The S&P and the Dow stopped two consecutive positives, Nasdaq** rose slightly, barely three consecutive yang. Tesla fell more than 2%. Samsung's earnings warning, the chip stock index closed slightly higher after falling more than 1% intradayNvidia closed up 17%, another record high, which fell more than 1% intraday.
The yield on the 10-year Treasury note regained 40%, but the intraday turn fell, continuing to break off the three-week high. U.S. Dollar Index**.
After the ETF farce, Bitcoin soared and dived, Bitcoin intraday rush up 4$790,000 refreshed a 21-month high, and then quickly dived more than $2,000.
U.S. oil once rose more than 3%.；U.S. natural gas surged 7% to hit the biggest increase in nearly seven months, and rose for six consecutive days to a two-month high. London copper fell for eight consecutive years, and ** both closed at a new low in the past four weeks.
In the Chinese market, during the U.S. stock market, the Chinese concept stock index fell more than 1% and fell for four consecutive yearsDada fell more than 6%, and JD.com fell more than 2%.；The offshore yuan fell more than 200 points intraday and fell to 718，A new four-week low。The three major A-share indexes all closed higher, with 30-year treasury bonds** hitting a new high, high-dividend sectors collectively picking up, and shipping sluggish throughout the day.
General Directorate of Financial SupervisionCorporate Governance Division: Keep an eye on "key people" and "key things".Promote the normalization of disclosure of shareholders with major violations of laws and regulationsU.S. stocks: The Dow fell 042%, and the S&P 500 fell 015%, the Nasdaq rose 009%。In 2023China's auto marketFinale,Retail sales of new energy vehicles increased by 36% for the year2%。In the first 11 months of last yearGlobal battery loadingOver 600 GWh,CATL's market share increased year-on-year
Hackers "fake the Holy Decree".AnnouncedBitcoin spot ETFsApproved, SEC clarified,Bitcoin plunged more than $2,000 after rally
World Bank: The global economy is expected to usher inWorst five-year growth in 30 years
MicrosoftwithOpenAI is targeted by EU antitrust authorities, arguing that Microsoft's $13 billion investment would result in a lasting change in control or meet certain criteria for a merger review.
Alibaba's upgraded intelligent procurement assistantAppearancecesGoogleCES officially announced the alliancetiktokAndroid phones are short** available on TV**
European stocks: Europe's STOXX 600 index closed down about 02%。Germany's DAX 30 index closed down 017%。France's CAC 40 index closed down 032%。Britain's FTSE 100 index closed down 013%。
A shares: The Shanghai Composite Index closed at 289325 points, up 020%。The Shenzhen Component Index closed at 897172 points, up 027%。The GEM index closed at 175078 points, up 036%。
Bond market: The yield on the benchmark US 10-year Treasury note fell 153 basis points at 40152%。The two-year Treasury yield fell 083 basis points at 43663%。
commodity: WTI closed up 1 in February$47, an increase of almost 208% to 72$24 barrel. Brent closed up 1 in March$47, an increase of 193% at 77$59 barrel. COMEX closed down 002% at $2,033 an ounce. Lunxi closed down more than 1%, and London copper fell more than 09%。
Domestic macro
The State Administration of Financial Supervision pointed out that the State Administration of Financial Supervision will strengthen the rectification and supervision of problems in the field of corporate governance, and promote the formation of a closed loop of "risk early warning, problem rectification, and early intervention". Pay close attention to "key people" and "key matters", and promote the normalization of disclosure of shareholders with major violations of laws and regulations. The five major futures exchanges have made a move, the handling fee has been reduced, and the rumors of the salary cut of the top ** company have aroused heated discussions, but there are also companies that have raised salaries. According to rumors, a leading ** company held a meeting to discuss a salary cut, and the reduction rate was as high as 50% to 70%. The information is currently unconfirmed. Some industry insiders said that the salary cut was expected, but the magnitude of the decline was unexpected. There are also some ** companies have seen salary increases, and a ** company in the south has achieved a record high in revenue in recent years by streamlining the number of people and focusing on core business, and the salary of employees has increased significantly. PSL + room ticket, shed reform era 2Is 0 coming?The industry generally believes that the resumption of PSL will mainly be invested in the "three major projects" of affordable housing, urban village renovation and "peacetime and emergency" public infrastructure construction. The analysis points outAt this time, the resumption of PSL may play more of a supporting role, and the 350 billion yuan PSL may only be the beginningWhether it can drive the property market depends on the continuous investment of subsequent PSL, the scope of urban village transformation and the actual landing. Domestic companies
