Summary of financial information

      The three major stock indexes in New York ended the 31st higher

      All three major stock indexes in New York rose Wednesday, with the Dow and S&P 500 both up more than 1% and the Nasdaq up nearly 1.4%, as investors looked forward to a new bailout plan for Greece.

      International oil prices rose more than $2 a barrel on Friday

      International oil prices rose sharply on Wednesday, rising more than $2 in New York and London as the DOLLAR weakened.

      Hu jintao: We will accelerate the cultivation and development of strategic emerging industries

      The Political Bureau of the CPC Central Committee held the 29th group study session on cultivating and developing strategic emerging industries on The afternoon of May 30. Presiding over the study, Hu Jintao, General Secretary of the CPC Central Committee, stressed that accelerating the cultivation and development of strategic emerging industries is of strategic significance to realizing comprehensive, coordinated and sustainable economic and social development, building a well-off society in an all-round way and accelerating socialist modernization. To further implement the scientific outlook on development, adapt to the need of the economic and social development of major, to deal with the relationship between the basic market function and government guidance to promote, the relationship between the whole advancement and breakthroughs made in key areas, based on the current and long-term relationship, give play to the role of enterprise main body, intensify policy support, we will deepen reform of the system and mechanism, strive to create a good environment, strengthen the industrialization of scientific and technological achievements, We will promote the rapid and sound development of strategic emerging industries.

      June economic situation is not optimistic monetary policy or "three rate" linkage

      As the year approaches the middle of the year, inflationary pressures remain high and there are many uncertainties in external liquidity. Under a lot of pressure, although the current economic growth has been slowing down, but market participants expect that "inflation prevention" will still be higher than "growth protection", June interest rates, deposit reserve ratio, exchange rate may appear "three rates" linkage situation.23 companies in the forecast of the first loss in June market lit "in the market"

      Into June, listed companies in the report will be disclosed. As of May 31, a total of 757 listed companies in the two cities disclosed in the forecast, of which more than 70% are expected to like, but there are 23 listed companies disclosed performance losses for the first time, some stock performance changes are very violent. Analysts believe that into June, the report performance or will once again become the focus of market attention.

     A shares floating red may the last day of the external environment facing multiple tests

     On the last trading day of May, the A-share market finally said goodbye to the recent continuous adjustment. The Shanghai and Shenzhen stock indexes both closed up more than 1%, weighted index stocks stabilized across the board. On the same day, the Shanghai Composite index opened at 2707.56 points, fell to 2702.09 points after the shock began to rise, the last day at 2743.47 points, up 37.11 points, or 1.37 percent. The Shenzhen Component index rose 186.93 points, or 1.63 percent, to 11665.14.

     A total of 237,000 comments were collected on the individual income tax plan

     More than a month of soliciting opinions on amendments to the tax law ended yesterday, with a record 237,000 people seeking opinions. Among the more than 230,000 opinions, whether the exemption should be raised to 3,000 yuan is still the focus of controversy. The National People's Congress (NPC) will revise the draft based on comments, and it is expected to submit the draft for second review in mid-to-late June, although the exact date is still subject to the latest NPC Committee communique.

1. Policy developments

      Shanghai "Hu Jintao: Accelerating the cultivation and development of Strategic Emerging Industries", "The Political Bureau of the CPC Central Committee on the afternoon of May 30 on the cultivation and development of strategic emerging industries for the 29th collective study. Hu Jintao, General Secretary of the CPC Central Committee, stressed that accelerating the cultivation and development of strategic emerging industries is of strategic significance to realizing comprehensive, coordinated and sustainable economic and social development, building a well-off society in an all-round way and accelerating socialist modernization." "Hu stressed that accelerating the cultivation and development of strategic emerging industries is a major strategic task for China's economic and social development. Party committees and governments at all levels should earnestly take responsibility to the work on the important agenda, the overall national plan combining with the region's actual department, strengthen organizational leadership and overall coordination, intensify policy support, strengthen the planning, policy implementation, such as work to coordinate and guide, accelerate reform of the related fields and follow the rules, adjust measures to local conditions, We will strive to accomplish all objectives and tasks of accelerating the cultivation and development of strategic emerging industries."

