Recently, due to the economic and financial data in March showing that the downward pressure on the economy is increasing, combined with the proposal of "timely use of monetary policy tools such as RRR cut" by the State Council, the market has a high voice for the central bank to cut RRR or interest rates, and even some voices shout that April 15th is the nearest policy observation window.
No matter from the necessity of policy implementation or the space of policy manoeuvre, it is feasible to cut the RRR or interest rate in the near future. Although there is a view that China's economy is facing a complicated situation of preventing imported inflation from outside and increasing downward pressure from inside, which has little effect on the use of monetary policy aggregate tools, China is facing demand contraction and supply shock, and the problem of expected weakening is particularly prominent when the epidemic is spreading in many places.
Yesterday, the turnover of A-share cities was 873.441 billion, and the trend of double dip of Shanghai Composite Index's daily level continued, while the second dip of Shenzhen Component Index and GEM was nearing completion, and then it might rebound at any time.
On the whole, only coal mining, warehousing and logistics, gold, nonferrous metals, trade, machinery, mining and petroleum and petrochemicals are booming, and the other 60 industries are adjusted across the board, and the short-term market still shows a very weak trend.
Just like I said in the previous article "In April, the window of the central mother's RRR cut or interest rate cut was still open, and A50 fell back to find support"As mentioned, the A50 index fell back to the 20-day moving average of 13630 to find support and stabilize, and now stands above the short-term moving average system again, which is expected to launch an upward trend. Next pay attention to the resistance near 14100 above. Once refreshed here, it may cause profit selling to fall back.
$E-mini Nasdaq 100 - main 2206(NQmain)$ $E-mini Dow Jones - main 2203(YMmain)$ $Gold - main 2206(GCmain)$ $Light Crude Oil - main 2205(CLmain)$ $China A50 Index - main 2204(CNmain)$
Comments