Hexun
First, the last day news
1. US index provider MSCI Alum stated that it will not include China A-shares in its index stock index. This is a big disappointment for Chinese policymakers who have managed to meet MSCI's request for China to improve capital market access. MSCI Ming said that the delay in the inclusion of China A-shares is to have more time to assess the effectiveness of the Qualified Foreign Institutional Investor System (QFII) quota allocation and capital flow policy adjustments, as well as the effect of the new trading suspension policy. MSCI Alum added that restrictions on repatriation of funds remain a "big obstacle."
2. The informed official said that if the result of the British referendum is to withdraw from the EU, the European Central Bank will openly promise to cooperate with the Bank of England to support the financial market. These preparations reflect the high alert status of the parties on the eve of the British referendum on June 23. According to sources, the ECB's commitment will involve the use of foreign currency swaps with the Bank of England, allowing exchanges between the euro and the pound, effectively providing European banks with unlimited funding for both currencies. Sterling and the euro fell as the market worried that the British retreat could bring the EU back into recession.
3. The British Chancellor of the Exchequer Osborne warned voters that if the referendum results in leaving the EU next week, he will take new measures. In a poll that shows that the referendum favors the Brexit, Osborne Lagoe warned of the consequences of the Brexit, saying he would respond with tax increases and reductions. Osborne detailed the £30 billion fiscal measure, half of which will come from tax increases and half from reductions; he said that according to estimates by independent forecasting agencies, it is necessary to offset the impact of the emergency budget. Tax increases and reductions.
4. At present, half of the German government bonds on the European Central Bank's quantitative easing asset purchase plan are not eligible because the yield (yield) is lower than the deposit rate. According to research by Swiss wealth management company Pictet, the 50% yield of the European Central Bank's selected 2-30 years of German debt is lower than the negative 0.4% deposit rate, which is the asset purchase qualification threshold. This ratio has reached a record high. .
5. US hotel interlocking operator Marriott International's acquisition of Starwood Hotels & Resorts in cash and stocks is expected to receive unconditional approval from the European Union. European Commission spokesman Ricardo Cardoso declined to comment. The agency plans to make a decision by June 27. US and Canadian regulators have given the green light to the deal. Marriott and Starwood did not immediately respond to emails for comment.
Second, the market conditions
International foreign exchange market
The currency opened at the highest and lowest closed before the close of the day
Euro 1.1292 1.1298 1.1189 1.1207 1.1292 -0.75%
Japanese Yen 106.26 106.42 105.63 106.11 106.26 -0.14%
Sterling 1.427 1.4271 1.4091 1.4114 1.427 -1.09%
Swiss Franc 0.9644 0.9669 0.9621 0.9633 0.9644 -0.11%
AUD 0.7387 0.7405 0.7331 0.7358 0.7387 -0.39%
Canadian dollar 1.2837 1.2873 1.2815 1.2872 1.2837 0.27%
Source: Bloomberg
The safe-haven currency yen rose across the board, hitting a three-year high against the euro and the pound, and rose to a six-week high against the dollar as the market worried that the UK might vote for a referendum in 10 days. In addition, the dollar is generally difficult, as the results of the Federal Reserve's Federal Open Market Committee (FOMC) monetary policy meeting this week are uncertain. In late New York, the euro fell 0.4% against the yen, at 119.88 yen. The pound fell 0.9% against the yen to 151.04 yen. The pound fell 0.2% against the dollar to $1.4222. The dollar fell 0.7% against the yen, at 106.21 yen.
Precious metal market
Variety opening price, highest price, lowest price, closing price, intraday (in USD), intraday (in percentage)
Gold 1283.61 1290.18 1275.99 1285.76 2.15 0.17%
Silver 17.45 17.49 17.22 17.39 -0.06 -0.32%
Platinum 990.83 993.13 970.05 975.88 -14.95 -1.51%
Palladium 543.22 545.15 533.50 534.24 -8.98 -1.65%
Source: Bloomberg
The gold price hit a near-six-week high, helped by the UK's fear of leaving the EU and the expectation that the Fed will not raise interest rates in the June meeting. Spot gold closed at $1,285.76 per ounce. US August gold futures closed up 0.1% at $1,288.10 an ounce.
Commodity market
Crude oil
Variety contract expires before the close of the day before the close
WTI JUL 16 48.49 48.88 -0.80%
Brent AUG 16 49.83 50.35 -1.03%
Source: Bloomberg
Oil prices fell for the fourth consecutive day, down 1%, as the nervousness of the Brexit referendum next week overshadowed the impact of the oil market returning to the balance of supply and demand after two years of oversupply. Brent crude oil closed down 0.52 US dollars to 49.83 US dollars per barrel, and US crude oil closed down 0.39 US dollars to 48.49 US dollars per barrel.
