The epidemic has disturbed the economy, and efforts to stabilize growth may increase
On April 2, vice premier sun Chunlan rushed from Jilin to Shanghai on the morning of April 2 to investigate the epidemic prevention and control. Sun Chunlan stressed that we should adhere to the general policy of "dynamic clearing", be firm and resolute, act quickly and effectively, implement the decisions and arrangements of the CPC Central Committee and the State Council on epidemic prevention and control, and step up the promotion of inspection, collection, separation and treatment. Relevant departments should give full play to their respective functions and professional advantages, and mobilize resources and forces such as testing ability, medical personnel and prevention and control materials, We will strongly support the prevention and control work in Shanghai and work together to win this big battle as soon as possible.
The current round of China's epidemic has caused great pressure on epidemic prevention and control in important cities such as Shenzhen and Shanghai. The PMI data in March has taken the lead in reflecting the impact of the epidemic on the economy, especially on demand. On March 30, the national standing committee meeting stressed that "we should stick to the goal and put steady growth in a more prominent position". Under the impact of the epidemic, the demand for steady growth may be higher and the strength of policies may be increased. After the epidemic is alleviated, the main line of steady growth still deserves attention.
The United States and Europe are expected to announce new sanctions against Russia on the 6th
According to China Central Television News, on April 5 local time, White House spokesman pusaki said at a briefing that the United States, the European Union and the group of seven are expected to announce new sanctions against Russia on April 6, including banning all new investment in Russia, increasing sanctions against Russian financial institutions and state-owned enterprises, as well as sanctions against Russian government officials and their family members. Pusaki pointed out that the United States will also prohibit Russia from using U.S. bank reserves to repay its debts. Part of the goal of this move is to consume Russia's financial resources.
On April 4 local time, Medvedev, vice president of the Security Council of the Russian Federation, said through social media that Russia would respond to the expulsion of Russian diplomats by some European countries. The expulsion of diplomats is a cheap move to put pressure on a country and will not bring about any change except further damage to international relations.
The financing balance decreased. On March 31, the balance of A-share financing was 1580668 billion yuan, a month on month decrease of 5.737 billion yuan; The balance of margin trading was 1672821 billion yuan, a decrease of 6.813 billion yuan month on month. The balance of financing minus securities lending was 1488515 billion yuan, a month on month decrease of 4.661 billion yuan.
Net inflow of land stock link. On April 1, land stock connect bought a net 4.421 billion yuan on the same day, including 45.626 billion yuan of purchase and 41.205 billion yuan of sales, with a cumulative net purchase of 1614670 billion yuan.
Money market interest rates fell. On April 2, the weighted interest rate of pledged repo of deposit institutions was 1.2857% overnight, down 32.65bp and 1.7927% a week, down 16.80bp. The 10-year maturity yield of China national debt was 2.7714%, down 0.29bp.
U.S. stocks fell, while European stocks fluctuated. On April 5, the Dow Jones Industrial Average closed at 3464118 points, down 0.80%; The S & P 500 index closed at 452512 points, down 1.26%; The NASDAQ index closed at 1420417, down 2.26%. European stock markets, French CAC index closed at 664551 points, down 1.28%; Germany's DAX index closed at 1442436 points, down 0.65%; The FTSE 100 index closed at 761372, up 0.72%. In the Asia Pacific market, the Nikkei index closed at 2782143 points, down 0.73%.
The dollar index rose. On April 5, the dollar index rose 0.4781 to 994903. The spot exchange rate of offshore RMB against the US dollar closed at 6.3780, depreciating 35 BP. The euro fell 0.60% against the dollar to 1.0905. The dollar rose 0.67% against the yen to 1236095. The pound fell 0.31% against the dollar to 1.3073.
Most commodities fell. On April 2, Comex gold futures fell 0.38% to close at US $192660/oz. WTI crude oil futures fell 1.84% to close at US $101.38/barrel. Brent crude oil futures fell 1.72% to close at US $105.68/barrel. LME copper three-month futures fell 0.35% to close at US $10432 / ton.