China's auto market ended in 2023, and the retail sales of new energy vehicles increased by 36% for the whole year2%。In December, the domestic retail penetration rate of new energy vehicles was 402% compared to 29 in the same period last year6% penetration rate increased by 106 percentage points,The annual penetration rate is 357% increase by 81 percentage point。The market share of independent brands is far ahead. In the first 11 months of last year, the global battery installed exceeded 600 GWh, and CATL's market share increased year-on-year. CATL with 2334 GWh tops the listA year-on-year increase of 483%, with a market share of 374%；BYD ranked second, with a loading volume of 983 GWh, up 604%, with a market share of 157%。Xiaomi Auto said that within 500,000 yuan, Xiaomi Su7 has no opponent and will not cooperate with third-party car companies to launch smart cars. The Xiaomi Su7 is the standard version, there are no plans to launch a Redmi car. Mobile phones are still Xiaomi's core business, and they are the core foundation of the "people, cars, and home ecology" strategy. According to the news, the annual revenue of Chinese e-commerce giant SHEIN is well over $30 billion, beating the established retailers. GlaxoSmithKline (GSK) will buy asthma drug maker AIOLOS for $1.4 billion**. Founded less than a year ago, AIOLOS and its core products were purchased from Hengrui, and the acquisition of GSK proves that China's innovative drugs have shown global competitiveness. The price of lithium broke the core cost line again, and the unit price of 100,000 yuan tons was not the bottom. This has been lower than the cost line of 150,000 tons (lithium salt manufacturers relying on external lepidolite ore) and the support line of 100,000 tons (lithium salt manufacturers with their own lepidolite or lithium concentrate), resulting in many lithium salt manufacturers have faced the risk of loss. Overseas macro
The hacker announced the approval of the Bitcoin spot ETF by "fake propaganda", and the SEC clarified that Bitcoin dived by more than $2,000 after the rally. The SEC clarified that its official X account was hacked, made an unauthorized post, in fact, did not approve the Bitcoin spot ETF. After the news of the ETF approval, Bitcoin *** rushed up 4$790,000, immediately after the dive, falling below 4$60,000. World Bank: The global economy is on track for its worst five-year growth in 30 years. The World Bank expects global economic growth to slow for the third consecutive year in 2024, from 26% down to 24%, and economic growth is expected to pick up slightly by next year, rising to 27%。The World Bank warnedWithout a "major course correction", the 2020s will be a "decade of wasted opportunities". The White House economic adviser spoke out again, saying that the fight against inflation is not yet complete. Before a number of Federal Reserve** released "interest rate cut" signals one after another, after the United States ** Biden chief economic adviser and director of the National Economic Council Brainard said that although the recent US inflation data has slowed down, the United States ** in the "work is not finished" in reducing inflation. The unemployment rate in the eurozone fell to 6 in November4%, a record low. The issuance of a record 43 billion euros in the European bond market and the oversubscription of multinational bonds were several times oversubscribed. Investors are rushing to lock in higher bond yields before central banks cut interest rates. Deutsche Bank expects thatThe ECB will cut interest rates by a rapid 100 basis points starting in April. Japan** hit another new high, with the Nikkei 225 closing at a 34-year high. Russia's oil production cut in December was the largest since the start of the cut, and call options bet that oil prices will rise sharply. The expectation of a further escalation of tensions in the Middle East is a reason for some investors to be sharply bullish on oil prices. A key barometer that reflects market supply and demandSpot spreads show that for the first time since November last year, the market briefly turned to a premium. On the same day, the U.S. Energy Information Administration (EIA) expects global oil demand to exceed 120,000 barrels per day this year, although demand is expected to slow in the second half of this year. EIA expects Brent*** to be $82 and $79 this year and next year. Overseas companies
