This page is dynamically updated, refresh to get the latest information. Click here to follow the official Weibo @ETF investment clues. Here's a roundup of Clues 17:25:
Wednesday, Asia Pacific The stock market was mixed. After shrinking and rebounding on Tuesday, the Shanghai Composite Index opened higher by 0.12% and then fell in shock, at 3316.35 in midday trading, down 0.35%. In late trading, the index narrowed its decline as the big financial sector rose, closing at 3325.02, down 0.09%. The ChiNext Index closed down 1.46%. The weighted blue-chip represented the Shanghai Composite 50 closed up 0.41%. The market turnover was slightly heavier than yesterday, with a total turnover of 706.3 billion yuan between the two cities. The net outflow of northbound funds was 6.922 billion yuan today, a net outflow for three consecutive days. In terms of sectors, military industry and chips led the decline, down about 3%. Banks and insurance companies supported the market, and both rose more than 2% at the close. Liquor, real estate, food and beverages are all red.
The Hang Seng Index opened higher by 0.51%, then finished higher and fell back. It recovered before midday and closed at 24,770.78, up 0.82%.
As of 17:25 Beijing time, the U.S. stock market index ETF narrowed its pre-market decline on Wednesday, the S&P 500 ETF (SPY ) fell 0.08%, the Dow ETF (DIA ) fell 0.16%, and the Nasdaq 100 ETF (QQQ ) fell 0.04%. Click hereto view pre-market quotes.
US stocks closed slightly higher overnight. U.S. House Speaker Nancy Pelosi said a fiscal stimulus deal was close, downplaying Tuesday's negotiating deadline. Driven by his speech, U.S. stocks rose in midday trading, and the gains narrowed in late trading but maintained gains.
As of 16:30, the spot exchange rate of onshore RMB (USD/CNY) against the US dollar closed at 6.6575, an appreciation of 243 (pips) from the previous closing price (6.6818) , to a new high in July 2018. On Wednesday, the central parity rate of the yuan was reported at 6.6781, up 149 points, hitting a new high in more than two years since July 16, 2018.
U.S. Treasuries were mixed on signs that House Democrats and the White House may reach a deal on a spending bill to support the economy. The yield on the 10-year U.S. Treasury bond closed at 0.81% on Tuesday, up 3BP (0.03 percentage points) from the previous trading day, and rose to the highest level since June during the session; the yield on the 2-year U.S. Treasury bond implied the market’s expectations for short-term interest rates It closed at 0.14%, down 2BP from the previous trading day.
Asia Pacific trading hours, as of 16:05, the US dollar index (DXY) was at 92.7. At 17:55 ET on Tuesday, the index closed at 93.09, down 0.36% and hitting a one-month low.
As of 16:05, London Gold(XAU) was quoted at $1921.77/oz. COMEX futures gold (GC) main contract closed at $1,909 an ounce on Tuesday, up 0.13%. There was renewed optimism about a stimulus package ahead of the U.S. election.
The main U.S. NYMEX WTI crude oil futures (CL) contract closed at $41.70 a barrel on Tuesday, up 1.6% to a seven-week high; international benchmark ICE Brent crude oil Futures (OIL) MasterThe power contract closed at $43.16 a barrel, up 1.3%. U.S. lawmakers are negotiating the size of a stimulus bill to support the economic recovery, brightening the outlook for oil demand.
【Asia-Pacific stock market】 Asia-Pacific stock market was mixed, Shanghai index fell and rose slightly
A shares: close, Shanghai stock market The Composite Index was at 3325.02, -0.09%; the Shenzhen Component Index was at 13,467.91 points, -1.00%; the ChiNext Index was at 2700.53, -1.46%; the weighted blue-chip representative of the Shanghai Stock Exchange 50 was at 3377.42 points, +0.41%.
●On the 21st, the central bank launched a reverse repurchase operation of 80 billion yuan by way of interest rate bidding. No reverse repurchase expired on that day, realizing a net investment of 80 billion yuan.
●Central Bank Governor Yi Gang, China Banking and Insurance Regulatory Commission Chairman Guo Shuqing, and China Securities Regulatory Commission Chairman Yi Huiman delivered speeches at the 2020 Financial Street Forum Annual Meeting on the 21st. (Click here to view the live broadcast of the annual meeting)
Yi Gang said that he will adhere to a prudent monetary policy, adhere to and improve some effective structural financial policies in response to the epidemic, and help achieve the annual development goals and tasks.
