KLIKKON Financial Morning and Daily News

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KLIKKON Financial Morning and Daily News
Views: 569  Update Date:Sep 12 , 2017
Financial Morning Post at a glance
First, macro news

Chinese central bank


1, August China's auto sales grew 5.3%

China Automobile sales in August were 2.19 million, an increase of 5.3% (6.2% in July). August passenger car sales of 1.88 million, an increase of 4.1% (July growth of 6.2%).



2, the Chinese central bank will clearly reduce the foreign exchange reserves to 0 and give a reason
Central Bank Finance Institute, said on the 11th, due to the market environment has shifted to neutral, early to suppress foreign exchange market volatility and the introduction of counter-cyclical macro-prudential management measures should also be a return to neutral. Sun Haibo, dean of the Institute of Financial Supervision, said the current exchange rate alarm basically lifted.



3, Goldman Sachs: real estate boom after the Chinese home improvement market will be fully outbreak

Goldman Sachs


Buy a house after the decoration to buy home appliances, Goldman Sachs believes that China's home improvement market in 4 years beyond the United States to become the world's first. In addition to the white home appliance market has been more mature, other areas are now all over the opportunity.



4, the central bank: the Council resolutions listed individuals and entities can be suspended financial transactions

central bank


If the central bank issues a notice that the client is within the scope of the resolution, the measures that should be taken include, but are not limited to, the opening, alteration, revocation and use of financial accounts, the suspension of financial transactions, the refusal to transfer, the conversion of financial assets, and the cessation of export credit , Guarantees, insurance and other financial services, according to the law to freeze account assets.



5, Goldman Sachs sharply lower the third quarter of the US economy is expected to follow the hurricane is the culprit
"Harvey" transit, Irma and "soldiers under the city", Goldman Sachs will be the third quarter of the US economy is expected to cut 0.8 percentage points to 2.0%, down 30%, and hope to revive the US economy.


6, China's fiscal revenue growth slowed in August

Ministry of Finance: China's general public budget revenue in August increased by 7.2% (July growth of 11.1%). China's general public expenditure in August rose 2.9% year on year, while the growth rate hit a new low (5.4% in July). China's general public budget revenue grew by 9.8% year-on-year in January-August (10% increase from January to July). China's general public expenditure in January-August grew 13.1% year-on-year (14.5% in July-July).


7, Citigroup frequently sing more China's economy: to speed up the capital market open Shanghai and Shenzhen 300 and 20% rise
The top international investment bank Citigroup repeatedly sing more Chinese economy and China's stock market, triggering capital market concerns. September 8, Citibank to the Shanghai and Shenzhen 300 Index raised to 4600 points, corresponding to 20% upside. More worthy of thinking is that Citigroup believes that China's capital account has been opened to speed up the opening of the domestic capital market.


8, the European Central Bank executive committee Coeure said the euro appreciation may be lower inflation

Nasdaq Composite


ECB Executive Committee Coeure: There is convincing evidence in the world that unconventional policies have been successful. During the economic recovery, confidence and monetary stimulus policies are expected to offset or partially offset the slowdown in inflation caused by stronger exchange rates. Monetary policy has never been isolated from the exchange rate. Exchange rate fluctuations are uncertain sources and must be monitored.



9, Shanghai interbank lending rate
Overnight shibor reported 2.6440%, up 0.80 basis points. 7 days shibor reported 2.8014%, down 0.09 basis points. 3 months shibor reported 4.4034%, down 2.47 basis points.


10, the RMB exchange rate
RMB against the dollar middle price reported 6.4997, the previous day the price of 6.5032. On the day the official closed at 6.4617, the night closed at 6.4890.
On the shore of the yuan against the US dollar closed at 6.5239, the largest single-day decline since January, compared with the previous day the official closing price fell 622 points, compared with the previous day trading day closing down 349 points.


11, the domestic stock market
Stock index closed at 3376.42 points, up 0.33%. Shenzhen Component Index closed at 11053.73 points, up 0.76%. The GEM closed at 1896.38 points, up 0.59%.


12, Europe and the United States stock market
S & P 500 index closed up 26.68 points, or 1.08%, at 2488.11 points.
The Dow Jones Industrial Average closed up 259.58 points, or 1.19 percent, at 22057.37.
Nasdaq Composite Index closed up 72.07 points, or 1.13%, at 6432.26 points.
Germany DAX 30 index closed up 1.39%, reported 12475.24 points.
The French CAC 40 closed up 1.24 percent at 5176.71.

The UK FTSE 100 closed up 0.49 percent at 7413.59.