Microsoft and OpenAI are targeted by EU antitrust authorities. If the investigation continues to the end, antitrust authorities believe that Microsoft's $13 billion investment has led to a lasting change in control or meets certain merger review criteria, the analysis saidIt may even result in a split of the two companies or other structural or behavioural changes. A number of airlines have found more loose parts for Boeing aircraft, and regulators say the investigation may be extended to other aircraft types. The Boeing 737 Max 9 aircraft door falling off last week is still under investigation, and other loose parts have been found by multiple airlines. NTSB said,The survey is likely to be expanded to include all 737 Max models, causing Boeing shares to fall 23%。Samsung's fourth-quarter operating profit plunged 35%, significantly worse than expected. Sales fell 4 percent year-over-year9% to 67 trillion won, and operating profit fell 35% year-on-year to about 28 trillion won. The analysis predicts that Samsung's chips are expected to be further in the first half of this year. ces
The CES of the Consumer Electronics Spring Festival Gala added another AI fire, and Alibaba's upgraded intelligent procurement assistant was unveiled. Alibaba International Station said,The new feature of the Smart Procurement Assistant, "Instant Help", will make its debut at CESIt leverages AI chatbots to answer basic user queries and provide real-time insights and resources, regardless of time zone or language. Since the launch of the Smart Purchasing Assistant in September last year, buyers who use the assistant's image search function have a 28% higher transaction rate than buyers who only use text search. Google CES officially announced that it has teamed up with TikTok, and Android phones are short**Available on TV**. Android users can display short clips from the TikTok app on TVs equipped with Google Chromecast. Another new Google feature allows users to launch podcasts on their Android phones and stream them to a Pixel tablet. Google has also introduced the Quick Pair feature to speed up the connection of Bluetooth accessories such as headphones to Google TV devices. Google also officially announced its cooperation with Samsung to launch a new document quick sharing function. Railways|On January 9, the 2024 China State Railway Group Work Conference was held in Beijing. The meeting proposed that it is necessary to strengthen the cross-regional and cross-mode integration of comprehensive transportation channels, hubs and networks, continue to expand effective investment in railways, moderately advance investment in railway infrastructure, innovate investment and financing mechanisms, and strive to promote railway transformation and upgrading.
Comments: During the "13th Five-Year Plan" period, the national railway fixed capital Shen Wan Hongyuan pointed out that the average annual investment in production reached 798 billion yuan, an increase of 93.4 billion yuan compared with the "12th Five-Year Plan" period. It is estimated that the total scale of fixed asset investment in the "14th Five-Year Plan" is comparable to that of the "13th Five-Year Plan", and in the last three years of the "14th Five-Year Plan", an average of 846.7 billion yuan will be completed every year. According to the past law, the last three years of each five-year plan are generally the peak period of traffic mileage, and the slowdown of railway construction due to the epidemic is expected to usher in the peak of high-speed railway construction and opening to traffic during this period.
Raising chickens|The Centre for Food Safety of the Food and Environmental Hygiene Department of Hong Kong announced on January 9 that in response to the World Organisation for Animal Health (OIE) notification of outbreaks of highly pathogenic H5N and H5N6 avian influenza in Jangheung-gun, Jeollanam-do Province and Boseongna respectively, the Centre immediately instructed the trade to suspend the import of poultry meat and products (including poultry eggs) from the above-mentioned areas to protect public health in Hong Kong.
