The following is a summary of important information in the global market:
Global macro
The Vietnamese stock market suddenly collapsed! Financial stocks plunged 10%, foreign capital retreats! How is the market going?
On July 12, most of the Asia-Pacific stock markets rose, but in the first half of the year, the world‘s strongest Vietnamese stock market plummeted. The Ho Chi Minh Index fell close to 6%, and the closing rate was still close to 4%. According to data from the Sydney Morning Herald, financial stocks in the Vietnamese market fell nearly 10% at one time, and the index-weighted Saigon Hanoi Business fell 7.7%.
Analysts believe that the plunge in the Vietnamese stock market may be related to the Vietnam epidemic. The Ministry of Health of Vietnam reported nearly 2,000 cases last Sunday, and most of the cases were in Ho Chi Minh City, the center of the country’s outbreak. The country began to restrict movement in major cities, including the economic center Ho Chi Minh City and the capital Hanoi.
MSCI released the first net zero tracking report: global listed companies must significantly accelerate the pace of climate action
The international index company MSCI released its latest quarterly net zero tracking report on July 13. The report reminded that to achieve the temperature control targets in the “Paris Agreement”, global listed companies must significantly accelerate the pace of climate action.
The first net zero tracking report shows that the current global listed companies’ greenhouse gas emissions are still at the same level as in 2013. Data as of May 31, 2021 show that the total annual direct greenhouse gas emissions of listed companies worldwide amount to 10.9 billion tons of carbon dioxide equivalent (CO2e). To achieve the temperature control targets in the Paris Agreement, listed companies need to keep their total greenhouse gas emissions within a budget of 61.4 billion tons of carbon dioxide equivalent (CO2e). Based on current emissions calculations, listed companies will exhaust the remaining emissions budget within six years.
Stamp duty concession ends in the UK’s first week of July property market transactions fell sharply
According to data from the real estate consulting firm Knight Frank, the UK’s turnover in the first week of July was about 60% lower than the average of the past five years, while the turnover in the last week of June was twice the five-year average. the above. Knight Frank’s chief UK housing researcher, Tom Bill, pointed out that after the frenzied trading of stamp duty relief, the market is now “halting its breath.”
The Reserve Bank of New Zealand may open the door to interest rate hikes, there are signs that the economy is overheating
With a series of strong data showing that the New Zealand economy is overheating, the country’s central bank may hint that it is willing to begin tightening monetary policy later this year. The 24 analysts surveyed by the media predict that the Reserve Bank of New Zealand will maintain the benchmark interest rate unchanged at 0.25% at its policy meeting on Wednesday. But economists at the four major banks in New Zealand now predict that the Federal Reserve Bank of New Zealand will start raising interest rates in November, and expect the Federal Reserve to default to this possibility in its policy statement.
The European Central Bank may use tools to curb excessive dividends
Delgado, a member of the European Central Bank’s board of supervisors and deputy governor of the Bank of Spain, said that the European Central Bank may take measures to ensure that banks avoid excessive dividend payments later this year, when the European Central Bank is “most likely” to cancel the dividend ceiling. Delgado said that the European Central Bank will urge those banks that are proposing to pay high dividends to “return to a more even distribution policy.” “If banks do not accept the recommendations of the regulator, we have other tools.” These tools may include raising the bank’s capital. Gold requires or takes qualitative measures. As the European economy gradually gets rid of the worst impact of the epidemic, Delgado’s comments reduce the possibility of a surge in spending.
Soaring oil prices are still spending cautiously. What calculations are made by energy giants?
Due to the recent rebound in oil and natural gas prices, some international energy companies have made huge profits from them. However, they are not in a hurry to spend this “windfall” and plan to focus on the long-term energy transition.
U.S. stocks in focus
Citi economists look ahead to US CPI data: core CPI is expected to rise 0.5% month-on-month
Citi economist Veronica Clark said that the US core CPI is expected to rise 0.5% month-on-month and 4.1% year-on-year. Among them, many factors that have pushed up house prices in recent months, including used car prices, hotel costs and air tickets, may remain strong in June.
However, there is also the possibility that the prices of more durable components such as housing may rise unexpectedly. In addition, other economists interviewed predict that the overall CPI will rise 0.5% month-on-month and 5% year-on-year, and the core CPI will rise 0.5% month-on-month and 4% year-on-year.
Big Bank’s financial report for the second quarter will be announced! How long can Wall Street’s “new crown market” last?
Beginning this week, the major Wall Street banks will kick off the second quarter earnings report season for US stocks. JPMorgan Chase, Goldman Sachs, Citigroup, Wells Fargo, Bank of America and BlackRock will announce their earnings on the 13th and 14th local time. According to FactSet statistics, analysts on average predict that the second-quarter earnings of the six largest US banks are expected to jump 116% from the same period last year.
