Pay attention to macro policies at home and abroad this week

Last week, the A -share market shocked, and the Shanghai Composite Index rose 1.30%in a week. The GEM index and 300 CSI and 300 were 0.84%and 0.24%. The market style was biased towards small and medium -cap stocks. In terms of industry sectors, low -level sectors such as environmental protection, computers, and media have led the rise, and agriculture, forestry, animal husbandry, fishes, electricity equipment, and building materials led. The northern direction of funds slightly inflow of 1.645 billion yuan last week.

Source: Wind

Since the beginning of July, the A -share market has been slightly weak after rebounding in the early stage. The follow -up market trend still needs to observe domestic economic restoration, semi -annual reports of listed companies, and domestic and foreign policy environments.

The relevant leaders held a meeting last Thursday, stating that "my country's economy is in the key window of stabilizing and recovering, and it is very important in the third quarter." Due to urban policy to promote the steady and healthy development of the real estate market, ensure the rigid demand of housing, and reasonably support improving sexual needs. We will introduce specific measures to support the healthy development of the platform, guide platform enterprises to carry out inclusive financial business in accordance with laws and regulations, and give full play to the platform economy to create employment and promote consumption role. Increase financial support for imports and exports, and actively provide services such as exchange rate shelter for enterprises. "

Generally speaking, the meeting still emphasizes stable economic growth. It has mentioned that the real estate and platform economy that is more concerned about the market is mentioned. It is expected that the policy focus of the third quarter is to continue to promote the effectiveness of stable economic policies. Another important meeting will be held at the end of July, or setting the economic development in the second half of the year, which can be focused on.

What needs to be concerned overseas is the early morning of July 28 this week, and the United States will announce the July interest rate resolution. At present, the silent period before the July decision -making meeting, 100 basis interest rate hikes are expected to continue to cool down. At present, the market generally expects 75 basis points to raise interest rates, and may slow down the pace of interest rate hikes. In addition, economic and data such as the PCE price index in the second quarter and June will be announced densely. U.S. stocks such as Apple, Microsoft, Google, Amazon, Meta, and other technology giants will also release financial reports, which may affect the future performance of US stocks and global markets.

Source: CME, Debon Securities

Last weekend, it was reported from China COMAC that the six trial aircraft of China C919 large passenger aircraft had successfully completed all the test flight tasks and began to make every effort to charge for evidence. 2021 & nbsp; year, global commercial aircraft delivered & nbsp; 1034 & nbsp; of which Boeing delivered & nbsp; 340 & nbsp; setting up & nbsp; 611 & nbsp; There is huge space.

Eastern Airlines announced the introduction of C919 in May, and C919 is expected to start delivery by the end of 2022. According to the forecast of Chinese Shangfei, the size of the Chinese passenger fleet will reach 9957 by 2040, accounting for 22%of the global ratio, becoming the world's largest single aviation market. In the next 20 years, China will receive 9084 civil aviation passenger aircraft, with a total market value of over 9 trillion yuan.

The large aircraft industry chain includes design research and development, advanced manufacturing (new materials, components, body manufacturing, airborne systems, assembly integration), operation and maintenance, etc. In the future, the Chinese aviation manufacturing industry chain will benefit from the "domestic market share increase+ improvement+ increase in market share+ increase+ increase in the market share of the entire aircraft+ increase in market share+ The degree of localization of the supply chain deepen "dual drive.

It is currently in the disclosure season of financial reports. The military industry has strong demand plans, high certainty, and strong supply execution. At present, the CSI military index has 20 component stocks released the 2022 interim performance preview, and the overall performance performance is bright. Twenty listed companies are expected to have a net profit of the year -on -year growth rate of over 40%, and the estimated net profit is expected to be over 65%in the upper limit of the year -on -year limit.

Since April low, the military industry ETF (512660) has rebounded nearly 40%, but the sector is currently 58 times PE, which is only at 18.89%of history, which is not expensive. Looking at it later, on the one hand in the third quarter, there will be a shortage of the second quarter, and on the other hand, there may be advanced workers in the fourth quarter. It is expected that in the third quarter, it will become a big season for the fundamentals of military industry. Interested partners can look back at "Ai Xiaojun: The Great Season of Military Workers in the third quarter".

Source: Wind

In addition, last Friday afternoon, relevant departments held meetings to promote green smart home appliances consumption. According to the relevant departments, on July 13, the deployment of relevant conferences will be deployed to accelerate the release of the consumption of green smart home appliances. The "Several Measures on Promoting Green Smart Appliances Consumption" proposed by relevant departments has agreed to be released in the near future.

The "Several Measures" involves multiple departments, and the content covers is more comprehensive. From the perspective of attention, it can be called the second round of nationwide after the last round of the 2008 home appliances to the countryside. measure. At present, 10 years have passed from the previous round of everyone's electricity, which is close to the replacement cycle of large household appliances. Naturally updating needs are expected to be released.

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