July 12 -7 20 months, the euro / dollar finished lower on K chart. EUR / USD on June 7 at touched 1.1875 after the rebound since the beginning up to the 1.3027. From the Japanese K Line chart can clearly be seen that the euro / dollar a head and shoulders bottom forming the shape. This can be attributed to the large number of selling before the need for a correction to promote the euro in the short covering, of course, of which there are some speculative traders to participate.
Short covering as the euro dollar exchange rate has led to a massive landslide, so expect the dollar's continued decline over days or will come to an end. Short covering in other words, once the end of the euro, the market or re-interested parties, the economy's fundamentals. By then, speculation will wait for an opportunity to flee, and the dollar bulls will be large-scale return. Although the recent weak U.S. economic data emerged, but the pace of economic recovery in the United States, or will soon in Europe.
July 20 auction of the Spanish Ministry of Finance successfully a total of 5.97 billion euros in 12 months and 18 months of treasury bonds, while the Greek government bonds Authority (PDMA) auction of 19.5 million euros (2.53 billion U.S. dollars) for the 13-week period Short-term debt. Although Spain and Greece, the successful debt auction, but it does not explain the euro area bond market, second-tier countries, tensions eased. Need to remind everyone that the reason for the short-term bonds, it is most likely involved in speculative trading comes into play. Only European countries were overweight before long-term bonds, said market confidence in the European countries rebuild.
Can be said that the recent performance of the euro is very eye-catching, even in ultra-up state, the face of bad news still remain strong. Moody's lowered its outlook for the Irish, whether sovereign ratings to Aa2, or the International Monetary Fund (IMF) and the European Union (EU) on July 18 to suspend the assessment of the financing plan for Hungary, resulting in lack of access to IMF Hungary and the EU established 25.1 billion U.S. dollars of surplus funds financing plan, only had a small impact on the euro. In fact, investors are concerned about the July 23 announcement of the European banks stress test results so that other sources of abatement. Once the bank stress testing of the negative news out there that will start the exchange rate fluctuations.
July 20 the European banking sector stress testing with some of the negative news coming one after another, the euro / dollar failed to break through the 1.3000 level of repression, once again fell to 1.2920 line. European mainstream news media quoted informed sources, the recent financial crisis the German Government took over the German HVB Real Estate Bank (Hypo Real Estate Holding AG) failed stress tests Europe's bank. This news came just as some European leaders slapped his face. Prior to the leaders of European countries have insisted that cry out banks to pass their stress test, their mood is understandable, but I think it should still be objective.
Investors are clearly seen, as the banking crisis would be to conduct stress tests. If you have passed the problem is not the test itself has fed support of European countries have nothing to do tests to play. Germany considered the more healthy in the euro area, their own banks are not fully tested by the pressure worse, not to mention other countries the bank. Dots, See, also expected more banks can not stress testing, will be a blow to the dollar.
On the stress test itself, I slightly doubt. Bear the brunt of the pressure test is whether the credibility? Earlier the European Central Bank to purchase bonds against their independence so that it undermines public trust, and this pressure will arise to test whether the credibility problem? The second is the pressure of the test itself really, as some European leaders say as strict? These questions will come under pressure when the test results are announced.
Now the whole of Europe is regarded as the stress test a straw, to keep out relevant tests on the pressure to "whitewash." Can understand the feelings of the Europeans, but the market's recognition is another matter. For the euro, if the test results worse than expected, it will usher in the invasion force short. If the test results better than expected, this good news continue to move up the digestive process. But once the end of the digestive process, the market's focus shifted to economic fundamentals in turn. At that time, the debt crisis in Europe will continue to show the effect of allowing the euro once again be challenged.
2010年7月23日星期五
400 million Euro debt which bought
One word summed up the relationship between China and the EU may be hard, but the EU Trade Commissioner Karel de Gucht has given an amazing answer: the results of China-EU bilateral trade cooperation is really very "delicious."
July 22, "China as a trading engine" as the theme of the EU - China Trade Day in Belgium - European Union Exhibition Hall. In an interview with Karel de Gucht, "International Finance News" interview, said: "This 'delicious relationship' not only in the geographical indication cooperation, but also in other areas."
Buy European bonds, the Chinese are very smart
"China is very important for the EU." Karel de Gucht said, is based on the relationship between each other's needs, most recently, the Chinese Administration of Foreign Exchange to buy hundreds of millions of euros of European government debt, which includes Spain and Greece bonds.
Appears in Karel de Gucht: "Although the European economy is still in a difficult period, it is still a good investment. I believe we can maintain and increase value-added effect." He further analysis that Europe has Start the 860 billion euros of the rescue plan, this huge relief funds from the EU, the euro area member states and the IMF shared.
This reporter learned that the purchase SAFE Spain and Greece, the scale of national debt at 4.2 billion euros. In response, Vice President of Fudan University economics, finance professor Jian Sun said: "rescue plan launched in the EU context, the European sovereign debt crisis will not spread further, this time to buy European bonds are a good choice."
In general, the national foreign exchange reserves is to maintain exchange rate stability and monetary liquidity. Jian Sun told the "International Finance News" reporter, after a large number of holders of U.S. Treasury bonds SAFE can be said that this is the best global investment flows of the assets. However, the U.S. national debt is a bubble, prices high, the low rate of investment income, especially in the secondary market.
"From the increased foreign exchange reserves, rate of return perspective, the SAFE should buy some Japanese government bonds." Jian Sun pointed out that the market is too high for Japan's fiscal deficit to assess, resulting in low prices of Japanese government bonds. "From the perspective of investment income, to buy Japanese government bonds is a good choice."
Of course, the purchase of European bonds, particularly the crisis to buy bonds issued in Spain and Greece have the same effect. Jian Sun analysis shows that: "The launch rescue plan, reducing the risk of European government bonds, reducing the possibility of default." In addition, Li-Jian Sun view, "time to buy debt in Europe is also a strategic consideration, can achieve diversification of investments, and EU to establish a good working relationship. "
Breaking barriers, the EU is very positive
While Europe is concern about the debt purchases, the trade barriers between China and the EU also "hot." In an interview with Karel de Gucht, "International Finance News" interview, said: "China-EU cooperation in trade protectionism is a key exchanges, in addition, there are topics such as intellectual property protection."
Data show that trade volume between China and the EU established diplomatic relations of the year from 2.4 billion to 420 billion U.S. dollars in 2008, an increase of 175-fold; in 2009, by the global financial crisis, EU trade volume fell to 364.1 billion U.S. dollars; in 2010 on six months, the EU trade volume more than 210 billion U.S. dollars, up 37%, recovered to pre-crisis levels.
"China-EU trade relations have always been the most stable relationships, rapid development of trade provides an opportunity for both sides, bringing his interest." Karel de Gucht said, now, the Europeans bought many goods from China, and China's many automobiles, the machines are in Europe; Europe needs China to provide labor-intensive products, China needs high-end products in Europe.
However, Karel de Gucht acknowledged EU trade relations have also been some very difficult issues, such as intellectual property protection. He told reporters that a number of European companies set up R & D centers in China, "but their environment for foreign investment in China began to express concern."
Karel de Gucht said, according to the Chinese government put forward a series of encouraging independent innovation policies, including the only locally registered companies can participate in government procurement, "which will affect the foreign R & D initiative, is not conducive to intellectual property protection . At present, enterprises in the EU's positive proposal, part of the Chinese government has started to adjust. "
Shanghai Expo theme "Better City Life", Karel de Gucht proposed the "trade for a better life" 3-point proposal that China and the EU to further increase investment opportunities in the local market; to ensure that government procurement more open and transparent; further strengthen the protection of intellectual property.
"In the challenging environment, China and the EU should become the backbone of partners and the world economy." Karel de Gucht, I believe, "In the future, we will gain more cooperation in the 'delicious' results."
July 22, "China as a trading engine" as the theme of the EU - China Trade Day in Belgium - European Union Exhibition Hall. In an interview with Karel de Gucht, "International Finance News" interview, said: "This 'delicious relationship' not only in the geographical indication cooperation, but also in other areas."
Buy European bonds, the Chinese are very smart
"China is very important for the EU." Karel de Gucht said, is based on the relationship between each other's needs, most recently, the Chinese Administration of Foreign Exchange to buy hundreds of millions of euros of European government debt, which includes Spain and Greece bonds.
Appears in Karel de Gucht: "Although the European economy is still in a difficult period, it is still a good investment. I believe we can maintain and increase value-added effect." He further analysis that Europe has Start the 860 billion euros of the rescue plan, this huge relief funds from the EU, the euro area member states and the IMF shared.
