This week, the market focused on inflation data. The US inflation in July was milder than expected, and the US stock market immediately whistled upwards, and the Asian stock market also climbed. Among them, the price and volume of mainland A shares rose together, and foreign investors’ buying attitudes suddenly became positive. .
CPI data may be repeated
Investors speculated on data this week that the year-on-year increase in the U.S. CPI in July fell to 8.5% from 9.1% in June, lower than the 8.7% originally expected, prompting an immediate surge in U.S. stocks. Analysts are not sure whether inflation is really peaking and falling. Some say that if food and energy prices continue to weaken, June may be the peak of inflation, but the core CPI data, which excludes volatile food and energy costs, may be in It climbed again in August, there is a possibility of repetition, and it may not peak until September.
After seeing strong employment and a pullback in inflation in July, investors will look to U.S. consumers for clues on the outlook for the economy and inflation, with the University of Michigan report on consumer confidence and inflation expectations due on Friday being another focus. Analysts at BlackRock Global Fixed Income Investments said that overall inflation is still advancing at a worryingly high speed, and continued solid inflation data will put the Fed firmly on the path of continued aggressive tightening, which is expected to increase next month. Interest 0.75%. Of course, there are also many people who believe that the fall in inflation makes it enough for the Fed to raise interest rates by 0.5% in September.
The market adopts an attitude of watching and speculating on the inflation figures. As mentioned earlier, the Federal Reserve has no interest rate meeting this month, and speculators and investors cannot wait until next month to make a move. It seems that the Du Index has passed 30,000 points. At a low level, it closed at 33309 points on Wednesday to challenge the high of the upper wave. The trend has broken the descending track of one wave below one wave, and began to rebuild the ascending track. During the blank period before the meeting in September, I have to find some reasons to hype. The inflation is lower than expected, just to hype. Gather the United States, and there is a way to hype if you have money.
U.S. stocks led Asian stock markets to perform well. China, Hong Kong and Taiwan indices all opened up, and mainland stock markets performed well. The Shanghai Composite Index closed at an all-day high and closed at 3,281 points, up 51 points; the Shenzhen Component Index rose by more than 2%, with brisk trading. , the total turnover of the two cities increased by more than 10% to 1.06 trillion yuan. It is estimated that foreign investors bought more than 10 billion yuan of stocks yesterday. Among the various sectors, the securities companies are the most prominent. In the past week, foreign media have been downplaying the mainland’s economy, and now it depends on whether the trend of foreign investment in A-shares continues.
Hong Kong stocks also followed the Chinese and American stock markets, regaining the 20,000 mark in one fell swoop. The Hang Seng Index closed at 20,082 points, up 471 points, an increase of 2.4%, more than the Shanghai Index, and it felt a little behind; the H-Share Index closed at 6,823 points, up 179 points; The KTI closed at 4,326 points, up 153 points, but the turnover was still sparse, with only 82.7 billion yuan.
Techtronic Industries (669) recorded a net profit of US$578 million in the interim, an increase of 10.4% year-on-year, which stimulated its share price to soar 11% to close at 96.45 yuan, the best performing blue-chip stock; Swire’s interim results turned losses into profits, and planned to spend up to 4 billion Yuan repurchased shares, Taikoo A (019) surged 10% to close at 49.9 yuan.
New-economy stocks became the focus of the market’s rise, and technology and Internet stocks led the market. “ATMXJN” contributed to a 177-point rise in the Hang Seng Index. Alibaba (9988) rose 4.3% to close at 91.75 yuan; Xiaomi Group (1810) surged 4.7% to close at 12.06 yuan; Meituan (3690) rose 4% to close at 176.4 yuan; Tencent (700) rose 2.7% to close at 303.6 Yuan; NetEase (9999) bounced 4% to close at 142.4 yuan; JD.com (9618) rose 1.3% to close at 221.2 yuan.
iPhone price increase mobile phone stocks run out
Tianfeng International Securities analyst Ming-Chi Kuo, known as the “strongest Apple analyst,” estimates that the average price increase for the iPhone 14 series is 15%, driving mobile phone equipment stocks to run out. Sunny Optical (2382) rose 9% to close at 121.5 yuan, the best performing stock in the KSE; Qiu Titanium Technology (1478) rose 17.7% to close at 4.85 yuan; AAC (2018) rose 3.8% to close at 15.14 yuan; Gaowei Electronics (1415) bounced 4% to close at 16.6 yuan; BYD Electronics (285) rose 3% to close at 21.8 yuan.
The China Association of Automobile Manufacturers announced the latest auto data for July 2022. In July, the export volume of auto companies hit a record high; at the same time, the production and sales of new energy vehicles in July increased by 1.2 times year-on-year. BYD (1211) rose 2.29% to close at 286 Yuan. “New car-making forces” also pulled high. Weilai (9866) rose 8% to close at 157.9 yuan; Xiaopeng Motors (9868) rose 5% to close at 90.85 yuan; ideal car (2015) rose 3% to close at 124.3 yuan.
Mainland property stocks are very sensitive to financial news. Agile (3383) announced that the US$200 million senior notes issued in 2017 will mature on Sunday (14th), and the company has deposited sufficient funds into the bank account designated by the trustee. , for the full redemption of the note next Monday (15th), the funds are equivalent to the outstanding principal amount and the interest accumulated to the maturity date, which has passed another hurdle for the company and creditors. Agile rose 1.3%, but the mainland property developers The trend is still weak.
Jin Riku