Wednesday, November 26, 2008

Substantial short-term market interest rates to stimulate the recovery of high-order care

We all believe in the market down but also bottom 20 average will break support, the central bank is expected to put far more relaxed credit policy - demand deposits interest rate has been reduced by half, from 0.72 percent to 0.36 percent adjustment. And three, five-year deposit rates were also lowered the rate 117 basis points and 126 basis points higher than the corresponding rate of 108 basis points rate cut. Major positive catalyst that the stock market, the two cities Thursday to open sharply higher, reported the Shanghai Composite Index opened at 2012.69, up 114.80 points, or 6.05 percent, closing 2,660,000,000 yuan, Shen Chengzhi reportedly opened 6923.37 points, up 389.50 points, or 5.96 percent, closing 1,528,000,000 yuan. Shanghai stock market rose 805, a fall, the city of Shenzhen rose 675, a drop.

After the opening stock index opened higher rapid fall down, trading in Shanghai and Shenzhen, only 78 board, did not so much expected the market to do more greatly atmosphere.

Pu Zhang are the disk, and the decline in the standings Jilin Pharmaceutical was due to the termination of the two major asset reorganization. It is really turning point occur? First of all, we turn our attention to the news of the most direct impact on the real estate board, plate or up 8.18 percent, close to the limit more than 30 of which are the source of heaven and earth (600,665), Suning Universal (000,718), Hyde shares (000,567), Housing Development Days (600,322), and so on, and Vanke A time-sharing along the yellow line directly to the whereabouts of 10 minutes changing hands up to 2.38 percent, and the other leading Poly Real Estate (600048), K Line Line also a large, for - Hand up to 2.11 percent; and steel plate, and only Bayi Iron and Steel (600,581) more than 70,000 hand-sealed limit, according to the 2009 iron and steel industry investment strategy report that the expected macro-economic slowdown, China's crude steel Production will come to an end since 2002 to maintain double-digit growth. And predicted that domestic crude steel production in 2008 will reach 510,000,000 tons, up 4.11 percent, the output of China's crude steel output will be the peak of the stage. From the beginning of 2009, domestic crude steel output will be negative growth is expected to last until 2010.

Comprehensive disk, although this is the most in 11 years the central bank to cut interest rates substantially, but the continued decline in macro-economic facts are still in the short term can not immediately reverse the downward trend of macro-economic, and unresolved conflicts between supply and demand, the size of the non-ban After the sell-off pressure is still constrained the biggest obstacle to the market rebound. On the current market difficult to create a turning point in the short term. Investors should not be chasing.

No comments: