Stock Market Today

Restart the RMB exchange reform is undoubtedly the most important macro-event last week. In the eyes of many people , the RMB appreciation should not be a bad thing to the United States, but unfortunately it is not agreed by the two major investment markets in the U.S. with stock market crash, while the most forward-looking 10-year U.S. Treasury yields also fell 3.41% to 3.113 PCT, it indicated that the market’s pessimistic for the economy, they do not think the U.S. economy can withstand the high level of interest rates. However, corporate bonds are both part of the bond market was stable, iShare investment-grade corporate bond funds rose 0.93% over the past week to a record of high, it is indicated that the solvency of the enterprises are not pessimistic. At the same time, commodity markets are doing fine, after all, U.S. dollar-denominated commodities will be in effect a price reduction by the appreciation of RMB, it can help stimulate demand and therefore crude oil futures in the same period continued to rise 1.42% to close at 79.02 U.S. dollars per barrels; the U.S. copper futures rose 4.19% to close at 3.023 U.S. dollars per pound.