Financial Breakfast on February 21: Polls show Le Pen’s support rate rises

Huitong.com February 21st - Important financial data and major events to be watched on February 21st include: Russia surpassed Saudi Arabia in December to become the world's largest crude oil producer; Le Pen's party said the headquarters was searched by French investigators. A poll showed that the gap between the far-right presidential candidate Le Pen and the centrist candidate Mark Hong narrowed; Trump appointed McMaster as the new national security adviser. The Swiss January trade account will be announced on Tuesday, the initial value of the Markit manufacturing PMI in France, Germany, the Eurozone and the United States in February; please pay attention to the relevant reports of Huitong Finance.



Important financial data and major events that need attention in Tuesday (February 21) include:
06:30 Australia's ANZ Consumer Confidence Index for the week ending February 19
08:30 Japan's February Nikkei / Markit manufacturing PMI initial value
12:30 Japan's December industrial activity index monthly rate
13:00 Japan January supermarket sales annual rate
13:00 Japan's national large retailer sales rate in January, Japan's January large retail sales rate in Tokyo
15:00 Swiss trade account in January, the actual monthly import rate in Switzerland in January, the actual monthly export rate in Switzerland in January
15:45 France's January CPI annual rate final value, France's January reconciliation CPI annual rate final value, France January CPI monthly rate final value, France January reconciliation CPI monthly rate final value
16:00 France's Markit manufacturing PMI initial value in February, France's February Markit comprehensive PMI initial value, France's February Markit service industry PMI initial value
16:30 Germany's Markit manufacturing PMI initial value in February, Germany's Markit comprehensive PMI in February, Germany's February Markit service PMI initial value
16:30 Hong Kong's January CPI annual rate
17:00 Eurozone February Markit manufacturing PMI initial value , Eurozone February Markit service industry PMI initial value, Eurozone February Markit comprehensive PMI initial value
17:30 UK government short-term revenue and expenditure in January, UK public sector in January except bank group net borrowing, UK public sector net borrowing in January
20:45 US ICBC-Goldman Sachs chain sales annual rate as of the week of February 18, US ICSC-Goldman Sachs chain sales in the week ending February 18 compared with last week
21:55 The monthly rate of commercial retail sales of the Red Book in the US as of February 18, the annual retail sales rate of the Red Book in the US as of February 18
22:00 New Zealand's global dairy trade price index change rate for the week ending February 21, New Zealand's global dairy trade price average bid price for the week ending February 21
22:45 US Markit manufacturing PMI initial value in February, US Markit comprehensive PMI initial value in February, US Markit service PMI initial value in February


[Overnight market news review]

[Le Pen’s party said that the headquarters was searched by French investigators]
Investigators searched the headquarters of the National Front to verify whether the party’s leader, Marlene Le Pen, used funds from the European Parliament for intra-party activities related to domestic politics; the National Front confirmed the search in the announcement; the National Front considered The search was a public opinion campaign, and the only goal was to undermine the smooth operation of the Le Pen campaign.

[Euro Group Chairman: Greek agreement is to vote for the IMF]
Euro Group Chairman Dissel Blom said: "My goal is to bring the IMF together." He told reporters after the euro zone finance ministers meeting that Greece did not need to allocate funds to Greece in March, April and May. Labor, pension and tax reform.

[Russia surpasses Saudi Arabia to become the world's largest crude oil producer]
Russia overtook Saudi Arabia in December to become the world's largest producer of crude oil; at the time, both countries began to limit production to meet the effective implementation of the global oil-producing country's production-limitation agreement; according to the data released by the Joint Oil Data Program (JODI) on its website on Monday. In Russia, the daily output of crude oil in December was 10.49 million barrels, which was 29,000 barrels lower than that in November. The daily output of Saudi crude oil in December was 10.46 million barrels, lower than the 10.72 million barrels in November. This is the first time that Russian oil production has exceeded since March. Saudi Arabia; the United States ranked third, the daily output of crude oil in December was 8.8 million barrels, lower than the 8.9 million barrels in November; the fourth in Iraq, the daily output of crude oil was 4.5 million barrels; the fifth in China, the daily output of crude oil in December was 3.98 million barrels.

[Trump Appoints McMaster as New National Security Advisor]
US President Donald Trump told reporters that HR McMaster will work with Keith Kellogg, who will serve as the chief of staff of the National Security Council. Trump said "this combination is very special," Trump said, and will invite John Bolton to other positions. In his speech to the Senate Armed Services Committee, HR McMaster warned that the size and technology of the US military might not be able to cope with the challenges of potential hostile forces. He suggested expanding the size of the army and accelerating the modernization of weapons.

[Russian Permanent Representative to the United Nations dies in New York]
Vitaly Churkin, Russia’s permanent representative to the United Nations, died in New York on Tuesday (February 20). The cause of death is unknown.

[List of major global markets]

Stock market <br> Domestic, after a small correction on Friday, the market opened on Monday, and the index climbed in the next few quarters driven by heavy industry stocks. The new regulations for refinancing by the China Securities Regulatory Commission on the weekend are important for the market. At present, the atmosphere of the market is still conducive to continue to rebound. The annual report of the heavyweights and the quarterly market will have a relatively positive impact on the market. From the current state of view, the market before the "two sessions" is still worthy of optimism.

