Yesterday, when A shares attacked against each other and market confidence repaired, A-shares opened low and rose today, but foreign capital sold nearly 5 billion in a small amount, smashing A-shares. Among them, banks, real estate, liquor and other large-cap blue-chip stocks fell sharply, and Shanghai Stock Exchange 50 fell more than 1%, seriously dragging down A-share performance.
Specifically, the United States released the PPI data for September last night. The United States' September PPI monthly rate recorded 0.4%, higher than the expected 0.2%, and the annual rate dropped from 8.7% to 8.5%. PPI rose by 0.4% month-on-month, breaking the situation of continuous negative growth in July and August. The core PPI index, excluding food, energy and trade services, also rose 0.4%, the biggest gain since May.
Tonight the United States will release the September CPI data. Since the September PPI data exceeded expectations, the market is worried that the CPI data will also exceed expectations. Everyone should still remember the CPI data released by the United States in August in September. It was because the US CPI and core CPI data in August exceeded expectations, causing market expectations Fed to continue to aggressive hike rate , the yields of US dollar and US bond soared, non-US currencies depreciated sharply, and global stock markets ushered in a wave of fierce killing .
Now the US CPI data for September is about to be released. Due to the fierce lessons before, the market dare not bet on the CPI data for September, so it trades in advance by the Federal Reserve and the funds began to hedge risks in advance.
Recently, the dollar index strengthened again, approaching its previous high, the 10-year US Treasury yield exceeded 4% again, and the offshore RMB exchange rate also fell below 7.2 for a time. Although A-shares have rebounded in the past two days, northbound funds sold net 5.876 billion yesterday, and as of press time today, it has sold more than 5 billion. This should be a pre-hacking risk for foreign capital.
When foreign capital sells a large scale, they usually sell the Shanghai Stock Exchange 50 weighted stocks, such as banks, liquor and other sectors. So even though liquor stocks collectively announced their third-quarter performance forecast yesterday, they were still smashed by foreign capital today.
As of press time, Shanghai Composite Index fell by 0.23%, holding 3,000 points, the ChiNext Index rose by 0.59%, rose higher and fell by , and northbound funds sold a net net of 5.144 billion yuan, and the transaction volume of the two markets increased.
Among them, computers, medical care, medicine, smart cars, military industry, etc. lead the rise, while coal, real estate, banks, liquor, etc. lead the decline. The sharp drop in real estate may be because funds cut from the defensive sector to the prosperous track. It is still in stock market. When the market stabilizes, the track has higher elasticity.
Overall, everyone needs to pay attention to the September CPI data released by the United States at 8:30 tonight. Currently, the mainstream market expectation believes that due to the decline in gasoline prices, the year-on-year increase in the United States in September will slightly decrease from 8.3% last month to 8.1%. The year-on-year increase of core CPI, excluding food and energy, may rebound from 6.3% in August to 6.5%.
JPMorgan Chase Trading Department said that for the stock market, as long as the CPI rises higher than the previous value of 8.3%, it will be a big trouble. "It feels like there will be another 5% drop in one day," wrote the bank's strategist Andrew Tyler, who pointed out that just last month (September 13) the inflation data in August was higher than expected, and the day the S&P 500 fell 4.3%.
risk warning:
stock market is risky, investment should be cautious. This article does not constitute investment advice, readers need to think independently.
