News
European stocks rose, but Italian bank stocks hit a new low; US stocks were mixed, and oil prices tumbled nearly 5%.
China’s foreign reserves unexpectedly increased by US$13.4 billion in June, the largest monthly increase since April last year.
Baoneng: I hope to be a long-term strategic financial investor of Vanke; be optimistic about the management team; or make proposals for the adjustment of directors and supervisors.
The US “small non-agricultural†in June exceeded expectations.
The British women's prime minister is a foregone conclusion: May and Leadsom enter the final prime minister's campaign.
Asia
China’s foreign reserve accident in June increased by 13.4 billion U.S. dollars, the largest monthly increase since April 2015.
China’s foreign exchange reserves unexpectedly increased by US$13.4 billion in June, the largest monthly increase since April 2015, better than analysts’ expectations. According to data released by the central bank, China’s foreign exchange reserves in June increased by 13.426 billion U.S. dollars to 3,205.16 billion U.S. dollars, which is expected to decrease by 24.7 billion U.S. dollars, and a decrease of 27.96 billion U.S. dollars in May.
High-profile calls to Vanke, Bao Neng today answered the three most concerned issues in the market.
In the Vanke detailed equity change report released today, compared with the same report six months ago, Yan Shenghua deliberately added a large number of explanations, and showed the triple attitude: I hope to make Vanke long-term strategic financial investment. People; optimistic about the Vanke management team, hope that the outstanding people will continue to stay; do not rule out the possibility of making relevant proposals for the adjustment of directors and supervisors.
Unveil the mystery of the "empire" of the treasure.
No one expected that the obscured treasures two or three years ago became the crocodile that stirred the capital market. The outside world is curious about this company. Today's Vanke announcement clearly shows the layout and financial status of Baoneng for the first time. At the end of 2015, Sheng Shenghua held more than 25 billion in cash. In just one year, its asset size has increased by 8 times and its net profit has exceeded 20 billion. At the same time, the debt ratio of Sheng Shenghua has also risen rapidly to 75.47%.
Goldman Sachs: In October last year, $170 billion went abroad in the form of RMB.
What is intriguing is that although a large amount of RMB has flowed abroad, the offshore RMB deposits of non-bank institutions and the offshore RMB assets of overseas banks have not increased. Goldman Sachs speculates that they may be exchanged for foreign currency such as the US dollar. These are not reflected in the changes in foreign exchange reserves.
US Trade Representative: The negative list of BIT submitted by China is "still far from acceptable."
For the latest negative list of China-US investment agreements (BITs) submitted by China, US Trade Representative Froman said that the content is "still far from acceptable." But he promised that the negotiations will continue. He said last month that the negotiations will continue until the fall. US Treasury Secretary Lu Shangyue said that China and the United States should seize the opportunity of the September G20 Leaders Summit. Earlier, US Treasury Secretary Nathan Sheets said that it would strive to complete negotiations within Obama's term.
Midea announced that after the completion of the tender offer, it will hold the German industrial giant KUKA.
Midea Group issued a statement saying that the shares of KUKA Group accepting this tender offer accounted for approximately 43.74% of the total share capital of KUKA. After the completion of the tender offer, the shares of the KUKA Group held by the company will exceed 50%. Midea signed an investment agreement with KUKA at the end of June, emphasizing that it did not sign a control agreement with KUKA, and did not intend to delist or reorganize KUKA, and support the independence of the KUKA Supervisory Board.
North America
In June, the US “small non-agricultural†exceeded expectations and gold fell.
In the United States, the number of ADP employment increased by 172,000 in June, and is expected to increase by 160,000. The previous value of 173,000 was revised to 168,000. After the data was released, gold fell. In terms of company size, small companies added 95,000 non-agricultural jobs, 52,000 medium-sized companies and 25,000 large companies in June. The performance of the service industry was bright, with 208,000 new jobs and 36,000 jobs in the manufacturing sector.