In fact, in the context of the narrowing of the U.S. stock market and the flattening of the U.S. Treasury yield curve, analysts generally expect that trading revenue will shrink by 28% compared with the same period last year. At the same time, benefiting from multiple rounds of monetary and fiscal stimulus policies by the Federal Reserve and the US Treasury Department, the loan demand of enterprises and individuals has not yet fully recovered. On the other hand, the IPO and mergers and acquisitions and restructuring markets are prosperous, or to promote investment banking business income to become the biggest highlight of the quarter.
The Governor of the New York Federal Reserve said the Fed’s purchase of Treasury bonds also boosted the real estate market
The President of the Federal Reserve Bank of New York, Williams, said that the Fed’s purchase of Treasury bonds and mortgage-backed securities (MBS) can help reduce housing costs, thereby alluding to the ongoing debate among policymakers about whether to It is necessary to reduce the size of MBS purchases at a faster rate than the reduction in the purchase of treasury bonds.
Jefferies: U.S. stocks’ biotechnology sector may stabilize and rebound, industry mergers and acquisitions will heat up again
According to Jefferies data, as the Standard & Poor’s Biotechnology Index has fallen by about 25% from its February high, M&A activities among biotechnology companies will heat up again.
Jefferies analyst Michael Yee believes that after 3-6 months of substantial “reduction”, biotechnology transactions may begin to rebound and seller prices “normalize.” Yee said, “As prices seem to have stabilized for pharmaceutical companies, large pharmaceutical companies and biotech companies may look for suitable targets.”
After 3-6 months of adjustment, large pharmaceutical companies will begin to resume acquisition transactions. In addition, this year pharmaceutical companies may worry that the Biden administration’s Federal Trade Commission may conduct more scrutiny on transactions between biotechnologies.
U.S. stock company
Jingdong will gradually increase the average annual salary of all employees to 16 salary in 2 years
It is reported that on July 13, Jingdong Group announced that from July 1, 2021 to July 1, 2023, it will take two years to gradually increase the average annual salary of employees from 14 to 16. A direct salary increase of two months on the basis of the previous day.
The salary increase is not implemented for all employees. JD’s employees are divided into mpt sequence and os sequence, where m refers to management, p refers to project manager, and t refers to product and technology. And os refers to the grassroots employees, such as sorters and delivery workers. The mpt sequence of this salary increase is fully covered, and the os sequence will increase salary in some regions and certain types of work. The specific plan and content will be discussed by the hr committee and will be notified separately.
The State Administration for Market Regulation approves Tencent’s acquisition of Sogou equity
The State Administration for Market Regulation disclosed a list of unconditionally approved cases of concentration of undertakings, including the acquisition of Sogou’s equity by Tencent Holdings Co., Ltd.
Big things on the stall! Facing a sky-high price of 45 billion to compensate Apple or be driven out of the UK market?
In June 2021, a British High Court judge ruled that Apple infringed two Optis patents and ordered it to pay license fees. The value of this fee has not yet been determined, but the media broke the news that Apple may have to pay 5 billion pounds (about 45 billion yuan) for the use of “standard” smartphone technology in its products. If Apple withdraws from the UK market, then Apple will not need to pay this fee.
It is understood that the case has not yet been finalized, and the final result will be concluded in 2022.
Musk: I’m not the CEO, Tesla will be over
On Monday, local time, Musk appeared in court in the United States to defend Tesla’s 2016 acquisition of solar company SolarCity.
During the trial, Musk said that Tesla is controlled by the board of directors, but if he does not serve as CEO, the company will be over. He said that he had tried very hard not to be the CEO of Tesla, but he had to be the CEO, otherwise, frankly, Tesla would be finished.
“Fat House Happy Wine” is coming! Coca-Cola’s entry into the A-shares of the liquor market has long been “increased by drinking”
It was learned from the National Enterprise Credit Information Publicity System that on July 8, COFCO Coca-Cola Beverages (Tianjin) Co., Ltd. changed its business information and added “liquor business and food Internet sales” to its business scope.
In fact, on June 1 this year, Coca-Cola China has officially announced the sale of alcohol, and for the first time launched an alcoholic beverage in the Chinese market-Topak hard soda sparkling wine.
Industry insiders pointed out that Coca-Cola’s entry into China’s alcohol business and sales was mainly due to China’s huge consumer market and the Coca-Cola brand’s greater influence in China. As for the impact of Coca-Cola’s “drinking” on the market, industry insiders said that Chinese alcohol consumption is mainly Mainly liquor, the impact of alcoholic beverages launched by Coca-Cola may be limited.
Google fined 500 million euros by French regulator for copyright dispute
On July 13, local time, the French Competition Authority imposed a 500 million euro fine on Google Inc. for failing to conduct “good faith” negotiations with French publishers on the payment of news content.
(Source: Oriental Wealth Research Center)
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