The Supreme Law defines the "red line" of securities trading plus leverage.
General Administration of Customs, Ministry of Agriculture and Rural Affairs: Cancel the import restrictions of poultry meat in the United States
Market review
Market comment: The market has bottomed out, and it is still difficult to confirm that it will stabilize in the short term.
Retail: 19 pairs 1 1 whole network GMV4 10 1 billion yuan, up 30.5% year-on-year.
Futures information
Metal energy: gold 338.4, up 0.58%; Copper 467 10, down 0.57%; Rebar 3538, up1.78%; Rubber 12 170, up by 0.54%; The PVC index was 6645, up by 65438 0.30%; Zheng Chun 1947, up by 0.26%; Shanghai Aluminum 13685, down 0.29%; Shanghai Nickel 1 18650, down 2.26%; Iron ore 628.0, up 3.04%; Coke 176 1, up1.62%; Coking coal 1237.5, up by 0.24%; Crude oil was 452.2, down 0.11%;
Agricultural products: soybean oil 63 17, down 0.19%; Corn 1840, down 0.27%; Palm oil 5422, up 0.41%; Cotton 13000, down 0.08%; Zhengmai 236 1, up 0.77%; White sugar 5626, down 0.07%; Apple 8062, down1.77%;
Exchange rate: EUR/USD 1. 102 1, up by 0.13%; USD/RMB 7.0 187, down 0.16%; USD/HK$ 7.8273, down 0.0 1%.
(The above futures data are from Shanghai Futures Exchange, Dalian Commodity Exchange and Zhengzhou Commodity Exchange)
New stock tips?
No.
Main recommendations
1, the Supreme Law defines the "red line" of securities trading plus leverage.
The Supreme Law officially promulgated the Minutes of the National Court's Civil and Commercial Trial Work Conference (hereinafter referred to as the Minutes), which explained the disputes on the protection of financial consumers' rights and interests and securities disputes. If the seller fails to fulfill the obligation of appropriateness, he shall be liable for the losses of financial consumers and compensate the actual losses suffered by financial consumers. Bring the credit transactions in the securities market into the scope of unified national supervision. Without legal approval, no unit or individual may illegally engage in fund-raising business.
Comments: It is an important content to maintain the transparency and stability of the financial market to bring credit transactions in the securities market into the unified national supervision scope and explicitly prohibit off-exchange fund-raising business. On the other hand, rejecting illegal fund-raising business may have a certain negative impact on the market turnover in the short term, which will put some pressure on securities trading software stocks and brokerage stocks in the short term.
(investment consultant? Jin Cai? Certificate number of registered investment consultant: S02606 1 1090020)
2. General Administration of Customs and Ministry of Agriculture and Rural Affairs: Cancel the import restrictions of poultry meat in the United States.
The General Administration of Customs and the Ministry of Agriculture issued an announcement, and based on the risk assessment results, from the date of this announcement, No.2013 19, No.2013 103, No.2014 jointly issued by the former AQSIQ and the former Ministry of Agriculture were cancelled.
Comments: According to the economic data of 10, the downward pressure on the economy is increasing, but the CPI of 10 increased by 3.8% year-on-year, which squeezed the room for further easing of monetary policy. The price of poultry meat in the United States is much lower than that in China. The lifting of poultry import restrictions in the United States will help to reduce the price increase by increasing the supply of poultry products in the domestic market, thus leaving room for future monetary policy. This is not good news for the pig industry and poultry industry.
(investment consultant? Jin Cai? Certificate number of registered investment consultant: S02606 1 1090020)
Market review
1, market comment: The market bottomed out and rebounded, and it is still difficult to confirm the short-term market stabilization.
On Thursday, the three major indexes opened slightly higher, fluctuated within a narrow range in early trading, fluctuated higher in the afternoon and fell slightly in late trading. Technology stocks have strengthened again and become the main direction of capital chasing. Specific to the sector, wireless headsets, Huawei Hisilicon, semiconductors and other technology sectors were among the top gainers, while planting, port shipping, banking and other sectors collectively pulled back. Individual stocks rose more and fell less, and the daily limit of the two cities was nearly 50, and the market atmosphere picked up. At the close, the Shanghai Composite Index rose 0. 16% to close at 2909 points; The Shenzhen Component Index rose 0.6 1% to close at 9746 points; The GEM index rose 0.64% to close at 1692. The net inflow of Shanghai Stock Connect was 280 million, and the net inflow of Shenzhen Stock Connect was 654.38+99 million.
Following the sharp adjustment of the stock market on Monday, the market fluctuated sideways for three consecutive days, and the profit-making effect of individual stocks rebounded slightly. After the Shanghai Composite Index falls below the 60-day moving average, there may be a slight rebound, but the rebound does not mean that the index has stabilized. Considering the downturn in trading volume and the short-selling trend in technology, we believe that the market still has the risk of downward adjustment. On the other hand, negative news will also restrict the enthusiasm of capital participation. 5438+ 10 June, China's economy declined slightly in terms of investment and industrial production, and there was still pressure to stabilize investment and growth. In addition, the CPI reached 3.8%, which restricted the loose pace of monetary policy. Looking forward to the short term, both the news and technical aspects suggest that the market expectation is declining, and the index has not stabilized, so beware of new adjustments. In operation, it is recommended to give priority to defense and pay attention to opportunities in sectors such as gold and big consumption on dips.
(The investment consultant has registered the investment consultant certificate number: S02606 130900 15)
2. Retail industry: 19 pairs 1 1 gmv4 of the whole network101100 million yuan, up 30.5% year-on-year.
20 19 pairs 1 1 whole network gmv41kloc-0/billion yuan/year-on-year +30.5%, Tmall Taobao GMV2684 billion yuan/year-on-year +26%. JD.COM165438+1October11,the cumulative turnover of JD.COM Global Good Things Festival reached 204.4 billion yuan, up +279. 1% year-on-year, and the number of JD.COM Plus members reached/kloc. Pinduoduo: The policy of "10 billion subsidies" will be implemented in depth, and the best price strategy will focus on the double eleven regression. Suning: During the double 1 1 period, the omni-channel order volume was +76% year-on-year. The proportion of Tmall and JD.COM decreased, while that of Pinduoduo increased rapidly, with sales accounting for 6.1%; Digital mobile phones, household appliances and personal beauty care account for the top three in sales.
Investment Comments: During the Double Eleven period, the GMV of the whole network increased by more than 30%, the e-commerce platform remained high, and the national consumption power remained strong. Domestic brands are growing rapidly, and the trend of domestic substitution continues. Investors can pay attention to Suning.cn, the leading A-share omni-channel retail channel, Marumi, the leading cosmetics sector, and three squirrels for leisure retail.
(The investment consultant has registered the investment consultant certificate number: S02606 130900 15)