Guo Shuqing said that it is very urgent to develop the third-pillar pension insurance. Vigorously developing the third-pillar pension insurance can effectively alleviate the pressure put forward by my country's pension insurance and meet the diverse requirements of the people.
Yi Huiman said that establishing and improving an open and transparent capital market system and rule system will allow the market to have clear expectations for supervision. Resolutely delegate power to the market that should not be managed, and manage and control what should be managed, so as to realize a virtuous circle of the market.
●Liu Jinyun, director of the Treasury Payment Center of the Ministry of Finance, said at a press conference on fiscal revenue and expenditure in the first three quarters of 2020 on the 21st that the cumulative national tax revenue from January to September was 11,887.6 billion yuan, a year-on-year decrease of 6.4% %. Among them, the stamp duty on securities transactions was 164.4 billion yuan, a year-on-year increase of 53.4%.
●Meng Wei, spokesperson of the National Development and Reform Commission, said at a press conference on the 20th that he would strengthen the development of integrated circuits in accordance with the development principle of "main body concentration and regional agglomeration". Provide services and guidance for major project construction, guide and standardize the development order of the integrated circuit industry in an orderly manner, and do a good job in planning and layout.
●On the 20th, a batch of convertible bonds on the Shanghai and Shenzhen stock markets rose too much, which in turn triggered the temporary intraday trading suspension mechanism. However, most of the bonds fell back after trading resumed, and only two convertible bonds in the whole market closed up more than 20%.
Experts pointed out that most of the "fuse" convertible bonds are accompanied by an abnormally soaring turnover rate, and most of the trends are away from the underlying stock, and the conversion premium rate has also risen sharply. Price volatility risk.
●Peng Huagang, secretary-general and spokesman of the State-owned Assets Supervision and Administration Commission of the State Council, said on the 20th that this year, we will strive for the continuous and rapid growth of the efficiency of most central enterprises, and strive to achieve positive growth in the overall efficiency of central enterprises. The next step will be to make efforts to ensure the completion of the task, including continuing to increase investment, three-way rush and overweight reorganization and integration.
Tong Hu, a member of the "Double Hundred Action" expert group for the reform of state-owned enterprises, said that the investment increments are all concentrated in major livelihood, green development, high-tech and other fields, and the overall quality and direction of investment are stronger.💴 Shanghai and Shenzhen stock market performance since the beginning of the year A-share market/industry sector View chart Source: Clues
Asia Pacific stock markets (IPAC) were mixed. The Nikkei 225 (513000) closed up 0.27%. Click here for Asian stock market quotes.
[ US and European stock markets] US stocks closed slightly higher
US stocks: Dow (.DJI) closed at 28,308.79, up 0.4 %. The S&P 500 (.INX) was up 0.5% at 3443.12. The Nasdaq (.IXIC) closed at 11,516.49 on Tuesday, up 0.3%.💵 US stock market performance since the beginning of the year U.S. stock benchmark industry sectors View chart Source: Clues
📅 Important announcements this week Data, events and reminders include: On Thursday, the Federal Reserve’s economic sentiment report, the Beige Book, US existing home sales in September, and the number of US jobless claims last week; Friday, the US, Eurozone Markit manufacturing, services industry, comprehensive PMI.
The monthly rate of construction permits in the United States recorded 5.2% in September, the fastest growth rate since 2007, and far exceeded market expectations of 3%. The total number of permits increased to 1.55 million, compared with an expected 1.52 million share.
On the 20th local time, the U.S. Department of Justice joined 11 states to file an antitrust lawsuit against Google's parent company Alphabet (GOOG), accusing the company of illegally using its market power to suppress competitors in Internet search and search advertising. maintain an illegal monopoly position in the field.
📅 Important earnings announcements this week: Tesla (TSLA), Verizon (Verizon) (VZ) on Wednesday; Intel Corporation (INTC), Coca-Cola (KO) on Thursday, AT&T (T), Danaher (DHR), Union Pacific (UNP); Friday, American Express (AXP).
Procter & Gamble (PG) first-quarter revenue increased by 8.4% year-on-year to $19.3 billion, exceeding market expectations of $18.34 billion; earnings per share were $1.63, much higher than market expectations of $1.42. Procter & Gamble expects annual sales growth in fiscal 2021 to be between 4% and 5%, higher than the previous forecast of 2% to 4%.
Streaming media giant Netflix (NFLX) announced after-hours results, earnings per share and new paying user data fell short of expectations, and shares fell nearly 5% after hours. Netflix’s financial report shows that in the third quarter, revenue was US$6.44 billion, a year-on-year increase of 23%, expected to be US$6.38 billion, EPS of US$1.74, a year-on-year increase of 18%, expected to be US$2.14, and 2.2 million new paying users worldwide, compared to the expected 3.57 million , 6.77 million in the same period last year.
Among them, the number of new paying users in the United States and Canada was 180,000, the number of new paying users in Europe, the Middle East and Africa was 760,000, and the number of new paying users in Latin America 260,000, with 1.01 million new paying subscribers in Asia Pacific. In addition, Netflix's user additions have been in decline this year, with 15.8 million users in the first quarter and 10.1 million in the second quarter.
Retirement Systems of Alabama, PGGM Investments and other institutions disclosed their stock positions as of the end of the third quarter on the 20th. Click here to view more details of institutional holdings.
The S&P 500 sector was mostly higher on Tuesday, according to ETF Picks data.The S&P 500 and its constituent sectors rose and fell (Image source: Clues)
European stocks: On Tuesday, Germany's DAX 30 (513030) (DAX) fell 0.92%; France's CAC 40 closed flat; Britain's FTSE 100 (02847) rose 0.07%. Click here to view real-time UK stock market quotations.
European Central Bank (ECB) President Christine Lagarde said the unexpectedly early acceleration in new crown cases poses a clear risk to the economic outlook, a statement that may suggest policymakers will step up their efforts to take more measures. Multi-currency stimulus.
The ECB's Governing Council will hold its monetary policy meeting next week, but economists and investors widely expect the central bank will not raise its 1.35 trillion euro ($1.6 trillion) increase until December. Emergency bond purchase program.🌏 MSCI Index MSCI Global View Chart MSCI Asia Pacific View Chart MSCI EMEA View Chart MSCI Americas View Chart MSCI Factors span> View Chart MSCI China View Chart Source: Sina Finance "Clues"
[ exchange rate] US dollar hits 1-month lows
Asia Pacific trading hours, as of 16:05, US dollar index ( DXY) at 92.7. Based on 17:55 ET on Tuesday, the index closed at 93.09, down 0.36%, falling for three consecutive days and hitting a one-month low.
U.S. House of Representatives Speaker Nancy Pelosi expressed optimism that Democrats may reach an agreement with the Trump administration on a new round of new crown relief plan, and aid can be released early next month.
The euro rose 0.47% against the U.S. dollar (EUR/USD) on Tuesday, rising to near January highs. A weaker dollar boosted higher-yielding currencies such as the euro.
Click here to view the most inflow foreign exchange ETFs in the last week.💴 Emerging Market Currencies YTD Performance Major Emerging Market Currencies View Chart 💶 G-10 currency performance since the beginning of the year G-10 currency View chart Source: Clues
Editor's note: The "Close Price" of the foreign exchange currency pair market of "Clues" is calculated based on the buyer's bid (bid) at 17:55 EST.
[Interest Rate] U.S. Treasuries were mixed on Tuesday
As of 11:45, according to China Money Network data, deposits in the inter-bank market The 7-day pledged repo transaction rate of similar institutions (DR007) was reported at 2.19%. Click here for repo rates.
Investors can learn more about domestic market interest rates by checking the Shanghai Interbank Offered Rate (Shibor). Investors can conduct short-term cash management through reverse repurchase of Shanghai and Shenzhen stock exchanges such as GC001 (204001) and R-001 (131810); exchange-traded money market funds (511990) (511880) can conduct on-the-spot transactions.
The yield on the 10-year U.S. Treasury bond closed at 0.81% on Tuesday, up 3BP (0.03 percentage points) from the previous trading day, and once rose to the highest level since June during the session; implied market expectations for short-term interest rates. The 2-year U.S. Treasury bond yield closed at 0.14%, down 2BP from the previous trading day.