Europe
The British women's prime minister is a foregone conclusion: May and Leadsom enter the final prime minister's campaign.
On Thursday, in the second round of the British Conservative Party, Interior Minister May won the round with 199 votes, Energy Minister Leadsom won 84 votes, and Justice Minister Gove lost. Both May and Leadsom are women ministers who will enter the final prime ministerial campaign. Britain is expected to welcome another female prime minister after Thatcher.
Summary of the European Central Bank's June meeting: The negative effects of the Brexit referendum will spread to the euro zone.
The European Central Bank said in the minutes of the June monetary policy meeting that if the British referendum chooses to leave the European Union, it may bring "a huge, but unpredictable" negative impact. ECB policymakers believe that the weak external environment (especially in emerging market countries) and the continued deleveraging of Eurozone companies are damaging economic growth and economic risks are still tilting downward.
Italian banking stocks fell to a record low.
Banco Popolare passed the bank's own stress test and said it has the ability to withstand shocks. However, investors do not seem to believe in these Italian banks. The Italian bank, headed by Italy's third-largest bank, Monte Paschi, plummeted in a row and has fallen to a record low.
The British government came to China to drink: the pound fell into this way, there is no better bargain-hunting opportunity than now!
Lord Price, Lord Trade and Investment, said in Beijing on Thursday: “There is no better time to invest in the UK than it is now. The pound has depreciated. The asset price is very reasonable.†The day before he spoke, the pound hit a 31-year low. . Lord Purui said that it is a good time to negotiate a trade agreement. Brexit gives the UK greater flexibility in trade negotiations with China.
The budget deficit is not up to standard and the European Commission is considering sanctions against Spain and Portugal.
The European Commission proposes to impose sanctions on Spain and Portugal in an unprecedented way, as the budget deficits of the two countries have long exceeded the 3% ceiling set by the EU's excess deficit program. The penalty will include a fine of 0.2% of GDP and a suspension of some local funding. However, the penalty can also be reduced or cancelled as appropriate. Last year, the ratio of Spain's fiscal deficit to GDP was 5.1%, far exceeding its target deficit, and the Portuguese deficit was 4.4%.
Commodities, foreign exchange, emerging markets and others
EIA crude oil inventories fell less than market expectations, oil prices fell more than 4%, the US oil plate broke $45.
EIA data showed that US crude oil inventories fell by 2.22 million barrels in the week ending July 1, although it was the seventh consecutive week of decline, but it was a far cry from the 6.7 million barrels of API data on Wednesday. Oil prices rose more than 4%, and US oil hit a two-month low. The intraday refresh rate was as low as $44.88 per barrel; the oil fell below $47.
Global banking stocks suffered a "blood wash": market value losses approached $500 billion.
Since 2016, the market value of the top 20 banks around the world has evaporated by almost a quarter. Of the 20 banks, three lost more than half, and the smallest loss of JP Morgan Chase also had a loss of nearly 10%. In addition, 90% of the banks' P/B ratio is less than 1, reflecting investors' doubts about the bank's capital strength and the market's concerns about its future profitability.
The futures market reappears madly, with egg futures trading $1.6 billion a day.
The madness of the Chinese futures market has once again come back. On Wednesday, Dalian Commodity Exchange, Shanghai Futures Exchange and Zhengzhou Commodity Exchange totaled 173 billion US dollars, and the contract size reached 51.5 million hands, the highest since April 26. The head office of Dashang's egg futures reached US$1.6 billion on a single day on Wednesday, setting a peak in 2014.
China News - Regions and Industries
1. Lithium battery | According to the Chinese Academy of Sciences, Liu Zhaoping and Xia Yonggao research team of Ningbo Institute of Materials Science and Technology of the Chinese Academy of Sciences are committed to the research and development of lithium-rich manganese-based cathode materials, and have achieved in preparation methods, component optimization, charge and discharge mechanism and surface modification. Rich research results. The team recently improved the first charge and discharge efficiency and rate performance of lithium-rich manganese-based cathode materials by increasing the activity of lattice oxygen, which provided a new idea for the modification of the material. Pilot development of lithium-rich manganese-based cathode materials is currently being promoted.
