[ad_1]
This week’s international financial events include the inclusion of Tesla in the S&P 500 Index, the announcement of the December LPR interest rate by the People’s Bank of China and the delivery of Moderna’s new corona vaccine. Among them, the market is the most affected by the inclusion of Tesla in the S&P 500 index in the broader S&P 500.
Trader’s Notes This Week (1221-1225)
1. Teslaner S&P 500:
Electric vehicle giant Tesla (TSLA-US) will be included in the S&P 500 index at the same time on Monday (21), 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 billion of funds in the transaction, because the index fund will have to sell the shares of the smallest companies in the S&P 500 to buy Tesla shares. Between 80 billion US dollars.
2. China December LPR interest rate:
On Monday (21), the People’s Bank of China (PBoC) will announce the LPR loan interest rate for December. The market expects the LPR interest rate to remain unchanged.
It is worth noting that if the interest rate included in December remains unchanged, the LPR interest rate of the People’s Bank of China has been “frozen for eight consecutive months” and the general interest rate policy is neutral and strict.
Furthermore, to maintain reasonable and sufficient liquidity in the banking system, the People’s Bank of China released RMB 950 billion through the Medium Term Loan Facility (MLF) on Tuesday (15). Not only did it continue to do so for five consecutive months, but the scale was also a new record this year.
The market believes that the current monetary policy of the People’s Bank of China is likely to be “increasing volume without increasing price,” that is, it is willing to maintain market liquidity but is unwilling to increase social financing costs.
3. Delivery of the new Moderna corona vaccine:
The first batch of new corona vaccines produced by the Moderna pharmaceutical company (MRNA-US) will be delivered on Tuesday (22) and, compared to the new corona vaccines from Pfizer, both are 90% effective.
The United States, the area most affected by the epidemic, has injected 270,000 Pfizer vaccines, while the European Union plans to begin vaccinating in 27 member states on December 27, 28 and 29 after Christmas.
4. The US fiscal stimulus approved before the postponement:
According to Senate Majority Leader Mitch McConnell and others last Wednesday (16), Congress is close to reaching a new $ 900 billion bailout deal, which will include small business assistance loans and protection plans. wage. Write a cash check with about $ 600,
However, with the two sides still not reaching a consensus on this bailout deal last week, the market is focusing on whether Congress can push itself to pass the deal before the Christmas break.
[ad_2]
