Weekly view of financial futures
Weekly view
Stock index futures: shock downward
In January 2022, China’s manufacturing PMI and non manufacturing PMI fell. The US employment data is strong, superimposed on the record high and higher than expected us CPI in January, and the expectation of US interest rate hike is constantly strengthened. The gradual rise in US bond yields has led to pressure on the equity market. Russia and Ukraine have upgraded geographically, the demand for hedging has surged, and their rights and interests are also under pressure. Stock index futures are expected to fluctuate downward.
Treasury bond futures: range shock
China’s social finance increased by 6.17 trillion yuan in January, far exceeding expectations; New RMB loans reached 3.98 trillion yuan. M2 increased by 9.8% year-on-year, and the m2-m1 scissors difference widened. Social finance is relatively strong, pointing to projects with steady growth, and the financing demand has initially rebounded. Treasury bond futures are expected to fluctuate in the range.
