Due to the heavy burden of high electricity prices and high natural gas prices, Europe has successively limited the price of Russian crude oil and natural gas. Yesterday, Europe was preparing to limit the electricity prices of non-natural gas power producers to 200 euros/MWh. In addition, the recently released PMI data shows that the PMI in manufacturing in many countries has shown a downward trend. In order to control high inflation, Europe and the United States will still aggressively raise interest rates in . It can be said that the economic recession in Europe and the United States has become a foregone conclusion.
European restrictions on energy prices and the economic recession in Europe and the United States have all turned the market to pessimistic about the outlook for commodity . Last night, crude oil and natural gas futures plummeted. Specifically, Brent crude oil futures plummeted 5.52%, losing to $88, which is the first time since February this year that it fell below the $90 integer, the lowest since late January. Natural gas in Europe and the United States fell for two consecutive days. European benchmark TTF Dutch natural gas futures fell nearly 11% in the last session to 214 euros per megawatt-hour, with the deepest intraday drop of nearly 15% and falling to an integer of 200 euros, close to a new month low. Currently located near €207.665/MWh.
Commodity futures prices plummeted, eased market concerns about US inflation and helped Federal stop hikes earlier. So, last night, the index of plummeted, the US dollar weakened, and the RMB violently appreciated, rising from the lowest 6.99 to 6.95. US stock also began to stop falling, the US stock Dow Jones Industrial Average closed up 1.40%, the US stock Nasdaq closed up 2.14%, and the Chinese Internet ETF closed up 2.35%.
Recently, due to the rapid depreciation of the RMB, foreign capital has also been sold for five consecutive trading days. Although the capital has stood up in the past two days, A shares has emerged from the independent market. But after all, domestic and foreign capital has not formed a joint force, which leads to insufficient A-share capacity and insufficient market sentiment to go long.
With crude oil plummeting last night, US stocks surged, and RMB appreciated sharply, foreign capital is expected to return to inflow today. If domestic capital also actively goes long at this time, domestic and foreign capital is expected to form a joint force, market sentiment is expected to boost, and A-shares are likely to rise sharply, with the A50 futures rising by 0.43% before the market.
However, I would like to remind you here that yesterday, my country's export data was significantly lower than expected, and exports to Europe and the United States fell sharply, and the exports of electrical equipment, which were previously highly prosperous, also declined. In addition, yesterday, EU restricted electricity prices, which may lead to the hype of the European energy crisis. Everyone should be cautious about chasing highs in the coal, natural gas and energy storage sectors.
risk warning:
stock market is risky, investment should be cautious. This article does not constitute investment advice, readers need to think independently.
