Domestic And Foreign Invasion A Shares &Nbsp; Short Term To Maintain A Weak Pattern

The "7. 23" Yongwen line collision accident broke the weak balance which was hard to achieve on the A share market last Friday. Although several listed companies of the railway dispatching concept are temporarily avoiding risks, but in the overall drag of the railway infrastructure unit, the A share market opened early in the morning on Monday. With the adjustment of the gem, the location of the 2750 points of the Shanghai composite index was broken down, and the two indexes reopened a new round of adjustment momentum. In the afternoon, the downtrend continued, the gem index was broken nine hundred, the Shanghai composite index was two thousand and seven hundred, and both stocks were closed at the low point of the day. The Shanghai stock index reported 2688.75 points, down 2.96%, the second largest drop in the year after the 84 day of January 17. The index of Shenzhen composite index, composite index and small and medium-sized board were all above three points, and the gem index fell four points. The two cities traded 217 billion 600 million yuan, about 40% more than last Friday.

Hot spots, High-speed rail The rear end events gave the aircraft, ships and aircraft manufacturing boards a chance to rebound in the early stage, while the dispute over the US debt ceiling made the gold stocks with the risk aversion. Although medical equipment, environmental protection and hotel tourism have some independent stocks, but the overall trend of the plate is limited. Except for the structural opportunities of some stocks, all industries and concepts in the late stage are all ink. On the decline side, the central government stressed that the tone of the real estate regulation in the second half of the year will not be relaxed, so that real estate and related building materials will face greater callback pressure. In addition, power generation equipment, materials, foreign trade, machinery and other industries also fell.

On the domestic side, last Friday, the Central Political Bureau meeting set a tone for the economic work in the second half of the year, emphasizing that stabilizing prices is still the primary task of macroeconomic regulation and control, and real estate regulation must not waver or relax. A renewed tightening is expected to pose a threat to market sentiment.

Last week Pork price The total price of the Ministry of Commerce declined in the first time in January, and the price of producer goods continued to rise for two consecutive weeks. But overall, the pressure on the rise in the price of natural capital is not great. It is predicted that CPI will be 6.3% in July and 7.3% in PPI, and the probability of CPI innovation will decline in July. We maintain the judgment of the trend of high and low prices before the whole year.

The HSBC PMI initial value, which was announced in July last week, has dropped significantly, but it has deviated from the trend of industrial value added. Therefore, it is necessary to further observe whether the official July PMI data released in early August is better than expected. Overall, we believe that the short-term rebound in the economy, but the medium-term downward trend does not change.

In the peripheral market, on the occasion of the good news coming out of the European debt crisis, the US debt ceiling negotiation situation has been sharply reduced. The White House and congressional giants broke up again on the evening of 22 nights. Obama admitted for the first time that there might be a default on US Treasury bonds. It is reported that Congress must reach a consensus 25 days ago, otherwise it will not be able to complete the legislative process before August 2nd, and the risk of downgrading the US credit rating will also surge. Once the conjecture becomes a reality, not only Asian countries, including China and Japan, will suffer huge losses due to their foreign exchange reserves with high dollar assets, but their impact on the global economy will probably exceed 08 years of financial crisis and become a bigger financial tsunami. Therefore, this is also the biggest external uncertainty factor A shares are facing.

Technically, the Long Yin line on Monday established the fifty character star last week. Fall The nature of the relay, plus last week's four consecutive days, has further confirmed the current weakness of the market. From a hot point of view, unless the concept of big consumption and emerging industries and other growth stocks can form a combined force, it may also increase the intensity of short-term technology brew, otherwise the market may continue to fall into a pattern of repeated attempts. In addition, the A-share market tends to reflect policy expectations in advance. Therefore, the monetary policy game after the economic data continues to fall may guide the market to bottom out again and step out of the A. Therefore, it is suggested that investors continue to maintain a robust defense strategy, short term wait-and-see, under the premise of controlling the overall position, undervalued and high growth blue chip stocks can be placed in a low profile.