Key points of the report
The national Standing Committee identified five cross cycle adjustment measures, including strengthening policy support for import and export, further encouraging the development of new foreign trade formats such as cross-border e-commerce, strengthening supporting services for enterprises, alleviating international logistics pressure, and actively carrying out trade adjustment assistance. The main role of these measures is to promote the steady development of foreign trade. At present, China's exports are generally good, but in the future, with the mitigation of overseas epidemic and the recovery of overseas supply, China's exports may decline. Considering the recent spread of mutated virus, it is expected that the recovery of overseas supply will still take time. Coupled with the implementation of measures related to stabilizing foreign trade at the national standing committee, it is expected that China's export growth is still expected to maintain a high level in the coming months.
Summary:
Asset performance and capital changes:
China's top five commodity gains and losses: pulp 4.12%, lpg3.5% 76%, fuel 2.97%, styrene 2.93%, low sulfur fuel 2.92%; Manganese silicon - 0.64%, soda ash - 0.52%, ethylene glycol - 0.20%, vegetable oil - 0.18%, egg - 0.15%
The top five (100 million yuan) of precipitation capital inflow and outflow: soybean meal 2.93, Shanghai zinc 2.40, Shanghai nickel 2.07, thread 1.75 and apple 1.53; Iron ore-0.88, styrene-0.81, corn-0.76, zhengtang-0.60, methanol-0.51
Inflow and outflow of precipitation funds from the sector (RMB 100 million): 18.89 million for non-ferrous metals, 5.92 million for energy and chemical industry, Shenzhen Agricultural Products Group Co.Ltd(000061) 4.83 million, 2.84 million for black building materials and 160 million for precious metals
Important news and economic data:
Premier Li Keqiang chaired an executive meeting of the State Council to determine cross cyclical adjustment measures to promote the stable development of foreign trade.
In November, the core PCE price index of the United States increased by 4.7% year-on-year, is expected to increase by 4.5%, the previous value increased by 4.1%, the month on month increase of 0.5%, the expected increase of 0.4%, and the previous value increased by 0.4%.
The number of initial claims for unemployment benefits in the United States in the week to December 18 was 205000, which is expected to be 205000, compared with the previous value of 206000; The number of people who continue to apply for unemployment benefits is 1.859 million, which is expected to be 1.82 million, compared with the previous value of 1.845 million.
Us personal expenditure in November rose 0.6% month on month, expected to rise 0.6% and the previous value rose 1.3%; In November, durable goods orders increased by 2.5% month on month, and are expected to increase by 1.6%. The previous value decreased by 0.4% and was revised to increase by 0.1%.
The total number of new home sales in the United States in November was 744000, with an expected 770000. The previous value was revised from 745000 to 662000.
Risk tip: transmission of Omicron mutant virus
