Central Bank, super heavy! Batch adjustment of existing home loan interest rates!
On September 29, the People's Bank of China (referred to as the "central bank") issued an announcement (referred to as the "Announcement") to improve matters related to the pricing mechanism of commercial individual housing loans. Starting from November 1, eligible borrowers can negotiate with commercial banks to adjust the rate markup of mortgage loans in a market-oriented manner and can also negotiate to adjust the repricing cycle. At the same time, the central bank issued the "Proposal on the Initiative of Bulk Adjustment of Existing Housing Loan Rates", clarifying that all commercial banks should unify the interest rates of existing housing loans (including first homes, second homes, and more) by October 31, 2024.
One-week outlook | Powell joins hands with non-farm data to 'explode the market'! Multiple Fed officials speak intensively; Hong Kong stocks closed for one day for National Day holiday, A shares closed for seven days
China's manufacturing and service PMI will be released; Europe's September CPI data will be released, inflation data meeting expectations or accelerating the European Central Bank's interest rate cut; Japan will release the August unemployment rate; Carnival Cruise Line, Nike, McCormick & Co will release financial reports.
US stocks close | US PCE inflation cools down, S&P Nasdaq falls but Dow hits new high; China concept index surges 24% for the whole week, jd.com hits fourteen-month high.
US PCE inflation cooling solidifies the confidence of the Fed in rate cuts, but US stocks fell in the afternoon, with nvidia dropping nearly 4% at one point. China's stimulus policies drove the Chinese concept index up by 4%, nio inc rose by nearly 13%, pan-European stock indexes and German stocks hit new highs for two consecutive days, luxury goods stocks rose again. The Dow, S&P, and Nasdaq have all risen for three consecutive weeks, with two China-focused ETFs achieving the best weekly gains in history.
TOP 20 transaction volume | Chinese concept stocks continue to rise, pdd holdings surged 35.5% this week; Musk claims that China's industrial capacity has far exceeded the usa.
On Friday, the turnover of the US stock market ranked first with nvidia falling by 2.13%, trading at $32.833 billion; tesla ranked second, rising by 2.45%, trading at $18.333 billion; apple, ranking third, rose by 0.12%, trading at $7.762 billion.
China Stimulus May Spur Buying in Overseas Equities, Bank of America Says
Bank of America and Barclays update their "china fever" strategy: major events happening now! Global risk appetite is on the rise.
①China's current stimulus policy has increasingly become the mainstream attitude of Wall Street analysts, and overseas investors are also showing concerns about 'missing out' while waiting and seeing; ②Even after the significant rise this week, Chinese assets still remain very attractive in terms of valuation; ③In addition to stocks, analysts are also paying attention to the generalized effect of 'China bullish'.
US stock market outlook | As expected! USA's core PCE in August rose by 2.7% year-on-year, short-term pull-up of the three major index futures; Making a fortune! Well-known major short sellers bet on Chinese concept stocks to usher in a glorious moment
Before the market opened on Friday, the three major equity index futures fell slightly, with the market waiting for PCE data; tesla's 0-interest car purchase event was postponed again; jd.com continued to rise by over 2% before the market, Alibaba and jd.com will open up to each other.
This week in the US stock market | China's assets experience a "big carnival", goldman sachs and other major banks are all bullish! Ke Holdings surged nearly 40% during the week, with jd.com and pdd holdings rising by about 30%.
This week, the Dow Jones Industrial Average rose by 0.27% to 42175.11 points; during the same period, the S&P 500 index rose by 0.75% to 5745.37 points; the Nasdaq index rose by 1.35% to 18190.29 points during the same period.
Daily Options Recap | Chinese index continues to soar! KWEB call option hits nearly a hundredfold profit; AI wave ignites storage demand, micron technology trading is hot.
Under investigation by the US Department of Justice! Super Micro Computer fell more than 12% the previous trading day, put options surged to 52.6%, options volume increased significantly by 3.7 times to 0.617 million contracts compared to last night; on the options chain, the highest trading volume belongs to put options with a strike price of $400 expiring today, reaching 0.028 million contracts.
Hong Kong stocks have been soaring for days on heavy volume, haven't jumped on board yet? These directions are still worth paying attention to.
In recent days, the heavy-duty policy bullish continues to catalyze, with large funds actively buying assets in China, and the market's bullish sentiment towards China has been fully ignited. Beneficiary sectors have already risen in advance. Lowering mortgage rates is bullish for consumer spending, with sectors like alcohol, gold, and jewelry taking the lead, while opportunities for biomedical and real estate stocks are worth looking forward to.
