move may be to raise interest rates, and is more likely to keep policy rates at current levels.

After the release of the data, the U.S. dollar index and U.S. 10 bond yields both dived, and U.S. stocks strengthened, with the Dow closing up 0.32% and the Nasdaq closing up 0.75%, hitting a new closing high.

Tonight, the United States will release more blockbuster CPI data, after many months of CPI data exceeded expectations, tonight's most obvious economic indicator of global financial markets will determine whether the unexpected rise in inflation in the United States in the first quarter will continue, and the global market may also usher in an important change point.

Expectations for RRR and interest rate cuts have been disappointed

The central bank launched a 7-day reverse repurchase operation of 2 billion yuan and a medium-term lending facility (MLF) operation of 125 billion yuan today, and the winning interest rates were 1.80% and 2.50% respectively, the same as before.

The Politburo meeting at the end of April mentioned RRR cuts, interest rate cuts, and the issuance of special treasury bonds, and the market had certain expectations for RRR cuts, but today, the central bank continued to make MLF at equal parity, and the expectations were disappointed. However, the agency believes that after the European Central Bank cut interest rates in June, the pressure to stabilize the exchange rate will be reduced, and the continental central bank may follow the interest rate cut.

The real estate sector exploded

According to the Securities Times, the market has reported that the relevant departments are considering a plan to let local governments across the country buy the unsold stock of housing. The scheme may allow banks to lend money. It should be noted that there have been several versions of this scheme, but none of them have been officially confirmed.

Stimulated by the news, the real estate sector exploded in early trading this morning, with Everbright Jiabao and Tiandiyuan rising to the limit.

U.S. tariffs

Biden has imposed tariffs on a wide range of Chinese imports, including semiconductors, batteries, solar cells and critical minerals. Among them, the tariff rate on electric vehicles has been tripled, from the original 25% to 100%; Tariffs on lithium-ion EV batteries and other battery components have more than tripled, from 7.5% to 25%; Tariffs on photovoltaic cells used to make solar panels have been doubled to 50 percent.

In addition to the long-anticipated tariffs on steel, aluminum and electric vehicles, the United States will also impose tariffs on port cranes and medical products (syringes and needles, surgical gloves).

The agency believes that the landing of the US tariffs is more or less a bit of a "show". Biden "wants both and wants": on the one hand, he wants to win the support of voters and "desperately" defend some of the interests of American workers; On the other hand, they don't want their relations with China to be too stiff, so they leave a lot of room for policy.

Due to the bearish landing, the new energy sector opened high this morning, but then dived.

Finally, a brief look at the market, as of the close, the Shanghai Composite Index fell 0.82%, and the ChiNext Index fell 0.90%. The turnover of the two cities shrank sharply to 0.76 trillion, and more than 3,800 companies fell.

Risk Warning:

The stock market is risky, investment needs to be cautious, this article does not constitute investment advice, readers need to think independently

View original image 59K

• 

• 

• 

• 

•