The following is a summary of important information in the global market:
Global macro
The People’s Bank of China: Fully cut the RRR by 0.5% and release about 1 trillion yuan in long-term funds
According to the People’s Bank of China, in order to support the development of the real economy and promote a steady and steady decline in comprehensive financing costs, the People’s Bank of China decided to lower the deposit reserve ratio of financial institutions by 0.5 percentage points on July 15, 2021 (excluding the implemented 5% deposit reserve Financial institutions). After this reduction, the weighted average deposit reserve ratio of financial institutions was 8.9%.
The IMF Executive Board approves a new round of special drawing rights allocation plan to help global economic recovery
International Monetary Fund (IMF) President Georgieva issued a statement on the 9th, saying that the IMF’s Executive Board has approved a new round of special drawing rights (SDR) universal allocation plans with a scale of 650 billion U.S. dollars.
Georgieva stated that the plan approved by the IMF’s Executive Board on the 8th will be the largest allocation of special drawing rights in the history of the IMF. The purpose is to satisfy the world’s worst crisis since the Great Depression in the 1930s. Long-term demand for reserve assets. The new round of special drawing rights allocation plan will be submitted to the IMF board of directors for consideration. If approved, the allocation is expected to be completed before the end of August.
BP Statistical Yearbook: 2020 Global Energy Demand Decline, China Outstanding
Affected by the new crown epidemic, energy consumption and carbon emissions in almost all parts of the world will decline in 2020, and global demand will drop by 4.5%, but China is a major exception.
BP stated in its World Energy Statistics Yearbook on Thursday that China’s consumption of fossil fuels and renewable energy grew against the trend last year, with natural gas use increasing by nearly 7%, and oil demand increasing by 220,000 barrels per day. Outstanding in the body.
Shipping prices continue to soar from Shanghai Shipping to Rotterdam, the freight rate increased nearly 6 times year-on-year
According to the latest data released by global shipping consulting company Drewry on July 8th, the World Container Composite Index, which reflects eight major trade routes, rose 47% to US$8,795.77 (40-foot container). Drewry pointed out that the index increased by 333% year-on-year compared to 2020, and expects that freight rates will rise further in the coming week.
In terms of different routes, based on a 40-foot container, the offer from Shanghai to Rotterdam, the Netherlands, was US$12,795, an increase of 5% from last week, and a year-on-year increase of 596%. A year-on-year increase of 514%; Shanghai to Los Angeles quoted US$9631, an increase of 5% from last week and a year-on-year increase of 229%.
“Black Swan” is about to dance?Agency warning: gold may encounter a “purchase panic” wave, crude oil hopes to soar to 160
On Thursday (July 8), Rozencwajg Associates managing partner Leigh Goehring said that inflation has arrived, but the price of gold may rise sharply in the next few years, triggering a panic in gold purchases.
“We already have 5% inflation. It is safe to say that the 5% inflation rate will continue in the next 6 to 12 months. Then we will have a black swan event and prices will rise sharply. Just like in the 1970s That happened,” Goring told Kitco News.
It is impossible for governments around the world to continue printing large amounts of money without consequences. Goering pointed out that these harmful negative effects will begin to manifest as early as next year.
The five-party talks are officially finalized: there will be no spectators in the Tokyo Olympic Games
Due to the escalation of the epidemic, Tokyo will enter a state of emergency for the fourth time from July 12 to August 22. This also means that the entire Tokyo Olympics will be conducted in a state of emergency, and whether to allow spectators to enter is also highly anticipated. On the evening of the 8th, the Japanese Olympic Minister Marukawa Suyo announced that all venues in Tokyo during the Olympic Games will not allow spectators to enter the stadium to watch the games.
European Commissioner for Economic Affairs: European digital tax will not undermine global agreements
Gentiloni, the European Commissioner for Economic Affairs, said that he is optimistic about the global taxation agreement; he will cooperate with the United States on the EU digital tax; he believes that the EU digital tax will not undermine the global agreement and appreciates the European Central Bank for incorporating climate issues into its policy framework.