Morgan Stanley Asset Management fixed income portfolio manager Jim Caron believes that in the upcoming U.S. election, if the Democratic Party wins, it may not only bring more fiscal stimulus, but also Prompting the Fed to raise interest rates earlier, the Fed's first rate hike may be advanced from around 2024-2025 to 2023-2024.
Chicago Federal Reserve Bank President Charles Evans said on Tuesday that he has "sufficient confidence" that the U.S. economic recovery will maintain momentum into next year, but that the recovery will not be possible without more fiscal stimulus. There could be a stagnation, and more job losses could become permanent.
Evans also said care needs to be taken not to raise interest rates too soon. If needed, the Fed could buy more assets than it does now. Evans voted for the 2020 FOMC.
【Precious Metals】Gold prices rose for 2 consecutive days , up 0.13%, rising for the second day in a row. There was renewed optimism about a stimulus package ahead of the U.S. election.
On Tuesday, John Paulson, the billionaire hedge fund manager who foresaw the 2007 U.S. subprime mortgage crisis, said gold "is going to become more and more important in the near future, and all eyes will be on gold." Expected The economy will recover after the epidemic, when credit expansion, inflationappears, the price and importance of gold will rise.
Click here to view the capital flow of SPDR Gold Shares (GLD), an exchange-traded fund that holds physical gold positions. Click here to see the gold ETFs with the most inflows in the most recent month.
[Commodities] U.S. oil rose to a seven-week high
U.S. NYMEX WTI crude oil futures (CL) main contract It closed at $41.70 a barrel on Tuesday, up 1.6% and rose to a seven-week high; the main contract of the international benchmark ICE Brent crude oil futures (OIL) closed at $43.16 a barrel, up 1.3%. Click here to view the Energy Crude Oil ETF.
Russian Energy Minister Novak said on Tuesday that he will monitor the situation in the next month and confirm Russia's position. Speaking at the OPEC+ ministerial meeting a day earlier, he warned that the recovery in global oil demand has slowed due to the resurgence of the epidemic, adding to market uncertainty.
As of 15:00, the main contract of INE China crude oil futures (SC0) closed at 269.8 yuan/barrel, down 0.52%. In the Shanghai and Shenzhen markets, investors can invest in some commodity futures through exchange-traded products.🛢 The performance of the main domestic futures contracts since the beginning of the year Metal futures View chart Energy & Chemical Futures View Chart Agricultural Futures (except Japonica Rice, Common Wheat, Rapeseed) View the chart Financial futures View the chart 🛢 The performance of important commodity futures in external disk since the beginning of the year Energy/Metals/Agricultural Products View Chart Source: Clues
Editor's Note: 1) " The "Clues" market data of NYMEX WTI crude oil futures and COMEX gold futures contracts "closing prices" are based on the last transaction price before 17:00 EST on the trading day; the "closing price" of the international benchmark ICE Brent crude oil futures is based on the trading day EST The last transaction price before 18:00. 2) According to the exchange rules, the settlement prices of COMEX gold futures and NYMEX WTI crude oil futures contracts are generated at 13:30 and 14:30 EST on the trading day respectively; the settlement price of the international benchmark ICE Brent crude oil futures contract Generated at 15:30 ET on the trading day.
【Cryptocurrency】 Bitcoin fluctuated above $12,000
According to data from the trading platform Bitstamp, as of At 16:35 Beijing time, the spot price of Bitcoin (BTC) was reported at $12,176.5.
On the 20th, the Central Bank Digital Currency Research Institute and Rural Credit Bank Fund Clearing Center Co., Ltd. held a signing ceremony of a strategic cooperation agreement. Rural Credit Bank said that it will provide "one-point access" new aggregate networking services for digital renminbi interconnection platforms for small and medium-sized banking financial institutions such as rural credit cooperatives, rural commercial banks, and village banks, and steadily promote the research and development of digital renminbi in rural areas. pilot work.
Exchange-traded funds BLOK, BLCN, BCNA contain blockchain-related industry exposures.
(Clues / Li Tao)
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Responsible editor: Fan Wenjia