One week scan:
Epidemic situation: the global epidemic continues to rebound, and many countries have tightened epidemic prevention measures again. In the last week, the new diagnosis of covid-19 pneumonia increased by 5.6% and the new death increased by 8.5%. Demonstrations were held in many places in Europe, and people protested against the restrictive measures implemented by the government to curb the spread of covid-19 virus. Britain will require people to wear masks in public places and force people to show vaccine passes when entering nightclubs and crowded places. New York City will introduce new vaccination regulations. All employees of private enterprises must be vaccinated before they can work. The effectiveness of the existing vaccines against the Omicron variant is weak. Vaccine coverage increased slightly in some countries.
Overseas: US CPI hit a year-on-year high in recent 40 years. The U.S. Senate and house of representatives have passed legislation that allows the Senate to raise the U.S. debt ceiling with a simple majority vote. The US House of Representatives voted to approve the change of the London Interbank Offered Rate (LIBOR) in the existing financial contracts. Olaf Scholz, the candidate for Chancellor of the German Social Democratic Party, was officially elected as the German Chancellor. The US CPI in November hit a new high year-on-year since 1982. The number of job vacancies in the United States rebounded again and the turnover rate began to fall.
Prices: Shenzhen Agricultural Products Group Co.Ltd(000061) wholesale prices fell and international oil prices rebounded. The Shenzhen Agricultural Products Group Co.Ltd(000061) wholesale price 200 index of the Ministry of agriculture fell month on month this week. The international oil price rebounded this week, China Shipbuilding Industry Group Power Co.Ltd(600482) coal was the same as last week, and the price of rebar rebounded.
Liquidity: the capital interest rate is divided, and the US dollar index is up. Dr001’s weekly mean value increased by 2.4bp month on month, and dr007’s weekly mean value decreased by 1bp month on month. The average dollar index rose to 96.2.
Performance of major categories of assets: the European and American markets rose across the board, and the interest rate of treasury bonds fell. European and American markets rose across the board this week, led by Dow Jones, S & P 500 and NASDAQ. Shanghai and Shenzhen 300 rose compared with last week, and the gem index fell slightly. In terms of China’s rights and interests, leisure services led the rise. The weekly average yield of 10-year Treasury bonds fell 0.1bp this week.
Risk tip: policy changes, economic recovery is less than expected.
