ATFX-Golden Ten Data Global Finance Breakfast | August 21, 2023

atfxcapital[Today's Best]

Australian LNG workers plan to go on strike within seven days

The SEC has appealed the Ripple ruling

Bank of America: Prepare for the return of 5% U.S. Treasury yields

India plans to ban the export of rare metals such as lithium, beryllium, niobium and tantalum

Securities Supervision Commission determines package of policy measures for active capital markets

The central bank and other three departments: coordinating and coordinating financial support for local debt risk mitigation

Shanghai, Shenzhen and North Exchanges further reduce securities transaction fees

The brokerage will submit a commission rate reduction plan

ATFX Capital[Market Inventory]

Last Friday, spot gold fluctuated sideways in the range of nearly $10, and finally closed up 0.03% slightly at $1889.42/ounce, marking the fourth consecutive week of decline as high U.S. Treasury yields suppressed interest-free asset gold; spot silver finally closed up 0.28% at $22.75/ounce, but still recorded the largest weekly decline in nearly two months.

The dollar index continued to set a new two-month high during the session, and then almost gave up all its gains. Finally, it closed slightly higher by 0.029% at 103.47, recording a weekly positive streak, setting a record for the longest consecutive rise in 15 months. The yield of the 10-year US Treasury bond retreated from a high level, closing down for the first time in nearly two weeks, at 4.251%.

International oil prices rose in the day on signs of slowing U.S. oil production, but still ended a seven-week winning streak. WTI crude oil rallied upward and finally closed up 1.41% at $81.19/barrel; Brent crude oil closed up 1.13% at $84.91/barrel.

The three major U.S. stock indexes were mixed, with the Dow closing up 0.08%, the Nasdaq and S & P 500 closing down 0.20% and 0.01% respectively, and both recorded three consecutive weekly losses. The Nasdaq China Golden Dragon Index closed down 3.47%, new energy vehicle stocks fell generally, and "Wei Xiaoli" closed down 7.22%, 4.31% and 4.88% respectively. Star technology stocks closed lower, Google fell 1.89% and Tesla fell 1.7%.

European stocks fell collectively, with the German DAX30 index falling 0.65%, the British FTSE 100 index falling 0.65%, and the European Stoxx 50 index falling 0.35%.

The Hang Seng Index of Hong Kong stocks closed down 2.05%, at 17,950.85 points, down 5.89% last week, entering a technical bear market stage; the Hang Seng Technology Index closed down 3.63%, almost touching the 4,000 point mark, down 6.22% last week; Hang Seng China Enterprise Index hit the lowest closing level since November last year. The market turnover of the Hang Seng Index was reported 106.386 billion Hong Kong dollars; on the disk, the automotive and pharmaceutical sectors led the decline, JD.com Health and Ali Health all fell more than 10%; XPeng Motors, NIO and Li Auto all fell more than 5%, leading the decline in the automotive sector.

Class A shares three major index collective adjustment, as of the end of the day, the Shanghai index fell 1%, Shenzhen index fell 1.75%, growth enterprises market index fell 1.31%. On the disk, the new stocks were active against the trend, individual stocks raised the limit tide, Mengguli and other more than ten stocks rose by the limit or rose more than 10%. The environmental protection sector was the top gainer, and the Enlightenment Environment Second Board. The pharmaceutical sector generally corrected, and the ST sector fell back at the end of the day. Insurance, water affairs, banking, gas, transportation facilities and other sectors also rose top. CPO concept, online games, tourism and other sectors fell top. More than 4,000 stocks in the two cities fell.

ATFX Capital[International News]

Australian labor union representatives said that Australian LNG workers gave Woodside Energy Group Limited a seven-day advance notice to strike, which could disrupt LNG shipments in Australia, the world's largest exporter.

2. The SEC has filed a motion to appeal against the Ripple ruling, which held that cryptocurrencies are not securities. According to market news, the SEC is set to give the green light to the Ethereum futures ETF.

3. On August 20 local time, Tropical Storm "Hillary" had made landfall in Mexico and was expected to enter the United States that afternoon. Most of Southern California was under a state of emergency.

4. Bank of America has warned investors to prepare for the return of 5% U.S. Treasury yields, that is, a return to the U.S. Treasury market before the financial crisis.

Goldman Sachs has raised its forecast for real US GDP in 2023 to 2%.

The weekly schedule of the European Central Bank shows that ECB President Christine Lagarde will address the Jackson Hole Symposium at 13:00 local time on August 25 (03:00 am Beijing time on August 26).

7. The German finance minister said Germany would cut its debt, denying rumors of a tax.

8. The Bank of Turkey has set a target for the banking sector to reduce exchange rate-linked deposits.

9. India plans to ban the export of rare metals such as lithium, beryllium, niobium and tantalum in order to ensure the country's self-sufficiency in important mineral resources. In addition, India has imposed a 40% tariff on onion exports, which will take effect immediately and will be valid until December 31.