This reporter learned that the purchase SAFE Spain and Greece, the scale of national debt at 4.2 billion euros. In response, Vice President of Fudan University economics, finance professor Jian Sun said: "rescue plan launched in the EU context, the European sovereign debt crisis will not spread further, this time to buy European bonds are a good choice."
In general, the national foreign exchange reserves is to maintain exchange rate stability and monetary liquidity. Jian Sun told the "International Finance News" reporter, after a large number of holders of U.S. Treasury bonds SAFE can be said that this is the best global investment flows of the assets. However, the U.S. national debt is a bubble, prices high, the low rate of investment income, especially in the secondary market.
"From the increased foreign exchange reserves, rate of return perspective, the SAFE should buy some Japanese government bonds." Jian Sun pointed out that the market is too high for Japan's fiscal deficit to assess, resulting in low prices of Japanese government bonds. "From the perspective of investment income, to buy Japanese government bonds is a good choice."
Of course, the purchase of European bonds, particularly the crisis to buy bonds issued in Spain and Greece have the same effect. Jian Sun analysis shows that: "The launch rescue plan, reducing the risk of European government bonds, reducing the possibility of default." In addition, Li-Jian Sun view, "time to buy debt in Europe is also a strategic consideration, can achieve diversification of investments, and EU to establish a good working relationship. "
Breaking barriers, the EU is very positive
While Europe is concern about the debt purchases, the trade barriers between China and the EU also "hot." In an interview with Karel de Gucht, "International Finance News" interview, said: "China-EU cooperation in trade protectionism is a key exchanges, in addition, there are topics such as intellectual property protection."
Data show that trade volume between China and the EU established diplomatic relations of the year from 2.4 billion to 420 billion U.S. dollars in 2008, an increase of 175-fold; in 2009, by the global financial crisis, EU trade volume fell to 364.1 billion U.S. dollars; in 2010 on six months, the EU trade volume more than 210 billion U.S. dollars, up 37%, recovered to pre-crisis levels.
"China-EU trade relations have always been the most stable relationships, rapid development of trade provides an opportunity for both sides, bringing his interest." Karel de Gucht said, now, the Europeans bought many goods from China, and China's many automobiles, the machines are in Europe; Europe needs China to provide labor-intensive products, China needs high-end products in Europe.
However, Karel de Gucht acknowledged EU trade relations have also been some very difficult issues, such as intellectual property protection. He told reporters that a number of European companies set up R & D centers in China, "but their environment for foreign investment in China began to express concern."
Karel de Gucht said, according to the Chinese government put forward a series of encouraging independent innovation policies, including the only locally registered companies can participate in government procurement, "which will affect the foreign R & D initiative, is not conducive to intellectual property protection . At present, enterprises in the EU's positive proposal, part of the Chinese government has started to adjust. "
Shanghai Expo theme "Better City Life", Karel de Gucht proposed the "trade for a better life" 3-point proposal that China and the EU to further increase investment opportunities in the local market; to ensure that government procurement more open and transparent; further strengthen the protection of intellectual property.
"In the challenging environment, China and the EU should become the backbone of partners and the world economy." Karel de Gucht, I believe, "In the future, we will gain more cooperation in the 'delicious' results."
Xinhua Life Insurance 350 000 000 Woan exposed nearly 30 executives accountable thousands of people involved in customer
REVIEW: New Life Insurance Deputy General Manager of Jiangsu Taizhou center branch Rong Fu Wang, for up to 6 years time, fraud, embezzlement and misappropriation of funds of 3.5 billion, involving thousands of customers.
Recently, the main people involved were arrested by public security organs or the taking of measures, Xinhua Life Insurance, the other nearly 30 general, branches and expensed company responsible person in charge directly responsible leadership and accountability by the CIRC, punishable by dismissal, warning and fines.
Involved 350 000 000
Is located in Taizhou City, Jiangsu Province, has recently become the central concern of the focus of the insurance industry, although 13 districts in Jiangsu Province, in 2009 the total premium income of Taizhou is only Lie No. 9, Yi Qi illegal fund-raising case of life insurance companies has increased greatly attention from people of Taizhou, Xinhua Life also be involved once again pushed to the cusp.
Recently, a "branched on the new general manager of Taizhou, Xinhua Life Insurance, Wang Fu-rong accountability for illegal fund-raising case briefing," the onward transport of insurance regulatory bureaus, insurance companies, insurance asset management companies and insurance intermediaries.
October 2009, Xinhua Life Insurance, general manager of Taizhou expensed Wang Fu-rong illegal fund-raising of a case, set up a special investigation team to visit China Insurance Regulatory Commission on site investigations and the responsibility of Jiangsu, after six months of investigation, the basic context of the case emerges surface.
Verified from 2003 to October 2009 period, Wang Fu-rong fake insurance certificates by unauthorized illegal fund-raising, withholding of funds misappropriated premiums and surrender by way of fraud, embezzlement and misappropriation of funds of 3.5 billion, involving thousands of customers .
According to informed sources, Wang Fu-rong, 35-year-old high school culture, and in 2002 branched into Taizhou, Xinhua Life Insurance, a former deputy general manager of Taizhou expensed. Since 2003, the king through privately engraved seal of the insured, "patchwork" fake business, the insured, and will surrender the policy with the fake money back into his personal account or accounts controlled investment company.
Investigation by public security departments, Wang Fu-rong misappropriation of funds, amount to 185 million yuan, of which about 67 million yuan for investment has set up nine companies, 48 million yuan to cover an initial interest, 29 million yuan for gambling or personal spending money 10 million yuan for the purchase of real estate vehicles, 10 million yuan loan to others, 21 million yuan to pay the salaries for.
Informed sources, Wang Fu-Rong Ren in Taizhou group insurance business has branched manager, deputy general manager, he used his position to a single way to do patchwork group group policy, the insurance certificate issued by the insurer the premium charged, but not recorded, thus withholding premiums, directly into their personal accounts or business accounts they control. In addition, Wang also pretending to surrender payments for the insured status, for other purposes.
Recently, the main people involved were arrested by public security organs or the taking of measures, Xinhua Life Insurance, the other nearly 30 general, branches and expensed company responsible person in charge directly responsible leadership and accountability by the CIRC, punishable by dismissal, warning and fines.
Involved 350 000 000
Is located in Taizhou City, Jiangsu Province, has recently become the central concern of the focus of the insurance industry, although 13 districts in Jiangsu Province, in 2009 the total premium income of Taizhou is only Lie No. 9, Yi Qi illegal fund-raising case of life insurance companies has increased greatly attention from people of Taizhou, Xinhua Life also be involved once again pushed to the cusp.
Recently, a "branched on the new general manager of Taizhou, Xinhua Life Insurance, Wang Fu-rong accountability for illegal fund-raising case briefing," the onward transport of insurance regulatory bureaus, insurance companies, insurance asset management companies and insurance intermediaries.
October 2009, Xinhua Life Insurance, general manager of Taizhou expensed Wang Fu-rong illegal fund-raising of a case, set up a special investigation team to visit China Insurance Regulatory Commission on site investigations and the responsibility of Jiangsu, after six months of investigation, the basic context of the case emerges surface.
Verified from 2003 to October 2009 period, Wang Fu-rong fake insurance certificates by unauthorized illegal fund-raising, withholding of funds misappropriated premiums and surrender by way of fraud, embezzlement and misappropriation of funds of 3.5 billion, involving thousands of customers .
According to informed sources, Wang Fu-rong, 35-year-old high school culture, and in 2002 branched into Taizhou, Xinhua Life Insurance, a former deputy general manager of Taizhou expensed. Since 2003, the king through privately engraved seal of the insured, "patchwork" fake business, the insured, and will surrender the policy with the fake money back into his personal account or accounts controlled investment company.
Investigation by public security departments, Wang Fu-rong misappropriation of funds, amount to 185 million yuan, of which about 67 million yuan for investment has set up nine companies, 48 million yuan to cover an initial interest, 29 million yuan for gambling or personal spending money 10 million yuan for the purchase of real estate vehicles, 10 million yuan loan to others, 21 million yuan to pay the salaries for.
Informed sources, Wang Fu-Rong Ren in Taizhou group insurance business has branched manager, deputy general manager, he used his position to a single way to do patchwork group group policy, the insurance certificate issued by the insurer the premium charged, but not recorded, thus withholding premiums, directly into their personal accounts or business accounts they control. In addition, Wang also pretending to surrender payments for the insured status, for other purposes.