Comments: The industry believes that in the current known cathode materials, the lithium-rich manganese-based cathode material has a specific discharge capacity of up to 300 mAh/g, which is about twice the discharge specific capacity of cathode materials such as lithium iron phosphate and ternary materials. It is considered to be the ideal choice for the new generation of high energy density power lithium battery cathode materials. Lithium-rich manganese-based materials have the advantages of low cost, high capacity, non-toxic safety, etc., and can meet the requirements of lithium batteries in the fields of small electronic products and electric vehicles. After solving the related technical problems, the lithium-rich manganese-based cathode material has the absolute advantage of discharge specific capacity, which will be beneficial to the large-scale promotion of electric vehicles. Among the listed companies, Jiangte Electric (002176) has mass-produced lithium-rich manganese-based cathode materials, and its technical level has reached international advanced level, and the manufacturing process has applied for patents. Guoxuan Hi-Tech (002074) has a patent for the preparation of a lithium-rich manganese-based cathode material.
2. Semiconductors | On the 7th, TSMC's investment of US$3 billion in the 12-inch wafer fab in Nanjing was officially laid. In addition, the Fujian Jinhua Memory IC project will also be held in the middle of this month. According to the International Semiconductor Association (SEMI) data, there will be at least 19 new fabs in 2016 and 2017, and 10 of them are located in China. According to the agency's estimates, the overall fab spending in 2016 will reach 36 billion US dollars, and will rise to 40.7 billion US dollars in 2017, an increase of about 13%.
Comments: The brokerage research report believes that under the impetus of the start-up construction and localization of the fab, the prosperity of China's integrated circuit industry is expected to improve, and the demand for materials and equipment and packaging and testing industry is improving. Huatian Technology (002185) is a leading enterprise in China's integrated circuit packaging and testing, and has received investment from the National Integrated Circuit Industry Fund; Shanghai Xinyang (300236) is mainly engaged in electronic chemicals, and TSMC is its potential customer.
3, liquid metal | According to technology media reports, the first wholesale time of the TuringPhone (Turing mobile phone) known as "the world's first liquid metal mobile phone" has finally been determined. On June 29, Turing Machinery Industry Corporation (TRI) announced that the first batch of TurningPhone will be shipped on July 12.
Comments: Liquid metal fuselage is clearly the most proud technology of this company. According to previous media reports, the Turing mobile phone case uses a liquid deformed steel material called “LiquidMorphiumâ€, which is an amorphous alloy containing zirconium, copper, aluminum, nickel, and silver. Its hardness exceeds that of titanium alloy and steel. It is also the hardest material in the current mobile phone body. In fact, liquid metal, as one of the super materials that dominate the future high-tech competition, is highly valued by the domestic and international scientific and technological circles. The liquid metal concepts in A-share listed companies mainly include Yi'an Technology (300328), Yunhai Metal (002182), and Antai Technology (000969).
4, gene sequencing | Shenzhen Bohai Gene independently developed China's first third-generation single-molecule sequencer prototype, has been reviewed by the academician team, and the real product is expected to be made in October. This marks that the sequencer has broken the monopoly of foreign countries, and gene sequencing has entered the era of independent research and development in China. According to the person in charge of Bohai Gene, the price of the third-generation gene sequencer has dropped 10 times and the speed has increased by 10 times. It has truly entered the “hundred yuan era†and made it possible to report within a few hours. At present, the second-generation technology tests about 1,000 US dollars at a time, equivalent to nearly 7,000 yuan.