The EU settles accounts: Brexit should give us 47.5 billion euros
According to the EU’s 2020 summary budget report, as part of the UK’s post-Brexit financial settlement, the UK should pay 47.5 billion euros (56.23 billion US dollars) to the EU.
The report mentioned that the money is due to a series of provisions of the Brexit agreement, and the total amount is much higher than expected.
U.S. stocks in focus
Surprisingly exceeded expectations!The number of initial jobless claims in the United States increased to 373,000 last week
Data released by the US Department of Labor on Thursday showed that as of July 3, the number of people claiming unemployment benefits was 373,000, an increase of 9,000 from 364,000 last week. In contrast, the market forecast is 350,000. people. The US Department of Labor reported that as of the week of July 3, the number of jobless claims rose unexpectedly, which may mean that the accelerated growth of employment in the first half of 2021 may face obstacles in the coming months.
S&P Dow Jones and others have eliminated many Chinese companies from the Ministry of Foreign Affairs: this is their own loss
On July 9, Foreign Ministry Spokesperson Wang Wenbin presided over a regular press conference. A reporter asked questions. S&P, Dow Jones and FTSE Russell decided on the evening of the 7th to remove more Chinese companies from their indexes. Prior to this, the United States had a new administrative order prohibiting domestic investment in companies allegedly connected to the Chinese military. Does the Ministry of Foreign Affairs have any comment on this?
Wang Wenbin said that the opening of China’s capital market is increasing, and the absence of individual companies in some international indexes does not prevent international investors from investing in these companies in a variety of ways and sharing the dividends of China’s development. Excluding high-quality Chinese companies from the relevant indexes will only reduce the authority and representativeness of these indexes. This is their own loss.
Morgan Stanley: 10-year U.S. Treasury yields will still rise before the end of the year or reach 1.8%
Morgan Stanley’s chief cross-asset strategist Andrew Sheets said that interest rates still have some room to rise, and the 10-year U.S. Treasury yield “will eventually continue to rise” and may reach 1.8% by the end of 2021.
And Sheets believes that the stimulus that drives up U.S. bond yields will appear in the second half of 2021. By then, the US labor market will see a strong recovery, schools will start and resume classes in September, unemployment benefits will expire in September, and the Fed may also start discussing policy tightening in September.
Therefore, the current continued decline in the 10-year U.S. Treasury yield is only temporary.
San Teng Technology (SNTG.US) IPO price is 5 US dollars / share to land on Nasdaq tonight
On July 9, the financial service provider San Teng Technology (SNTG.US) announced the pricing of its initial public offering, issuing 4,000,000 common shares at a price of $5 per share. The company’s common stock has been approved for trading on the Nasdaq Capital Market and is expected to begin public trading on the Nasdaq on July 9, 2021, Eastern Time, under the stock code “SNTG.”
U.S. stock company
Amazon’s Android App Store failed but became evidence of Google’s antitrust lawsuit
On July 9th, Beijing time, in the latest application store antitrust lawsuit filed by multiple states against Google in the United States, prosecutors found a strange victim to support their allegations: Amazon. The online retail giant is one of only a few companies whose market value is higher than Google.
Amazon also has an app store. More than ten years ago, Amazon started to build its own Android application store, but it failed to achieve much success. In Google’s lawsuit, Amazon’s name was mentioned more than 20 times to prove that even a well-funded and powerful technology giant like Amazon could not relax Google’s control over smartphone operating systems.
Tesla will be punished for illegal construction activities at the Berlin Gigafactory site
According to media reports, a local authority in Germany stated that it is preparing to impose a fine on electric car manufacturer Tesla for illegal construction activities at the site of the Berlin Gigafactory.
According to the report, the Environmental Department of Brandenburg, Germany, discovered that Tesla had built three storage tanks in an unauthorized area. Brandenburg Ministry of Environment spokesperson Sebastian Arnold (Sebastian Arnold) said that these storage tanks are containers for different liquids. Previously, the company had been banned from using built tanks.
