Market Review of August 11th

Trump insisted that US GDP growth would reach 20% in the third quarter, and that he would postpone the G7 until after the election, and that he would consider further tax cuts with the intention of abolishing payroll tax. Overnight US stocks split, with the Dow rising 1.3% to a half-year high, the Nasdaq down 0.39% and the S & P 500 up 0.27%. Airline stocks and cruise stocks rose collectively, while tourism stocks and gambling stocks rebounded across the board.

The Hang Seng Index rebounded strongly today, closing up more than 2%, consumer stocks were active, and gambling stocks, automobile stocks and inner housing stocks are now up.

Us stocks before trading: Dow futures up 1%

Us stock futures advanced by leaps and bounds. As of press time, Dow futures were up nearly 300 points, or 1%, the S & P 500 index was up 0.7%, and the Nasdaq futures were up 0.6%.

Performance of major ETF products in Hong Kong stocks

• The Hang Seng Index is up 2%, while the South double bullish Hang Seng Index is up nearly 4%.

Consumer stocks and some new economic stocks strongly led to a rise of more than 2% in the Hang Seng Index.$South double bullish Hang Seng Index (07200.HK) $It rose nearly 4%, with a turnover of HK $567 million.

• The CSI 300 index fell nearly 1%, while the South doubled short the CSI 300 and rose 1%.

A shares dived late in the day, spirits, food and beverages and other risk aversion sectors increased, and the CSI 300 index closed down nearly 1%.South double shorting Shanghai and Shenzhen 300 (07333.HK) $Up 1%, the turnover was HK $22.39 millionThe South is twice as long as Shanghai and Shenzhen (07233.HK) $The turnover fell 1.4% to HK $76.81 million.

• Hong Kong stock market rose by the top 10 ETF

The ETF of the top 10 gains in the Hong Kong stock market today is mainly long ETF of the Hong Kong stock index.

Performance of major ETF products in US stocks

Trump signed an executive order over the weekend to continue paying unemployment benefits to $400 a week from $600, while delaying payroll taxes. On the stimulus package, Treasury Secretary Mnuchin said on Monday that the White House was open to resuming a new round of bailout negotiations with Democrats, adding that'we are prepared to propose an increase in bailout funds at the negotiating table. Overnight US stocks diverged, with the Dow rising 1.3% to a half-year high, the Nasdaq down 0.39% and the S & P 500 up 0.27%.

$ProShares UltraPro 3 times Dow 30 (UDOW.US) $It rose 4% yesterday.Triple the S & P 500ETF-ProShares (UPRO.US) $It rose nearly 1% yesterday.$NASDAQ triple long ETF-ProShares (TQQQ.US) $It fell 1.35% yesterday.

ETF of US stocks related to listing on the Hong Kong Stock Exchange$Huaxia Direxion double look at the 07261.HK (Donna Index) $涨0.14%，

ETF performance of energy and precious metals

• Gold tumbled 2%, losing the $2000 mark at one point
  

COMEX gold, which began its pullback after hitting a new high on Aug. 7, tumbled 2% today, losing the $2000 mark at one point.$Gold ETF-SPDR (GLD.US) $It was down 0.3% yesterday and 1.4% before trading.

Data display$Gold ETF-SPDR (GLD.US) $It suffered an outflow of $382 million on Friday, Aug. 7, the largest withdrawal since March. The analysis points out that investors are choosing profit-taking, the financial attribute of gold is strengthened, and the follow-up need to guard against volatility risks. Admittedly, after two consecutive days of pullback, gold is still up 32% this year, making it one of the best performing assets in the world this year.$Gold ETF-SPDR (GLD.US) $The cumulative increase for the year also reached 33%.

At present, the total size of GLD is close to 82 billion US dollars, and it has attracted nearly 21 billion US dollars of capital inflows so far this year, and its "gold absorption capacity" ranks second in the US ETF market of 4.6 trillion US dollars.

• Saudi Arabia says demand improves by the end of the year, with US oil up more than 1%

WTI crude rose 1 per cent yesterday and rose more than 1 per cent before trading.Us crude Oil Fund (USO.US) $It was up 1% yesterday and 1% before trading.

Us Treasury Secretary Nuchin said he could reach an agreement with congressional Democrats on COVID-19 's aid bill as soon as this week. Saudi Aramco's claim that demand is improving has also boosted sentiment. Saudi Aramco's CEO said it was moving ahead with an increase in oil production capacity to 13 million b / d, which would have no impact on capital spending in 2021 and is expected to improve by the end of the year and return to mid-1990s levels by the end of the year.

Other ETF manifestations

• Overnight US stock market rose by the top 10 ETF

Overnight U. S. stock market gains in the top 10 ETFs are mainly long oil and gas production index ETF.