Comments: Industry insiders said that gene sequencing is an innovative technology for medical diagnosis and treatment. From the reproductive reproduction test of tens of billions of space, to the individualized treatment of cancer in the 100 billion market, to the trillion-dollar genetic examination and consultation market, it contains huge Market potential. The cost reduction is the key factor in the outbreak of the genetic industry chain. In the context of the rapid advancement of “health reformâ€, the gene sequencing service market has ushered in both policy and technological breakthroughs, and the trillion market outbreak is expected to advance. Among the A shares, Rongzhilian (002642) is the main cloud computing partner of Huada Gene, and Changhong Technology (300151) is the leader in genetic testing consumables.
5. Stem cells | Dr. Liu Min, a postdoctoral researcher at the Institute of Regenerative Medicine at the University of Galway in Ireland, first realized the simultaneous development of heart cells from skin stem cells. This will hopefully develop new ways to treat heart disease, treating heart failure, arrhythmia and sudden cardiac death in children. (Technology Department)
6. Cybersecurity | Foreign Ministry Spokesperson Hong Lei said at a regular press conference on the 6th that China will hold an international seminar on networking issues with the United Nations from July 11th to 12th in Beijing. According to reports, the meeting will discuss in depth the issues of cyberspace situation, international rulemaking, digital economy pragmatic cooperation, and Internet governance.
Comments: The current network security threats are complex and diverse. It is an international consensus to formulate international rules that are generally accepted by all parties as soon as possible and maintain the stability and prosperity of cyberspace. Recently, with the joint statement issued by China and Russia to jointly promote the development of information network space and the launch of the second review of the draft network security law, the network security has received frequent policy attention and is expected to accelerate the opening of the 100 billion-level market space. A-share related stocks can focus on Maya Baike (300188), Tuolth (300229), and Blue Shield (300297).
7. Colored | Since late June, some provinces south of the Yellow River in China have experienced heavy rainfall, such as Hubei, Anhui, Jiangsu, Jiangxi, Guangdong, etc., and these provinces are mostly the main production and distribution centers for some metals. According to SMM, some metal companies were forced to suspend production, and even some enterprises have been suspended for half a month. In addition, shipments in some areas have been postponed.
Comments: The global loose monetary policy and temporary risk appetite rebound promoted capital inflows into commodity and stock markets. The negative interest rate environment provided a reasonable asset allocation logic for commodity investment. The rise in commodity prices prompted investors to choose in the A-share market lacking the theme effect. For sectors such as resources and agriculture that have price elasticity of commodities, non-ferrous metals have also become a favored sector for capital, especially for precious metals and basic metals with a sharp rebound in prices under the supply contraction logic. In the next 2-3 weeks, the non-ferrous metal sector is expected to receive excess returns. Can pay attention to precious metals and small metal varieties.
8, mobile games | With the history of the "most strict travel new regulations" "Notice on the management of mobile game publishing services" officially implemented on July 1, starting at the end of June, in the ios and major Android mobile phone market online games must first fill out The version number and the approved time, and the Xiaomi App Store and 360 Mobile Assistant will be filled out before the game test.
Comments: It is understood that from 2009 to date, a total of 69,000 games have been legally registered, 90% of which have no application number. Product homogenization, low degradation is serious. This time, we will increase the standardization efforts, and a considerable number of small and medium-sized game developers will be out of the market, which will benefit the leading enterprises in the industry. A-share listed companies can focus on Zhejiang Jinke (300459), Converse Culture (002502), and Jiaqu Technology (300315).
9, iris recognition | news from the supply chain shows that Note7 uses infrared LED to match the iris recognition technology, using it to emit infrared light source to the human eye, even in special circumstances, the success rate of iris recognition will be very high .
10. De-capacity | Xu Shaoshi, director of the National Development and Reform Commission, said that it is necessary to ensure that the excess capacity of steel exports will be 45 million tons this year, and the excess capacity of coal will be reduced by more than 250 million tons.