The European market is worried about is self-confidence
Obviously, the Greek economy is in dire straits, but also the country's financial system is under unprecedented pressure. However, we must face the five-week stress test results of the Greek banking sector banks did not seem to feel pins and needles.
Not only to Greece, the European confused. Regulatory authorities are preparing to announce 91 major banks in Europe stress test results, the EU finance ministers have become politicians and high-profile positive surprise.
Could not stand the International Monetary Fund (IMF) last week, says that Europe must stress test its banks more transparent, and extended to more institutions to improve the reliability of these tests.
European officials were optimistic about high-profile concerns
In recent weeks, pressure test results on optimism constantly filled the air, attempting to comfort investors - the European financial system safe. This European bank shares continued to rise, the euro and the pound soared against the dollar advantage of the opportunity.
Test results is scheduled for July 23 release, the subject banks 91 largest bank in Europe, including Greece 6, specific for the four private banks - National Bank of Greece (National Bank of Greece), EFG Eurobank Ergasias SA, Alpha banks (Alpha Bank SA), Piraeus Bank (Piraeus Bank SA) and two state-controlled bank, the Post Bank of Greece (Hellenic Postbank), ATE Bank.
Greek officials have repeatedly said in various occasions, they stress test in the Greek banking sector's performance in "very confident." Stephanopoulos at the Greek central bank governor Provo last Saturday to accept a Greek media said: "I think this six Greek banks will successfully pass the test." Efforts of the Greek Finance Minister 帕帕康斯坦 quarter of Greece is also on July 19 seminar was held by euro bank said, "sure" the Bank of Greece will be passed stress tests conducted by EU experts.
As the debt crisis of the current round of European origin, the Greek banks have been suffering from high and troubled loan default rates. Now consumers are a constant drain on deposits, risk-averse investors are also reluctant to buy the debt of Greece, what are the reasons for optimism?
Not only is Greece, IMF president, Kahn is also a television interview last Friday, said the major European banks in the safe in the stress test. Including France, Germany and other European officials have also expressed similar views on different occasions.
European "very confident", analysts and investors have "worried" because including six Greek banks, including some European banks should be most in need of injection. European officials not only failed to appease the optimistic statements has long scarred the market, but sparked the process of stress testing the credibility of this concern.
"If the Bank of Greece passed the test, then the market will wonder whether these tests, close, or whether they really accepted the test." Royal Bank of Scotland (RBS), an economist said.
Test reliability was challenged
In view of lack of transparency in the process of stress tests, such concerns are not groundless.
Stress test coverage of these large banks test at least each of the participating countries account for more than 50% of total bank assets, including the 16 euro-zone member countries and the United Kingdom, Denmark, Poland and Sweden.
The tests by the 20 financial regulators jointly conducted by the London-based European Banking Regulatory Commission (CEBS) is responsible for coordination. In order to test these methods in the EU member states to reach agreement, CEBS with a great deal of enthusiasm. However, the variables used for testing but said little, but at present it is unclear Friday the test results to be announced how much substance. IMF said on this week, although the market has so far look positively on this process, but "there may still exist on the test stringent degree of uncertainty."
Morgan Stanley analyst Huw van Steenis, chief banking industry in the July 19 release of report that stress tests negative after the announcement of the biggest risk is "prejudicial to the credibility of the factors that the test": including the total amount of bank financing is obviously too low, the quality of attention to capital adequacy, and the German practice. He believes that Germany is likely to decide not to bank additional capital.
Last year, the United States after the test pressure to force 19 of the 10 largest banks in the capital, added that if the five-week, test results released in Europe too moderate, will greatly weaken the European policy-makers from various sectors of confidence.
Not only to Greece, the European confused. Regulatory authorities are preparing to announce 91 major banks in Europe stress test results, the EU finance ministers have become politicians and high-profile positive surprise.
Could not stand the International Monetary Fund (IMF) last week, says that Europe must stress test its banks more transparent, and extended to more institutions to improve the reliability of these tests.
European officials were optimistic about high-profile concerns
In recent weeks, pressure test results on optimism constantly filled the air, attempting to comfort investors - the European financial system safe. This European bank shares continued to rise, the euro and the pound soared against the dollar advantage of the opportunity.
Test results is scheduled for July 23 release, the subject banks 91 largest bank in Europe, including Greece 6, specific for the four private banks - National Bank of Greece (National Bank of Greece), EFG Eurobank Ergasias SA, Alpha banks (Alpha Bank SA), Piraeus Bank (Piraeus Bank SA) and two state-controlled bank, the Post Bank of Greece (Hellenic Postbank), ATE Bank.
Greek officials have repeatedly said in various occasions, they stress test in the Greek banking sector's performance in "very confident." Stephanopoulos at the Greek central bank governor Provo last Saturday to accept a Greek media said: "I think this six Greek banks will successfully pass the test." Efforts of the Greek Finance Minister 帕帕康斯坦 quarter of Greece is also on July 19 seminar was held by euro bank said, "sure" the Bank of Greece will be passed stress tests conducted by EU experts.
As the debt crisis of the current round of European origin, the Greek banks have been suffering from high and troubled loan default rates. Now consumers are a constant drain on deposits, risk-averse investors are also reluctant to buy the debt of Greece, what are the reasons for optimism?
Not only is Greece, IMF president, Kahn is also a television interview last Friday, said the major European banks in the safe in the stress test. Including France, Germany and other European officials have also expressed similar views on different occasions.
European "very confident", analysts and investors have "worried" because including six Greek banks, including some European banks should be most in need of injection. European officials not only failed to appease the optimistic statements has long scarred the market, but sparked the process of stress testing the credibility of this concern.
"If the Bank of Greece passed the test, then the market will wonder whether these tests, close, or whether they really accepted the test." Royal Bank of Scotland (RBS), an economist said.
Test reliability was challenged
In view of lack of transparency in the process of stress tests, such concerns are not groundless.
Stress test coverage of these large banks test at least each of the participating countries account for more than 50% of total bank assets, including the 16 euro-zone member countries and the United Kingdom, Denmark, Poland and Sweden.
The tests by the 20 financial regulators jointly conducted by the London-based European Banking Regulatory Commission (CEBS) is responsible for coordination. In order to test these methods in the EU member states to reach agreement, CEBS with a great deal of enthusiasm. However, the variables used for testing but said little, but at present it is unclear Friday the test results to be announced how much substance. IMF said on this week, although the market has so far look positively on this process, but "there may still exist on the test stringent degree of uncertainty."
Morgan Stanley analyst Huw van Steenis, chief banking industry in the July 19 release of report that stress tests negative after the announcement of the biggest risk is "prejudicial to the credibility of the factors that the test": including the total amount of bank financing is obviously too low, the quality of attention to capital adequacy, and the German practice. He believes that Germany is likely to decide not to bank additional capital.
Last year, the United States after the test pressure to force 19 of the 10 largest banks in the capital, added that if the five-week, test results released in Europe too moderate, will greatly weaken the European policy-makers from various sectors of confidence.
United States swept the floor of a 12.7 billion fund ABC shares jumped to 12.79% shareholding
Although last year's annual report, net profit growth this quarter's results were more than 100% compared to East NC (002,248, stock it) mid-year report net profit up 31.16% and not particularly good, but does not prevent the agency interests. Center Daily News revealed that seven agencies stationed in the second quarter, the number of agencies or Jiancang both the number far exceeds that of a quarter. Center Daily News also said that the proposed implementation of the 10 turns of 10 dividend of 1 yuan.
Earnings per share 0.43 yuan in the first half
Notice that, due to the machine tool industry was the restoration of market growth, product orders well, first half operating income 324 million yuan, net profit of 053 million yuan, 0.43 yuan for basic earnings per share were up 33.25 %, 31.16% and 26.47%.
Data show that in the first quarter, sales of CNC machine tools company 261 million yuan, accounting for the main business income accounted for 80.81%. In this drive, the company maintain the high pace of development in recent years.
Expand the two movements
In fact, the company's recent focus on large-scale precision CNC machine tool business expansion, there are big moves continuously.
On the one hand, East NC in April of this year to raise funds to complete additional 350 million yuan, and to invest in "large-scale CNC machine tools technical transformation" project. Company said completion of the project is expected to realize annual sales income will be 530 million yuan, annual additional total profit 99.88 million yuan, the company's profitability will be increased dramatically.
On the other hand, the company said last Wednesday, intended to be self-funded 300 million yuan to establish nuclear power equipment manufacturing company, "Weihai of East China Nuclear Power Equipment Co., Ltd.", and the company with the German joint venture Heathrow East Chuang Heavy Industries, will enter the heavy-duty precision machine tool production and heavy processing in the field, 2011 will be cold and mechanical components of nuclear power into the field of welding. Body analysis, which means the company will extend lower, and in the future of nuclear power equipment into the whole industrial chain.
