Monday, November 17, 2008

Prev heavyweights plunged after 1900 was lost to the customs

Heavyweights decline further in the afternoon, to continue to test the market, lack of confidence in the market, the earlier transaction has been set to shrink. Followed by rapid market diving, 2:17, customs Prev below 1900. As of 2:34, reported Prev 1922, down 107 points.

On the surface, nearly 1600 stocks fell, the heavyweights continue to fall. All plates are down, coal chemical industry, nonferrous metal, agriculture, real estate plate close to daily limit, a serious drag down the market.

Prev reported today opened 2020.99 points, down 9.50 points, or 0.47 percent, Shen Chengzhi reportedly opened 6727.51 points, down 55.52 points, or 0.82 percent. As of early closing, the newspaper Prev 1982.87 points, down 47.62 points, or 2.35 percent; Shen Chengzhi newspaper 6565.13 points, down 217.90 points, or 3.21 percent.

Insurance: insurance companies to encourage investment in capital markets

China Insurance Regulatory Commission Web site yesterday that the author, in order to implement the Party Central Committee and State Council to expand domestic demand and economic growth policies and measures to encourage insurance companies to invest directly or indirectly, capital markets, insurance agencies to play as a long-term institutional investors, advantages and promote the capital market stability .

Central Bank: the use of innovative tools to ensure market liquidity

17 in the central bank issued the "2008 third quarter monetary policy report on the implementation of" that the situation will change in time to start running sound economic and financial security of the response plan. In addition, an appropriate time to reduce the open market operations, and make full use of TAF (duration of the auction tool), and other tools of temporary liquidity problems of financial institutions to provide financial support.

Authoritative source: no longer the China Banking Regulatory Commission on the details of a mortgage

Recently, this reporter learned from authoritative sources Agency, the China Banking Regulatory Commission some time ago not to argue a lot of new bank loans and then the rules of the new rules. Prior to this position in accordance with the central bank, commercial banks will each own risk tolerance, for loans to grasp.

China to the world economy, the contribution rate rose to 14.5 percent

National Bureau of Statistics released on the 17th of reform and opening up 30 years of economic and social development achievements of the 16 series of reports to show detailed data since the reform and opening, with the rapid development of China's international standing and influence there has been a fundamental historical Changes in the world economic arena has played an increasingly important role.

Bank report: the financial crisis led to the slowdown in the growth of developed economies

People's Bank of China issued 17 in the third quarter monetary policy implementation report points out that the financial crisis in the follow-up to the decision of the global economy will continue to be the future direction of the core factors. In the third quarter of the U.S. economy has begun to shrink affected, plus the in-house upgrade of the financial crisis, many European countries face the dual challenge of other developed economies, growth prospects will continue to dim.

New Deal to stimulate the economy to see more enthusiasm for the new A shares granted QFII accounts lightning

To stimulate economic development in the policies of ten, led by shares A few days out of the long rebound of the market. For this wave of "market", significantly more than domestic funds carefully, but in the near future the performance of the QFII, on the A-share market is not only positive, "to sing," and also appears to be very active trading.

4,000,000,000,000 A shares pushed up 16.2 percent long-term risk factors are still

State Department launched the 10 measures to stimulate domestic demand, 4,000,000,000,000 investment to stimulate economic program could be described as "one stone Mottaki." Boost by the news, A-share market continued to rise strongly, from Nov. 10-17, the SSE Composite Index reached a 16.2 percent increase, and last week is a record since the December 1996 implementation of the system daily limit up since the first Or three weeks.

Admission Prev off their funds back on 2000 points

For afternoon, the bodies of the middle market began to raise the degree of recognition, one after another over-the-counter funds entering the market as well as the restoration of confidence is expected to make the A shares out of the real wave of independent market. However, short-term point of view, recently led the main varieties of hot money or speculation.

321 stocks rose and a half Super 30%

The market yesterday continued the trend of last week's rebound, the index points to more than 2000 points, more than one after another outbreak of the plate, since the Oct. 28 date, 321 stocks rose over 30%.

The center line into a multi-agency look at the mainstream point of view

From the previous information, led the early rebound of the market is hot money, funds, insurance funds seems to be the main force is still in wait-and-see pessimism. China Merchants Securities analyst Zhou Yong of the view that, in turn, it is precisely this wave rebound before the end of the market, the fund may be sustained in the final of the Bi Kong market "multi-somersault." Therefore, the early leader in the rebound plate, as well as finance, real estate funds, and other core products, since there may be more.

A re-stock on the 2000 mid-point rebound in the establishment of

Inadvertently, A shares have returned to the "two times." Yesterday, the SSE Composite Index rising for a further period, and closed at 2030.48 points. The last 7 trading days, the Shanghai and Shenzhen stock index 6 Yin Yang 1, the largest increase by nearly 20%. Moderate market turnover also released. The last three trading days, total turnover in both Shanghai and Shenzhen in the hundreds of billions of dollars more than show off their admission funds.

CITIC Securities: good policy to continue to pull plate

Compared to the previous several policy initiatives, although this is not directly related to capital markets, but the utility is the largest, to a certain extent, ease the demand on the rapid decline caused by pressure on corporate profits. And plans to stimulate the economy directly related to building materials, steel, construction machinery rose sharply last week, the last Friday of consumer goods also Buzhang. We expect short-term market will have to implement programs to stimulate the economy continue to rebound.

U.S. stocks closed lower Monday the Dow closed down 223 points

As of the close (5:00 am Beijing time), the Dow Jones Industrial Average fell 223.73 points to close at 8273.58 points, or 2.63 percent. Citigroup ready to lay off 50,000 people, Japan has become another country into recession, investors have the information on the global macroeconomic more uneasy.

New York crude oil futures Monday a 21-month closing low

New York Mercantile Exchange (NYMEX) 12 month price of light sweet crude oil futures closed down 2.09 U.S. dollars, reported 54.95 U.S. dollars a barrel, or 3.3 percent, since January 29, 2007 the lowest level since closing price. And on July 11 at the touch compared to the record high 147.27 U.S. dollars a barrel has been dropped by 63%.

Citigroup recent layoffs to be about 5 million people

Citigroup plans to cut more than 50,000 employees, and expenses from its record high of 20% reduction, due to slow economic growth and global credit conditions have led to the deterioration of the group suffered setback.

Monday European stock markets plunged down financial shares

European stock markets lower Monday. Global economic growth prospects for many of the bad news, the banking industry decline in heavy plate, leading European stock market of the five most recent trading day since the fourth down.

The major indexes ended mixed Monday in the Asia-Pacific

U.S. stocks fell last Friday by the impact of major Asia-Pacific stock markets down most of Monday. Mainland China Shanghai and Shenzhen stock markets continue rising, prices continue to go independent. Japan's stock market closed slightly higher, Taipei, South Korea stock market decline less than 1% of the Australian stock sales, a record low of the past four years.

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