11. Cloud Computing | The official website of the International Telecommunication Union officially released the “Cloud Computing Framework and the ed2 version of the high-level requirementsâ€, marking the successful implementation of the three proposals led by the China Institute of Information and Communications. This is a major breakthrough in the field of cloud computing international standards, and it has a milestone significance.
12. Live pigs | On July 7, the prices of live pigs in many provinces in the country have stabilized or increased slightly. According to the data of Sogou.com, the average price of live pigs on July 7 was 18.33 yuan per kilogram. The price rose by 0.04 yuan per kilogram on the previous day. The average price of whole lean meat pigs reached 18.67 yuan per kilogram. The price was higher than that of the previous day. The kilogram rose by 0.05 yuan.
13. Charging piles | Shaanxi Province has released the “13th Five-Year†charging infrastructure construction plan. It plans to add more than 454 centralized charging stations and more than 94,400 decentralized charging stations by 2020 to meet 100,000 vehicles in Shaanxi Province. The charging needs of electric vehicles.
14, OLED | US Rosenblatt Securities analysts report that due to insufficient supply of OLED display, Apple plans to configure a curved display in the iPhone next year may be blocked, because Samsung may lack sufficient capacity to Supply OLED display for Apple. â€
15. New Energy Vehicles | Vice Premier Ma Kai of the State Council: Grasping key links, strengthening technology research and development, accelerating the promotion and application, and striving to promote the sustainable and healthy development of the new energy automobile industry. In addition, Li Keqiang pointed out that new energy vehicles are being punished for fraudulent compensation and illegal treatment.
16. Oil and Gas Equipment | The Anze 1 well in Zunyi, Guizhou Province achieved a major breakthrough in oil and gas in four layers. The Silurian Niu Shilan Group obtained a stable gas flow of 102,200 square meters per day. This is the first major breakthrough in the complex structural area in the south of the Sichuan Basin in the past 60 years. It has opened up a new oil and gas exploration area and is expected to become a new industrial gas field.
17. Big Data | The 6th International Digital Earth Summit opened in Beijing on the 7th and will discuss the progress and challenges of digital earth science and technology in the era of big data.
18, brokerage | Today, the June issue of listed brokers has been released one after another, the first to publish the monthly report has the first venture, Anxin, southwest three brokers. The three listed brokers achieved a total operating income of 1.022 billion yuan in June and a net profit of 462 million yuan. All three listed brokers achieved double-income growth in revenue and net profit. At present, Essence Securities' net profit is 190 million yuan, and the largest increase in net profit is the first venture, reaching 172.89%.
market
The S&P 500 closed down 1.83 points, or 0.09%, to 2,097.90. The Dow Jones Industrial Average closed down 22.74 points, or 0.13%, to 17895.88 points. The Nasdaq Composite Index closed up 17.65 points, or 0.36%, to 4876.81 points.
The FTSE Pan-European Excellence 300 Index closed up 1.08% to 1278.45. The Stoxx Europe 600 index closed up 1.20% at 322.60 points; the Stoxx 600 bank stock index closed up 1.63% at 119.44 points. The German DAX 30 index closed up 0.59% at 9428.28 points. The French CAC 40 index closed up 0.92% to 4122.72 points. The UK's FTSE 100 index closed up 1.25% to 6544.61 points. Italy's FTSE MIB index closed up 0.20% to 15454.54 points.
The Shanghai Composite Index closed at 3018.85 points, down 0.01%, with a turnover of 270.2 billion yuan. The Shenzhen Component Index closed at 10,620.58 points, down 0.2%, with a turnover of 463.3 billion yuan. The GEM closed at 2,323.92 points, down 0.34%, with a turnover of 128.72 billion yuan.
WTI August crude oil futures closed down 2.29 US dollars, down 4.8%, to 45.14 US dollars / barrel. Brent September crude oil futures closed down 2.40 US dollars, down 4.9%, to 46.40 US dollars / barrel. COMEX August gold futures closed down 5.00 US dollars, down 0.4%, to 1362.10 US dollars / ounce.
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