As of the close, the Shanghai Composite Index closed up 37.89 points, or 1.18%, to 3329.96 points; Shenzhen Composite Index closed up 131.08 points, or 1.29%, to 10329.00 points; the Shanghai and Shenzhen 300 Index closed up 49.95 points, up 1.46 %, reported 3,741.39 points; GEM index closed up 12.09 points, or 0.64%, to 1894.96 points.

In terms of European stocks, the German DAX index closed up 71.48 points, or 0.61%, to 11828.50 points. The UK's FTSE 100 index closed down 0.21 points, or 0.00%, to 7297.75 points. The French CAC40 index closed down 3.81 points, or 0.08%. Reported at 4863.77 points; Spain's IBEX35 index closed up 29.20 points, or 0.31%, to 9525.50 points; Italy's FTSE index closed down 33.96 points, down 0.18% to 18,972.50 points.

In the US stock market, US stocks were closed for one day due to the presidential holiday.

Futures <br> Crude oil, the US financial market is closed on Monday; the New York Mercantile Exchange WTI Monday trading will be included in Tuesday's settlement.

US crude oil futures for April futures fell 0.26 US dollars, down 0.48%, to $53.99 a barrel. US holidays have made the market trading light. Brent oil prices narrowed the gains and traded around $56/barrel. JODI's previous data showed that Saudi Arabia's crude oil exports fell in December. Russia surpassed Saudi Arabia to become the world's largest crude oil producer.

In gold, gold recovered most of the lost ground in the London market last Friday, and the US President’s Day holiday made the market trading light. Spot gold rose 0.25% to $1237.7 per ounce, down 0.4% last Friday. US April gold futures fell 0.05% to $1238.5. Comex trading volume is 64% lower than the 100-day average.

In terms of commodities, on Monday (February 20th), commodities rose and fell, and the black sector strengthened. By the end of the afternoon, coke rose 4.21%, coking coal rose 3.69%, and rebar, asphalt and iron ore rose more than 2%. Coal, corn, starch, strong wheat, and hot coils rose more than 1%. In terms of decline, Shanghai zinc fell 1.44%, and vegetable stocks fell 1.1%.

Forex <br> dollar index fell 0.04%, reported 100.9018; euro against the dollar was up 0.004%, reported 1.0613; pound against the dollar rose 0.46 percent, reported 1.2464; US dollar against the yen rose 0.25 percent, reported 113.1290; USDCAD micro It rose 0.04% to 1.3101; the US dollar rose 0.17% against the yuan, at 6.8759.

[International Finance News]

[Analyst: Whether the future oil price will fall sharply depends mainly on Saudi Arabia]
Nick Butler, author of the Financial Times, said on Monday that whether the future oil price will fall sharply depends mainly on Saudi Arabia's attitude; on the other hand, if Saudi Arabia believes that when the country cuts production significantly, other market participants, including the shale oil industry, are The increase in production is an insult, and therefore it is decided not to extend the production reduction agreement, then the oil price is expected to fall sharply; on the other hand, based on economic interests, given Saudi Arabia’s current efforts to promote Saudi Aramco’s listing, if oil prices fall sharply, it will certainly make Saudi Arabia The amount of funds raised by Ami has fallen sharply. In order to avoid this situation, Saudi Arabia's production cuts and production cuts may be longer and longer than planned.

[Wall Street Journal: Saudi Aramco is said to be on the New York Stock Exchange, London and Toronto]
The Wall Street Journal quoted unnamed sources as saying that Saudi officials also met with exchanges in Singapore, Hong Kong, Tokyo and Shanghai, but were unlikely to seek listing in these places; Saudi Aramco officials did not immediately respond to requests for comment. .

[TheWrap: Wanda's acquisition of Dick Clark Productions is said to have failed]
TheWrap quoted two people familiar with the matter as saying that Wanda Group’s $1 billion acquisition of Dick Clark Productions had failed because of the issue of acquisition funds and regulatory approvals; TheWrap said: DCP owner Eldridge Industries declined to comment; Wanda’s The representative did not immediately respond to the comments.

[The owner of Burger King is said to be in the advanced stage of the acquisition of Popeyes]
According to people familiar with the matter, negotiations between Restaurant Brands and Popeyes continue; transactions may be announced this week; Popeyes spokesperson declined to comment; reporters were unable to contact Restaurant Brands representatives immediately outside normal business hours.

[Domestic financial news]
Recently, the National Energy Administration issued the "Guidelines for Energy Work in 2017", which called for the active construction of nuclear power projects that have already started, and actively promoted the approval of conditional projects. Eight units are planned to start during the year.

The CSRC shall improve the rules for non-public offering of shares of listed companies. The number of non-public offerings shall not exceed 20% of the total share capital; the date of the issuance of the board of directors shall not be less than 18 months from the date of the previous fundraising.

The first batch of pension equity portfolios are expected to be funded next week, and the funds will be allocated to the managers. The capital of about 10 billion yuan will be invested in the combination of “preferred value” and “index enhancement”.

According to China Daily, China’s third batch of free trade zones may be launched in February.

Huijin market broadcast:

The Shanghai Composite Index closed up 37.89 points, or 1.18%, to 3329.96 points. The Shenzhen Composite Index closed up 131.08 points, or 1.29%, to 10329.00 points. The GEM closed up 12.09 points, or 0.64%, to 1894.96. Point, crude oil fell 0.26 US dollars, down 0.48%, to 53.99 US dollars per barrel, Brent crude oil trading around 56 US dollars / barrel, gold futures rose 0.25% to 1237.7 US dollars per ounce, down 0.4% last Friday, the US dollar The index fell 0.04% to 100.9018.