10. Japanese Prime Minister Fumio Kishida will chair a cabinet meeting on the 22nd to discuss arrangements for the discharge of nuclear wastewater.

11, Japan, the United States and South Korea will start the supply chain early warning system practice run to prevent semiconductor and other important materials supply chain chaos.

12. According to the British "Daily Telegraph", the UK is in talks with tech giants about artificial intelligence chips.

13. According to the Wall Street Journal, SoftBank acquired a 25% stake in ARM at a valuation of $64 billion, and SoftBank plans to announce ARM's IPO plans on Monday.

14. According to US media, Russia's blockade has destroyed one-third of Ukraine's food exports.

15. Ukraine said that the center of Chernigov was attacked by Russian missiles, the number of injured rose to 117, and the attack has killed 7 people.

16. According to sources familiar with the matter, US President Biden will pay a state visit to Vietnam in mid-September and sign a strategic partnership agreement with Vietnam.

17. South African President Ramaphosa said that more than 20 countries are seeking to join the BRICS.

18. According to Iranian Press TV, the Iranian Foreign Minister met with the Saudi Crown Prince.

ATFX Capital[Domestic News]

On August 18, the China Securities Supervision Commission put forward a package of policy measures to activate the capital markets and boost investor confidence, including accelerating the reform of the investment side, optimizing and improving the trading mechanism, and strengthening the counter-cyclical adjustment of the primary and secondary markets.

2. The People's Bank of China, the State Administration of Financial Supervision, and the Securities Supervision Commission jointly held a video conference. The meeting called for coordinating and coordinating financial support for local debt risk mitigation, increasing loan issuance, and adjusting and optimizing real estate credit policies.

3. The Shanghai, Shenzhen and North Exchange has further reduced the handling fee for securities transactions since August 28. The relevant person in charge of the Shanghai Stock Exchange said that the reduction of the handling fee for stock transactions by 30% is expected to make a profit of about 1.40 billion yuan to the market every year.

4. On August 18, the People's Bank of China held a listing ceremony for branches in 31 provinces (autonomous regions and municipalities directly under the Central Government) to restore the provincial branch system, and the original city center branches in the province were renamed municipal branches.

5. Data show that as of August 18, 31 refinancing projects in Shanghai and Shenzhen were terminated, exceeding the number of terminations in the whole of last year. Large brokerage investment bankers: should not over-interpret.

6. Existing brokerages have received regulatory notices: Submit a commission rate reduction plan this Thursday.

7. CICC issued a notice to solicit opinions from the public on the Shenzhen 100 stock index futures and stock index options contracts and related rules.

8. The Hang Seng Index Company announced the quarterly inspection results: Sinopharm was included in the Hang Seng Index, excluding Country Garden.

9. Country Garden's first domestic debt extension plan is determined: "16 Country Garden 05" will be extended for three years, and each account will be repaid 100,000 first. According to the Economic Observation Network, insiders revealed that Country Garden's book funds can only meet the guarantee of the building.

10. China Evergrande clarified that the application to the US court is part of the normal process of advancing overseas reorganization and does not involve a bankruptcy application.

11. The National Medical Insurance Bureau publicized the results of the preliminary formal review of the National Medical Insurance Drug List in 2023, and 390 drugs passed the preliminary formal review, including 2 "anti-cancer magic drugs" and 2 "weight loss magic drugs".

12. According to MIIT Minister Jin Zhuanglong, the country's total computing power reached 197EFLOPS, ranking second in the world. MIIT Vice Minister Zhang Yunming said that political measures to promote the high-quality development of computing power infrastructure will be accelerated.

13. China Mobile and China Electric Power Technology jointly released the "Quantum Computing Cloud Platform", which is currently the largest quantum computing cloud platform in China.

14. The Eastern Theater is located in the airspace of the northern part of Taiwan Island and the Southwest China Sea to carry out training in subjects such as joint seizure of sea and air power, submarine search and anti-submarine.

15. Zhongrong Trust responded to "multiple products are overdue": the company is currently operating normally, and there are still products on sale normally.

16. Li Ka-shing's Beijing residential project will go on sale: 22 years ago, the land price was more than 50 times that of the land price.

17. Dong Mingzhu responded for the first time that Gree "fell" from the 2023 "Fortune" world this year: better than the world's top 500.

The Guizhou Provincial People's Government Network released on the evening of August 18, with the consent of the provincial government, recommending Wang Li as a candidate for the director, vice chairperson and general manager of Moutai Group.

19, industry insiders said that Apple notebook computer expansion in China, Wingtech technology is the exclusive manufacturer of Chinese mainland.

20. The police of the four countries of China, Thailand and Myanmar have launched a joint operation to cooperate in combating special projects of gambling and fraud groups.