      Brief comment: high-tech strategic emerging industry, the current weakness is the stock price is on the high side. Belong to oversold rebound stocks in the majority.

2. Price dynamics 

      "As pork, eggs and other food prices saw a slight increase, the consumer price index (CPI) may rise 5.4%-5.5%. I expect the rate hike window may reopen in June." "The middle of the year is probably the time of year when price pressures will be greatest. Managing inflation expectations will remain the focus of regulation for some time to come. After the third quarter, CPI inflation may moderate, "he said. Shanghai Stock Exchange "Economic Situation is Not optimistic in June, Monetary Policy may be" Three rate "Linkage Note the key words: "June rate hike window may open again", so June will inevitably have a shock. July is not without its worries.

(3) Peripheral stock marketsUs stocks closed higher on Tuesday, June 1, Beijing time, the three major US stock indexes closed higher, Greece is expected to get a bailout, the easing of the debt crisis news boosted market confidence, Us stocks opened higher on Tuesday; A sharp drop in the Chicago purchasing managers index to a 1-1/2 year low and a weaker-than-expected consumer confidence report in May briefly curtailed gains on Wall Street. But Wall Street ended the month down, with the Dow down nearly 241 points, the Nasdaq down about 38.2 points and the S&P 500 down about 18.3 points. The Dow Jones Industrial Average rose 128.06 points, or 1.03%, to close at 12,569.64. The Nasdaq Composite Index rose 38.44 points, or 1.37%, to 2,835.30. The S&P 500 rose 14.10 points, or 1.06%, to close at 1,345.20."

      "European stocks surged on Tuesday as investors began to think Greece might avoid a debt restructuring, with Greek bank shares surging and Eurobank Ergasias up 10%. Oil stocks such as Total rose as the dollar's slide boosted oil prices. Nokia bucked the trend and fell nearly 18% after issuing an earnings warning. The pan-European Dow Jones Stoxx 600 index gained 0.8% to 281.06. Us markets, which were closed on Monday for The Memorial Day holiday, rose."

      Brief comment: The Greek debt crisis eased slightly, bringing yesterday's global stock market rally. It remains to be seen whether the rebound can be sustained. For the mainland stock market, belong to oversold rebound, there is resistance near the line.

(4) Bulk commodities 

      Xinhua net New York gold futures closed slightly lower at $1536.80, "" Beijing time on June 1, the morning news, New York gold futures closed slightly down on Tuesday, plate were mixed, mainly due to investors profit-taking activity and to buy gold as a safe haven asset demand fall in the gold market under pressure, But a weaker dollar has supported the market. Gold futures for August delivery fell 50 cents to settle at $1,536.80 an ounce on the COMEX division of the New York Mercantile Exchange. Gold futures in New York have fallen 1.2 per cent in trading this month. Gold and other commodity futures have come under pressure this month as renewed concerns about the eurozone sovereign debt crisis have pushed the dollar higher and prompted investors to pull out of commodities. Over the course of May, the dollar rose about 2 per cent, while the euro fell about 3 per cent. The ICE Futures Exchange's DOLLAR index last traded at 74.636, down from 74.954 on Monday. Comex silver for July delivery rose 44 cents, or 1.2%, to settle at $38.31 an ounce. But futures fell 21 per cent in trading this month, their worst monthly performance since August 2008. New York silver futures rose nearly 30 percent in April. In other metals trading in New York, copper for July delivery fell 1 cent, or 0.2%, to $4.18 a pound. New York copper futures were flat in mid-May. Platinum for July delivery rose $34, or 1.9%, to settle at $1,834 an ounce, after falling 1.7% in May. Palladium for September delivery rose $19.10, or 2.5%, to settle at $781 an ounce, after losing 1.4% in May."

      Light crude for July delivery rose $2.11, or 2.10%, to settle at $102.70 a barrel on the New York Mercantile Exchange. Brent crude for July delivery rose $2.05, or 1.79%, to settle at $116.73 a barrel in London. (Xinhua)

      Brief comment: the trend of bulk commodities yesterday or differentiation, industrial commodities in the continuous rise more is London aluminum. However, from the Shanghai and Shenzhen non-ferrous metal plate stock trend, the trend is relatively strong is a small number of small metals. Bulk industrial commodities corresponding non - ferrous stocks are still in the adjustment wave.