Wednesday, November 24, 2010

Watch the stock market on February 20

 [2009-2-20 8:50:27]
1, the stock market to benefit the most extensive light industry, petrochemical revitalization plan released yesterday, Premier Wen Jiabao chaired a State Council executive meeting examined and approved in principle the adjustment of light industry and petrochemical industry revitalization plan , decided to further increase the long steel futures market has formally entered the countdown. China Securities Regulatory Commission has formally approved the Shanghai Futures Exchange to carry out wire and rebar. In all the preparations and procedures in place to perform is completed, the China Securities Regulatory Commission will soon approve of the listing of its futures contracts.
3, by the sharp fall in financial stocks, the Dow fell 89 points by the impact of financial stocks fell sharply on Thursday, the Dow broke through last November's low, closing the highest since October 9, 2002 has been lows by the close, the Dow Jones Industrial Average fell 89.68 points to 7465.95 points, down 1.19%; Standard & Poor's 500 index fell 9.48 points to 778.94 points, or 1.20%; the Nasdaq composite index fell 25.15 points to 1442.82 points, down 1.71%. last week, crude stocks fell by 13.8 million barrels, while the market is expected to increase 320 million barrels, crude oil futures rose 5.1% to $ 35.40 a barrel. Gold futures fell 1.60 U.S. dollars, or 0.2%, to close at $ 976.10 an ounce.
[2009-2-20 8:51:01]
4, the Audit Commission: audit investigation of financial institutions will promote the healthy development of the stock market - for audit the end of 2008 the Department of Industrial and Commercial Bank, Bank of China and China Construction Bank shares in three state-owned commercial banks to investigate whether the audit will affect the performance of banks in the stock market problems, the Audit Commission Auditor General Liu Jiayi 19 at the State Council Information Office press conference, the audit After the performance of the three major banks in the stock market is actually for the better direction. - Liu Jiayi said the audit results, the three banks through the shareholding system reform, the internal mechanism has been innovation, management has been greatly improved , have been greatly enhanced profitability, asset quality has greatly improved. - Liu Jiayi said that the reason why some foreign holdings of banks are still holding some shares of joint-stock reform of banks because these banks are now holding their own experience more difficult, needs cash flow, cash holdings have. - these three big banks and other financial institutions, audits and investigations, not only will not affect the stock market, but also promote their healthy development.
[2009 - 2-20 8:51:35]
7, Petrus Cheung: China still has room for interest rate cut yesterday, the Secretary of the People's Bank of China Zhang Jianhua attending the have cut space, but zero interest is not the best choice, because it would lead to Bank of China Deputy Governor Yi Gang attended the Beijing University organized an academic report, said that the current implementation of the zero interest rate for China is not the best choice. In this regard, Petrus Cheung pointed out that Excellent choice, that is one of the options, but certainly not the best. months after the comeback. another shot of UBS Securities, taking advantage of the occasion of a significant correction in Shanghai and Shenzhen stock index, the day swept through the 23 large blue chip trading platform, turnover reached 200 million yuan.
10, net capital yesterday outflow of 1.28 billion net capital outflow of 1.28 billion yesterday, a net inflow of capital larger segments: building materials (+7.2 million), Energy (+4.7 million), Instrumentation & Electronics Instrumentation (+3.2 million). net outflow of funds larger plate: non-ferrous metals (-10.1 billion), banks (-6.3 billion), steel (-3.1 billion)

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