Comments: Recently, avian influenza has broken out again around the world, involving the United States, France, Germany, Italy, the Netherlands and other European and American countries. In Asia, South Korea, Japan, Cambodia and other countries have seen epidemics. Hua Chuang** said that at present, domestic chicken seedlings are continuously suppressed by chicken, the industry is expected to drop to a low point, the trend of de-capacity is obvious, and the elimination of breeders continues to be low. The follow-up production capacity will be accelerated, the industrial chain will usher in an upward trend, and the long-term logic of limited overseas introduction may continue to be verified.
Alzheimer's disease|On January 9, according to the State Food and Drug Administration, the lencanemab injection applied by Eisai (China) Pharmaceutical Co., Ltd. was approved for marketing for mild cognitive impairment caused by Alzheimer's disease and mild dementia caused by Alzheimer's disease.
Comments: Galaxy ** believes that Alzheimer's disease is the most common neurocognitive disorder in clinical practice, and the population over 60 years old in China will exceed 2 in 2022800 million, the number of patients is 10 million to 14 million, and with the deepening of the aging population, it is increasing year by year, and the market space for early intervention is broad. The main methods of diagnosis of Alzheimer's disease include cognitive assessment, neuroimaging, and in vitro diagnosis. At present, the market pattern of high-end diagnostic reagents is good. The neuroimaging industry chain mainly includes equipment and imaging agents, and there is a lot of room for improvement in the localization rate.
Nuclear power|According to reports, Beijing Betavolt New Energy Technology Co., Ltd. recently announced the development of a miniature nuclear battery. The R&D team uses nickel-63 nuclear isotope decay technology and diamond semiconductors to miniaturize, modularize and reduce the cost of nuclear batteries. The company's first product, the BV100 battery, has a power of 100 microwatts, a voltage of 3 volts, and a volume of 15 15 5 cubic millimeters, which is smaller than a coin. Zhang Wei, chairman and CEO of the company, said that the new nuclear battery can achieve stable power generation for 50 years, without maintenance and without external radiation.
Comments: After the new nuclear battery is mass-produced and put into the market, it will meet the long-endurance scenarios such as aerospace, AI equipment, medical equipment, micro-electromechanical systems, sensors, small drones and micro-robots. If the power is sufficient, the nuclear battery can keep the phone without needing to be charged, and the small drone can also stay in the air "permanently".
Cloud computing|According to the Ministry of Industry and Information Technology on January 9, in order to give full play to the leading and normative role of standards in the cloud computing industry and continue to improve the standard system, the Ministry of Industry and Information Technology organized relevant units to compile and complete the "Guidelines for the Construction of a Comprehensive Standardization System for Cloud Computing" (draft for comments).
Comments: China's cloud computing industry is in a stage of vigorous development. According to preliminary statistics, the size of China's cloud computing market will reach 4,552 in 2022400 million yuan, an increase of 335%。With the promotion of new infrastructure construction, cloud computing will accelerate its application and achieve rapid development in various fields such as the Internet, finance, transportation, logistics, and education. In the context of the global digital economy, cloud computing has become an indispensable tool for the digital transformation of enterprises, and the process of enterprise cloud computing will be further accelerated. China attaches great importance to the development of the cloud computing industry, and has formed some Chinese characteristics in terms of policy standards, industrial layout, deployment models, and industry applications.
Fujian|The Ministry of Commerce, the Taiwan Affairs Office, the National Development and Reform Commission, and the Ministry of Industry and Information Technology jointly issued the "Notice on Several Measures to Support Fujian in the Economic and Trade Field to Explore a New Road for Cross-Strait Integrated Development". It is mentioned that it will support the construction of Fujian's cooperation platform with Taiwan. Support the high-quality construction of cross-strait integrated circuit industry cooperation pilot zones. Support the construction of Taiwanese investment zones in Fujian, and build key functional parks for the agglomeration and development of Taiwan's advantageous industries.
Changes in US EIA** inventories last week.
New York Fed President Williams speaks.
The 2024 International Consumer Electronics Show (CES) will be held.
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