FangQuant › Financial Futures

Market review: November 22, 2016

Fang submitted 2016-11-25 21:42:29

Market review:

China stocks continued the bull-run with SHA rose about 0.94%.

Research Notes:

Money flowed into Non-Ferrous Metal Mining, Software System and Banking sectors the most. Shanghai Metersbonwe Fashion &accessories Co.(002269.sz) rallied to limit-up as the management transition completed and Chairman’s daughter took the position and investors expected the young leader could bring some reform to this fashion clothes producer.

DXY held the 100 position as investors mostly expected a Dec rate hike from the Fed and they could find more clue in Fed Minutes this Wednesday. CNYUSD stayed weak around 6.89 and the 1:7 target could be reached within months as investors believed. In commodity market fiber board, coke and coal rallied to limit-up as a cold blast wiped through the nation and boost demand for fuel and heating. The weak Yuan and gov’s determination to curb the supply of coal also support the coal related products, such as rebar, methanol and PVC. It’s predicted that the winter temperature could be lower than normal as the La Nina weather pattern persists. We’d witnessed that some money rushed into glass producer, fuel and heating sectors for this winter bet, and as winter’s still long ahead, investors could also overweight sectors that could benefit from the weather pattern, with SHA rising towards 3300.

Copyright by FangQuant.com


Currently no Comments.