【Today's Choice】
U.S. core PCE price index hits 4.9% in April
Fed'sfirst-quarter paper loss hits $330billion
EU to avoid ban on pipeline imports of Russian oil
Europe is makingcontingency plans for Russia to stopgas imports altogether
Kazakhstan resumes oil shipments via Caspian oil pipeline system
Zelensky: Opposes any alternative to Ukraine joining the EU
The Central Bank, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued a document: Facilitating overseas institutions to invest in thebond market
China Securities Regulatory Commission and Hong Kong Securities Regulatory Commission agree in principle to include eligibleETFsin China Stock Connect
Shanghai issued the "Action Plan for Accelerating Economic Recovery and Revitalization", and released 50 new relief policies to help enterprises
The Ministry of Finance issued the third batch of 400 billion budget in advance to support tax reduction and fee reduction and key people's livelihood
【Market Inventory】
Spot goldfluctuated and closed higher on Friday, reaching a high of US$1,861.90 per ounce in the day, then pared back some of the gains and finally closed up 0.16% at US$1,852.73 per ounce; spotsilverrose first and then fell, and finally closed up slightly by 0.49% at US$1,852.73 per ounce.$22.1/oz.
The U.S. dollar indexstabilized sideways and finally closed down 0.108% at 101.66.The yield on the 10-year U.S.Treasury bondcontinued to range in range, and finally closed at 2.743%.
In terms of international oil prices, the two oil prices continued to rise.WTIcrude oilstood at the $115 mark and finally closed up 0.84% at $115.08 per barrel; Brent crude finally closed up 1.63% at $119.20 per barrel.
U.S. stocks closed higher across the board.The Dow closed up 1.76% at 33212.96 points, ending its longest weekly losing streak since 1923; the S&P 500 closed up 2.47% at 4158.24 points, the largest weekly gain since November 2020; the Nasdaq Composite It closed up 3.33% at 12,131.13 points, with diagnostics and research and automakers among the topgainers.
Major European stockindexes closed up collectively.The European Stoxx 50 closed up 1.83% at 3808.86 points; Germany's DAX30 closed up 1.62% at 14462.19 points; the UK's FTSE 100 closed up 0.27% at 7585.46 points.
The HangSeng Index ofHong Kong stocks closed up 2.89%, the Hang Seng Technology Index closed up 3.8%, andChinese concept stocksreturned to Hong Kong generally closed higher. Baozun E-commerce closed up 31%, Baidu closed up 14%, andAlibabaclosed up 12%.
The three major A-share stock indexes fluctuated sideways in early trading. In the afternoon, the index fell and turned down, and rose slightly in late trading. As of the close, theShanghaiComposite Index rose 0.23%, theShenzhen Component Indexfell 0.12%, and theChiNextIndex rose 0.06%.The transaction volume of the two cities exceeded 810 billion yuan, and the net inflow of northbound funds exceeded 3.9 billion yuan.
Cryptocurrency trading was thin, withBitcoinslightly recovering above the $29,000 mark; Ethereum fluctuated near the $1,800 mark.
【International News】
U.S. core PCE price index hits 4.9% in April
The core PCE price index in the United States was 4.9% in April, in line with expectations. Compared with the 5.2% increase in March, the pace of price increases slowed down; the monthly rate of personal spending in April was 0.9%, higher than market expectations.
Fed's first-quarter paper loss hits $330 billion
The Fed's holdings of Treasuries and mortgage-backed securities (MBS) gave it an unrealized $330 billion at the end of March, hit by interest rate hikes, on a market-to-market basis, according to the Fed's latest quarterlyfinancial report. loss (paper loss).
National Hurricane Center: Hurricane Agatha is strengthening
Hurricane Agatha is rapidly strengthening and is expected to strengthen further before reaching the southern coast of Mexico on Monday, according to the National Hurricane Center.
U.S. Memorial Day holiday is approaching, more travel drives gasoline prices to new highs
The average price of a gallon of gasoline in the U.S. rose to a record $4.61 on Sunday, according to the latest data from the American Automobile Association (AAA).More than 39 million Americans are expected to travel for the Memorial Day holiday this year.
