Ample liquidity drives peripheral markets warmer

⊙ Shanghai Lian Shen Jun ⊙ Shen Jun from the global financial market, quantitative easing of monetary policy has become an important direction of monetary policy in major countries, a large number of government bonds were bought, the huge liquidity was directly put into the city's often expansionary fiscal and monetary policy not only eased the market tension, but also slowed the pace of the recession. Taking the US real estate market as an example, although the recovery of the real estate sector as the source of the crisis has not emerged, the US new home Start index has fallen sharply from the end of 2005 to 2,200, showing signs of stabilisation earlier this year.　　In terms of development indicators, there is still no sign of a rebound in real GDP in the US, but the US non-farm payrolls figures showed signs of rebounding at the end of March this year, indicating a slowdown in the US economy. An increase in optimism has led to a certain degree of positive traction in the securities market, as a result of the US ABC consumer confidence index, which has seen signs of a return to the bottom. The three major stock indexes in New York in Tuesday rose by around 3%. And India's stock market in the government election news stimulated by the historical two-degree trading. According to statistics, 10 of the world's best performing stocks are dominated by emerging market equities. The MSCI emerging market index has rebounded 25% this year, while the S & P 500 index has risen only 2.3% per cent. Brazil and China, the BRIC countries, have also shown remarkable performance. The main stock index BOVISPA index in Sao Paulo, Brazil, has risen nearly 22% this year.　　Russia hit a 80.12% increase in the first quarter. The global liquidity is abundant, promotes the periphery market to be warmed up, has certain support function to the a a-share market. The A-share market has recently hit 2,700 points of power.