Market Review on August 10th

The July non-farm payrolls data released in the United States on Friday was better than expected, and the unemployment rate fell to 10.2%. However, there were great differences in the US government's new round of fiscal stimulus negotiations. The three major indexes of US stocks were mixed. The Dow closed up 0.17%, the Nasdaq fell 0.87%, the S & P 500 index rose 0.06%, US financial stocks rose collectively, and large technology stocks fell across the board.

The Hang Seng Index opened lower and closed lower today, while new economy stocks continued to be weak, with Tencent down nearly 5 per cent.

Us stocks pre-market: futures index rose slightly

Before today's trading, the US stock futures index rose slightly. As of press time, Nasdaq futures were flat and volatile, with Dow futures up 0.34% and S & P 500 futures up 0.13%.

Performance of major ETF products in Hong Kong stocks

• The Hang Seng Index fell 0.6%, while the South double bearish Hang Seng Index rose 1%.
  

New economic stocks and Apple Inc concept stocks suffered setbacks, dragging the index lower again after rebounding, and the Hang Seng Index fell 0.6%.$South double bearish Hang Seng Index (07500.HK) $Up 1%, the turnover was HK $523 millionSouth double bearish Hang Seng Index (07300.HK) $It rose 0.54%, with a turnover of HK $15.01 million.

• The CSI 300 index rose 0.36%, and the CSI 300 index rose 0.4% when the South was twice as long.
  

A shares are mainly volatile today, but the weights of securities, insurance and banks are relatively strong, with the CSI 300 index up 0.36%.The South is twice as long as Shanghai and Shenzhen (07233.HK) $The turnover increased by 0.41% to HK $57.58 million.South double shorting Shanghai and Shenzhen 300 (07333.HK) $The turnover fell 0.6% to HK $42.34 million.

• Hong Kong stock market rose by the top 10 ETF

Today, the ETF of the top 10 gains in the Hong Kong stock market is mainly short-selling ETF.

Performance of major ETF products in US stocks

Us Treasury Secretary Steven Mnuchin said on Friday that no progress had been made in negotiations between the White House and Democrats on a new stimulus package. On Friday, the three major indexes of US stocks were mixed, with the Dow up 0.17 per cent, the Nasdaq down 0.87 per cent and the S & P 500 up 0.06 per cent.

Last Friday$ProShares UltraPro 3 times Dow 30 (UDOW.US) $、Triple the S & P 500ETF-ProShares (UPRO.US) $A slight rise$NASDAQ triple long ETF-ProShares (TQQQ.US) $It fell by more than 3%.

ETF of US stocks related to listing on the Hong Kong Stock Exchange$Huaxia Direxion double look at the 07261.HK (Donna Index) $Down 2%, the turnover was HK $3.99 million$FI2 Warsaw 100 (07522.HK) $The turnover increased by 2% to HK $9.58 million.

ETF performance of energy and precious metals

• Gold fell sharply last Friday and rebounded today
  

Last Friday, after the U.S. Department of Labor released better-than-expected non-farm payrolls data for July, the dollar index rebounded. At one point, COMEX silver fell more than 5%. At one point, Comex gold fell 2%, and closed down more than 1%. Today, COMEX gold rebounded and is now up 0.6%.$Gold ETF-SPDR (GLD.US) $It fell 1.6% last Friday.

If a new stimulus package is not reached as expected, there may be a new round of massive corporate layoffs in the United States. Before the substantial and broad stimulus package is reached, employment and pointing out that the data are still likely to weaken, there is uncertainty about the future of gold, and a new counterattack may not be impossible.

Citi released its latest forecast that the price of gold would hit $2100 an ounce in the third quarter and could rise to $2300 an ounce in the next six to 12 months; the risks to gold prices are mainly upside.

• OPEC releases good news from major oil-producing countries, US oil is up more than 1%

The WTI contract rose more than 1 per cent in September on Saudi optimism about Asian demand and Iraq's pledge to boost production cuts, although uncertainty over the fiscal plan for a US economic recovery and a combined writedown of nearly $50 billion by the world's top five oil companies in the second quarter damped the rally.Crude Oil Index ETF-ProShares DJ-UBS double long (UCO.US) $It was up more than 1% before trading.

Other ETF manifestations

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

The top 10 ETFs in the US stock market on Friday were mainly short precious metals and long natural gas ETF.

Among them$ProShares Super Bloomberg Natural Gas ETF (BOIL.US) $It rose more than 51% last week. Demand for natural gas has been suppressed and hit this year, and global exports of liquefied natural gas have fallen for months, a trend that began to reverse last week.

Natural gas futures rose 16% on Aug. 3 and have risen for many days since then. The rise in natural gas is mainly due to a rebound in demand for natural gas in the United States, where the hot climate in midsummer has supported considerable demand for natural gas power generation and cooling. Recent long-term weather forecasts show that at least until mid-August, temperatures in most parts of the United States may be higher than normal, and natural gas demand is expected to remain high.