Performance of the company to maintain high growth in the state, the East China CNC also comply with high dividends to our shareholders in return. Notice that the company intends to implement all the shareholders increase by transferring 10 shares for every 10 shares and distribute cash dividend of 1 per of.
7 agencies purchase low
Performance of sustained high growth in nuclear power projects are enticing, the high turn sent dividends programs, which are of concern to East of NC to the institutional capital. Center Daily News revealed that a quarter of the top ten tradable shareholders have three bodies, only 72.67 million total shares, while the end of the second quarter of value-added seven bodies have been a total of about 511 million shares. The second quarter of them holding the largest number of institutions Tianyuan Fund, bought a total of 130.18 million shares, followed by Yinfeng Fund, a total of 102.98 million shares. East of NC in the second quarter average price is 36.98 yuan, 43.6 yuan at the current stock price calculation, institutions are basically at the profit range.
Secondary market, through pre-bottom, the East China CNC recent rebound well, starting from May 21, the stock price rebounded all the way from 29.8 yuan yesterday's closing price of 43.6 yuan, rose 40.92 percent range. As the company transferred 10 of 10 dividend of 1 yuan introduced, how the market outlook, will be announced today.
Circulation of East China top ten list of shareholders NC
A quarter (as at 31 March 2010)
Name of Shareholder Number (million shares) proportion (%)
Chun-Guang Li 55.28 0.70
China Merchants Antai 40.37 0.51
ICBC - specific customer assets 27.72 0.35
Cai Qiao Yue 21.71 0.28
Dividends and increased profits in the Sea 20.00 0.26
LUO Wei-wen 16.39 0.21
Zou this ceremony 14.58 0.19
He Zhongqing 14.00 0.18
Chen Gang 13.54 0.17
Green card freshman year of Capital Trust 12.30 0.16
In the first half (as of June 30, 2010)
Name of Shareholder Number (million shares)
Finance company Hunan Valin Iron and Steel 188.42
Tianyuan Fund 130.18
Yinfeng Fund 102.98
South Sheng Yuan dividend 98.76
Castrol returns 81.61
58.84 steady gains in the sea
New Kingdom 57.87
Chunguang 55.46
Easy to enhance the return of 42.62 Fonda
Earnings per share 0.43 yuan in the first half
Notice that, due to the machine tool industry was the restoration of market growth, product orders well, first half operating income 324 million yuan, net profit of 053 million yuan, 0.43 yuan for basic earnings per share were up 33.25 %, 31.16% and 26.47%.
Data show that in the first quarter, sales of CNC machine tools company 261 million yuan, accounting for the main business income accounted for 80.81%. In this drive, the company maintain the high pace of development in recent years.
Expand the two movements
In fact, the company's recent focus on large-scale precision CNC machine tool business expansion, there are big moves continuously.
On the one hand, East NC in April of this year to raise funds to complete additional 350 million yuan, and to invest in "large-scale CNC machine tools technical transformation" project. Company said completion of the project is expected to realize annual sales income will be 530 million yuan, annual additional total profit 99.88 million yuan, the company's profitability will be increased dramatically.
On the other hand, the company said last Wednesday, intended to be self-funded 300 million yuan to establish nuclear power equipment manufacturing company, "Weihai of East China Nuclear Power Equipment Co., Ltd.", and the company with the German joint venture Heathrow East Chuang Heavy Industries, will enter the heavy-duty precision machine tool production and heavy processing in the field, 2011 will be cold and mechanical components of nuclear power into the field of welding. Body analysis, which means the company will extend lower, and in the future of nuclear power equipment into the whole industrial chain.
Performance of the company to maintain high growth in the state, the East China CNC also comply with high dividends to our shareholders in return. Notice that the company intends to implement all the shareholders increase by transferring 10 shares for every 10 shares and distribute cash dividend of 1 per of.
7 agencies purchase low
Performance of sustained high growth in nuclear power projects are enticing, the high turn sent dividends programs, which are of concern to East of NC to the institutional capital. Center Daily News revealed that a quarter of the top ten tradable shareholders have three bodies, only 72.67 million total shares, while the end of the second quarter of value-added seven bodies have been a total of about 511 million shares. The second quarter of them holding the largest number of institutions Tianyuan Fund, bought a total of 130.18 million shares, followed by Yinfeng Fund, a total of 102.98 million shares. East of NC in the second quarter average price is 36.98 yuan, 43.6 yuan at the current stock price calculation, institutions are basically at the profit range.
Secondary market, through pre-bottom, the East China CNC recent rebound well, starting from May 21, the stock price rebounded all the way from 29.8 yuan yesterday's closing price of 43.6 yuan, rose 40.92 percent range. As the company transferred 10 of 10 dividend of 1 yuan introduced, how the market outlook, will be announced today.
Circulation of East China top ten list of shareholders NC
A quarter (as at 31 March 2010)
Name of Shareholder Number (million shares) proportion (%)
Chun-Guang Li 55.28 0.70
China Merchants Antai 40.37 0.51
ICBC - specific customer assets 27.72 0.35
Cai Qiao Yue 21.71 0.28
Dividends and increased profits in the Sea 20.00 0.26
LUO Wei-wen 16.39 0.21
Zou this ceremony 14.58 0.19
He Zhongqing 14.00 0.18
Chen Gang 13.54 0.17
Green card freshman year of Capital Trust 12.30 0.16
In the first half (as of June 30, 2010)
Name of Shareholder Number (million shares)
Finance company Hunan Valin Iron and Steel 188.42
Tianyuan Fund 130.18
Yinfeng Fund 102.98
South Sheng Yuan dividend 98.76
Castrol returns 81.61
58.84 steady gains in the sea
New Kingdom 57.87
Chunguang 55.46
Easy to enhance the return of 42.62 Fonda
Gold set to vote should vote in the election season as a season set to buy high yield
Gold investment leads people to feel there unattainable, but with the opening of domestic gold market, and now spend over 200 yuan can join the "gold" team up. ICBC launched the current gold accumulation operations can be realized gold investment, the minimum can be as long as the deposit of 200 yuan. However, the reporter learned that the business has not opened the redemption feature extraction is only wishful gold. Will vote for the gold, experts advise, will have to choose the right time to vote, will vote for in the off-season purchase of gold, if gold season, a one-time purchase, or more riches.
Redemption is not open to low-threshold
It is understood that the bank was formally launched by the end of January this year, will vote in the gold business. ICBC branch in Guangdong Province, according to the relevant figure, when the business need only 200 yuan, or 1 gram of gold can deposit. Customers deposit money after the establishment of a wishful accumulation account, and can select the periodic accumulation or active accumulation of two forms of investment. The accumulation of gold, customers can choose redemption, cash, to the Industrial and Commercial Bank of China can extract physical gold bullion.
This is what gold will cast the most attractions: Investors can choose cash redemption, but also to the extraction of physical gold bars, Industrial and Commercial Bank of China, in theory, get foolproof security: gold goes up, cash (money) profits ; gold dropped, cash (goods) hedge.
However, the reporter interviewed a number of ICBC outlets in Guangzhou, understand that cash is still not achieve redemption. Industrial and Commercial Bank of China branch of China Park, a client manager, said it has not opened the redemption of gold accumulation function, only buy not sell. In other words, to realize, can draw only physical gold. As the purchase is the bank's "ideal money", the minimum size is 20 grams, so must also be provided in-kind payments to 20 grams as a starting point. As for when to open the redemption feature, the client manager, said the planned opening of the first half, but have not yet opened.
Proportional to risk and return
It is reported that gold will cast the advantage of being able to judge the trend investors can not clear when the play folded down costs, spread risks. In addition, the product can alleviate the financial pressure, if not one-off large capital investment, they may choose will vote.
Many market participants also believe that gold will feature the biggest investment risk is spread, which has always been more respected in the investment industry. It is more suitable for long term investment, as some paycheck to paycheck, it can actually be cast for a small wage. However, often the greater the risk the greater the returns, and vice versa should not have too high expectations.
Reporters also learned that ICBC outlets, although the trading will not receive any investment fees, but the line "wishful payment" offer includes processing fee of 13 yuan, or purchase price than the Shanghai Gold Exchange's gold 13 yuan higher, while the selling price of gold according to raw material price recovery, that is synchronized with the Shanghai Gold Exchange quotations. Gold conducted a financial reporter who admitted, "To be cast on the profit from the gold, in fact, quite hard."
