In February, the snow and ice melted and everything was moving

Breathing the breath of early spring, I suddenly realized that on the way to spring, those days of snow dancing plum branches were danced into poetry in the words, and turned into paintings in my heart …

Gray knit cardigan with lace shirt is very eye-catching, the bottom chooses beige pleated skirt, slim and temperament. Pair it with a pair of black high heels for a more casual look.

Seeing that it is springtime, it is advisable to eat more alkaline foods such as vegetables and fruits, which can effectively alleviate the “springtime difficulties”, such as tofu and potatoes.

In the Lantern Festival, make a small festival lantern yourself and hang it in front of the door to add some festive atmosphere. Prepare a rectangular red cardboard; leave 0.5 ~ 1.0cm on each side of the cardboard, divide a few parallel lines equally, and cut with a paper knife; roll it to make the cardboard arc-shaped; Cut the leftovers into thin strips for the spikes and stick the string; the beautiful little lantern is ready.

Chocolate has become the preferred gift for Valentine’s Day. How to choose a good quality chocolate for your lover? First look at the ingredients list, you should choose chocolate containing less cocoa butter substitute, cocoa butter and higher cocoa butter content. Secondly, chocolate with lighter sweetness, heavier bitterness, and darker color is preferred because it means that it has better health characteristics and is rich in polyphenols.

Drink tea during the rain, and you should pay attention to avoid too biased tea. Puer raw tea, cooked tea with a certain aging period, and low-temperature dry high-quality black tea are the best teas for this time.

WHO announced that the new crown pneumonia epidemic has pandemic characteristics, Saudi Arabia’s “oil price war” is hard to tell, Trump announced the “anti-epidemic plan” and announced a travel ban, the European Central Bank ’s interest rate decision remains unchanged … Global Capital The market was continuously stimulated by several heavy news in the dozens of hours on the 11th and 12th, triggering a global market chain reaction, and the US stock market triggered a “fuse” twice a week. Some analysts believe that the “bull market” of US stocks may have ended.

US stock market triggers “fuse” twice a week

Since March, U.S. stocks have fallen in the quake, and the market’s widespread worries have continued to increase. On the 11th, the WHO said that the new crown pneumonia epidemic had pandemic characteristics, that the Saudi “oil price war” continued and the Bank of England suddenly announced interest rate cuts and other factors. On the same day, the Dow fell more than 1460 points and took the lead in a bear market. The three major stock indexes all fell into a bear market. The US “Wall Street Journal” reported on the 11th that the 11-year-old U.S. stock market bull market has ended that day. On the 12th, the three major US stock indexes opened sharply lower. The S & P 500 index fell to 7% 6 minutes after the opening, triggering a second blowout this week. In the early morning of the day, after the major declines in the Brazilian and Canadian stock indexes, the fuse mechanism was triggered, continuing the “fuse tide” that spread from the Asia-Pacific stock market that day.

It is reported that the starting point of this round of the history of the US bull market can be traced back to March 9, 2009, when it was the freezing point of the stock market after the global financial crisis in 2008. On February 12 this year, the Dow reached a historical peak of 29,551.42. As of March 12, the Dow has fallen as much as 20.3% and entered a “technical bear market.” What worries investors especially is that the market fell from a peak to a bear market in only 19 trading days, the fastest in history. Buffett described the market shock as “rare,” “I only lived this experience for 89 years.” CNN analysis said that the fundamental reason for the U.S. stock market bull market in the past 11 years was the slow and steady recovery of the economy after the 2008 financial crisis, but the spread of the new crown pneumonia epidemic triggered a recent plunge, and to what extent the epidemic will develop in the United States unknown. Russian TV today quoted an expert’s analysis as saying that the market is more panic about uncertainty than negative news.

US President Trump is anxious to stabilize the stock market, but his “anti-epidemic plan” announced on the evening of 11th has triggered a huge disappointment in the market. Reuters said on the 12th that Trump claimed that this was “the most active and comprehensive action against strange viruses in modern history”, but among the more important measures was to provide individuals and SMEs with a three-month tax exemption period and Affected companies provide low-interest loans. What’s more surprising to investors is that Trump announced that the United States will suspend all European flights to the United States except the United Kingdom within 30 days from the 13th.

Affected by the general disappointment of investors, the global stock market “was sorrowful” on the 12th. Stock markets across the Asia-Pacific region tumbled across the board, with the Australian ASX200 index closing down 7.36%. The Nikkei 225 closed at its lowest level since late April 2017. The Korea Composite Index hit its lowest level since the end of August 2015. Indian stocks enter a technical bear market. Stock markets in Thailand, the Philippines, Indonesia and other countries once triggered a circuit breaker. European stock markets also fell sharply across the board on the 12th.

