will take you to review history. Data released by the US Department of Commerce on September 13 showed that the US CPI in August had increased by 8.3% year-on-year, with the previous value of 8.5%, and the estimated 8.1%. In August, the index excluding food and energy increased by 0.6% month-on-month and 6.3% year-on-year.
US CPI exceeded market expectations in August, and the core CPI rebounded again, indicating that US inflation has strong stickiness. In order to control inflation, Fed will continue to aggressively raise hike rate , which immediately broke the market's expectations that the Fed will start to cut interest rates next year. At that time, the market even expected a 100 basis point interest rate hike in November.
0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 The strengthening of the US dollar led to a sharp depreciation of non-US currencies. Central banks in various countries have to follow the Federal Reserve's aggressive interest rate hikes and use of foreign exchange reserves, which has exacerbated the fragility of global financial markets. Global stock markets ushered in a round of sharp drops in .
Around the National Day, the US dollar index and US Treasury yields fell sharply, and global stock markets also ushered in a respite period, but this week it is time for the United States to release its September inflation data, and global financial markets may face the fear of being dominated by a strong dollar again. Due to the painful lessons learned last month, the market has started a safe-haven mode ahead of schedule this week. The US dollar index has risen above 113. Today, the offshore RMB exchange rate continues to depreciate during the session, approaching 7.2 again.
Last night, the United States released its September PPI data. 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 largest increase in since May .
You need 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%.
Because the PPI data in September exceeded expectations, the market was worried that the CPI data would also exceed expectations. Out of safe-haven, northbound funds sold a net sell of 8.035 billion today, 5.876 billion yesterday, and nearly 14 billion in two days. Today, A shares is still resilient under the fierce selling of foreign capital.
Specifically, Shanghai Composite Index fell by 0.30%, holding 3,000 points, the ChiNext Index rose by 0.32%, and the Science and Technology Innovation 50 rose by 0.17%. More than 3,200 stocks in the entire market rose, and more than 1,500 stocks fell. The transaction volume of the two markets increased slightly compared with yesterday to 0.72 trillion yuan.
It is worth mentioning that although the Hong Kong stock has fallen terrible recently, the pace of domestic capital buying at the bottom of Hong Kong stocks has increased. This year, southbound funds have net bought 217.7 billion Hong Kong stocks, 31.2 billion Hong Kong stocks in September, and nearly 10 billion yuan in four trading days this week.
Look at A-shares again. Looking at the A-shares by sector, computers, medicine, medical care, breeding, military industry, etc. lead the rise, coal, liquor, new energy vehicles, non-ferrous metals, , etc. lead the decline, and concept sectors such as Xinchuang and digital currency set off a wave of daily limit, mainly due to the policy of the game conference. The sharp drop in liquor, banks, coal, etc. may be related to the crash of northbound funds. When foreign capital sells large numbers, they usually sell heavy stocks without thinking.
Risk warning:
The stock market is risky, so you need to be cautious when investing. This article does not constitute investment advice, and readers need to think independently.
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