According to reports, the German state of Brandenburg has initiated a fine procedure for Tesla.
Microsoft will spend 200 million US dollars to distribute bonuses to employees in response to the “resignation wave”
According to media reports on July 9, after being affected by the new crown epidemic for more than a year, Microsoft will issue a bonus of US$1,500 to many of its employees. According to reports, this care may help reduce the impact of the “Great Resignation” trend.
Exposure of Apple’s M2 chip postponement: still 5nm process, new architecture
According to previous news, Apple will launch a MacBook Pro equipped with an upgraded M1 chip around September. This chip has been considered as Apple’s second-generation self-developed chip M2.
However, judging from the latest news, this chip is only a slightly upgraded version of M1 and will be named “M1x”.
This means that Apple’s M2 self-developed chip will be unveiled for a long time. Not long ago, some whistleblowers said that the M2 will debut in the first half of next year, but today there are new revelations, and this new product has been affected by some externalities. , And design influence, will be postponed to release.
Nokia launches a global “lawsuit war” against mobile phone manufacturers, OPPO responds that its 5G license fee is extremely unreasonable
At present, Nokia is launching patent infringement lawsuits against Chinese mobile phone manufacturer OPPO in the UK, France, India and other countries. The two companies signed a global 4G patent cross-licensing agreement in November 2018.
In the morning of July 9th, in response to the lawsuit initiated by Nokia, OPPO said that Nokia advocated extremely unreasonable licensing fees and through the lawsuit, OPPO made concessions in licensing negotiations.
Shanghai Disney’s fare increase is as high as 769 yuan, effective from January 9 next year
On July 9, the official website of Shanghai Disney Resort announced that starting from January 9, 2022, Shanghai Disney Resort will adjust the ticket prices of Shanghai Disneyland under the current four-tier fare structure.
The annual card price of Shanghai Disneyland will remain unchanged for a period of time, and will continue to be the most cost-effective choice, and the current annual card price will remain unchanged for a period of time after the ticketing plan adjustment takes effect. According to different types of annual cards, Shanghai Disneyland annual card holders can visit Shanghai Disneyland multiple times throughout the year, enjoy many park-exclusive discounts, and have the opportunity to be invited to participate in special events, celebration parties, and Disney friend experiences Wait.
Ideal car CEO: I wish the people who spread the rumors are full of mercury in their minds. The owner of the “mercury door” responds: I find it hard to accept
The “Mercury Gate” incident of the ideal car has fallen into a stalemate. Although it has been tested and confirmed that the substance found by the car owner on the seat is mercury, Ideal Car insists that the use and purchase of mercury (mercury) in all aspects of its parts, production, and manufacturing are zero, and it insists on passing the judicial system. Ways to solve the problem.
On the evening of the 8th, Mr. Sun responded to some of the doubts about him from the outside world in an interview. He said that he was not for the attention of people, nor was it for high-priced claims, he just hoped to clarify the incident.
360 IOU was taken off the shelf, emergency response! The central bank talks about the new storm of mutual fund rectification on 13 platforms?
The 21st Century Business Herald reporter learned exclusively that the 360 IOU APP, the core product of 360 Digital, has been removed. The reason for the removal may be related to the discussion with the central bank and other financial regulators on April 29 this year about 13 Internet financial platforms and requesting rectification.
It is reported that the 13 Internet financial platforms interviewed by supervision are: Tencent, Duxiaoman Finance, JD Finance, ByteDance, Meituan Finance, Didi Finance, Lufax, Tianxing Digital, 360 Digital, Sina Finance, Suning Finance, Gome Financial Technology, and Ctrip Finance have been verified by 21st Century Business Herald reporters. As of press time, only the 360 IOU APP under 360 Digital has been removed from the shelves, and other platforms can still be searched in major app stores.
(Source: Oriental Wealth Research Center)
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