Reuters quoted the chief strategist of CMCMarkets, a British financial derivatives broker, as saying that the market clearly sent a signal to the White House: too few measures and too late. International financial giant Goldman Sachs said: “We believe the bull market for the S & P 500 Index will end soon.” Robert Schiller, a Nobel laureate in economics, also warned that “the panic has just begun.” He believes that global stock markets and the economy Extremely fragile and likely to fall into a recession. ▲

European Central Bank refuses to join “tidal wave”

“The European Central Bank adopts an emergency plan for banks”, German TV One said on the 12th that the European Central Bank announced a huge monetary policy plan after the day’s monetary policy meeting, focusing on supporting small and medium-sized enterprises to curb financial turmoil. However, the European Central Bank did not join the global central bank’s tide of interest rate cuts, keeping interest rates unchanged, causing European stock markets to plummet by more than 10%.

According to the European Central Bank’s plan, the three major interest rates of the European Central Bank remain unchanged, and the deposit convenience rate, refinancing rate, and marginal lending rate remain unchanged at -0.50%, 0.00%, and 0.25%, respectively. Many decision makers have said that further rate cuts could be counterproductive, as the extent of the damage to banks’ profit margins could actually hinder lending. Previously, affected by the new crown pneumonia epidemic, the central banks of several economies have relaxed monetary policy. The Federal Reserve significantly reduced its main interest rate by 0.5 percentage points. The Bank of England also lowered main interest rates by the same amount. Japanese monetary policy makers are expected to relax monetary policy next week.

The European Central Bank has also introduced other easing measures, such as plans to expand its ongoing bond purchase program and invest another 120 billion euros in debt purchases by the end of the year. The European Central Bank will also temporarily implement more long-term refinancing operations to support banks in providing loans to SMEs most affected by the spread of the virus. The market is generally disappointed with the European Central Bank’s decision, and many investors hope that the European Central Bank will have larger stimulus measures.

Spain’s “Expansion” believes that measures to curb the spread of the new crown virus will only increase market concerns about world economic shocks. Although the European Central Bank is almost exhausted, it is difficult to contain the impact of the epidemic. Argentina’s “Economist” said that macroeconomic policies and economic theory are not ready for epidemics. Falcone, an investment analyst at Cohen Financial Group in Argentina, said that China’s stimulus measures will now work, and it is recommended to focus investment in Asia. “In Europe, people don’t know enough about the seriousness of the problem.” ▲

External pressures surge into the A-share market

Affected by the panic in the external market, A shares also adjusted on the 12th. As of the close, the Shanghai Composite Index closed at 2923.49 points, down 1.52%; the Shenzhen Component Index closed at 10941.01 points, a decline of 2.31%. Both the Shanghai and Shenzhen markets closed at two-week lows. On the 12th, the turnover of the Shanghai and Shenzhen markets was less than one trillion yuan, and net outflow of funds from the north was 6.058 billion yuan.

The external market suffered a record-breaking plunge this week, the US stock market has entered a technical bear market, and A shares are said to have shown considerable resilience. In the past ten trading days, the Shanghai stock index rose first and then fell, following more obvious fluctuations following the external market. However, since the outbreak, A-shares have fallen by more than 7% only on the first trading day of the year of the rat. After that, the stock index has risen all the way and recovered 3000 points in the last week.

According to relevant statistics, since February 19, the global stock market value has evaporated by about 100 trillion yuan, and A shares have become the world’s most resilient market.

Data show that during the statistical period, both the Shanghai and Shenzhen markets fell less than 0.5%. Bloomberg said that China’s stock market has experienced the most significant increase in the past five weeks. During the same period, Russia ’s main stock indexes have fallen by 30%, and the major western countries such as the United States, France, Germany, and Japan have all fallen by nearly 20% or more.

Currently, the global epidemic continues to develop outside of China, and the number of confirmed cases continues to increase. Reuters quoted the investment manager GAMInvestments’ investment manager as saying that although there are short-term fluctuations in A shares, China’s measures to fully control the epidemic should stabilize the stock market for a longer period of time.

Bloomberg quoted the director of Anshan Capital Asset Management Department as saying that the global stock market crash has hurt the popularity of A shares, so many people expect that A shares may return in the near future. However, he also acknowledged that there are still some hot areas in the market that are getting speculative capital inflows, including infrastructure and 5G sectors. He explained that China’s new crown pneumonia epidemic has stabilized, which has created room for the Chinese government to focus on promoting economic growth.

The analysis of Galaxy Securities believes that the recent overseas epidemic is not optimistic. Under the circumstance that the external stock market is facing downward adjustment pressure, the short-term A-share market may fluctuate and adjust. Industrial Bank reminded in a recent report that the spread of the new crown pneumonia epidemic overseas may affect China’s import and export trade: on the one hand, the spread of the epidemic exacerbates the risk of global recession and further worsens the external environment of China’s exports; Under the background of the division of labor, China’s imports of parts and components are highly dependent on many advanced economies such as the European Union, the United States, and Japan. The epidemic has spread or interrupted the import of parts and components in China, which has affected domestic production activities. China needs to work hard to counteract the global spread of the epidemic against the domestic economy.

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