View of Sichuan finance overseas week:
In the past week, the delta mutant strain spread rapidly around the world, while the vaccination rate of covid-19 vaccine did not meet expectations. The epidemic situation in the United States and Europe became more and more serious, and the number of newly confirmed cases and deaths increased significantly within a week. In order to cope with the deteriorating covid-19 epidemic, Austria announced that it would implement a comprehensive blockade next Monday, while Germany also said that if the epidemic could not be effectively controlled or a comprehensive blockade was implemented, European countries successively introduced a number of restrictive measures, which raised market concerns about the prospect of future economic recovery. The market worried about the impact of the slowdown of economic recovery on oil demand, superimposed on the impact of the United States and other oil producing countries or releasing oil inventories as soon as possible, and restrained the continuous rise of international oil prices. The contract of us oil closed at US $75.68/barrel in December, down 6.33% in the week, and the contract of oil distribution closed at US $78.45/barrel in January, down 4.34%. The sharp drop in oil prices dragged down the traditional energy sector. The energy sector of US stocks generally fell this week. The S & P 500 energy industry fell 5.22% during the week, and the Dow Jones US oil and gas sector fell 4.87%. In the United States, US President Biden signed the infrastructure bill and promised to invest 100 billion US dollars to support the development of clean energy. Enterprises in the new energy sector successively released the third quarterly report. The sales volume of new energy vehicles rose sharply in the third quarter, and the profit exceeded expectations. With the financial support of the government, the new energy industry has ushered in significant benefits.
Weekly performance of overseas markets: this week, major stock indexes in overseas markets rose and fell. In the United States, the NASDAQ index rose 1.24%, leading the gains, the S & P 500 index rose 0.32%, and the Dow Jones Industrial Average fell 1.38%. Most major European indexes rose, with the UK FTSE 100 index down 1.69%, Germany's DAX index up 0.41% and France's CAC40 index up 0.29%. In emerging markets, the main indexes fell deeply. Brazil's ibovespa index fell significantly during the week, down 3.10%, and India's sensex30 index fell 1.73%.
US stock market: this week, the Dow Jones industrial index closed at 35601.98 points, down 1.38%, the S & P 500 index closed at 4697.96 points, up 0.32%, and the NASDAQ index closed at 16057.44 points, up 1.24%. In terms of industries, most industries in the S & P 500 index fell. Among them, the S & P 500 energy industry, the S & P 500 financial industry and the S & P 500 housing materials industry fell deeply, down 5.22%, 2.82% and 2.00% respectively; In terms of Dow Jones industry, Dow Jones U.S. oil and gas sector fell the most, down 4.87%, and Dow Jones U.S. technology sector rose significantly, up 2.09%.
Hong Kong Stock Market: Hang Seng Index closed at 25049.97 points this week, with a cumulative decline of 1.07%; Hang Seng China enterprise index closed at 8970.67, down 1.58% in total; Hang Seng Hong Kong Chinese enterprises index closed at 3852.65, up 1.07%.
Overseas trends:
Economic tracking: the number of initial jobless claims in the week of November 13 in the United States was lower than the previous value; The number of Americans receiving unemployment benefits on November 6 was lower than the previous value; The PMI value of Markit manufacturing industry in the United States in October was lower than the previous value; The PMI value of Markit service industry in the United States in October was higher than the previous value.
Policy event: the governor of the Central Bank of Brazil said that the market expected global inflation to rise further; The Central Bank of Pakistan raised its main interest rate to 8.75%; European Central Bank President Lagarde said not to tighten policy too early.
Risk tip: economic growth is less than expected; The escalation of trade conflicts exceeded expectations; Global black swan event.
