China News Finance [China News Financial Network May 18 early comments] May 18 This day is still good, suspension of 1 years 11 days of weight index shares 600900 Yangtze River Power today is a positive or bad? The unit was suspended last year when the market was at a higher level, and the company announced a huge restructuring plan, the deal amounted to 107.5 billion yuan, plans to buy a large number of parent company assets. Major agencies are trying to assess the reasonable price of the Changjiang power after the reorganization. On the whole, the short-term plate may be stimulated by the restructuring message, but from the long-term perspective, its share price will be accompanied by the overall market valuation level and the level of P/E, gradually shocks down. The actual combat participation value is general. Observe the influence of the direction of fluctuation on the exponent. Today's market key points to calculate the current Shanghai Composite Index maintained a strong reorganization, the attack energy is still in the savings. Mr Zhou announced that expansionary monetary policy could be fine-tuned, meaning that upward pressure on the market would also widen. The key market points for this week are: 2,620, 2,660 and 2,720. 2,660 points is the market upward channel on the rail, has still been the pressure on the index; 2,620 is the 10th moving average strong support position, not to be penetrated the market trend will not be affected by nature. Index consolidation is expected to further challenge up to 2,720 points, but this point above the management may be introduced in succession some regulatory measures. Today's information reading 1: The Dow low 0.75% this week for two months the worst performance of the U.S. stock market Friday Low, the latest release of a number of economic data is uneven, the stock market has no significant impact. But the fall in oil prices is a drag on energy stocks, a bad investment climate. The Dow Jones Friday closed at 8268.64 points, down 62.68 points or 0.75%; the Nasdaq index closed at 1680.14 points, down 9.07 or 0.54%, and the standard and poor 500 index closed at 882.88, down 10.19 points or 1.14%. Summing up the week, the Dow Jones index fell 3.6%, ending 9 consecutive weeks of rally. The S & P 500 index fell 5% in the whole week, the worst one in two months. Today's Reading 2: London's FTSE index is down 0.33% but bank shares have generally made a private development in Europe in Friday, and bank shares, including Barclays, have risen, offsetting declines in defensive shares such as telecoms, while energy and pharmaceutical stocks have also generally softened. London's FTSE 100 index closed at 4348.11 points, down 14.47 or 0.33%; Germany's DAX index closed 4737.5 points, down 0.97 or 0.02%; the French CAC index closed 3169.05 points, up 12.76 or 0.4%. Bank shares are on the rise, and the Financial Times has news that Barclays is negotiating a sale of its asset management business, with the highest selling price of $10 billion trillion, boosting Barclays to a hefty 5.8% rise. In addition, Fortis Bank announced the first quarter profit of 44 million euros, the company's overall solvency is still strong, Fortis BankThe city's strength rose 12%. Today's information reading 3: New York June oil fall 3.9% Market worries demand will reduce international crude oil futures prices fell in Friday, New York and London period oil fell more than 2 U.S. dollars. U.S. stocks retreated and worries that energy demand would be reduced have weighed on a significant drop in oil prices. New York's June oil price closed at $56.34 a barrel, down 2.28 U.S. dollars, down 3.9%. London July Brent oil close to 55.98 U.S. dollars a barrel, down 2.61 U.S. dollars, a decrease of 4.5%. OPEC and IEA cut oil demand forecasts this week, lowering oil prices from $60 a barrel in Tuesday. Today's information reading 4: New York June oil fall 3.9% Market worries demand will reduce international crude oil futures prices fell in Friday, New York and London period oil fell more than 2 U.S. dollars. U.S. stocks retreated and worries that energy demand would be reduced have weighed on a significant drop in oil prices. New York's June oil price closed at $56.34 a barrel, down 2.28 U.S. dollars, down 3.9%. London July Brent oil close to 55.98 U.S. dollars a barrel, down 2.61 U.S. dollars, a decrease of 4.5%. OPEC and IEA cut oil demand forecasts this week, lowering oil prices from $60 a barrel in Tuesday. Today's information Interpretation 5: GM Friday issued a notice to close its 1100 dealers General Motors said in Friday that it had issued a notice to its 1100 dealers that it planned to close the dealers by October 2010. The company also plans to cut 2,369 dealerships by the end of 2010. The aim is to help the company survive by increasing the prices and sales of cars and trucks sold by other dealers. GM also said it would notify 470 of Saturn (Saturn), Saab and Hummer (Hummer) Dealers of the latest developments in the disposal of these brands. Sources said most of GM's contracts with dealers would expire in 2010, and the company would cut sales by refusing to renew the contract. GM's restructuring plan requires it to cut 42% of its 6,000 dealers and divest 4 of its 8 brands, Saturn (Saturn), Saab (Saab), Hummer (Hummer) and Pontiac (Pontiac). Dealers in these brands will be hit badly, but some of the dealerships that sell GM's better brands will continue to operate, which is not good news for the car sector, but not a big hit for the Chinese auto industry.
The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion;
products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the
content of the page makes you feel confusing, please write us an email, we will handle the problem
within 5 days after receiving your email.
If you find any instances of plagiarism from the community, please send an email to:
info-contact@alibabacloud.com
and provide relevant evidence. A staff member will contact you within 5 working days.