Follow up comments
Last Friday, European and American stock markets rebounded sharply, and the three major stock indexes of the United States rose collectively. The Dow Jones Industrial Average closed at 3405875, up 2.51%; The S & P 500 index closed at 438465, up 2.24%; The Nasdaq composite index closed at 1369462, up 1.64%. On the news front, on Friday, the press secretary of the Russian president said that Putin would send a delegation to Minsk to negotiate with Ukraine. The press secretary of the Ukrainian president said that Ukraine had agreed to the proposal of Russian President Vladimir Putin and was ready to negotiate a ceasefire and peace. Geopolitical tensions have shown some signs of easing, and market sentiment has picked up. In terms of industry, the technology sector rose collectively, and Amazon rose 1.61%; The banking sector rose collectively, and Bank of America rose 3.28%; Most of the popular Chinese stocks rose, while copper rose 38.89%. The PCE price index of the United States in January rose 6.1% year-on-year, and the previous value rose 5.8%; The core PCE price index rose 5.2% year-on-year in January. PEC price index and core PCE price index both recorded the largest monthly year-on-year increase in nearly 40 years, increasing the pressure of the Federal Reserve to raise interest rates.
In Hong Kong, the three major stock indexes in Hong Kong rose and fell on Monday. Hang Seng Index closed at 2271302, down 0.24%; Hang Seng China enterprise index closed at 802393, up 0.4%; Hang Seng Hong Kong Chinese enterprises index closed at 420899, up 0.98%. In terms of industry, the real estate sector fell sharply, and rongchuang China fell 16.34%; The performance of automobile sector was weak, and Great Wall Motor Company Limited(601633) fell 7.4%.
Policy highlights
\u3000\u30001. Central Bank of Belarus: raise the target interest rate from 9.25% to 12%. （Wind）
\u3000\u30002. Bank of Russia: raise the benchmark interest rate from 9.5% to 20%. （Wind）
Company dynamics
\u3000\u30001. Norwegian national oil company (equinor): local time said on the 28th that during the conflict between Russia and Ukraine, the company will begin to withdraw its capital from its joint venture in Russia. By the end of 2021, Statoil's non current assets in Russia were worth about US $1.2 billion (about RMB 7.6 billion). The company expects the divestment to lead to impairment. （Wind）
\u3000\u30002. NiO. N: announced on the Hong Kong Stock Exchange on February 28 that it has applied for the second listing of class a common shares on the main board of the Hong Kong Stock Exchange in accordance with Article 8.05 (3) of the Hong Kong listing rules, chapter 19C (second listing of qualified issuers) and chapter 8A (different voting rights). The listing of class a ordinary shares is only conducted on the main board of the stock exchange of Hong Kong by way of introduction, and no shares are issued or sold in connection with the listing. （Wind）
Risk tips
Economic growth was less than expected
The spread of trade protectionism
Fed policy exceeded expectations