2. Basic metals
LME contract expiration date closing price before the previous day closing price ups and downs
Aluminum three months 1610 1600 0.63%
Copper three months 4530 4528 0.04%
Zinc three months 2028 2068 -1.93%
Tin three months 17050 17100 -0.29%
Nickel three months 8835 8875 -0.45%
Lead three months 1694 1705 -0.65%
3. Agricultural products
CME contract closing date closing price before the previous day closing price rises and falls
Corn 2016/9/16 441.75 435.50 1.44%
Soybean 2016/11/16 1149.25 1159.00 -0.84%
Wheat 2016/9/16 497.75 503.25 -1.09%
Soybean oil 2016/12/23 33.26 33.24 0.06%
Source: Bloomberg
currency market
LIBOR
The current price of the current price
O/N 0.3855 0.3861 -0.16%
January 0.44205 0.44655 -1.01%
March 0.6525 0.6556 -0.47%
June 0.9364 0.94415 -0.82%
December 1.25925 1.2735 -1.12%
Source: Bloomberg
Bond Market
US Treasury Bond
Term release date due date closing % previous day closing %
3 years 2016/6/15 2019/6/15 0.85 0.84
10 years 2016/5/16 2026/5/15 1.61 1.61
30 years 2016/5/16 2046/5/15 2.42 2.43
Source: Bloomberg
US Treasury yields have remained unchanged from late yesterday's level. At the beginning of the session, they were near the low of nearly four months. The impact of strong US economic data was offset by increased concerns about the UK's withdrawal from the EU. The index 10-year US Treasury bond price rose by 1/32, and the yield was reported to be 1.613%. The bond yield curve flattened and the difference between the two-year and 10-year bond yields narrowed to the narrowest level since November 2007.
Stock market
US stock market
Closed before the close
Dow Jones 17674.82 17732.48 -0.33%
Standard & Poor's 2061.50 2065.90 -0.21%
NASDAQ 4843.55 4848.44 -0.10%
Source: Bloomberg
US stocks closed for the fourth consecutive day, and Fed policymakers are meeting to assess the US economy, and investors are worried about the upcoming Brexit referendum. The Dow Jones Industrial Average closed down 57.66 points, or 0.33%, to 17,674.82 points; the S&P 500 closed down 3.74 points, or 0.18%, to 2,075.32 points; the Nasdaq index fell 4.889 points, or 0.10%, to 4,843.551 points. .
Hong Kong stock market
Closed before the close
Hang Seng Index 20387.53 20512.99 -0.61%
Hang Seng China Enterprises Index 8538.09 8619.92 -0.43%
Source: Bloomberg
The Hong Kong stock market closed lower, concerns about the Chinese economy, and the uncertainty of the US Federal Reserve Board (Fed/FED) meeting this week and the UK Brexit referendum next week have weighed on market sentiment. The Hang Seng Index fell 0.6% to close at 20,387.53 points; the Hang Seng China Enterprises Index fell 0.4% to 8,583.09 points.
Watch today
Economic data (GMT time):
-- China's central bank may announce May social financing, credit and M2 data
--South Korea's import and export and trade balance corrections in May
-- Australia June Consumer Confidence Index (0030)
-- France's May Consumer Price Harmonization Index (HICP) final value (0645)
- UK unemployment claims in May, three months unemployment rate as of April (0830)
-- Eurozone April trade balance (0900)
--United States MBA Mortgage Market Index (1100)
-- US June Federal Reserve Bank of New York Manufacturing Index (1230)
-- US May Producer Price Index (PPI) (1230)
--Canada April Manufacturing Sales (1230)
--United States May Industrial Production (1315)
-- US overall net capital flow in April (2000)
-- New Zealand's first quarter gross domestic product (GDP) (2245)
--Japan International Capital Flow Data (2350)
Major economic events and official speeches (GMT time):
-- The Federal Open Market Committee (FOMC) of the Federal Reserve Board of Governors announced the interest rate decision, followed by a statement (1800)
-- Federal Reserve Chairman Yellen held a press conference on interest rate decision-making (1830)
-- Singapore Monetary Authority announces quarterly professional forecast report (0400)
-- Bank of Japan holds policy meeting (until June 16)
- Indonesian central bank holds a meeting (until June 16)
--Asian Development Bank (ADB) President Nakao Takehiko visits Vietnam (until June 17)
-- The Danish central bank will release the latest economic growth forecast and hold a press conference (0830)
-- The 118th General Assembly of the European Union Regional Committee
-- German central bank president Wei Deman delivered a speech at the seminar jointly organized by the central bank and the Monetary Stability Foundation (1400)
-- ECB Vice President Gonzalthio speaks at a macroeconomic symposium (1430)
-- German Finance Minister 朔 Ibler held a press conference
-- Bank of Canada President Poloz gave a speech (2340)
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