Main recommendations
The central bank made a big move, and private enterprise financing welcomed heavy benefits.
Zhuhai Air Show was held to showcase military scientific and technological achievements.
Market review
Market comment: The overall policy tone is warmer and trading remains active. It is recommended to pay attention to certain opportunities.
Macro perspective: The US mid-term elections voted today, and the Trump administration will usher in the "senior high school entrance examination".
Photovoltaic industry: PV policy is reversed, and PV installed capacity is expected to increase in 2020.
Futures information
Metal energy: gold 277.95, up 0.18%; Copper 497 10, down 0.64%; Rebar 3869, down1.75%; Rubber 1 1320, up by 0.40%; The PVC index was 6245, down by 0.87%; Zheng Chun 2873, down 2.35%; Shanghai Aluminum 13945, up by 0.07%; Shanghai nickel 98350, up 0.28%; Iron ore 505.0, down 0.39%; Coke is 2390.0, up1.14%; Coking coal 1357.5, flat; Brent oil 7 1.74, down 1. 10%.
Agricultural products: soybean oil 5580, up 0.25%; Corn 1952, up 0.21%; Palm oil 4606, down 0.65%; Cotton 15345, down 0.78%; Zheng Mai 2606, Ping; Sugar 509 1, up 0.12%; Apple 1 1659, up 3.7 1%.
Exchange rate: Euro/USD 1. 14, up by 0.10%; USD/RMB 6.92, down 0.11%; USD/HK$ 7.83, up 0.0 1%.
Main recommendations
1, the central bank made a big move, and the financing of private enterprises welcomed heavy benefits.
Event:165438+1October 6, Yi Gang revealed in an exclusive interview with Economic Daily that there are "real money and silver" policies and measures to help private enterprises solve the problems of financing difficulties and expensive financing.
Comments: The private economy supports half of the national economy. Solving the problem of difficult and expensive financing for private enterprises is not only a "blood transfusion" for private enterprises, but also a boost to economic development. In order to solve the problem of difficult and expensive financing for private enterprises, the central bank has made a big move. The central bank is studying the establishment of equity financing support tools for private enterprises, and promoting qualified private fund managers, securities companies, financial asset investment companies of commercial banks and other institutions to set up equity financing support tools for private enterprises. The People's Bank of China will provide initial guiding funds, drive financial institutions and social capital to participate together, and provide staged equity financing support for private enterprises with financial difficulties in accordance with the principles of marketization and rule of law. Since the beginning of this year, the People's Bank of China has created a stable and neutral monetary policy from a macro perspective, making the liquidity reasonable and abundant; At the same time, a policy combination of "three arrows" has been adopted to let the liquidity flow to private enterprises and places where it is most needed.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Zhuhai Air Show was held to showcase military scientific and technological achievements.
Event: 12 China air show was held in Zhuhai city, Guangdong province from June 6th to October 6th, 65438. This year's Zhuhai Air Show will attract 770 exhibitors from 43 countries and regions around the world, of which international exhibitors account for about 45%. It is estimated that the number of participating aircraft will exceed 100. Zhuhai Air Show will not only focus on the scientific and technological achievements of China's military industry, but also directly promote China's military exports.
Comments: Supported by the favorable factors that China's military technological progress and military exports are free of political conditions, China's military industry is expected to further increase its international market share and maintain its third position in the world's defense exports after the United States and Russia. Historically, the military export orders reached during the Zhuhai Air Show in the past will stimulate the A-share military sector. In the first three quarters of 2065438+2008, the overall income of the national defense military industry increased by 1 1.53% year-on-year, and the net profit attributable to the mother increased by 22.85% year-on-year, with obvious performance growth. At present, the market is expected to gradually recover, which is expected to lead to the improvement of overall risk appetite. In addition, with the reversal of positions, from the perspective of trading behavior, the capital side is also expected to improve marginally, and the proportion of fund positions will further increase. Therefore, we are optimistic about the performance of the military sector.
(investment consultant Zhong Yanling registered investment consultant certificate number: S02606 13020024)
Market review
1, market comment: the overall tone of the policy is warmer, and individual stocks remain active. It is recommended to pay attention to certain opportunities.
On Tuesday, the market was narrowly organized, and the transaction continued to shrink. Disk observation, venture capital, paper, real estate and other sectors were among the top gainers, while landscape engineering, decoration and brokerage sectors fell. At the close, the Shanghai Composite Index reported 2659.36 points, down 0.23%, while the Shenzhen Component Index reported 779 1.25 points, down 0.61%; Chuangzhi Bao 1349.5438+0 1 point, down 0.02%. Short-term news interweaves, leading to relatively repeated market. For example, the Shanghai Stock Exchange announced the establishment of a scientific and technological innovation board and a pilot registration system, which will have a psychological impact on market sentiment in the short term. On the other hand, a series of recent policy revisions still support the market, and the current market risk appetite repair is still worth looking forward to. It is expected that the volatile rebound market is still expected to continue. In operation, it is suggested to pay attention to the opportunities of white horse blue chips and high-quality growth stocks with good performance certainty, and in industry, it is suggested to pay attention to the opportunities in finance, real estate, infrastructure, medicine, TMT and other industries. The stock market is risky, so you need to be cautious in investing.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)
2. Macro perspective: The Trump administration voted for the "senior high school entrance examination" in the mid-term elections in the United States.
On the 6th local time, the United States ushered in the mid-term election polling day, and all seats in the House of Representatives and some seats in the Senate will be re-elected. The ruling Republican Party hopes to maintain a majority in Congress, while the opposition Democratic Party hopes to regain control of both houses through mid-term elections. This election is also regarded by the American media as a "senior high school entrance examination" for the current President Trump: how voters will score Trump's two-year performance will be related to the future ruling prospects of the Republican president.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)
Photovoltaic industry: PV policy is reversed, and PV installed capacity is expected to increase in 2020.
According to Photovoltaic Gate165438+1October 2nd, the National Energy Administration held a symposium on the mid-term evaluation results of the 13th Five-Year Plan for solar energy development. Relevant leaders of the National Energy Administration said that they will continue to vigorously support the development of photovoltaic industry, and will gradually subsidize it before 2022 (it is expected that the subsidy will be withdrawn in 2020), and will not promote the process of affordable Internet access across the board (this year's 53 1 New Deal is across the board, and the opinions of enterprises have not been fully listened to). According to the discussion of relevant leaders and representatives, the target of 2 10GW is also a bit low, and the target of photovoltaic installed capacity in the 13th Five-Year Plan for solar energy development in China is expected to be adjusted to above 250GW or even reach 270GW. Industry leading targets are expected to benefit.
(Investment Consultant Gu registered investment consultant certificate number: S026066 1 1020066)