Chen Jingquan: Super Scheduled Arrival Currency Differentiation Or Aggravation

We can see from the weekend news that the US business spending began to increase in the two quarter, especially for non residential fixed investment, which rose by 8.4%, significantly higher than the 5.5% level of the first quarter and 1.6% level and initial value. This will directly drive the growth of demand in the market and bring about sustained economic growth.

The growth of enterprise expenditure also means the sustained recovery of employment market and the acceleration of inflation.

Overall forecast

The inflation target will be reached by the end of the year.

Data released on Friday showed that us personal spending declined in July. Although this is the first time that data has declined in the past six months, we can find that the decrease of the data in summer compared with past cool and energy prices is the reason for this decline. While the consumer confidence index improved in August, it is expected that this data will pick up later and not worry too much.

Europe will have a conference on interest rates this week, and before that, the market's expectations for the new ECB adjustment are not too great. After all, many officials of the ECB held a positive attitude towards the current easing policy in public, but there was no clear attitude towards further easing.

But this month

And the purchase of ABS will be formally implemented this month, which will help to improve the confidence of the eurozone market. The Ukraine issue is also in the negotiating stage, so it is expected that the euro's decline this week will not be too great before the interest rate is negotiated.

In addition, the EU summit also decided to hold an emergency summit in October 7th to discuss economic policy meetings. If consensus is reached, there may be unexpected policies.

For investors, the most important thing this week is the announcement of non-agricultural data. From the data of the whole August, the employment situation in the United States presents a great situation.

Record high, while the growth of business expenditure, the author's worst view of the non-agricultural sector will remain at 200 thousand, but the actual situation may be far beyond this figure.