Chinanews client Beijing, April 7 (Xie Yiguan), April 6 (Monday), stimulated by the signs of improvement in the international epidemic, the international stock market ushered in a good start this week, the three major US stock indexes continued to rise intraday, and the market closed More than 7%.

The agency believes that the positive progress at the turning point of the epidemic has fueled optimism. But this does not mean that everything is over. We will also see many rebounds and many sell-offs.

Dow's 6th chart.

Signs of an improvement in the epidemic are driving stock markets to skyrocket

Stimulated by the signs of the US epidemic situation and the stimulus of the US President Trump's consideration of restarting the economy, after the US stock market opened sharply on April 6, the three major stock indexes continued to rise, and after a violent rise in the late afternoon, they fell slightly.

As of the close, the Dow rose 1627.46 points, or 7.73%, to 22679.99 points; the S & P 500 index rose 175.03 points, or 7.03%, to 2663.68 points; the Nasdaq rose 540.16 points, or 7.33%, to 7931.24 points.

Large US technology stocks rose collectively, and most of the popular Chinese stocks closed up. In terms of individual stocks, Boeing rose more than 19%, leading the Dow. Apple and Google both rose more than 8%.

Recently, Ruixing Coffee, which has received much attention, closed down more than 18% to $ 4.39. According to media reports, after a breach of contract by Ruixing Coffee's shareholder Haode Investment (borrower), the lender will exercise the lender's rights against the collateral under a 518 million USD margin loan arrangement, that is, to enforce the procedure, involving 76350094 shares of Ruixing Coffee American Depositary Shares (ADS).

In addition, the slowdown of new death cases in Italy, France, Spain and other European countries and the rise of US stocks led to a collective rise in European stock markets on the 6th. The German DAX index rose 5.77% to 10075.17 points; the French CAC40 index rose 4.61% to 4346.14 points ; The FTSE 100 index rose 3.08% to 5582.39 points.

German DAX index 6-day chart.

Market panic has cooled, and US bond yields have collectively risen

With signs of improvement in the epidemic situation in many countries, risk investment preferences have been boosted. The panic index CBOE Volatility (VIX) fell by 3.33% to close at 45.24 points. According to Wind Information, the MSCI global index of all countries rose 4.9% to close at 446.09 points, a new high of more than a week, and the largest increase in nearly two weeks.

On April 6, the June contract of COMEX gold futures closed up by 2.93% to close at 1693.9 US dollars per ounce, the highest since the main contract of gold futures contracts closed since December 17, 2012.

Under the risk aversion mood, the yield of US Treasury bonds rose collectively on Monday. The yield of 2-year US Treasury bonds rose 3.1 basis points to 0.272%. The yield of 3-year US Treasury bonds rose 3.7 basis points to 0.342%. The yield of 5-year Treasury bonds The rate rose 5.8 basis points to 0.446%, and the 10-year U.S. Treasury yield rose 7.4 basis points to 0.674%.

In late New York, the US dollar index rose 0.17% to 100.7991, the euro fell 0.01% to 1.0792, the pound fell 0.34% to 1.2228, the Australian dollar rose 1.57% to 0.6087, and the dollar rose 0.6% to 109.22. The shore renminbi rose 30 basis points against the dollar to 7.1073.

Data map.

Institution: The stock market will also see many rebounds and many sell-offs

As the global epidemic situation improves, analysts of major institutions have also shown optimism.

Mohamed El-Erian, Germany ’s chief economic and advisor, said the rebound in US stocks on Monday was encouraging because the positive progress at the turning point of the epidemic fueled optimism. "This is driven by the improvement of the epidemic. The sell-off of US stocks needs to wait for such good information on the epidemic, which can make the market bottom out and rebound."

Elwin de Groot, head of macro strategy at the Dutch Agricultural Cooperative Bank, said that what is currently driving the market is the proof that new cases are beginning to turn to inflection points. The number of deaths in Italy has slowed, and Spain has begun to see tangible improvements, including signs of gradual stability in the United States. "When you see these actual situations happening, you may start to calculate when the blockade will be slowly released, which gives more visibility, which is crucial."

Peter Boockvar, chief investment officer of Bleakley Consulting Group, believes that "the darkest moment is about to pass. The decline in the number of diagnoses allows people to see the possibility of restarting the economy, which is a positive side." However, he also pointed out that this does not mean everything is over. We will also see many rebounds and many sell-offs.

"Unless the epidemic shows signs of slowing down and disappearing, the return of the market to normal may still be out of reach. In the short term, it is difficult to finalize the damage caused by the epidemic to the economy and the corporate sector, and the degree of loss in different economic sectors and market segments may be There is a big difference. "John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, wrote in a report on Monday. (Finish)