Main recommendations
Ministry of Commerce: Welcome the goodwill action of the United States.
Ministry of Commerce: Timely release frozen pork and beef and mutton from the central and local reserves.
Market review
Market Comments: The market has strong toughness and can be moderately active in operation, focusing on the layout of the main line.
Macro perspective: Ministry of Commerce: The working layers of China and the United States will meet in the near future to conduct serious consultations.
Brokerage industry: the capital market reform dividend will become the core driving factor for the new round of profitability improvement of brokers.
Futures information
Metal energy: gold 346.65, up 0.03%; Copper 47500, up 0.57%; Rebar 3540, up1.84%; Rubber 1 1885, down 0.50%; The PVC index was 6500, down 0.15%; Zheng Chun 2238, down 0.04%; Shanghai Aluminum 144 15, up by 0.24%; Shanghai Nickel 144600, up by 0.95%; Coke 1997.5, up by 2.04%; Coking coal 1353.0, up 0.63%; Brent oil was 58.59, down 0.71%; Iron ore was 674.5, up 3.45%;
Agricultural products: soybean oil 6042, down 0.59%; Corn 1877, down 0.21%; Palm oil 4820, down1.11%; Zheng Mian 12985, down 0.04%; Zheng Mai 2307, down 0.47%; White sugar 5473, down 0.20%; Jujube 10350, down1.62%; Apple 7995, down 2.19%;
Exchange rate: Euro/USD 1. 1 1, up by 0.07%; USD/RMB 7.08, down 0.05%; USD/HK$ 7.82, down 0.05%.
Second, the key recommendation
1, Ministry of Commerce: Welcome the goodwill action of the United States.
Event: On September 12, at the regular press conference held by the Ministry of Commerce, Gao Feng, a spokesperson, said that China welcomed the goodwill action released by the United States. Regarding the purchase of American agricultural products by China enterprises, Gao Feng introduced that China enterprises have begun to make inquiries to buy American agricultural products. Gao Feng expressed the hope that China and the United States will continue to move in the same direction and create favorable conditions for consultations with practical actions, which will benefit both China and the United States and the world.
Comments: From the recent news, China and the United States have released goodwill to each other in the economic and trade field, and the trade friction between the two sides has shown signs of easing. Judging from the previous market performance, investors' adaptability to the impact of trade friction has been significantly improved. Even if the negotiation results are worse than expected, the impact on the index is expected to be limited, and once a good result appears, it will stimulate the market to some extent. The core logic of current market operation is "economic recession, policy advancement". In the context of loose external and frequent internal policies, market operations are expected to remain active.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
2. Ministry of Commerce: timely release frozen pork and beef and mutton from central and local reserves.
Event: A spokesman for the Ministry of Commerce said that from the monitoring of the Ministry of Commerce, since September, the prices of meat and eggs in the market supply of daily necessities in various places have increased, and the increase has slowed down, while the prices of vegetables and fruits have dropped slightly. From September 2 to 8, the wholesale prices of pork, beef, mutton and eggs in 36 large and medium-sized cities nationwide decreased by 7.4, 0.6, 0.2 and 0.4 percentage points respectively compared with the previous week, and the wholesale prices of vegetables and fruits decreased by 0.5% and 0.9% respectively compared with the previous week. We will work with relevant departments and localities to strengthen the connection between production and marketing, broaden supply channels and actively increase daily necessities, especially pork.
Comments: With the sharp rise in pork prices, it has had a certain impact on food prices and people's livelihood. Recently, relevant departments and local governments have introduced measures to stabilize pork prices. Although pork prices may not fall rapidly due to many factors in the short term, the expectation of rising will be reduced, which will have a certain impact on the stock prices of related companies. Short-term suggestions are not involved for the time being.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Third, the market review
Market Comments: The market has strong toughness and can be moderately active in operation, focusing on the layout of the main line.
Last week, Shanghai and Shenzhen stock markets continued to fluctuate and rebound. The weekly K-lines all won five consecutive victories, among which the Shanghai Composite Index closed at 303 1.24, up 1.05% from last week, and the Shenzhen Composite Index closed at 99 19.80, up 0.98% from last week. In the case of uncertain external situation, the market can continue to fluctuate and rise, indicating that the market is further improving and has strong resilience. The news of warmer weekend, the expectation of global monetary easing and the easing of trade relations between China and the United States have certain effects on improving the trend of A shares this week. Driven by policy backing and incremental funds, it is expected that A shares will continue to fluctuate and rebound this week. It is suggested to maintain moderate and active operation, focus on the layout of the main line, and pay attention to varieties with clear performance growth and reasonable valuation on dips. The plate focuses on electronics, communications, brokerage and military industry. Avoid the theme stocks with poor performance in the interim report. The stock market is risky, so you need to be cautious in investing.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)
Macro perspective: Ministry of Commerce: The working layers of China and the United States will meet in the near future to conduct serious consultations.
Event: Gao Feng, a spokesman, said that the economic and trade teams of the two sides have maintained effective communication at present when answering questions related to Sino-US economic and trade consultations. According to the situation agreed by the leaders of the two sides on the phone last week, the working layers of the two sides will meet in the near future to conduct serious consultations and make full preparations for the next high-level economic and trade consultation.
Comments: There is no doubt that the world economic development is negatively affected by trade disputes. Global heavyweight investors are unable to invest heavily in new projects under the background of uncertain prospects, unknown expectations and threats to the global supply chain. In view of this, the global economy began to weaken in the past two years. If the trade dispute between the two major economies can be eased, investors will regain their confidence, thus pushing the world economy back on track. Judging from the news, the overall neutrality is slightly positive.
(investment consultant? Where's Gu? Registered Investment Consultant CertificateNo.: S026066 1 1020066)
Brokerage industry: the capital market reform dividend will become the core driving factor for the new round of profitability improvement of brokers.
China has strong economic resilience, relatively loose liquidity and sustained policies. A shares are expected to rebound actively again, and brokerage stocks can be configured as "buy options" for A shares to rise. The capital market reform dividend will become the core driving factor for the new round of profitability improvement of securities firms.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)