Overnight Market Review
On Friday, the three major U.S. stock indexes rose across the board, and the FTSE A50 futures closed slightly higher in the night, which had a positive impact on today's A-share opening, and the market is expected to open slightly higher.
There are three main news aspects: 1. China and the United States will hold the first meeting of the economic and trade consultation mechanism, which is an important sign of the further easing of the trade situation.It is beneficial to A-shares, especially to shipments that account for a large proportion of exports to the United States, such as textiles, clothing, home appliances and shipping. However, the specific impact still depends on the negotiation results that may be reported at any time during the trading session.
2. Huijin has become the actual controller of 8 financial institutions. The expansion of the "Huijin-based" securities companies has triggered market merger imagination.
is beneficial to the securities sector. Whether it leads the large financial sector to collectively impact the 3400 integer mark is a major highlight of A-shares today.
3. On June 8, the person in charge of BYD issued another article to respond to the two major controversial issues of "atmospheric pressure fuel tank" and "Evergrande in the car circle". There has been constant negative information in the new energy vehicle industry recently. We outside the circle cannot determine whether BYD will be the next Evergrande and whether the new energy vehicle industry will be the next real estate, but there is no wind and waves. In the near future, everyone will try to avoid this sector.
Today's market prospect
On Friday, A-shares shrank and fluctuated, and the sector continued to rotate rapidly. It is no longer a one-day tour, but a half-day tour, or even a few-hour tour. The market is facing strong pressure this year. If the intraday rises, you must immediately reduce your positions, let alone chase the rise.
The Shanghai Composite Index and the ChiNext Index have reached the top of the volatile range. It is expected to challenge the 3400 mark today and there is a possibility of hitting the high point of the year this week, but if there is no sudden major positive news, it is impossible to break through and rise. Because at the large level, the market belongs to the oscillating adjustment structure. In other words, the short-term pull-up of A-shares will not change the mid-term adjustment structure.
To sum up, there is a high possibility that A-shares will continue to fluctuate upward today. Pay attention to the pressure of 3395 and 3405 when the Shanghai Composite Index is upward, and pay attention to the support of 3360 and 3372 when the Shanghai Composite Index is upward.
