U.S. retail sales rose 1.20% in July, with an expected 2.1% increase, compared with the previous 7.5%, according to data released by the U.S. Department of Commerce on August 14. Experts believe that the novel coronavirus pneumonia cases will continue to increase and the unemployment benefits will be reduced, and data may further slow down in the coming months. In addition, no progress has been made in the new round of economic stimulus negotiations in the United States. It is said that the deadlock may drag on until September, and the US economy may continue to falter. Some of the bail-out measures proposed by trump over the weekend, such as allowing deferred pay tax and reducing capital gains tax, have also met with obstacles. < / P > < p > global stock markets (acwi) generally rose. US dollar priced FTSE Emerging Markets Index ETF (VWO) rose 0.58% for the week, rising for four consecutive weeks. In non US developed markets, MSCI euro zone ETF (EZU) rose 1.63%. MSCI UK ETF (EWU) rose 1.13%, rising for two consecutive weeks. MSCI Japan ETF (ewj) rose 3.3%, rising for two consecutive weeks. On the Asia Pacific stock market, the Shanghai index (00000 1) closed at 3360.10 on Friday, up 0.18% this week for three consecutive weeks. Gem index (399006) fell 2.95% for two consecutive weeks. After four consecutive weeks of net outflow, the data showed that the net inflow of funds to the north this week was 6.665 billion yuan. < p > < p > data shows that among the 28 shenwanbao industries, 15 sectors rose this week. Cyclical stocks performed better, with real estate, banking and transportation industries leading the way, up 2.87%, 2.85% and 2.37% respectively; nonferrous metals, pharmaceutical biology and leisure service industries ranked first, falling 7.52%, 5.44% and 5.08% respectively. In this week’s market, the non-ferrous metals, medicine and biology, leisure services and national defense and military industries were significantly adjusted. < p > < p > on August 14 (Friday), the three major indexes rebounded in the afternoon after continuous adjustment. However, the turnover of the two cities further shrank, reaching 849.757 billion yuan, a new low since July. As of August 13, the financing balance of the two cities had reached 140.596 billion yuan, a total decrease of 3.026 billion yuan in the first four trading days of this week, according to the data. Prior to that, the financing balance of the two cities had been increasing for 10 consecutive weeks, with an average growth of more than 30 billion yuan from August 3 to 7 and July 27 to 31. Compared with the previous continuous large positions, this week’s financing customer investment operation tends to be cautious. < p > < p > on the same day, the National Bureau of statistics released data showing that in July, China’s industrial production grew steadily, service industry production accelerated to recover, market sales continued to pick up, the decline rate of fixed asset investment continued to narrow, the import and export of goods grew rapidly, the employment and price situation remained stable, and the national economic operation maintained a stable recovery trend. In addition, the Shenzhen Stock Exchange officially announced on the 14th that it would hold the listing ceremony of the first batch of enterprises under the pilot registration system on the gem on August 24. At that time, the gem trading system will also be adjusted accordingly, and the daily limit of growth enterprise market stocks will be adjusted from the current 10% to 20%. < p > < p > after the closing of the Hong Kong stock market on Friday, Hang Seng Index company announced the latest index review results. Ali Xiaomi was included in the Hang Seng Index, but meituan review (03690), which was the most popular voice before, failed to be included in this quarterly review of the Hang Seng Index. View the cause analysis. The main contract of us NYMEX WTI crude oil futures (CL) closed at US $42.22/barrel on Friday, up 2.43% for the week. The main contract of international benchmark icebrent crude oil futures (oil) closed at US $44.95/barrel, up 1.24% on the week. All the above contracts rose for two consecutive weeks. The number of active crude oil rigs in the U.S. fell by 4 to 172 this week, the lowest level since July 2005 and a record low for the 15th consecutive week, according to data released by bhge on Friday. < / P > < p > but both the International Energy Agency (IEA) and the organization of Petroleum Exporting Countries (OPEC) this week lowered their forecasts for oil demand in 2020. Michael Lynch, President of strategic energy & economic research, said the IEA’s downward revision of demand forecasts indicated that “oil prices are somewhat ahead of the economic recovery.”