View of Chuancai overseas week:
This week, the global stock market maintained a volatile trend, the European and American stock markets fell collectively, and the major stock indexes of emerging markets made a sharp correction. In the United States, during the week, Fed chairman Powell said that the Fed would slightly accelerate the pace of interest rate hike, suggesting that it would raise interest rates by 50 basis points after the interest rate meeting in May. Stimulated by the Fed's interest rate hike, medium - and long-term US bond yields rose sharply. As of Friday, the yield of two-year US bonds closed at 2.695%, up 10.7 basis points; The yield on 10-year US Treasuries closed at 2.916%, up 7.7 basis points. Recently, disturbed by the repeated conflicts between Russia and Ukraine, the continuous rise of US inflation and the accelerated pace of interest rate hike by the Federal Reserve, the US stock market continues to fluctuate in the short term, especially the high valuation and high growth sectors, or will continue to be under pressure. However, in the medium and long term, the US economy is recovering steadily, the policy orientation is basically good, and US stocks still have growth momentum.
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 1.86%, the S & P 500 index fell 2.75% and the Nasdaq composite index fell 3.83%. In Europe, all three major stock indexes fell, while the French CAC40 index fell 0.12%; Germany's DAX index fell 0.15%; The FTSE 100 index fell 1.24%. In emerging markets, most major indexes fell, with India's sensex30 index falling 1.96% and Brazil's ibovespa index falling 4.29%.
US stock market:
This week, the Dow Jones Industrial Average closed at 338114, down 1.86%, the NASDAQ index closed at 1283929, down 3.83%, and the S & P 500 index closed at 427178, down 2.75%. In terms of industry, except for the real estate industry (+ 1.24%) of S & P 500 and the essential consumption industry (+ 0.39%), all the other nine industries in the sector fell this week, including the communication equipment industry, energy industry and materials industry of S & P 500.
Hong Kong Stock Market:
This week, the Hang Seng Index closed at 2063852, with a cumulative decline of 4.09%; Hang Seng China enterprise index closed at 697238 points, down 5.59% in total; Hang Seng Hong Kong Chinese enterprises index closed at 394719 points, down 4.08%. In terms of industries, all seven industries in the sector fell this week, including Hang Seng raw materials industry, Hang Seng health care industry and Hang Seng non essential consumption industry.
Risk tip: economic growth is lower than expected, trade protectionism is spreading, and the Fed's policy is higher than expected.
