Li Keqiang Zero Tolerance Underpins The Stock Market

Prime Minister Li Keqiang has "made a table" for the implementation of the policy. Is it necessary to be so angry? The reason is probably not the fact that the real economic situation is grim, but the implementation and effectiveness of the policy have been discounted. P

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< p > this will prevent the realization of the economic goal of < a href= "http://www.91se91.com/news/index_c.asp > > decision level < /a >, which will not only reduce the efficiency of the policy, but also cause the waste of < a href= > http://www.91se91.com/news/index_c.asp > policy resource < /a >, and the key is that the real economy can not operate according to the target of the decision level.

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< p > and total regulation can also be different in some aspects. The fine regulation policy of Li Keqiang economics is zero tolerance for government decrees.

Policy is an important tool to ensure that the real economy operates in accordance with the desired goals of the decision-making level. If the government's decrees are blocked or poorly implemented, policies will become deformed and economic targets will be difficult to accomplish.

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< p > and for a href= "http://www.91se91.com/news/index_c.asp" > stock market < /a >, if the subjective initiative is not effectively played, the policy deployment can not really play a role.

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< p > since the table has been filmed, the market's expectations for policy have naturally increased.

"Micro stimulation" is still pushing forward, the open market's long and short term net investment, directional reduction and further loan promotion will help to form further liquidity improvement expectations, and "money shortage" will also be difficult to find; IPO's expected release is clear for the smooth market.

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< p > European volume, A shares into MSCI and other events will be potential super expected positive events.

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< p > although the trend of May is not satisfactory, the market is still hot.

Looking forward to June, after the IPO restart and other mid-term markets were gradually weakened by the market, and the macro economy has entered a weak rebound, the Shanghai index is expected to usher in a decent rebound in June after the 2000 point of consolidation.

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P, a senior foreign exchange analyst at the Holland Cooperation Bank, said on Friday that the easing measures adopted by the European Central Bank on Thursday were basically equal or even higher than the expectations of market investors. However, the impact on the euro exchange rate was limited. After that, the euro exchange rate not only recovered the intraday decline, but also rose to a higher level than the European Central Bank's resolution. The reason may be that investors are still doubtful about the actual effect of easing the new deal.

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Analysts at the P point out that investors have long been uneasy about the possible impact of their possible foreign exchange market after more than a few years of routine easing measures taken by several major central banks around the world.

Before, the quantitative easing lending measures adopted by the European Central Bank of the Federal Reserve and the Central Bank of Japan had played a certain role in boosting the stock market and the real estate market. However, the expected target of boosting employment and inflation rate was not good enough, while the currency exchange rates of the countries concerned were not significantly lower than those of QE countries.

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Based on the above situation, the QE of the European Central Bank is still on paper, and the actual policy easing is still lower than that of the US and Japan's central bank. We will not expect too much of the existing easing measures.

Although the European Central Bank's long-term refinancing measures will play a certain role in releasing liquidity, the effect will remain negligible compared with QE.

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"P >. Therefore, analysts pointed out that the ECB officials, including President Delaki, had repeatedly stressed that they would adopt various easing policies. They only had the effect of" selling expectations and buying facts ", and the ability of the European Central Bank to further weaken the euro exchange rate was still limited.

Before the further positive news in the US, the euro dollar exchange rate is also hard to drop again.

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< p > analysts also emphasized that although the US economic growth began to accelerate after the impact of severe winter weather had dissipated, the current economic performance is not enough to make the US dollar return to the market in full.

Although the Federal Reserve has begun to reduce the intensity of QE purchases by month, it also emphasizes that the current low interest rate will continue for a considerable period of time, and the rate of interest rate will increase slowly after the interest rate hike begins in the second half of 2015.

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