U.s.
U.S. stocks closed slightly higher across the board overnight, with the Dow up 0.32%, the Nasdaq up 0.75%, and the S&P 500 up 0.48%.
The U.S. producer price index (PPI) rose 0.5% in April, higher than the Dow Jones & Co. estimate of 0.3%. Excluding volatile food and energy prices, core PPI inflation came in at 2.4%, also rising 0.5% month-on-month, above expectations of 0.2%.
Fed Chair Jerome Powell said the Fed needs to be patient and wait for more evidence that higher interest rates are tame inflation, doubling down on the need to keep interest rates high for longer.
Powell reiterated that he does not believe that the next step may be to raise interest rates, and is more likely to keep the policy rate at its current level.
A shares
Today, the big A is basically opening low and going low, weakly falling and adjusting, and the real estate sector is unique and has become the only bright spot in the market. The market volume is sluggish, the northbound is resting, and the market trading enthusiasm is not high.
At the close, the Shanghai Composite Index closed at 3119.90 points, down 0.82%; The Shenzhen Component Index closed at 9583.54 points, down 0.88%; The GEM index closed at 1,838.89 points, down 0.90%.
The ratio of individual stocks in the two cities was 0.34:1, and more than seventy percent of the stocks fell, and the market turned into a money-losing effect.
The total turnover of the two cities was 761.1 billion yuan, a decrease of 63.5 billion yuan from the previous trading day.
Hong Kong stocks
Hong Kong stocks are closed for one day today due to the Buddha's Birthday holiday, and southbound and northbound trading is closed.
Sector performance
The real estate sector rose sharply during the session, becoming the main highlight of today's market, and the upstream and downstream parts quickly followed its slight rise; A few sectors such as coal and chemical fiber closed up against the market.
Brokerages plummeted, affecting market sentiment; Many sectors such as military, electric power, medicine, and automobiles performed poorly and pulled back one after another.
Reviews
On the whole, the adjustment range of big A has increased today, and the multi-party momentum is insufficient and the buying is lacking. Northbound is closed today, and the market seems to be even more directionless, leaving only the real estate sector to become the only bright spot in the market because of the improvement in news.
The second half of the week is relatively critical, if there is no external movement, there may be a rebound, but if the downward momentum continues, the correction may continue.
The market not only lacks incremental funds, but also lacks continuous hot spots, and lacks carriers that can hold up huge amounts of funds and carry enthusiasm. Or that the market lacks engines, igniters, and various financial products are essentially tools, whether you tell a story or design a new way to play, as long as most people believe and are willing to practice, it will continue to go in the direction you want.
It's a bit too much, but let's focus on the second half of the week.
Splendid but the flowers of the world, slow cooking time a cup of tea.
Forget what day it started, and the world doesn't look like it used to be. I walked into the crowd, but I still missed those old days.
"When you read, you read, and your heart is not focused on seeing guests; When you see a guest, you see a guest, and your heart is not focused on reading. Things come to conform, and the future is not welcome; At that time, it was not mixed, and it was not in love. ”
"A thought is quiet, and lotus flowers bloom everywhere."
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