International financial events this week include Tesla’s inclusion in the S&P 500 index, the announcement of the December LPR interest rate by the People’s Bank of China, and Moderna’s new crown vaccine delivery. Among them, the market is most affected by Tesla’s inclusion in the S&P 500 index on the broader S&P 500.
Trader’s notes this week (1221-1225)
1. Teslaner S&P 500:
Electric car giant Tesla (TSLA-US) Will be included in the S&P 500 index on Monday (21st), and it is estimated that it will become the sixth-highest company in the S&P 500 market.
Analysts initially estimated that the inclusion of Tesla will affect more than 100 billionUSDCapital investment transactions, because the index fund will have to sell the stocks of smaller companies in the S&P 500 to buy Tesla stocks. The estimated sale size is about 60 to 80 billionUSDbetween.
2. China December LPR interest rate:
On Monday (21st) the People’s Bank of China (PBoC) will announce the December LPR loan interest rate. The market expects that the LPR interest rate will remain unchanged.
It is worth noting that if the interest rates included in December remain unchanged, the People’s Bank of China’s LPR interest rate has been “freezing for eight consecutive months”, and the overall interest rate policy is neutral and tight.
In addition, in order to maintain reasonable and adequate liquidity in the banking system, the People’s Bank of China released 950 billion yuan of water through the medium-term loan facility (MLF) last Tuesday (15th).RMBNot only did it continue to overtake for five consecutive months, but the scale was also the highest this year.
The market believes that the current monetary policy of the People’s Bank of China is likely to be “increase the volume without increasing the price”, that is, it is willing to maintain market liquidity, but is unwilling to increase social financing costs.
3. Delivery of Moderna’s new crown vaccine:
Pharmaceutical Moderna (MRNA-US) The first batch of COVID-19 vaccine produced will be delivered on Tuesday (22nd), and compared with Pfizer’s COVID-19 vaccine, both are 90% effective.
The United States, the hardest hit area of the epidemic, has already injected 270,000 Pfizer vaccines, while the European Union plans to start vaccinating in 27 member states on December 27, 28, and 29 after Christmas.
4. The US fiscal stimulus passed before the adjournment:
According to Senate Majority Leader Mitch McConnell and others last Wednesday (16th), Congress is close to reaching a 900 billion yuanUSDThe new rescue agreement, which will include small business assistance loans, a salary protection plan and 600 USDAround cash checks,
However, since the two parties still did not reach a consensus on this bailout agreement last week, the market is focusing on whether Congress can strive to pass the agreement before the Christmas holiday.
–
