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周评:风险资产本月领涨 年末美股仍有上升空间

Weekly review: Risk assets lead the way this month, and US stocks still have room to rise at the end of the year

新浪财经 ·  Nov 30, 2019 16:00
Clue Clues | Rational investment 

U. S. stocks rebounded this week, hitting an all-time high in mid-week.Dow.DJI)、S & P 500 index.INX)、Nano-finger.IXIC) increased by 0.63%, 0.99% and 1.71%, respectively. Us stocks are closed for the Thanksgiving holiday on Thursday and the first half of Friday.

Global stock markets (ACWI(ups and downs vary. The dollar-priced FTSE emerging Markets Index ETF (VWO) fell 0.43% in the week, falling for three consecutive weeks. In terms of non-American developed markets, MSCI euro zone ETF (EZU) up 0.1%, down only last week in the past eight weeks. MSCI UK ETF (EWU) is up 1% and has risen in five of the past six weeks. MSCI Japan ETF (EWJ) fell 0.24%, falling for two consecutive weeks.

Shanghai and Shenzhen stock marketsPrev index000001) it closed at 2871.98 on Friday, down 0.46% this week and falling for three consecutive weeks.Gem Index399006) fell 0.89 per cent in the week.

China's manufacturing purchasing managers' index (PMI) was 50.2 in November, returning to expansion after falling below the tipping point for six consecutive months, up 0.9 percent from the previous month and above market expectations of 49.2 percent, the National Bureau of Statistics said today.

Hang Seng IndexIt closed at 26346.49 on Friday, down 0.93% this week.Alibaba09988) returned to Hong Kong for a second listing this week, with a cumulative increase of 12.73%. At present, the total market capitalization exceeds 4 trillion Hong Kong dollars.Tencent00700To become the king of the market capitalization of Hong Kong stocks

Foreign exchange marketDollar indexDXY) it closed at 98.27 on Friday, unchanged from last week.

SterlingAgainst the dollar (GBP/USD) it closed at 1.2928 on Friday, a weekly increase of 0.77%. British Prime Minister Boris Johnson (Boris Johnson) said Thursday that Britain would leave the European Union by January 31 at the latest if the Conservatives win a majority in the general election in two weeks' time, Reuters reported. This is consistent with his previous argument.

This weekEuroAgainst the dollar (EUR/USD) is basically the same as last week. Fitch International (Fitch) issued a report on the 29th, warning that the eurozone is caught in a vicious circle of low growth and high debt, which could trigger a series of government bond downgrades.

The report believes that euro-zone countries may repeat the deflationary "mistakes" of Japan since the 1990s. Greece, Italy and Portugal are the riskiest.

Us 10-year Treasury bondThe yield closed at 1.78% on Friday, up 1BP every week. Implied market expectations of an interest rate hike in the 2-year Treasury yield closed at 1.61%.

On the 27th local time, the Federal Reserve (Fed) released its economic beige book (Beige Book). The beige book is slightly optimistic about the economic situation, saying: "the outlook is still optimistic, and some industry insiders expect the current growth rate to continue into next year."

The beige book, which generally reflects the current economic situation in 12 Federal Reserve regions of the United States, is published eight times a year. The Fed's beige book is the last of the year.

COMEXFuture goldGCThe main contract closed at $1470.65 an ounce on Friday, up 0.63% a week, fluctuating near this position for three consecutive weeks.

Friday, the international benchmark ICEBrent crude oilFutures (OIL) the main contract closed at $60.69, down 4.33% a week, ending three consecutive weeks of gains. NYMEXWTI crude oilFutures (CLThe main contract closed at $55.38, down 4.34% for the second week in a row.

It is worth noting that international oil prices plunged nearly 5% on Friday. This is mainly because investors are sceptical about whether the existing crude oil production reduction agreement will be approved and extended at next week's OPEC meeting. At the same time, the market is keeping an eye on the latest developments in international tensions and continues to digest US crude oil inventory data and drilling volume reports released on Wednesday.

Since October, demonstrations have broken out in many parts of Iraq to protest against government corruption, poor service and high unemployment. Agence France-Presse said on the 29th that the protest was the largest and deadliest in Iraq in decades, killing more than 400 people and injuring 15000 in the capital and the Shiite Muslim-majority southern region. Iraqi Prime Minister Abdul Mehdi announced his resignation on the 29th.

Us crude oil production rose 66000 b / d to 12.463 million b / d in September, a record high, according to a monthly report released by the US Energy Information Administration (EIA) on Friday. Production in August was revised up by 32000 b / d to 12.397 million b / d.

American oil suit Baker Hughes (BHGEFigures released show that the number of active oil rigs in the United States fell by three to 668 in the week ended November 27, the sixth consecutive week of decline and the lowest since April 2017. In November, the number of active oil rigs in the United States decreased by 28, which has been recorded for the 12th month in a row, setting a new record for the longest monthly decline cycle. Although the number of active oil rigs continues to decrease, crude oil production in the United States has repeatedly reached new highs due to the improvement of rig efficiency.

The translation is provided by third-party software.


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