EU to avoid ban on pipeline imports of Russian oil
According to foreign media reports, the European Commission sent a revised proposal for the embargo of Russian oil cargoes to member states, proposing a ban on the import of Russian oil by sea and asking for a delay in the implementation of import restrictions on the key Druzhba pipeline.Under the latest proposal, EU countries will have six and eight months respectively to phase out seaborne shipments of Russian oil and Russian oil products.
Europe is making contingency plans for Russia to stop gas imports altogether
According to the Financial Times, EU energy commissioner Simon Simson said that Europe is making contingency plans to deal with Russia's complete stop of natural gas imports.Plans being drafted would includemeasures to rationindustrial gas supplies, according to people familiar with the matter.
Germany's energy regulator: The largest natural gas storage facility will be filled at an accelerated rate from June
On May 29, the head of Germany's Federal Network Agency, Mueller, said that the country's largest natural gas storage facility in the Reiden region of Lower Saxony has been filled at a faster rate from June.According to him, the German gas operator's total reserves stood at 47.5% on May 27, but the storage facility in Reiden is still almost empty.
Kazakhstan resumes oil shipments via Caspian oil pipeline system
On May 27, local time, the press office of the Prime Minister of Kazakhstan announced that the country's oil transportation through the Caspian Sea oil pipeline system has fully resumed, and all oil transportation facilities have been repaired and returned to normal.
Iran's seizure of Greek oil tanker in Persian Gulf may cause panic in oil market and shipping industry
According to CCTV news reports, on May 28 local time, the Iranian Ports and Maritime Organization issued a statement on the previous seizure of two Greek tankers.Greece is a shipping powerhouse, and Greek companies own nearly a quarter of the world's supertankers.
Japan's foreign net assets exceed 400 trillionyen, a record high
Japan's Ministry of Finance announced on May 27, local time, that by the end of 2021, Japan's foreign net assets from overseas assets minus liabilities exceeded 400 trillion yen for the first time, a record high.
Erdogan says Turkey talks with Sweden and Finland fall short of expectations
According to Turkish state media, Turkish President Recep Tayyip Erdogan said talks with Finland and Sweden had not reached the level expected and that Turkey could not agree to "sponsor terrorism" countries to join NATO.
Russia's Defense Ministry says it has full control over the strategically important Donetsk region of Bonliman
On the 28th local time, the Russian Ministry of Defense announced that the Russian army and the Donetsk and Luhansk armed forces have fully controlled the strategically important town of Bonliman in the Donetsk region.However, the Ukrainian Defense Ministry said that the Ukrainian army is still fighting fiercely in Bonliman.
According to market news, after Ukrainian President Volodymyr Zelensky visited the Ukrainian city of Kharkiv, there were several loud explosions.
Zelensky: Opposes any alternative to Ukraine joining the EU
On the 28th local time, Ukrainian President Volodymyr Zelensky said on the issue of joining the EU that if European leaders do not want to see Ukraine within the EU, they should clearly inform this.He himself opposes any alternative for Ukraine to join the EU.
Putin talks to French and German leaders: willing to negotiate resumption of Ukrainian grain shipments
According to the Kremlin, Putin held a telephone conversation between the French and German leaders on Saturday (May 28).Putin said Russia was open to discussing the possibility of allowing Ukraine to resume shipments of food from Black Sea ports.If sanctions against Russia can be lifted, Russia is ready to increaseexports of fertilizersandagricultural products(6.616.61 +0.15%
Ukraine looks to reopen Black Sea ports to boost food exports
Ukraine's Ministry of Agriculture officials disclosed that Ukraine is trying to export grain through cross-border railway transportation and other channels, but the transportation capacity is quite limited, and unless the Black Sea port resumes operation, it will be difficult to reach the previous export level.
Serbian president speaks with Russian president on new gas deal
On the morning of May 29, local time, Serbian President Vucic said that he and Russian President Vladimir Putin have reached an agreement on the signing of a three-year natural gas supply contract, and the specific details will be discussed with Gazprom.
Russian media: Lavrov says the West has "declared all-out war" on Russia
Russian Foreign Minister Sergei Lavrov said on the 27th that the West has "declared a full-scale war" on Russia.According to the report, Lavrov said the hostile countries used the tools at their disposal to undermine and contain Russia.
Russia pushes forward with legislation to take over Western businesses in Russia
Russia is moving forward with a new law that would allow the Russian government to take over the local operations of Western companies that decided to leave after the Russian-Ukrainian conflict, raising the stakes for multinationals trying to exit Russia.