Yellen speaks out strongly: Believes the economy can achieve a "soft landing" and publicly criticizes Trump.
american financial the treasury secretary said that the u.s. economy is moving towards a "soft landing" and controlled inflation; She believes that, moving in this direction, the federal reserve policy rate will approach the neutral rate; Janet Yellen also criticized the trump administration for undermining the stability of the american financial system in a public speech.
Global stock markets welcome the 'most call morning of the year,' as Goldman Sachs fund flow experts exclaim that this 'china trade' is different from the past.
Goldman Sachs expert Rubner mentioned that FOMO is starting to appear locally in China; in the past 48 hours, he conducted more China-related Zoom calls than all related meetings within this year; short-term traders in Goldman Sachs PB business have been buying Chinese stocks for eight consecutive days, with the net buying amount of Chinese stocks in PB business this Tuesday reaching the second highest level in ten years, almost entirely from long positions.
Futu Express | Soaring 11%! Chinese concept index surges again, Goldman Sachs: The recovery of China's stock market may finally be coming; It's about interest rates! High-ranking officials of the Federal Reserve, Yellen, and others speak intensively.
The director of the monetary policy department of the People's Bank of China stated that they will speed up the introduction of documents on financial increment policy measures; US Treasury Secretary Yellen predicts a decrease in housing costs, driving towards achieving the 2% inflation target.
Powell delivered a speech at the US bond market annual meeting, emphasizing regulatory cooperation and communication, drawing lessons from the "flash crash" in the bond market ten years ago.
Powell mentioned the opportunity of the annual conference - the rare liquidity 'flash crash' in the US Treasury market in October 2014. It was because of that event that regulators such as the Fed realized the significant changes in the structure of the US Treasury market, how electronic trading has a big impact on the market, and how crucial the cooperation and communication among various regulatory institutions are.
Trading Volume TOP20 | Chinese concept stocks continue to soar! PDD Holdings surged nearly 14%, Alibaba rose over 10%; Super Micro Computer fell more than 12% due to investigation by the US Department of Justice.
nvidia, the top stock on Thursday's US stock market, rose by 0.43%, with a trading volume of 37.626 billion US dollars. tesla, the second place, fell by 1.09%, with a trading volume of 17.154 billion US dollars.
US stocks closed | The three major indexes rose together, with the S&P hitting a new high again, while super micro computer was investigated and fell more than 12%; the China concept index surged nearly 11%, pdd holdings rose over 13%.
Chinese concept stocks are in a frenzy, Bilibili's stock price rose by over 15%, fangdd network doubled, Gaotu education increased by over 27%. London copper rose by over 2.7% breaking $0.01 million, offshore renminbi rose above 6.98 yuan, reaching a 16-month high. WTI crude oil fell by about 3%.
What happened tonight? Major policy bullish surprise, foreign capital collectively optimistic, china assets booming!
On the evening of September 26, Chinese assets soared, with Chinese concept stocks, China assets etf, ftse china a50 index futures, Hang Seng index futures, and RMB exchange rates all skyrocketing.
U.S. stock market in the morning | The three major indexes all rose, with the S&P hitting a new high; the China Golden Dragon Index surged by more than 10%, jd.com rose more than 12%; Micron rose 17% leading the semiconductor stocks.
On the evening of the 26th Beijing time, the US stock market opened higher on Thursday. The revised value of the US GDP for the second quarter met expectations. Investors are paying attention to speeches by several Federal Reserve officials including Powell to further understand the future interest rate cut path. The market is also focusing on the US federal government debt crisis issue and the US presidential election.
US Stock Outlook | Chinese securities are booming across the board! Pinduoduo, JD, and Station B soared by more than 11% before the market; Micron exploited “AI faith”! Pre-market riots in chip stocks
Optimism continues to spread, with strong gains in the Asia-Pacific stock markets and pre-market trading in US stocks on the rise. As of the time of publication, the Dow Jones futures rose by 0.37%, the s&p 500 index futures rose by 0.75%, and the Nasdaq futures rose by 1.41%. Chinese ETFs surged in pre-market trading, with 3 times leverage on the rise of the FTSE China ETF by over 25%.
Express News | The People's Bank of China: We need to speed up the introduction of financial increment policy measures files, and implement and implement each policy measure one by one.