First half of the one-time purchase of fixed investment Gold gold PK
One-time benefit of 12 times to buy
Case:
Miss Wang is a white-collar family, this year she felt the shadow of inflation is getting closer, though not much savings, she wanted to point investment. In the first half performance to see the gold, Wang also buy gold points. Now that gold can be cast, and she hesitated to vote or the will to take a one-time purchase? Should the benefits be considered purely from the reporter for her simple calculations.
1. To January 25 Au9999 Shanghai Gold Exchange closing price of the cost price, June 25 closing price for the sale of the same contract prices, the purchase fee (8 yuan / g) relatively inexpensive bars of Shanghai Gold Exchange 100 grams of an example:
Cost: 244.80 × 100 克 +8 per × 100 g = 25,280 yuan at current prices (June 25 closing price): 272.19 × 100 g = 27,219 yuan
Profit: 27,219 yuan -25 280 = 1939 yuan per
Two. If the same order on January 25 will begin to vote calculation, select the 25th of every month to buy 17 grams (half of 102 g), at the end of June (13 yuan gold has been included in processing fees):
Cost: (257.80 +253.55 +253.99 +267.30 +274.29 +285.19) × 17 g = 27066.04 yuan
Profit (100 grams): 272.19 × 100-27066.04 ≈ 153 元
Peak selling season set to vote
Zhi Han, said gold analyst repair taught the first half of gold on red soon, so will the cost of investment will be high, one-time purchase, will definitely lower investment earnings. Should the market but at the price of gold down, the fixed cost of investment will be diluted. To know, will be the biggest feature is the spread investment risk, to avoid a lot of buying from investors, the situation caused by the high prices. This has always been more respected investment industry, more suitable for long-term investment.
Do not know gold can choose each year to the second and third quarters, that gold be cast off-season began, and then in the first and fourth quarter, according to the short term the price of gold rising rate, such as the selection of 15% -20% profit taking, and then buy it back after the adjustment, it is the easiest way.
Redemption is not open to low-threshold
It is understood that the bank was formally launched by the end of January this year, will vote in the gold business. ICBC branch in Guangdong Province, according to the relevant figure, when the business need only 200 yuan, or 1 gram of gold can deposit. Customers deposit money after the establishment of a wishful accumulation account, and can select the periodic accumulation or active accumulation of two forms of investment. The accumulation of gold, customers can choose redemption, cash, to the Industrial and Commercial Bank of China can extract physical gold bullion.
This is what gold will cast the most attractions: Investors can choose cash redemption, but also to the extraction of physical gold bars, Industrial and Commercial Bank of China, in theory, get foolproof security: gold goes up, cash (money) profits ; gold dropped, cash (goods) hedge.
However, the reporter interviewed a number of ICBC outlets in Guangzhou, understand that cash is still not achieve redemption. Industrial and Commercial Bank of China branch of China Park, a client manager, said it has not opened the redemption of gold accumulation function, only buy not sell. In other words, to realize, can draw only physical gold. As the purchase is the bank's "ideal money", the minimum size is 20 grams, so must also be provided in-kind payments to 20 grams as a starting point. As for when to open the redemption feature, the client manager, said the planned opening of the first half, but have not yet opened.
Proportional to risk and return
It is reported that gold will cast the advantage of being able to judge the trend investors can not clear when the play folded down costs, spread risks. In addition, the product can alleviate the financial pressure, if not one-off large capital investment, they may choose will vote.
Many market participants also believe that gold will feature the biggest investment risk is spread, which has always been more respected in the investment industry. It is more suitable for long term investment, as some paycheck to paycheck, it can actually be cast for a small wage. However, often the greater the risk the greater the returns, and vice versa should not have too high expectations.
Reporters also learned that ICBC outlets, although the trading will not receive any investment fees, but the line "wishful payment" offer includes processing fee of 13 yuan, or purchase price than the Shanghai Gold Exchange's gold 13 yuan higher, while the selling price of gold according to raw material price recovery, that is synchronized with the Shanghai Gold Exchange quotations. Gold conducted a financial reporter who admitted, "To be cast on the profit from the gold, in fact, quite hard."
First half of the one-time purchase of fixed investment Gold gold PK
One-time benefit of 12 times to buy
Case:
Miss Wang is a white-collar family, this year she felt the shadow of inflation is getting closer, though not much savings, she wanted to point investment. In the first half performance to see the gold, Wang also buy gold points. Now that gold can be cast, and she hesitated to vote or the will to take a one-time purchase? Should the benefits be considered purely from the reporter for her simple calculations.
1. To January 25 Au9999 Shanghai Gold Exchange closing price of the cost price, June 25 closing price for the sale of the same contract prices, the purchase fee (8 yuan / g) relatively inexpensive bars of Shanghai Gold Exchange 100 grams of an example:
Cost: 244.80 × 100 克 +8 per × 100 g = 25,280 yuan at current prices (June 25 closing price): 272.19 × 100 g = 27,219 yuan
Profit: 27,219 yuan -25 280 = 1939 yuan per
Two. If the same order on January 25 will begin to vote calculation, select the 25th of every month to buy 17 grams (half of 102 g), at the end of June (13 yuan gold has been included in processing fees):
Cost: (257.80 +253.55 +253.99 +267.30 +274.29 +285.19) × 17 g = 27066.04 yuan
Profit (100 grams): 272.19 × 100-27066.04 ≈ 153 元
Peak selling season set to vote
Zhi Han, said gold analyst repair taught the first half of gold on red soon, so will the cost of investment will be high, one-time purchase, will definitely lower investment earnings. Should the market but at the price of gold down, the fixed cost of investment will be diluted. To know, will be the biggest feature is the spread investment risk, to avoid a lot of buying from investors, the situation caused by the high prices. This has always been more respected investment industry, more suitable for long-term investment.
Do not know gold can choose each year to the second and third quarters, that gold be cast off-season began, and then in the first and fourth quarter, according to the short term the price of gold rising rate, such as the selection of 15% -20% profit taking, and then buy it back after the adjustment, it is the easiest way.
While bargain-hunting time until they drop gold
REVIEW: Gold into shock after July has been down, investors do not know whether the price of gold has been in the end. Yesterday, reporters interviewed several professionals who believe that gold has not dropped in the end, eight, early in September, or are bargain-hunting opportunity.
Stock market volatility again, many investors do not know whether now is really the bottom. The same problem plagued the gold investor. Gold has been shock after the beginning of July down, investors do not know whether the price of gold has been in the end. Yesterday, reporters interviewed several professionals who believe that gold has not dropped in the end, eight, early in September, or are bargain-hunting opportunity.
U.S. dollar, gold both down
Gold fell as the main theme into July. New York Mercantile Exchange Wednesday August gold futures contract fell 6.3 U.S. dollars an ounce to close at 1181.9 U.S. dollars, down 0.5%, a record closing price since May 21 the lowest since. New York Stock Exchange Thursday August gold futures contract closed flat at 1,187.4 U.S. dollars. At 5:53 p.m. on the 22nd, the international price of gold at 1187.20 U.S. dollars.
Another cause of concern to investors of information: As of July 20, 2010, the world's largest gold ETFs positions 7 total 1586.238 tons, and the previous day less than 6.083 tons. The decline in recent months, the biggest reduction, bearish for gold prices.
How to understand the current trend in gold? Yesterday, reporters connect the headquarters of Shanghai Sunrise Bank senior gold analyst Dr. Jiang Shu, he believes that in recent phase of the dollar and gold both fell, just that along is debt crisis will soon end. Prior to close ranks with the U.S. dollar rose gold is the debt crisis in Europe triggered by the unexpected events caused by people's risk aversion. Currently, investors have been gentle mood. Even Spain, bond credit rating downgrades, and investors did not panic again.
Jinhui Futures Shenzhen Branch Vice President, senior gold analyst Lin Yuhui believes that the original price of gold should be down into the second quarter, is Euro debt crisis stimulated the gold, super gold up front, the initial stability of the current global economy, gold price technical correction to the normal price range.
1150 U.S. dollars to buy the following?
Lin Yuhui remind investors speculate in gold and in addition to concern about supply and demand side, but also should be concerned about liquidity. Enter in September, traditionally the peak season demand for gold has begun to enter, usually gold will start ahead of schedule. He believes that gold next month at the bottom of, early in September to start at the chance to do more in the end of August, early September there. But he did not think gold will tumble deep minimum in between 1120 to 1140 U.S. dollars. Once the price of gold fell to 1,150 U.S. dollars / ounce, is the watershed. Under this price can do more bold buy, buy every drop is a good opportunity to buy to hold after the end of the year or next January. Gold futures investment analyst Su-front view, from a technical perspective gold is in the slow down into the bottom of the most important support points located at 1100 U.S. dollars, more than those who do not present admission.