Tesla's application to expand the German Gigafactory is officially approved or it may take a year
According to local German media reports, Tesla has applied to the municipal government of Glenheide to expand the area of its German Gigafactory by one-third, that is, to build another 100 hectares of factory area east of the factory.
Apple indicted in Russia for first time for refusing to localize user data
On May 27, according to foreign media reports, Apple was sued for the first time in Russia for refusing to localize user data.
Fortune 500 CEO Salary List: Musk topped the list with $23.5 billion, surpassing the sum of the bottom nine
"Fortune" magazine recently released the latest "Fortune" US 500 list. Among them, Tesla CEO Elon Musk, Apple CEO Cook, and Nvidia CEO Jensen Huang ranked the top three, with salaries of $23.5 billion and $770.5 million, respectively. and $561 million.It is worth mentioning that Musk’s salary exceeds the sum of the bottom nine.
【Domestic news】
The Central Bank, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly issued a document: Facilitating overseas institutions to invest in the bond market
The People'sBankof China, the China Securities Regulatory Commission and the State Administration of Foreign Exchange issued a joint announcement "On Further Facilitating Foreign Institutional Investors to Invest in China's Bond Market", stating that foreign institutional investors can carry out bond spot bonds and bond lending in China's bond market for the purpose of risk management. related derivatives, open-end bond indexsecurities investmentfunds and other transactions approved by thePeople's Bankof China and the China Securities Regulatory Commission.
China Securities Regulatory Commission and Hong Kong Securities Regulatory Commission agree in principle to include eligible ETFs in China Stock Connect
The China Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission jointly announced that the two exchanges agreed in principle to include eligible exchange- tradedfunds(ETFs) in the interconnection.Investors investing in ETFs through Internet Connectivity can only trade in the secondary market, and purchase and redemption are not allowed.ETF investment quota andstock investmentquota are calculated and managed together.
Shanghai issued the "Action Plan for Accelerating Economic Recovery and Revitalization", and released 50 new relief policies to help enterprises
The Shanghai Municipal Government issued the "Shanghai Action Plan for Accelerating Economic Recovery and Revitalization", which proposes to support the seamless renewal of loans for small, medium and micro enterprises with financing turnover, and strive to achieve a seamless loan renewal increment of 100 billion yuan in 2022.Shanghai will step up its efforts to aid enterprises and help market entities stabilize their jobs and retain their jobs.
48 hours to 72 hours: Nucleic acid testing time limit and frequency requirements are relaxed in many places in China
The Shanghai Municipal Government Information Office informed that from 0:00 on June 1, people entering public places with clear epidemic prevention requirements and taking public transportation must hold a negative nucleic acid test certificate within 72 hours, which was previously a 48-hour nucleic acid report.
Wu Qing: Shanghai will cancel the whitelist for resumption of work and production after June 1
Wu Qing, member of the Standing Committee of the Shanghai Municipal Party Committee and executive vice mayor, said that from June 1, Shanghai will cancel the whitelist system for enterprises to resume work and production, and cancel the unreasonable restrictions on the resumption of work and production.
Ministry of Industry and Information Technology: Go all out to boost the industrial economy and organize a new round ofnew energy vehiclesto the countryside
On May 27, the Ministry of Industry and Information Technology held a teleconference on boosting the industrial economy. The meeting emphasized that a new round of new energy vehicles to go to the countryside should be organized, and a number of demonstration cities and demonstration projects for information consumption should be launched to promotelarge-scale projects such as automobiles andhome appliances. commodity consumption.
The Ministry of Finance issued the third batch of 400 billion budget in advance to support tax reduction and fee reduction and key people's livelihood
Recently, the central government issued the third batch of funds budget for the transfer payment of 400 billion yuan to support grassroots implementation of tax reduction and fee reduction and key people's livelihood in advance. Alleviate the contradiction between fiscal revenue and expenditure and promote the smooth operation of county and district finance.The above funds are included in the 2023 budget, and the treasury funds will be allocated separately in 2022.
