China-Singapore Jingwei client, April 6 (Xue Yufei) In the past week, the number of confirmed cases of new coronary pneumonia in the world exceeded 1 million, the number of deaths exceeded 50,000, and the number of confirmed infections in the United States exceeded 270,000. Faced with the impact of the epidemic on the global economy, many major economies, including China, have frequently introduced economic policies. Next week (April 6-12), which heavy financial events will affect your "money bag"? Let's watch together in advance!

Data release

Next week, China will release economic data such as March CPI, PPI, and foreign exchange reserves; internationally, the United States announces data such as the March CPI, PPI, and the number of initial jobless claims for the week of April 4, and the United Kingdom and France announce February manufacturing Index, Canada publishes data such as unemployment rate.

Market hotspot

1. Several exchanges around the world are closed for one day

On April 6, due to the Qingming holiday, the Shanghai Stock Exchange, Shenzhen Stock Exchange and Shanghai Futures Exchange will be closed for one day. April 10 is Good Friday, the New York Stock Exchange, NASDAQ in the United States, and the London Stock Exchange in the United Kingdom are closed for a day.

2. The policy of lowering the interest rate of excess deposit reserve will be implemented

On April 3, the People's Bank of China announced the RRR cut policy. According to the arrangement, from April 7, the interest rate of excess deposit reserves of financial institutions in the central bank will be lowered from 0.72% to 0.35%. This is another 12-year interval. Excess reserve interest rate.

The last reduction in the excess reserve interest rate still dates back to 2008, when the interest rate was lowered from 0.99% to 0.72%, and no adjustments were made. The central bank said that the reduction of the excess reserve interest rate from 0.72% to 0.35% this time can promote banks to improve the efficiency of capital use and promote banks to better serve the real economy, especially small and medium-sized enterprises.

In addition, the central bank also announced on the 3rd that it will lower the deposit reserve ratio by 1 percentage point for small and medium-sized banks. This policy will

On April 15th and May 15th, it was put into place twice, with a reduction of 0.5 percentage points each time, and a total of about 400 billion yuan of long-term funds were released. The central bank said that the deposit reserve ratio of more than 4,000 small and medium-sized deposit-taking financial institutions fell to 6% after the RRR cut.

3. Announcement of market price changes of important means of production in circulation

On April 7, the National Bureau of Statistics will announce the market price changes of important means of production in the circulation field. The market price of important means of production in the circulation field refers to the wholesale and sales prices of enterprises operating important means of production. The monitoring content includes the prices of 50 products in 9 categories.

According to data released on March 24, monitoring of market prices of 50 types of important means of production in 9 major categories in circulation in 24 provinces (autonomous regions and municipalities) shows that the prices of 12 types of products in mid-March 2020 compared with those in early March Rise, 36 kinds of decline, 2 kinds of flat.

4. CPI and PPI data will be released in March

On April 10, the National Bureau of Statistics will publish the monthly consumer price index (CPI) monthly report and the industrial producer price index (PPI) monthly report in March.

In February, the national consumer price rose by 5.2% year-on-year. On average from January to February, the national consumer price rose by 5.3% from the same period last year. In February, the national producer price fell by 0.4% year-on-year and 0.5% month-on-year. 1- On average in February, ex-factory prices of industrial producers fell 0.2% from the same period last year.

According to Wind data, a total of 15 organizations have predicted the March CPI data. The average forecast is a year-on-year increase of 4.9%, the maximum forecast is a year-on-year increase of 5.3%, and the minimum forecast is 4.3%; a total of 16 institutions have a March PPI The data is predicted. The average forecast is a 1.0% year-on-year decline, the maximum forecast is a 0.3% year-on-year decline, and the minimum is a 1.5% decline.

5. The three major telecom operators will jointly release a white paper on 5G news

China Mobile's official Weibo news released on the afternoon of the 3rd said that at 10 a.m. on April 8, China Mobile will jointly release a white paper on 5G news with China Telecom and China Unicom. The Weibo also said: "How will traditional SMS rebirth in the 5G era, so stay tuned!"

According to reports, 5G news will bring about experience and service innovation, comprehensive upgrade of basic SMS, to achieve message as a service, installation-free, messages are generally reachable, mobile phone number is the user ID.

6. The OPEC + meeting will discuss the issue of crude oil production reduction

According to media reports, OPEC representatives said that a video conference will be held next Monday (April 6). The participants will not only be OPEC and its allies, but it is unclear which countries will participate. The OPEC representative believes that the global crude oil production reduction of 10 million barrels per day is a realistic goal. OPEC + hopes that the meeting will be held as soon as possible and encourages other oil-producing countries to participate.

There are many details to be confirmed at this meeting. The Kremlin said on the 3rd that it does not confirm that Russia will participate in the OPEC + meeting on April 6. But Putin later said that Russia is willing to take concerted action with the United States and OPEC countries to ensure the long-term stability of the oil market, and discuss the plan to reduce oil production by 10 million barrels per day. On April 4, according to multiple media reports, the meeting was postponed until April 9.

