July 13 Market Review

Last Friday, confirmed cases in the United States hit another one-day high, but the trend of US stocks was unaffected. Driven by the strength of bank stocks, the Dow rose 1.44%, the Nasdaq rose 0.66%, the S & P 500 rose 1.05%, Tesla, Inc. rose more than 10%, and Nai soared more than 8%. All hit record highs.

The Hang Seng Index fell back today, rising 1.5% at one point to close at 0.17%, but there were many hot spots in the market, Chinese brokerage stocks rebounded, auto stocks and pork stocks exploded in an all-round way, and Tesla, Inc. concept stocks led the market higher.

Before the US stock market: all three major futures indexes rose

Us stocks fought back on Friday, and the pre-market index maintained its upward trend today. As of press time, Dow futures rose 0.51%, Nasdaq 100 futures rose 0.49%, and the S & P 500 index rose 0.37%.

Performance of major ETF products in Hong Kong stocks

• The Hang Seng Index rallied and closed up 0.17%, while the South double bullish Hang Seng Index rose 0.6%.
  

The Hang Seng Index rose nearly 400 points in the afternoon, but dragged down the inner silver stocks to give up its gains, closing up only 0.17%.$South double bullish Hang Seng Index (07200.HK) $The turnover increased by 0.6% to HK $294 million.South double bearish Hang Seng Index (07300.HK) $Down 0.28%, the turnover reached HK $13.5 million$South double bearish Hang Seng Index (07500.HK) $The turnover fell by 0.57% to HK $700 million.

• Hong Kong stock market rose by the top 10 ETF

Today, the top 10 ETF in the Hong Kong stock market are mainly the industry ETF and the Dow index ETF.

Performance of major ETF products in US stocks

U.S. stocks continued to rise on Friday, led by banks, with the Dow up 1.44%, regaining the 26000 mark, the Nasdaq up 0.66% and the S & P 500 up 1.05%.

$ProShares UltraPro 3 times Dow 30 (UDOW.US) $It rose more than 4% last Friday.Triple the S & P 500ETF-ProShares (UPRO.US) $It rose more than 3% last Friday.$NASDAQ triple long ETF-ProShares (TQQQ.US) $It rose by more than 2% last Friday.

ETF of US stocks related to listing on the Hong Kong Stock Exchange$Huaxia Direxion double look at the 07261.HK (Donna Index) $Increased by more than 4%, with a turnover of HK $4.96 million.$FI2 Warsaw 100 (07522.HK) $It fell nearly 4%, with a turnover of HK $20.5 million.

ETF performance of energy and precious metals

• OPEC and Russia will slow down the rate of production cuts, while the US oil market is down 2% before the market.

Us oil rallied after hitting a low on Friday, up nearly 3 per cent and down 2 per cent before trading today.Us crude Oil Fund (USO.US) $It rose 2.18% on Friday and fell 1.4% before trading.

OPEC+ sources said OPEC and Russia are expected to slow production cuts as global demand has recovered and oil prices have rebounded. Higher prices have prompted some US manufacturers to start drilling again, although the number of oil and gas rigs in operation hit a record low for the 10th week in a row.

In addition, OPEC+ will hold a joint ministerial meeting on Wednesday, and it is understood that OPEC+ is considering whether to maintain its production range of 9.6 million b / d for another month or restore some of its supply as planned, reducing production to 7.7 million b / d.

According to several delegates, as the recovery in demand made progress, they preferred the latter option.

• The spread of the epidemic in the United States accelerated, and the price of gold rose 0.7% before trading.

Gold prices rose again two days after the correction, with COMEX gold up 0.7 per cent as of press time.$Gold ETF-SPDR (GLD.US) $It fell 0.26% on Friday and rose 0.4% before trading.

It is reported that the number of people infected by novel coronavirus worldwide has exceeded 12.91 million and nearly 570000 people have died of the disease. The number of new cases of COVID-19 in Florida reached a record high of more than 15000 on Sunday.

In addition, the recent trend of the dollar index is also very weak, supporting the strength of gold prices to some extent.

Other ETF manifestations

• Last Friday, the US stock market rose by the top 10 ETF.

On Friday, the top 10 ETFs in the US stock market were mainly financial and energy sector ETF.

• A shares regained their upward trend, twice as long as Shanghai and Shenzhen 300ETF rose 37% in the month.

Today, after a brief brake on Friday, the strong rhythm of the A-share market did not cool down, and the CSI 300 index rose more than 2%.Double to long Shanghai and Shenzhen 300 (Direxion) (CHAU.US) $It rose more than 3% before trading and 37% in July.