National Bureau of Statistics: In the first four months, the profits of industrial enterprises above designated size increased by 3.5% year-on-year
According to data released by the National Bureau of Statistics, from January to April, the profits of industrial enterprises above designated size increased by 3.5% year-on-year, and the growth rate dropped by 5.0 percentage points from January to March.Industrial profits fell 8.5% year-on-year in April.Some regions and industries have been greatly affected by the epidemic, and the profit growth of industrial enterprises has grown significantly.
Last year, the wealth of Chinese residents ranked second in the world
On May 27, according to the "China Wealth Report 2022" report, the total wealth of Chinese residents in 2021 will reach 687 trillion yuan, ranking second in the world, second only to the United States.From 2005 to 2021, the compound annual growth rate will reach 14.7%, far exceeding that of the United States and Japan.
Small and medium-sized banks follow up to cutdeposit interest ratesto strive for more credit space for "protecting small and micro businesses"
Small and medium-sized banks in many places, including Qingdao, Nanjing, Suzhou, and Hangzhou, have recently lowered the interest rates of medium and long-term ordinary time deposits and large-denomination certificates of deposit, and the adjustment range is mostly 5BP to 10BP.
Beijing pushes asset management institutions to launch products that can invest in Beijing Stock Exchange stocks
The Beijing Local Financial Supervision and Administration Bureau, the Business Management Department of the People's Bank of China, the Beijing Banking and Insurance Regulatory Bureau, and the Beijing Securities Regulatory Bureau jointly issued the "Opinions on Promoting the Construction of Beijing's Global Wealth Management Center".The "Opinions" pointed out that asset management institutions such as other companies should be encouraged to initiate the establishment of products that can invest in the stocks ofcompanies listed onthe Beijing StockExchange .
Beijing: 8 districts have stably achieved social clearance The current round of epidemic has been effectively controlled
On May 28, Xu Hejian, a spokesman for the Beijing Municipal Government, said that Beijing has achieved a decline in the number of new coronary pneumonia cases for six consecutive days. be effectively controlled.
Tesla Shanghai has implemented a double-shift system, and production is expected to return to normal in June
It was learned from the inside of Tesla's Shanghai Gigafactory that the current TeslaShanghai Lingang(,diagnostic stock) Gigafactory has increased from the original single-shift system to a double-shift system.A relevant person said that production is expected to fully return to normal levels next month.14.15 +2.39%
Pinduoduo's 2022 first quarter results beat market expectations
Pinduoduo's Q1 net profit was 2.6 billion yuan, the market expected a profit of 1.914 billion yuan, and a net loss of 2.905 billion yuan in the same period last year.Pinduoduo rose as much as 10% in premarket trading on Friday.
The advertising endorsement was illegally investigated, and the actor Jing Tian was fined and confiscated more than 7 million
Recently, the market supervision department of Guangzhou City, Guangdong Province imposed administrative penalties on actor Jing Tian's illegal advertising endorsements in accordance with the law, with a total of 7.2212 million yuan in fines and confiscations.
Three Moutai ice creams are launched in Guiyang at the same time. i Moutai is priced at 59 yuan and 66 yuan
On May 29, co-produced by Maotai and Mengniu, the three types of Moutai ice cream produced by Mengniu’s Maanshan factory were first listed in Guiyang, and at the same time, i Moutai was launched.It is reported that the prices of the three Moutai ice creams (pre-packaged food) include green plum boiled wine, classic original flavor and vanilla flavor, each priced at 59/66/66 yuan, respectively.
【Risk Warning】
☆23:00, Federal Reserve Governor Waller delivered a speech on the US economic outlook.Federal Reserve Governor Waller speaks on the outlook for the U.S. economy.Waller previously said that former Fed Chairman Volcker had to scare people with interest rate hikes because the Fed lacked credibility at the time; but this is not a time to scare people.The remarks once boosted market confidence.
☆To be determined, domestic refined oil products will open a new round of price adjustment window.It is expected that the current oil price will increase by 0.28-0.31 yuan per liter.Based on the 50L fuel tank of a family car, it is expected to cost 14-15.5 yuan more to fill up.
☆Affected by the Memorial Day holiday in the United States, the US stock market will be closed on Monday (May 30) for one day. CME'sprecious metalsand US crude oil contracts will end at 02:30 the next day Beijing time ahead of schedule; ICE's Brent crude oilfuturesPlease note that thecontract transaction will end in advance at 01:30 Beijing time the next day.