At the end gold will be high?
Lin Yuhui analyzed that a slight loosening of the current signs of bank credit, in the second half is estimated that this would be more obvious once the banks loose money, inflation is expected to be back again, gold will be ready to make trouble. Gold prices likely to end a new high. Then from the largest economy in the run cycle, the global economy is still in early stages of recovery, monetary and economic upheaval is inevitable. Once again came the bad news triggered turmoil, gold will Shangcuan.
Jiang Shu remind investors concerned about the U.S. economic data this month. He predicted the U.S. economic data will not be as good as people think, not so bad as the pessimists think. Second bottom impossible, is unlikely to raise interest rates. Therefore, he predicted the dollar is going up shock, then gold will be followed further down the bottom. He believes that between 1050-1100 U.S. dollars is the bottom of the gold correction, but the high price of gold at the end To be very difficult.
Gold price forecast this year, leading organizations
To larger number of foreign journalists gathered on the gold price forecast. ANZ Bank's latest report noted that the strong euro caused by euro denominated gold carry trade positions open, gold face further adverse effects. The bank forecast in the third quarter average price is 1215 U.S. dollars / ounce, but slipped to the fourth quarter to average 1175 U.S. dollars / ounce.
Royal Bank of Scotland said the latest report. For the second half of this year's gold price, Royal Bank of Scotland reports that gold does not appear impressive performance, expected gold will be in 1200 U.S. dollars / ounce in the vicinity. The bank now expects the average price of gold in 2010 was 1,170 U.S. dollars / ounce.
Standard Chartered Bank in the release of third quarter investment report that will be the next one to three years to regain the gold rally, expected to reach 1,350 U.S. dollars / ounce. The central bank buying of gold as gold's long term factors supporting the dollar weak medium to long term fundamentals will not change, so when the dollar return to the weak, the gold will thus benefit.
Stock market volatility again, many investors do not know whether now is really the bottom. The same problem plagued the gold investor. Gold has been shock after the beginning of July down, investors do not know whether the price of gold has been in the end. Yesterday, reporters interviewed several professionals who believe that gold has not dropped in the end, eight, early in September, or are bargain-hunting opportunity.
U.S. dollar, gold both down
Gold fell as the main theme into July. New York Mercantile Exchange Wednesday August gold futures contract fell 6.3 U.S. dollars an ounce to close at 1181.9 U.S. dollars, down 0.5%, a record closing price since May 21 the lowest since. New York Stock Exchange Thursday August gold futures contract closed flat at 1,187.4 U.S. dollars. At 5:53 p.m. on the 22nd, the international price of gold at 1187.20 U.S. dollars.
Another cause of concern to investors of information: As of July 20, 2010, the world's largest gold ETFs positions 7 total 1586.238 tons, and the previous day less than 6.083 tons. The decline in recent months, the biggest reduction, bearish for gold prices.
How to understand the current trend in gold? Yesterday, reporters connect the headquarters of Shanghai Sunrise Bank senior gold analyst Dr. Jiang Shu, he believes that in recent phase of the dollar and gold both fell, just that along is debt crisis will soon end. Prior to close ranks with the U.S. dollar rose gold is the debt crisis in Europe triggered by the unexpected events caused by people's risk aversion. Currently, investors have been gentle mood. Even Spain, bond credit rating downgrades, and investors did not panic again.
Jinhui Futures Shenzhen Branch Vice President, senior gold analyst Lin Yuhui believes that the original price of gold should be down into the second quarter, is Euro debt crisis stimulated the gold, super gold up front, the initial stability of the current global economy, gold price technical correction to the normal price range.
1150 U.S. dollars to buy the following?
Lin Yuhui remind investors speculate in gold and in addition to concern about supply and demand side, but also should be concerned about liquidity. Enter in September, traditionally the peak season demand for gold has begun to enter, usually gold will start ahead of schedule. He believes that gold next month at the bottom of, early in September to start at the chance to do more in the end of August, early September there. But he did not think gold will tumble deep minimum in between 1120 to 1140 U.S. dollars. Once the price of gold fell to 1,150 U.S. dollars / ounce, is the watershed. Under this price can do more bold buy, buy every drop is a good opportunity to buy to hold after the end of the year or next January. Gold futures investment analyst Su-front view, from a technical perspective gold is in the slow down into the bottom of the most important support points located at 1100 U.S. dollars, more than those who do not present admission.
At the end gold will be high?
Lin Yuhui analyzed that a slight loosening of the current signs of bank credit, in the second half is estimated that this would be more obvious once the banks loose money, inflation is expected to be back again, gold will be ready to make trouble. Gold prices likely to end a new high. Then from the largest economy in the run cycle, the global economy is still in early stages of recovery, monetary and economic upheaval is inevitable. Once again came the bad news triggered turmoil, gold will Shangcuan.
Jiang Shu remind investors concerned about the U.S. economic data this month. He predicted the U.S. economic data will not be as good as people think, not so bad as the pessimists think. Second bottom impossible, is unlikely to raise interest rates. Therefore, he predicted the dollar is going up shock, then gold will be followed further down the bottom. He believes that between 1050-1100 U.S. dollars is the bottom of the gold correction, but the high price of gold at the end To be very difficult.
Gold price forecast this year, leading organizations
To larger number of foreign journalists gathered on the gold price forecast. ANZ Bank's latest report noted that the strong euro caused by euro denominated gold carry trade positions open, gold face further adverse effects. The bank forecast in the third quarter average price is 1215 U.S. dollars / ounce, but slipped to the fourth quarter to average 1175 U.S. dollars / ounce.
Royal Bank of Scotland said the latest report. For the second half of this year's gold price, Royal Bank of Scotland reports that gold does not appear impressive performance, expected gold will be in 1200 U.S. dollars / ounce in the vicinity. The bank now expects the average price of gold in 2010 was 1,170 U.S. dollars / ounce.
Standard Chartered Bank in the release of third quarter investment report that will be the next one to three years to regain the gold rally, expected to reach 1,350 U.S. dollars / ounce. The central bank buying of gold as gold's long term factors supporting the dollar weak medium to long term fundamentals will not change, so when the dollar return to the weak, the gold will thus benefit.
gold price is expected to bottom out
New York Mercantile Exchange (COMEX) gold futures closed higher Thursday, as strong corporate earnings, indicating brighter economic outlook, increase the investment appeal of gold. COMEX-8-month gold futures closed up 3.80 U.S. dollars GCQ0, 1 ounce , 195.60 U.S. dollars. trading range of 1,180.70 to 1,201.20 dollars an ounce. U.S. heavyweight strong growth in corporate revenue, triggering a variety of assets rebounded, pushing the stock market, gold market and other commodities. gold Friday in Europe bank stress tests results came in early before the increase is limited .6 Since gold stocks were broadly consistent with, the debt due to proliferation concerns receded in Europe, the euro shells. COMEX estimated, the final volume was 143,684 gold mouth.
1901GMT, spot gold XAU = USD 1,195.15 an ounce, USD 1,191.80 reported late the previous day. London afternoon fixing price of gold XAUFIX = USD to 1,199.50. COMEX-9-month closing high 31.70 cents silver SIU0 , or 1.8%, to 18.120 U.S. dollars an ounce, following the gold rally, due to the expected improvement in the demand for industrial metals. trading interval from 17.635 to 18.200 U.S. dollars an ounce. COMEX estimated final volume of silver for the 32,397 population . Spot silver XAG = 18.09 U.S. dollars an ounce, higher than the 17.77 U.S. dollars late the previous day.
New York foreign exchange market:
Euro / dollar rose 1 percent Thursday, as strong euro zone economic data and U.S. corporate performance, rekindling hope for the global economy and boost investor risk appetite. Data showed unexpected strength in manufacturing and services in Europe After growth, the euro rose through 1.29 against the dollar, but Friday the European Bank of stress test results released before the uncertainty of the euro did not probe further on hit 1.30 U.S. dollars over the recent 10-week highs. U.S. stocks rose for, and U.S. Federal Reserve Board (FED, Fed) Chairman Ben Bernanke yesterday described the U.S. economic outlook somber improvement in market sentiment after the yen trimmed gains against the dollar, but fell against other currencies. struggling dollar, weak U.S. economic data due suppressed the market for the Fed to raise interest rates next year. This prompted investors to re-evaluate the expected return on dollar-denominated assets. the United States-year notes US2YT = RR rate of return (yield) earlier this week dropped to a record low of 0.57% lower than the comparable German bond yields. But Thursday showed U.S. existing home sales in June fell 5.1%, down 8.1% less than market expectations, investors feel slightly relieved.
