Today is October 6th, and the National Day is about to end, but the capital market will not wait until next week to open . Just now, I learned about the three major market news, how will the market go after the holiday? Will it have a good start in October? Emergency remind everyone that the content is particularly important, let’s take a look.
News 1: On October 5, Global Banking Financial Telecommunications Association (SWIFT) announced the experimental results of its central bank digital currency (CBDC) for cross-border payments on its official website. After an eight-month trial of different technologies and currencies, the agency announced the formulation of relevant plans for the global central bank's digital currency network. Participants in the trial include 14 institutions including , central bank and global commercial banks.
Interpretation: Don’t underestimate these digital currency alliance countries. The currency settlement system they launched can change the currency pattern in today’s world and also change the payment system. If it is really promoted, it will also have an impact on the dominant position of the US dollar. It is really hard to say whether it will end the unified position of the US dollar. Among them, good news comes from my country's digital currency.
Recently, good news has also been heard in the cross-border payment field of central bank digital currency. The digital RMB cross-border payment settlement project, "m-CBDC-Bridge", participated by the five state-owned banks of "Industrial and Peasants-China Construction of Diplomacy", was officially launched recently. The platform successfully completed the pilot test of real transactions based on digital currencies of central banks in four countries or regions for the first time. 20 commercial banks from 4 places completed multi-scenario payment and settlement business for customers based on the platform.
So you have also seen that not only our country is engaged in digital currency, but also the major developed countries in the world are advancing. This is a trend and an inevitable choice for history. Therefore, the digital currency track has been hyped for a long time, after all, it has not exploded yet.
News 2: The White House responded to the decision to cut production by OPEC +: Next month,
Interpretation: On Wednesday (October 5), OPEC+ decided to lower oil production by 2 million barrels per day from November, with the reduction of about 2% of global supply. In response, under the instructions of U.S. President Biden , the Department of Energy will provide another 10 million barrels of oil to the market next month from its strategic oil reserves. The statement also reads that "to protect American consumers and promote energy security", Biden may continue to sell stocks "appropriately".
This is not good news. Global oil production cuts indicate that oil prices will rebound again. The United States has sufficient oil reserves and they can put them on the market in time to neutralize the premium. my country's oil relies heavily on imports, so the next time oil price rises or falls, there is too great uncertainty, which will affect the demand in the consumer market.
News 3: After buying Kweichow Moutai in June, the largest overseas Chinese stock fund, Allianz Shenzhou A-share fund, once again increased its holdings in August, and Kweichow Moutai has also become the fund's number one heavy holding. Coincidentally, Chinese funds under European asset management giant Amber Group, with a scale of over US$2 billion, also chose to increase their holdings in Moutai in August.
Interpretation: The end of the year is approaching, and it is the peak season for consumption. It is definitely a good time to buy consumer stocks at this time. I saw in the elevator advertisement yesterday that a company purchased a large number of Moutai liquor. The 2019 version sold for 3,000 yuan, and the 1970 version priced at more than 150,000 yuan. It is not difficult to see from this that it is not surprising that everyone likes to buy Moutai.
0 market outlook for the future market
From the perspective of the global financial market, US stock and Hong Kong stock first rose and then adjusted, and did not fall much. Some people regard this as a holiday effect, believing that A-share vacation is good for global stock markets. Of course, the data is there, and you can't help but believe it. However, I think our stock market has almost fallen, and the downward space is very limited. Instead, a medium-positive line will be pulled out at any time. Let's wait and see!
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