Stock market outlook

1. IPO opportunities

Source: Wind

Next week, N Heshun (stock code: 603353.SH) will be listed, Anning shares (stock code: 002978.SZ), Chaoyang Technology (stock code: 002981.SZ), Ruixin Technology (stock code: 300828.SZ), Jinhe Commercial (stock code: 603682.SH), Shanghai Silicon Industry (stock code: 688126.SH), Jintian Copper (stock code: 601609.SH) purchased 6 stocks.

N Heshun, or Heshun Petroleum, is the first private oil company in Hunan Province to obtain refined oil wholesale qualifications approved by the Ministry of Commerce. Its main business is refined oil wholesale and retail. Its business covers refined oil procurement, warehousing, logistics, wholesale, and retail. In this aspect, a complete industrial chain is formed in the field of refined oil circulation, based on the area of ​​the Changsha-Zhutan urban agglomeration in Hunan and facing the development of the whole province and surrounding areas.

It is understood that Anning Co., Ltd. took the lead in completing the conversion from primary processing of resources to in-situ deep processing of vanadium and titanium in private mining enterprises in Panzhihua. Now it has 3 million tons / year of vanadium titanium magnetite, 1 million tons / year of iron concentrate, 20 Production capacity of 10,000 tons / year of titanium concentrate. Chaoyang Technology is a high-tech enterprise specializing in R & D, production and sales of electroacoustic products. The products are mainly headphones and accessories for electroacoustic products. At present, it has entered the supply chain of Apple, Beats, Samsung, Xiaomi and other brands. Ruixin Technology is mainly devoted to the development and manufacture of power electronic aluminum alloy profile radiators, high value-added aluminum alloy industrial profiles and deep-processed products. It has 4 sets of extruders and nearly one hundred CNC machining centers, 70% of which are imported from abroad station.

Jinhe Commercial is the flagship enterprise of Jinhe Investment Group specialized in the renovation and operation management of existing properties, and is committed to the renovation and operation management services of existing properties in cities. The Shanghai Silicon Industry is one of the few semiconductor wafer companies in China that has certain international competitiveness and has become a supplier to many mainstream semiconductor companies. Jintian Copper is an enterprise that utilizes waste copper for copper smelting and is also engaged in copper processing and production. It has formed a complete industrial chain from smelting to processing, and has become one of the largest copper processing enterprises in China.

Second, institutions look at the future

Guodu Securities: The sustainability of the rebound remains to be seen

At present, the stock market has seen a bottom oversold rebound, but the sustainability remains to be seen. Recalling the historical bottom of each round of A shares, a complete stock market bottom generally goes through five bottoms in sequence, namely valuation bottom, sentiment bottom, policy bottom, market bottom and performance bottom. Valuation bottom is generally ahead of sentiment bottom, but the real The market bottom or index bottom is generally between the policy bottom and performance bottom.

The bottom of the market needs to be confirmed by the emotional bottom, and the structural market of stocks with better immunity is expected to take the lead. Considering that the prevention and control upgrade measures under the accelerated spread of the epidemic have almost frozen the economy, the major governments have basically concentrated on the macroeconomic policies such as market liquidity, corporate capital flow, unemployment relief and economic recovery, and other monetary and fiscal policies. It is expected that after the sentiment is confirmed, the A-share market may be proven.

Before the performance bottom is confirmed, the follow-up market may be reflected in the bottom of the index. The structural market of the subdivided industries or individual stocks with better immunity is expected to be the first to start. The focus includes necessities, online services, medical devices and biological vaccines, and new energy. Automobiles, digital new infrastructure and head brokers, low-value valuation blue chips, etc.

Founder Securities: Suggest "light index, heavy stocks"

The short-term market will also rush higher, which will challenge the pressure of 2800 points and the 20th line. Whether it can cross and stand above 2800 points, whether the quantity can continue to be released is the key. If the volume can cross and stand above the 2805 point, the market is expected to build a "W" bottom pattern. If the volume cannot be effectively released, there is technical pressure near the 2805 point, and the market is mainly shocked.

In terms of operational strategy, Founder Securities recommends "light index and heavy stocks", focusing on brokerages and 5G new infrastructure, semiconductor and new materials big data and information technology, and low-price stagflation stocks on the dip, focusing on science and technology board with medium and long-term thinking , Brokerages and bottom technology stocks, resolutely avoid short-term gains.

Huatai Securities: Multiple industry revenues will suffer in the next one or two quarters

Before the global epidemic is effectively controlled, the impact of aviation, automobile, catering, tourism, textile, electronics and other industries may continue. At present, it seems that at least the next one or two quarters, the business scale of these industries may be affected by the supply from And demand at two levels. At the same time, the epidemic situation is also forcing the transformation of the industrial model. In the process of responding to and preventing and controlling this new coronavirus outbreak, the scale of sub-industries such as online education and medical supplies strategic reserve is expected to expand. (Zhongxin Jingwei APP)

(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)

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