European banks last resort, the banking sector stress testing results will be baked in the final tomorrow morning; parties against this interpretation of financial institutions have different views, but the authors believe that accumulation of Europe because of the debt crisis is easing, but despite from the economic recovery process and future implementation of the euro zone's monetary policy and fiscal expenditure will appear on a tight situation, this is the most current address constraints on future economic development factors; the fundamental problems the euro area and the rigidity of the pressure test concerns will prevent the euro gains momentum. euro rebounded after the end of the round will continue into the pace;
U.S. stocks:
U.S. stocks rose Thursday as investors shake off some of the concerns of economic recovery efforts after 3M, United Parcel Service (priority than speed, UPS), and Caterpillar and other companies announced the good economic benchmark forecast. Weight quarterly business-intensive results after the close today, Microsoft also released quarterly results, shares rose 2.9 percent, after results were released after the bell was little changed. three major stock indexes today, the largest increase in more than two weeks, UPS rose 5.2%, after the company raised profit outlook. The company is seen as a barometer of consumer and business needs. Thursday after data showed that jobless claims last week increased. After strong growth earlier this year, employment growth has slowed drag on household spending and economic recovery.
New York Stock Exchange, American Stock Exchange and the Nasdaq market, the total turnover of around 8.7 billion shares, last year's estimated daily average value of 9.65 billion shares. Up and down the New York Stock Exchange, shares a ratio of about 7:1, Nasdaq, down the number of shares with a ratio of about 5:1.
Traders were also digesting:
U.S. crude oil futures rose more than 3 percent Thursday, to 79 U.S. dollars a barrel over the 11-week high, due to stronger than expected economic data, stock market performance boost, and the market worried about possible threats to Gulf of Mexico tropical cyclone of crude oil production. U.S. dollar against a basket of major currencies and the euro weakness, but also boost oil prices down more than 1% after yesterday's rally. oil futures rose more than 3%. today's trading range was 76.16-79.42 U.S. dollars, which was the highest May 6 . U.S. National Hurricane Center (US National Hurricane Center) Thursday said in the report, the third tropical cyclone formed near the Bahamas, a tropical storm expected to strengthen, but will not form before the hurricane landed. in Gulf of Mexico operations close attention to the energy companies could strengthen as the storm hit the area of tropical cyclones, some companies are removed from the offshore drilling platform staff. by strong corporate performance, better-than-expected data on U.S. housing market and the European manufacturing improvement in industry and service sector activities, global stock markets surged, the euro.
Our technical analysis of a specific month from the oil firm's standing in line for more than 70, 10 and 20 day MA Jin Cha, MACD indicator is still in a strong smoothing higher; believe that gold will continue rising short-term challenge in May The previous high point; this will form an effective short-term support for gold;
Spot Gold Technical Analysis:
Spot gold from 1265 to the recent lowest point since 1175 in the vicinity, for a total decline of 90 dollars; once during the relay rally lasted longer but the intensity and magnitude of rebound is limited; only cause the price of the second bottom; an investment were concerned that since 1175 can support the formation of a strong gold price for the recent evidence is whether 1175 can be defined as a rebound in the low sub-faced gold; answer from the current form of multi-cycle perspective, in particular contour of its Comparison of strong rebound cycle, so a rebound around the corner; Another fact is that 1175 was close to the average price in 2010 locations, there are no accidents, if so, tonight's European banks stress test results will show the pressure of the role of the euro; at this time for Gold's rally is expected to have varying degrees of support; from the assumption that the premise, the analysis shows this month closed on line no doubt Yinxian reported the possibility of a very large collection; it will bring Q3 to suppress the role of gold simple understanding is that next month will continue decline; but longer subject to periodic adjustment in July, from the perspective of time weekly face the possibility of a rebound is also increasing; another argument is that gold will face a longer period to adjust , then the short-term technical secondary will head the search for the establishment of a technical fix, investors should be concerned that once the rebound then the rebound cycle and amplitude; because this action will have on our guide!
Trading Strategy Reference:
Rebound from yesterday and the day closed line situation, short-term momentum is still continuing on the probe; particular lines and 480 minutes 360 minutes Line K Line shape; so the operation in 1190 can do more around, stop 1185; s 1207 goal, the second goal of 1215 in the vicinity;
1901GMT, spot gold XAU = USD 1,195.15 an ounce, USD 1,191.80 reported late the previous day. London afternoon fixing price of gold XAUFIX = USD to 1,199.50. COMEX-9-month closing high 31.70 cents silver SIU0 , or 1.8%, to 18.120 U.S. dollars an ounce, following the gold rally, due to the expected improvement in the demand for industrial metals. trading interval from 17.635 to 18.200 U.S. dollars an ounce. COMEX estimated final volume of silver for the 32,397 population . Spot silver XAG = 18.09 U.S. dollars an ounce, higher than the 17.77 U.S. dollars late the previous day.
New York foreign exchange market:
Euro / dollar rose 1 percent Thursday, as strong euro zone economic data and U.S. corporate performance, rekindling hope for the global economy and boost investor risk appetite. Data showed unexpected strength in manufacturing and services in Europe After growth, the euro rose through 1.29 against the dollar, but Friday the European Bank of stress test results released before the uncertainty of the euro did not probe further on hit 1.30 U.S. dollars over the recent 10-week highs. U.S. stocks rose for, and U.S. Federal Reserve Board (FED, Fed) Chairman Ben Bernanke yesterday described the U.S. economic outlook somber improvement in market sentiment after the yen trimmed gains against the dollar, but fell against other currencies. struggling dollar, weak U.S. economic data due suppressed the market for the Fed to raise interest rates next year. This prompted investors to re-evaluate the expected return on dollar-denominated assets. the United States-year notes US2YT = RR rate of return (yield) earlier this week dropped to a record low of 0.57% lower than the comparable German bond yields. But Thursday showed U.S. existing home sales in June fell 5.1%, down 8.1% less than market expectations, investors feel slightly relieved.
European banks last resort, the banking sector stress testing results will be baked in the final tomorrow morning; parties against this interpretation of financial institutions have different views, but the authors believe that accumulation of Europe because of the debt crisis is easing, but despite from the economic recovery process and future implementation of the euro zone's monetary policy and fiscal expenditure will appear on a tight situation, this is the most current address constraints on future economic development factors; the fundamental problems the euro area and the rigidity of the pressure test concerns will prevent the euro gains momentum. euro rebounded after the end of the round will continue into the pace;
U.S. stocks:
U.S. stocks rose Thursday as investors shake off some of the concerns of economic recovery efforts after 3M, United Parcel Service (priority than speed, UPS), and Caterpillar and other companies announced the good economic benchmark forecast. Weight quarterly business-intensive results after the close today, Microsoft also released quarterly results, shares rose 2.9 percent, after results were released after the bell was little changed. three major stock indexes today, the largest increase in more than two weeks, UPS rose 5.2%, after the company raised profit outlook. The company is seen as a barometer of consumer and business needs. Thursday after data showed that jobless claims last week increased. After strong growth earlier this year, employment growth has slowed drag on household spending and economic recovery.
New York Stock Exchange, American Stock Exchange and the Nasdaq market, the total turnover of around 8.7 billion shares, last year's estimated daily average value of 9.65 billion shares. Up and down the New York Stock Exchange, shares a ratio of about 7:1, Nasdaq, down the number of shares with a ratio of about 5:1.
Traders were also digesting:
U.S. crude oil futures rose more than 3 percent Thursday, to 79 U.S. dollars a barrel over the 11-week high, due to stronger than expected economic data, stock market performance boost, and the market worried about possible threats to Gulf of Mexico tropical cyclone of crude oil production. U.S. dollar against a basket of major currencies and the euro weakness, but also boost oil prices down more than 1% after yesterday's rally. oil futures rose more than 3%. today's trading range was 76.16-79.42 U.S. dollars, which was the highest May 6 . U.S. National Hurricane Center (US National Hurricane Center) Thursday said in the report, the third tropical cyclone formed near the Bahamas, a tropical storm expected to strengthen, but will not form before the hurricane landed. in Gulf of Mexico operations close attention to the energy companies could strengthen as the storm hit the area of tropical cyclones, some companies are removed from the offshore drilling platform staff. by strong corporate performance, better-than-expected data on U.S. housing market and the European manufacturing improvement in industry and service sector activities, global stock markets surged, the euro.
