Two great things for the weekend! Hong Kong stocks led the world, and there was big news about real estate, and Zhongtai Chemical exploded

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2024-05-19 17:34Posted on the official account of Guangdong Kancai

This week can be said to be a double positive resonance of internal and external, externally, the inflation data released by the United States this week did not rebound as expected in previous months, CPI in April increased by 3.4% year-on-year, the growth rate fell, ending the previous two consecutive months of rebound trend, a month-on-month increase of 0.3%, lower than the market expectation of 0.4, the core CPI year-on-year, month-on-month are in line with expectations. In addition to the inflation data, retail sales were flat in April from the previous month, below market expectations of 0.4%, and the total number of housing starts was also lower than expected, indicating that the strength of the US economy has weakened.

Internally, the central bank released an epic real estate policy on Friday, with the down payment ratio falling to a record low of 15%, and the real estate sector set off a rising tide, driving A-shares to strengthen at midday.

This week, Hong Kong stocks led the global rally again, with Hang Seng Technology and the Hang Seng Index both rising more than 3%, the US Stock Dow and Nasdaq rebounding, and the European stock market was slightly weaker this week due to the expectation of interest rate cuts. Even though A-shares rose sharply on Friday, the trend from Tuesday to Thursday was far worse than that of Hong Kong stocks, so the three major indexes closed down this week.

Specifically, this week, the Shanghai Composite Index fell slightly by 0.02%, the Shenzhen Component Index fell by 0.22%, and the ChiNext Index fell by 0.70%. In terms of market capitalization style, the market is significantly stronger than that of small and medium-sized enterprises.

In terms of industries, the real estate chain led the rise strongly this week, the real estate industry rose by 12.65%, due to the lack of energy this week, the real estate sector soared so that other sectors lost blood, household appliances, medicine and biology, coal, automobiles, power equipment and other sectors led the decline.

Weekend hits

After the central bank adjusted the provident fund loan interest rate policy, Beijing, Shanghai, Shenzhen, Guangzhou, Dongguan, Zhongshan, Jiangmen, Shantou, Suzhou, Hefei, Nanjing, Chengdu, Changsha, Zhengzhou, Hubei and other housing provident fund centers responded positively and lowered the interest rate of provident fund loans. In addition, Shaanxi, Hangzhou, and Hefei have also adjusted their provident fund loan policies.

The discussion of the real estate rescue policy on the weekend is very high: some people think that the previous rumor is a trillion yuan of storage, but in fact it is 300 billion, which is less than expected; Some believe that the down payment ratio has been reduced to 15%, breaking the lower limit of 20% in previous bailouts, which is very strong.

We believe that the current real estate sector is in the first stage of the policy game, since it is a policy game, if the most important policy landed, the cash should be reasonable, so the key is whether more important policies will be introduced in the future. As for whether the real estate industry has bottomed out and whether the leader will be stronger, it is the second stage.

On Friday, international precious metals and industrial metals went on a collective run. As of the close of trading on Friday (May 17), spot gold rose more than 1.5% to $2,414 an ounce, approaching the record high set last month; Spot silver surged 6.3% in a single day to a high of $31.06 an ounce, a new high in nearly 11 years. In terms of industrial metals, copper futures staged an epic short squeeze, LME copper futures rose more than 2.8% to $10,724 a tonne on Friday, close to its record high in March 2022, and New York copper futures rose more than 4%, once hitting a record high on Wednesday, and the main price has risen more than 30% year-to-date.

The meeting emphasized that efforts should be made to improve the modern tourism system, accelerate the construction of a strong tourism country, and promote the high-quality development of the tourism industry to be stable and far-reaching.

Ministry of Commerce: Conducted an anti-dumping investigation on imported acetal copolymers originating in the European Union, the United States, Taiwan and Japan.

Zhongtai Chemical (002092) announced on the evening of May 17 that the company and relevant responsible persons received the "Administrative Penalty Decision" issued by the Xinjiang Securities Regulatory Bureau on May 17.

Risk Warning:

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

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