Xu Chenghong: Ukrainian Situation Makes The Market Difficult To Secure Data Or Detonate Market

The situation in Ukraine, which continues to affect market sentiment this year, is still the most important external news event that investors are concerned about. It has held a referendum in Donetsk state and lugannsk state in eastern Ukraine. The result shows that up to 90% of voters voted for Ukraine to leave the country and prepare for the future integration into Russia. < /p >
P also condemned the referendum on independence in eastern Ukraine. EU 28 foreign ministers gathered in Brussels on the same day. After further negotiations on sanctions against Russia, they decided to expand sanctions against Russia and to include Crimea in the sanctions area. Meanwhile, White House spokesman Carney also said on Monday that the United States would not agree with the illegal referendum held in eastern Ukraine on autonomy, and regarded it as a blatant attempt to further split and riot the country. < /p >
< p > however, from the current situation, the global parties have maintained considerable restraint on the situation in Ukraine, and everyone has been avoiding the next step that may exacerbate the situation, which has played a certain role in appeasing the market sentiment. < /p >
Pro Russian rebel forces in eastern Ukraine declared victory in a referendum on autonomy. Sunday, nearly 90% voters voted for autonomy and the independence referendum highlighted the threat of civil war in the country, the interim voting organizers in major areas said on Sunday. This conflict may shake confidence and combat trade between Russia and other European countries. < /p >
< p > Russian news agency reported on Monday that the Lugansk area in eastern Ukraine may hold a referendum on joining Russia. If the decision of a referendum is made, the will of the people will be taken seriously. < /p >
The crisis has severely damaged the already fragile Russian economy and reduced its hopes for Russia's recovery in 2014 and made the country likely to fall into recession. In this case, investors haste to withdraw investment in Russia. < /p >
After the referendum in eastern Ukraine, the risk mood of the global financial market is different. The risk assets of European and American stock markets also reached a new high for many years. The situation of different market risks and emotions shows that the situation in Ukraine is not as critical as everyone expected before, and the trading strategies of the market participants are still quite different. < /p >
For a period of time, the development of Ukraine has been affecting the nerves of the market. Unless the crisis worsened in the region, at least the G10 market was immune to such news. Obviously, the market has some concerns about the referendum, but it seems that the risk has been well controlled. < /p >
In terms of P > a href= "http://www.91se91.com/news/index_cj.asp" > foreign exchange market < /a >, the euro was basically stable against the US dollar on Monday, strengthening against the yen, but fell to 16 month lows against the pound. The Bank of England is preparing to raise interest rates because of the expectation that the ECB will relax its monetary policy. < /p >
< p > the market thinks that the data released in the near future may have a good performance. The market participants can continue to play up the possibility that the Bank of England will become the first central bank to start tightening policy. < /p >
Last week, Delaki, the president of the European Central Bank, said that after the June policy of relaxation was not disliked, there was a great stir in the market. At present, the market was calm. Investors can judge whether the central bank is ready to take action through Delaki's colleague, the most influential German central bank governor, wiedman. < /p >
This week, < p > a href= "http://www.91se91.com/news/index_cj.asp" > Euro > /a > area is expected to announce the fastest growth of economic output in three years, and the economic leader of the region will also issue an economic growth report. The euro area inflation rate is still below half of the European Central Bank's target position. According to economists from many agencies such as Credit Union Bank of Italy and UBS group, the inflation rate is still too low to promote a solid economic recovery. < /p >
< p > a href= "http://www.91se91.com/news/index_cj.asp" > Draghi /a > is currently working hard to prevent sustained low price growth so that the recovery of the euro area economy is out of track before the growth trend is really established. His speech last week about the willingness of central bank officials to take action in June shows that the new policy to deal with the current situation is expected to come out soon. < /p >
P, a member of the European Central Bank's management committee, said on Monday that cutting interest rates alone is not enough to combat inflation in the euro area. Constancio, vice president of the European Central Bank, said on Monday that the mid-term inflation outlook will be a key factor when the ECB decides next month whether new policy actions need to be taken. The European Central Bank is considering a series of possible measures, but refuses to speculate on what action the central bank may take at its June meeting. < /p >
This week there are also other ECB officials from the European Central Bank's Executive Committee, Law ten Schlegel, Mr Merck, Cole and others. The market thinks that the ECB's policymakers may introduce more stimulus measures, and the market will seek confirmation of the P's willingness to act. < /p >
P, chairman of the Federal Reserve, Yellen will give a speech again, and investors will focus on his remarks on monetary policy and economic prospects. < /p >
Besides P, Philadelphia Federal Reserve Chairman, Proso, Lockhart, chairman of the Atlanta Federal Reserve, chairman of the Federal Reserve Bank of Germany, Lake, New York Federal Reserve Chairman Dudley and Saint Louis Federal Reserve Chairman Brad will also make comments. < /p >
"P > this week, there are waves of risk events. In addition to the data intensive announcement from Europe, Britain and Japan, the two major central bank officials in Europe and the United States have not spoken down. This week there is also the inflation report of the Bank of England and the monthly economic report of the European Central Bank. < /p >