Second, industry news

Nonferrous metals

1, Yunnan Province from January to July aluminum production 748,200 tons
Yunnan Province, the letter issued by the 2017 from January to July the province's industrial economy operation shows that from January to July the province's aluminum production 748,200 tons, of which July output of 108,600 tons.

2, Mongolia 1 million tons / year electrolytic aluminum project is expected to put into operation in mid-November
Inner Mongolia Mengtai Coal & Electricity Group Co., Ltd. 1 million tons / year electrolytic aluminum project a project with an annual output of 500,000 tons of electrolytic aluminum, a total investment of 3 billion yuan. The main project of the project has been completed, chimneys, circuits and other ancillary works is expected to be completed by the end of the year. Production equipment has been ordered, the main equipment completed by the end of October installation, plans to put into operation in mid-November.

3, Ministry of Mines officials: Indonesia so far this year, exports of nickel ore 1.4 million tons
Indonesian ministry ministry official Bambang Susigit said that so far this year, Indonesia has exported 1.4 million tons of nickel ore and more than 275,000 tons of bauxite.

4, Jinling Mining Company under the production unit to resume production of the announcement
Shandong Jinling Mining Company under the production unit called the sub-mine received Zibo City Linzi District Safety Supervision Bureau on-site inspection and processing decisions, due to the existence of certain security risks, the demand for suspend production for rectification. By the Zibo City Linzi District Safety Supervision Bureau staff on-site inspection and acceptance, on September 8 issued a "rectification review opinion book", that call the mine with the safety of production conditions, agreed to resume production. As of the announcement date, the company under the production unit call mouth mine has resumed production.

5, the London Metal Exchange (LME) copper inventory changes
Copper inventories decreased by 4750 tons, aluminum stocks decreased by 1450 tons, zinc stocks decreased by 1375 tons, nickel stocks decreased by 2,100 tons, tin stocks decreased by 20 tons, lead stocks decreased by 350 tons.

Steel market

1, China Steel Association: August steel prices in recent years, steel prices decline
According to the China Iron and Steel Industry Association statistics, in late August 2017 members of steel enterprises crude steel daily average output of 1.48272 million tons, the chain by a decrease of 6.99 million tons, a decrease of 3.65%; national average daily production of 2.4643 million tons, Million tons, a decrease of 0.28%. As of the end of August, members of the steel stocks for the 12.2263 million tons, the chain to reduce the 94.79 million tons, a decrease of 7.2%.

2, the first seven months of Hebei private steel enterprises profit of nearly 300 billion yuan
According to the Hebei Provincial Metallurgical Industry Association statistics, from January to July this year, private iron and steel enterprises in Hebei Province, 8200.15 million tons of crude steel, an increase of 1.45%; total income of 596.678 billion yuan, an increase of 41.46%. Profit of 29.822 billion yuan, an increase of 75%. Included in the statistics of 74 private iron and steel enterprises have 63 companies in a profitable state, the profit side of 85%. Sales margin of 5.0%. Which accumulated the most profitable Jinxi Group profit of 3.552 billion yuan, tons of steel profits of the highest Puyang steel 664 yuan / ton.

3,46 steel enterprises shortlisted "2017 Chinese enterprises 500"
September 10, 2017, the China Enterprise Confederation, the Chinese Entrepreneurs Association in Jiangxi Nanchang issued a "2017 Chinese enterprises 500" list. Steel industry, a total of 46 enterprises on the list, of which China Baowu Iron and Steel Group Co., Ltd., Gang Steel Group Co., Ltd. and emerging International Group Co., Ltd. three companies ranked the top three, "2017 China Enterprise 500" list Were ranked No. 44, No. 49 and No. 70 respectively.

4, TISCO vigorously expand domestic and international demand for nuclear power equipment market

Recently, TISCO recently developed a number of the overall shape of special shaped stainless steel square tube and W steel were sent to the East Power Group and the HEC Group, will be used for Fujian Fuqing nuclear power plant and the Pakistan Karachi nuclear power plant key equipment manufacturing, which marks the TISCO In the field of nuclear power industry chain construction has taken a new pace, hand in hand on the downstream to expand the broader domestic and foreign markets.

5, this year, Shanxi will be the first out of coal production capacity of 83.6 million kilowatts

Shanxi power system reform leading group power supply side of the structural reform office recently issued a notice this year, Shanxi will be the first out of coal production capacity of 836,000 kilowatts, involving six power plants 10 units. The notice pointed out that the stand-alone 300,000 kilowatts below the coal unit, in January 1, 2018 before the ultra-low emission standards do not meet the requirements are not allowed to run alone, 100,000 kilowatts and below the pure solidification of coal Coal gangue) all included in 2018 shut down the plan.

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