View of Chuancai overseas week:
This week, the labor department released inflation data for March. In terms of CPI, the US CPI rose by 8.5% year-on-year in March, and the year-on-year increase continued to set the highest record in the past 40 years; CPI rose 1.2% month on month. Excluding volatile food and energy prices, core CPI rose 0.3% month on month in March; It increased by 6.5% year-on-year, the largest year-on-year increase since August 1982. In terms of PPI, the PPI of the United States increased by 11.2% year-on-year in March and 1.4% month on month in March, the highest month on month increase since August 2012. From the data, the Fed's first interest rate hike did not significantly improve the current situation of US inflation. The year-on-year increase of us CPI in March continued to reach an all-time high. The rise of food prices, housing costs and energy prices is still the main reason for the high US inflation. If the Federal Reserve still wants to achieve the goal of controlling inflation within a reasonable range within this year, or implement more aggressive monetary policy. At this stage, the possibility of the Federal Reserve raising interest rates by 50 basis points after the may interest rate meeting is increasing, and it may raise interest rates seven times in the year. In terms of reducing the balance sheet, the Federal Reserve may reduce its balance sheet by US $95 billion per month as soon as possible after the interest rate meeting in May. At this stage, overseas markets are still digesting the news that the Federal Reserve will raise interest rates by 50 basis points in May. There are obvious fluctuations in the short term, and the overvalued sector continues to be under pressure.
Overseas market performance in one week:
This week, most of the world's major indexes fell. In the United States, the three major stock indexes fell collectively. The Dow Jones Industrial Average fell 0.78% in the week, the S & P 500 index fell 2.13% in the week, and the Nasdaq composite index fell 3.86% in the week. In Europe, the three major stock indexes rose or fell differently this week, and the French CAC40 index rose 0.63%; Germany's DAX index fell 0.84%; The FTSE 100 index fell 0.69%. In emerging markets, most major indexes fell, with India's sensex30 index falling 1.86% and Brazil's ibovespa index falling 1.81%..
US stock market:
This week, the Dow Jones Industrial Average closed at 3445123, down 0.78%, the NASDAQ index closed at 1335108, down 2.63%, and the S & P 500 index closed at 439259, down 1.21%. In terms of industry, S & P 500 materials industry, S & P 500 industry and S & P 500 energy industry led the increase this week, while S & P 500 information technology industry, S & P 500 communication equipment industry and S & P 500 medical industry fell deeply.
Hong Kong Stock Market:
This week, the Hang Seng Index closed at 2151808 points, down 1.62% in total; Hang Seng China enterprise index closed at 738558, down 1.4% in total; Hang Seng Hong Kong Chinese enterprises index closed at 411529, up 0.07%. In terms of industries, Hang Seng's raw materials industry, Hang Seng's essential consumption industry and Hang Seng's non essential consumption industry led the increase this week.
Risk tip: economic growth is lower than expected, trade protectionism is spreading, and the Fed's policy is higher than expected.
