One week scan:
Epidemic situation: the number of new confirmed cases in Europe and the United States has increased significantly. In the last week, about 4.348 million and 44000 new confirmed cases and deaths of covid-19 pneumonia were recorded worldwide. Compared with the previous week, the new confirmed cases increased by 3.9% and the new deaths decreased by 6.4%. In view of the surge of covid-19 mutant virus Omicron infection cases and the rising number of hospitalizations, Sadik Khan, mayor of London, announced that London had entered a "major accident" state.
Overseas: the "better reconstruction" bill is blocked, and European inflation may decline. U.S. Democratic Senator manqin made it clear that he opposed Biden's $1.75 trillion "better reconstruction" bill. Manqin's vote will be related to whether the bill can be passed, while Biden expressed the hope to find a way to reach an agreement with manqin. Both ECB president Lagarde and Management Committee Holzman expect inflation to decline steadily in 2022. The US population grew by only 0.1%, the lowest growth rate ever. The core PCE price index of the United States in November rose 4.7% year-on-year, the highest since 1989.
Price: Shenzhen Agricultural Products Group Co.Ltd(000061) the wholesale price decreased and the international oil price differentiated. The Shenzhen Agricultural Products Group Co.Ltd(000061) wholesale price 200 index of the Ministry of agriculture fell month on month this week. This week, international oil prices were divided, China Shipbuilding Industry Group Power Co.Ltd(600482) coal prices fell and rebar prices rebounded.
Liquidity: the capital interest rate fell and the US dollar index fell. Dr001's weekly mean decreased by 28.9bp month on month, and dr007's weekly mean decreased by 19.5bp month on month. The average dollar index fell to 96.3.
Performance of major categories of assets: European and American markets rebounded and treasury bond interest rates fell. This week, the European and American markets rebounded across the board, and A-Shares corrected somewhat. In terms of China's rights and interests, agriculture, forestry, animal husbandry and fishery led the rise. The weekly average yield of 10-year Treasury bonds fell by 1.9bp this week.
Risk tip: policy changes, economic recovery is less than expected.