. < / P > < p > the OPEC + alliance of OPEC and its allies increased production this month. The OPEC + Joint Ministerial Oversight Committee (jmmc) will meet next Wednesday. Russian Energy Minister Alexander Novak said on Thursday that there were no other proposals to amend the agreement. The market is concerned about how Iraq led oil producing countries will implement compensatory production reduction. This week, the U.S. Treasury Department launched a large-scale auction of treasury bonds. The yield on the 10-year US Treasury note closed at 0.71% on Friday, up 14bp (0.14 percentage point) higher than last week; the yield of two-year US Treasury bonds, which implied market expectations of short-term interest rates, closed at 0.14%. < / P > < p > precious metals fell due to factors such as rising US and European bond yields. The rise in bond yields has increased the opportunity cost of holding unprofitable assets such as gold. The main contract of Comex Futures (GC) closed at US $1953.5/oz on Friday, falling 3.67% weekly, the worst weekly performance since March, and ending nine consecutive weeks of gains. Gold has soared by more than 28% since the beginning of this year. This is because countries around the world have launched unprecedented stimulus measures to alleviate the economic impact brought about by the new epidemic, which has prompted investors to rush into safe assets such as precious metals to hedge against possible inflation and currency devaluation. On the foreign exchange market, the US dollar index (DXY) closed at 93.09 on Friday, down 0.35% for the week, falling for eight consecutive weeks. Due to the improvement of economic data released at the beginning of the week, the US dollar once reached a two-week high. However, the deadlock in the fiscal stimulus negotiations hit the market’s optimism, and the dollar failed to continue its rebound trend. GBP / USD rose 0.25% this week. The pound was supported after the Bank of England said the economy recovered faster than expected and the bank did not mention negative interest rates in its latest interest rate resolution.
📅 The important data, items and tips to be released next week are: construction permit of the United States on Tuesday and July; CPI of the euro zone on Wednesday and July; minutes of the FOMC monetary policy meeting of the US Federal Reserve and the monetary policy meeting of the European Central Bank (ECB) on Thursday, the number of us initial jobless claims last week, the manufacturing index of the US Philadelphia Fed in August; the sales of completed houses in the United States and July, and the manufacturing of major countries in the United States and Europe in August PMI.
📅 Important financial reports to be released next week: Hong Kong Stock Exchange (00388) (after hours), JD (after hours); Wal Mart (WMT) and Home Depot (hd) on Tuesday; low, NVDA and TGT on Wednesday; Baba and meituan review (03690) (after hours) on Friday. < / P > < p > it is worth noting that, according to the latest 13F report of Berkshire Hathaway (BRK), the “God of stocks”, the company had only one new position in the second quarter, namely, Barrett gold (gold). According to the report, Berkshire bought 20.9 million shares of Barrick gold in the second quarter, worth 563 million US dollars, accounting for 0.3% of Berkshire’s position. Buffett had previously “sniffed” gold. According to the report, Berkshire reduced its holdings of JP Morgan Chase, Wells Fargo, MasterCard, visa, PNC finance, M & T Bank and Bank of New York Mellon in the second quarter, increased its holdings of Kroger and Suncor Energy, cleared its positions in Goldman Sachs, Western oil, resturant brands and aviation stocks Delta Airlines, Southwest Airlines, United Airlines and American Airlines. Among them, Berkshire’s position in J.P. Morgan decreased from 57.7 million shares in the first quarter to 22.2 million shares in the second quarter, while Wells Fargo’s position decreased to 237.6 million shares from 333.2 million shares in the first quarter. On the evening of August 8, the company announced its second quarter results. At the end of the second quarter, Berkshire had $146.6 billion in cash, equivalent to one trillion yuan, according to the quarterly report. Among them, the total cash and equivalents owned by its insurance companies and other enterprises increased from $124.7 billion at the end of March to $142.8 billion, including $120.8 billion invested in US Treasury bonds. Click here for more details of institutional positions. Next week, the market will focus on the minutes of the monetary policy meeting of the Federal Reserve and the European Central Bank. In addition, PMI data of manufacturing industry in the United States and major European countries also attracted attention.