Our technical analysis of a specific month from the oil firm's standing in line for more than 70, 10 and 20 day MA Jin Cha, MACD indicator is still in a strong smoothing higher; believe that gold will continue rising short-term challenge in May The previous high point; this will form an effective short-term support for gold;
Spot Gold Technical Analysis:
Spot gold from 1265 to the recent lowest point since 1175 in the vicinity, for a total decline of 90 dollars; once during the relay rally lasted longer but the intensity and magnitude of rebound is limited; only cause the price of the second bottom; an investment were concerned that since 1175 can support the formation of a strong gold price for the recent evidence is whether 1175 can be defined as a rebound in the low sub-faced gold; answer from the current form of multi-cycle perspective, in particular contour of its Comparison of strong rebound cycle, so a rebound around the corner; Another fact is that 1175 was close to the average price in 2010 locations, there are no accidents, if so, tonight's European banks stress test results will show the pressure of the role of the euro; at this time for Gold's rally is expected to have varying degrees of support; from the assumption that the premise, the analysis shows this month closed on line no doubt Yinxian reported the possibility of a very large collection; it will bring Q3 to suppress the role of gold simple understanding is that next month will continue decline; but longer subject to periodic adjustment in July, from the perspective of time weekly face the possibility of a rebound is also increasing; another argument is that gold will face a longer period to adjust , then the short-term technical secondary will head the search for the establishment of a technical fix, investors should be concerned that once the rebound then the rebound cycle and amplitude; because this action will have on our guide!
Trading Strategy Reference:
Rebound from yesterday and the day closed line situation, short-term momentum is still continuing on the probe; particular lines and 480 minutes 360 minutes Line K Line shape; so the operation in 1190 can do more around, stop 1185; s 1207 goal, the second goal of 1215 in the vicinity;
International Precious Metals Market Briefing July 23
Performance report due after the publication of risk preference to heat up, the New York Mercantile Exchange (COMEX) gold 22 closed slightly higher, COMEX gold futures rose in August 1,195.60 dollars an ounce.
1, closing comments:
Integrated media reported on July 22, the New York Mercantile Exchange (COMEX) gold futures closed slightly higher on 22, as better-than-expected corporate performance to some extent, eased investor concerns about slowing the economic recovery, a number of market risk appetite warming.
New York Mercantile Exchange, August gold futures rose 3.80 to 1,195.60 dollars an ounce, up 0.3%. Intraday high at 1,201.20 dollars, the highest price for the 16 years.
22, the U.S. stock market soar, business performance reports and the euro zone economic data become the focus. Performance in recent weeks, reports and economic data showed that economic recovery may not be such as the look is so bleak outlook. Precious Metals Futures on the 22nd to benefit from risk appetite, both oil and copper prices soared.
Analysts said traders will be eager to be released on the 23rd of concerns about the European banking sector stress testing results. If the stress test results show that the European banking industry is in a safe, then the gold or lower, a result of such precious metals as a result of or further reduce demand for alternative investments.
Nymex October platinum futures settled down 40 cents, to 1,529.40 dollars an ounce, close to steady. September palladium futures rose 4.75 U.S. dollars to 456.90 U.S. dollars an ounce, or 1.1%.
COMEX September silver futures settled up 31.7 cents, to 18.120 U.S. dollars an ounce, or 1.8%.
Second, the following is the COMEX gold closing quote of 22 (unit: USD / ounce):
Contract Open High Low Close Volume Change positions
July / 2010 (GLNN) 1194.4 1196.0 1194.4 1195.5 3.9 54 31
August / 2010 (GLNQ) 1184.1 1201.2 1180.7 1195.6 3.8 108311 227429
October / 2010 (GLNV) 1189.0 1203.0 1182.6 1197.4 3.7 4830 30952
December / 2010 (GLNZ) 1188.1 1204.6 1184.4 1199.3 3.8 29192 158628
February / 2011 (GLNG) 1192.4 1204.3 1192.4 1200.9 3.7 1387 20299
April / 2011 (GLNJ) 1201.1 1201.1 1201.1 1202.4 3.7 65 17444
June / 2011 (GLNM) 1190.8 1207.2 1190.0 1203.9 3.6 401 14665
Source: New York Mercantile Exchange
Third, following the Shanghai Gold Exchange price of 22 trading unit: yuan / gram AgT + D Unit: RMB / kg
Contract Open High Low Close Change (yuan) Price volume weighted average price
Au100g 262.20 262.20 259.50 259.64 -1.43 -0.0055 260.26 46.4
Au9995 260.76 260.80 258.60 259.19 -0.70 -0.0027 259.22 3,082
Au9999 260.99 261.00 258.80 259.02 -0.98 -0.0038 259.38 4,754
Pt9995 344.00 344.00 342.75 342.78 0.71 0.0021 343.47 124
AuT + D 260.50 260.85 258.46 258.91 -0.99 -0.0038 259.40 14,396
AgT + D 4135.00 4135.00 4107.00 4115.00 -9.00 -0.0022 4118.00 103,246
Ag99.99 4150.00 4150.00 4150.00 4150.00 0.00 0 4150.00 600
Deferred compensation payment of direction: AuT + D - to pay more space; Ag (T + D) - extra space.
Note: The volume measured for the two-way
Source: Shanghai Gold Exchange
1, closing comments:
Integrated media reported on July 22, the New York Mercantile Exchange (COMEX) gold futures closed slightly higher on 22, as better-than-expected corporate performance to some extent, eased investor concerns about slowing the economic recovery, a number of market risk appetite warming.
New York Mercantile Exchange, August gold futures rose 3.80 to 1,195.60 dollars an ounce, up 0.3%. Intraday high at 1,201.20 dollars, the highest price for the 16 years.
22, the U.S. stock market soar, business performance reports and the euro zone economic data become the focus. Performance in recent weeks, reports and economic data showed that economic recovery may not be such as the look is so bleak outlook. Precious Metals Futures on the 22nd to benefit from risk appetite, both oil and copper prices soared.
Analysts said traders will be eager to be released on the 23rd of concerns about the European banking sector stress testing results. If the stress test results show that the European banking industry is in a safe, then the gold or lower, a result of such precious metals as a result of or further reduce demand for alternative investments.
Nymex October platinum futures settled down 40 cents, to 1,529.40 dollars an ounce, close to steady. September palladium futures rose 4.75 U.S. dollars to 456.90 U.S. dollars an ounce, or 1.1%.
COMEX September silver futures settled up 31.7 cents, to 18.120 U.S. dollars an ounce, or 1.8%.
Second, the following is the COMEX gold closing quote of 22 (unit: USD / ounce):
Contract Open High Low Close Volume Change positions
July / 2010 (GLNN) 1194.4 1196.0 1194.4 1195.5 3.9 54 31
August / 2010 (GLNQ) 1184.1 1201.2 1180.7 1195.6 3.8 108311 227429
October / 2010 (GLNV) 1189.0 1203.0 1182.6 1197.4 3.7 4830 30952
December / 2010 (GLNZ) 1188.1 1204.6 1184.4 1199.3 3.8 29192 158628
February / 2011 (GLNG) 1192.4 1204.3 1192.4 1200.9 3.7 1387 20299
April / 2011 (GLNJ) 1201.1 1201.1 1201.1 1202.4 3.7 65 17444
June / 2011 (GLNM) 1190.8 1207.2 1190.0 1203.9 3.6 401 14665
Source: New York Mercantile Exchange
Third, following the Shanghai Gold Exchange price of 22 trading unit: yuan / gram AgT + D Unit: RMB / kg
Contract Open High Low Close Change (yuan) Price volume weighted average price
Au100g 262.20 262.20 259.50 259.64 -1.43 -0.0055 260.26 46.4
Au9995 260.76 260.80 258.60 259.19 -0.70 -0.0027 259.22 3,082
Au9999 260.99 261.00 258.80 259.02 -0.98 -0.0038 259.38 4,754
Pt9995 344.00 344.00 342.75 342.78 0.71 0.0021 343.47 124
AuT + D 260.50 260.85 258.46 258.91 -0.99 -0.0038 259.40 14,396
AgT + D 4135.00 4135.00 4107.00 4115.00 -9.00 -0.0022 4118.00 103,246
Ag99.99 4150.00 4150.00 4150.00 4150.00 0.00 0 4150.00 600
Deferred compensation payment of direction: AuT + D - to pay more space; Ag (T + D) - extra space.
Note: The volume measured for the two-way
Source: Shanghai Gold Exchange
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