April 29th Market Review
Us consumer confidence fell to a nearly six-year low in April, it was announced yesterday. All three major indexes of u.s. stocks closed down overnight, with the Dow down 0.13%, the s & p 500 down 0.52% and the Nasdaq down 1.40%. Large US technology stocks suffered a collective setback, dragging down major stock indexes.
The Hang Seng Index closed up 0.28% today, with steel stocks, power stocks, automobile stocks, property stocks and other sectors leading the gains, while application software, agricultural stocks and other sectors fell significantly.
Before US Stock Market: futures Index strengthens
Us stock futures were strong before trading. As of press time, Dow futures rose 0.81%, S & P 500 index rose 0.96%, and Nasdaq futures rose 1.16%. It is worth noting that the Fed will announce its April interest rate decision in the early hours of tomorrow morning.
Performance of major ETF products in Hong Kong stocks
The Hang Seng Index rose slightly by 0.28%, and the Hang Seng Index closed flat by twice the bullish view in the south.
The Hang Seng Index rose 0.28%.$South double bullish Hang Seng Index (07200.HK) $It closed flat. At one point, it rose by more than 2%, with a turnover of HK $638 million.South double bearish Hang Seng Index (07300.HK) $The turnover fell 0.17% to HK $10.82 million.$South double bearish Hang Seng Index (07500.HK) $The turnover fell 0.14% to HK $926 million.
Hong Kong stock market rose by the top 10 ETF
The top 10 gains in the Hong Kong stock market today are mainly crude oil-related ETF, of which$F Samsung crude Oil period (03175.HK) $Up 2.91%, the turnover reached HK $111 million$FGX crude (03097.HK) $The turnover rose 2.48% to HK $1.49.
Performance of major ETF products in US stocks
All US stocks closed down overnight, while long index ETF fell collectively.$NASDAQ triple long ETF-ProShares (TQQQ.US) $It's down more than 5%.
In today's pre-market session, the US stock index strengthened before the day.$NASDAQ triple long ETF-ProShares (TQQQ.US) $Increase by more than 5%Triple the S & P 500ETF-ProShares (UPRO.US) $It's up more than 4%.
ETF of US stocks related to listing on the Hong Kong Stock Exchange$Huaxia Direxion double look at the 07261.HK (Donna Index) $The turnover closed down 1.32% to HK $9.73 million.$FI2 Warsaw 100 (07522.HK) $It closed up 1.29%, with a turnover of HK $23.12 million.
In terms of economic data, the United States will release the initial value of the actual annualized quarterly rate of GDP in the first quarter. The expected market value is-4%, compared with the previous value of 2.1%.
In addition, the Fed will announce its interest rate decision in the early hours of tomorrow morning.According to CME Fed Watch, there is a 100% chance that the Fed will keep its current interest rate in the 0.25% range.
ETF performance of energy and precious metals
The production reduction agreement is about to be implemented, and the oil price will "explode" in place.
After falling more than 20 per cent yesterday, the main company of WTI crude oil sharply narrowed its decline to about 3.5 per cent, followed by repeated rises and falls before closing down 3.4 per cent. WTI crude oil opened high today. As of press time, it rose 14.75% to US $14.16.
On the face of the newsThe news of the explosion of oil tankers in Syria has made the market pay attention to the situation in the Middle East again.In addition, the previously released API report showsUs crude oil stocks rose 9.98 million barrels to 510 million barrels last week, with an expected increase of 10.6 million barrels; gasoline stocks decreased by 1.11 million barrels; refined oil stocks increased by 5.46 million barrels.
And it is worth noting that according to the production reduction agreement reached by OPEC + on April 13,Starting from May 1, 2020, OPEC + cut its total crude oil production by 9.7 million barrels per day for a period of two months.
$double long Energy ETF-Direxion (ERX.US) $It was up 4.7% yesterday and more than 5% before trading today.Us crude Oil Fund (USO.US) $It was up 2.99% before the session.
Market source: Futu Securities >
According to previous reports, Mohamed Alqab, chairman of OPEC and Algerian energy minister, said that with the implementation of the OPEC+ production reduction agreement and the gradual lifting of the global blockade in the second half of 2020, crude oil prices will gradually begin to recover, "when the third quarter will reach 40 US dollars per barrel."
Gold prices fell slightly, double long gold ETF fell nearly 1%
Spot gold prices fell 0.4% yesterday.Double short gold ETF (ProShares) (GLL.US) $涨0.83%，Double long gold ETN (PowerShares) (DGP.US) $、Double long gold ETF (ProShares) (UGL.US) $It fell by nearly 1%. Gold prices continued to sort out today, as of press time, the spot gold price fell 0.17%, or $2.89, to $1705.
Other ETF manifestations
Overnight US stock market rose by the top 10 ETF
The top 10 ETF gains in the overnight US stock market were mainly Brazil-related ETF and the Dow Jones US Select Residential Construction Index ETF, of which$Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL.US) $Close up by nearly 20%$Direxion daily Brazil bullish twice as much stock (BRZU.US) $It closed up more than 12%.
Futures index rose before trading, double long panic index ETF fell more than 6%
Us stocks closed down slightly overnightS & P 500 volatility Index (.VIX.US) $It closed up 0.84%. In pre-market trading today, the US stock index rose.$VelocityShares daily double volatility index (TVIX.US) $It was down more than 6% before trading.$ProShares Ultra VIX short-term futures ETF (UVXY.US) $跌5%。
