The expectation of the Federal Reserve raising interest rates is suppressing international commodity prices

Huitong Network3month3Daily News - China Stock Market Shanghai Composite Index Friday(3month3day)Two consecutive days of decline. Analysts pointed out that the expectation of the Federal Reserve raising interest rates has suppressed international commodity prices, and domestic cyclical stocks have generally weakened; However, the leading stock on the Shenzhen ChiNext board, LeTV, broke through its limit and fell, which also dampened market sentiment. After the broad market opened low, it remained low and trading shrank.

Shanghai Composite Index Collection Report3218.31Point, drop11.72Point or0.36%; The index has accumulated a decline this week1.08%End the previous three consecutive weeks of gains. today(3month3day)ShanghaiAStock transaction1925RMB 100 million, last day(3month2day)by2228RMB100mn

Chinese stock market: The Shanghai Composite Index closed lower for two consecutive days, putting pressure on expectations of interest rate hikes from the Federal Reserve

Shen Zhengyang, a strategic analyst at Northeast Securities, pointed out that "the divergence regarding the trend of cyclical stocks is increasing, and some investors believe that the market is nearing its end; while the decline of LeEco has a negative impact on the popularity of small and medium-sized startups."

Federal Reserve(FED)Multiple officials have delivered speeches as a platform for interest rate hikes, increasing the implied probability of this month's interest rate hike from just the beginning of this week30%Jump up to74%. The strength of the US dollar is not good news for commodities priced in US dollarsgoldExpired copper and other materials have been impacted. Domestic cyclical stocks generally fell, while China Petroleum closed lower1.71%。

LeEco's recent decline in negative rumors5.51%. Previously, there were reports that LeEco had suspended the issuance of corporate bonds, with a total price of6.4Two large transactions worth billions of yuan on LeEco may be due to the second largest shareholder of the company, Xin Gen, selling heavily.

Shen Zhengyang also stated that the "Two Sessions" of the National People's Congress and the Chinese People's Political Consultative Conference are about to open, and according to tradition, there is no major market trend in the stock market during the two sessions, with a mainly volatile trend; Therefore, the overall market will continue to maintain a consolidation trend next week and test the support position for the next level.
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