Chapter 907 [The international crude oil market has changed its face, and investors are buzzing]
As of today's close, the Shanghai Composite Index finally closed up +1.99% at 3071.68 points, the Shenzhen Component Index closed up +1.90% at 11711.37 points, and the GEM Index closed up +1.85% at 2209.59 points. The two cities still maintained a trillion-dollar trading volume.
Tiansheng Holdings, which had previously hit the daily limit on three consecutive boards, closed +3.60% today at 157,855.69 yuan, setting another record high. The turnover shrank to 160.7 billion yuan, which is still an incredible amount of energy. The after-hours market value is 12.628 trillion yuan.
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At the juncture when Big A is about to challenge the pressure of 3127 points, the external market created a negative trend tonight.
Tonight, global stock markets plummeted.
The three major North American stock indexes, the S&P 500 Index plummeted -3.39%, the Nasdaq Index plummeted -3.10%, the Dow Jones Index plummeted -3.58%, and the international crude oil futures market also plummeted.
The main reason is that the ongoing "OPEC+ meeting" has produced some worrying news for the market. There are rumors that the discussion between the Mao Xiong and the big dogs on the issue of oil production reduction does not seem to be going well this time.
This has frustrated global capital markets, and the drop in oil prices will have at least three major negative impacts on global financial markets.
One is that stock prices in the energy sector will be under pressure globally;
Second, the interest spreads of high-yield bonds issued by North American shale oil and gas companies have increased and market prices have fallen sharply, causing investors to sell such high-yield bonds, which in turn triggered turmoil in the North American credit bond market;
Third, institutional investors in the Middle East may have to withdraw petrodollars from the global market due to the drop in oil prices, which will trigger a new round of selling pressure in the global financial market.
…
On Friday, March 6, the last trading day of the week opened as scheduled.
The A-share market is also under pressure. The market jumped directly and opened lower by -1.03%. The 3040 point that was just broken yesterday has returned. However, the overall performance of the A-share market today is still quite strong. Although the wait-and-see mood is strong, the funds on the market are still strong.
It also showed a reluctance to sell. There was not much panic trading, and there was no large-scale outflow of funds going north.
However, the convertible bond market is currently very active. Han Chen, who changed his new account, entered Shangrong Convertible Bonds with a full position of 58,600 yuan at the end of yesterday. The underlying stock of this bond has entered the third wave of market today.
On the second board, Shangrong convertible bonds also rose sharply and went higher.
When the price of convertible bonds soared to +12.68%, Teacher Han liquidated all his positions. Later, it continued to rise by more than +18%. Teacher Han ate more than 12 points today, and his account funds rose to 66,000 yuan.
Near the end of the trading day, Shangrong Convertible Bonds plunged, and Teacher Han entered with a full position of 66,000 yuan. Finally, it rebounded by about 3 points and came out. At this time, his account funds reached 67,980 yuan. During the call auction stage at the end of the trading day, Han
The teacher once again filled his position with 67,980 yuan and entered the overnight game to play next week's market.
His judgment is that foreigners can't even give standard answers to copy homework, and it is a high probability that the global situation will worsen on weekends. Moreover, he has discovered that as long as the market is not good, the market for convertible bonds will be very good.
Stocks have no money-making effect, so many people turn around and come to play with convertible bonds.
At today's close, the three major Big A indexes closed down. After reaching a new high, Tiansheng Holdings also shrunk and closed the cross star today, down -2.19%, and shrunk to 112.6 billion yuan today.
…
At about 17:00 in the afternoon, Tiansheng Capital Headquarters.
At this moment, Lu Ming was reading a piece of international information related to the "OPEC+ meeting". The bombshell news just broke out that Russia announced its refusal to reduce oil production!
Snap!
Lu Ming slapped the table to stabilize it!
When I saw this news, I smiled silently on the spot. The big dog owner and the furry bear finally started to have fun, and it was finally about to begin!
If you refuse to cut production, the deal will break down!
At this moment, the international crude oil futures market plummeted, with wti crude oil plummeting -9.48% to $41.55 per barrel, a record low since July 2016.
That night, the U.S. stock market opened again and emerged from a flash crash. The S&P 500 index fell 4 points intraday, the Nasdaq fell 4 points, the Dow fell more than 3 points, and the market panic index soared.
At the end of the trading day, the three major stock indexes in North America rebounded rapidly. The reason was that the General Administration of China applied for more than 7 billion US dollars in funds. This money was used to control the epidemic in North America, so the panic index turned downward at the end of the trading day.
, the three major North American stock indexes rebounded quickly.
But on the following weekend, a piece of news that was even more explosive than a nuclear bomb broke out, sending investors in the global financial market into a frenzy.
After the Vienna production reduction meeting on March 6th, which was last Friday, broke up unhappily, today, on the weekend morning of March 8th, OPEC’s main power, Sate, quickly launched a bomb to carry out counter-bombing operations.
Price reductions, promotions and production increases have started an international crude oil price war, trying to force "allies" to return to the negotiating table.
At around 10 a.m. local time today, Sat announced plans to significantly increase crude oil production next month, with daily production capacity reaching 10 million barrels. According to information disclosed by people familiar with the matter, Sat has privately informed some market participants that if necessary
, can further increase production, even reaching a record daily output of 12 million barrels.
At the same time, in order to stimulate sales, Sat Aramco, the world's largest crude oil exporter and currently the world's largest oil company by market capitalization, announced a reduction in crude oil sales prices, with an unprecedented discount and the largest drop in at least 20 years.
Sat Aramco will lower its April crude oil sales price to Asia by US$4 to US$6 per barrel and its crude oil sales price to North America by US$7 per barrel.
The biggest discounts are for northwest Europe and the Mediterranean region, which will be reduced by 6 to 8 US dollars per barrel. This region will pose a direct challenge to Mao Xiong, because this is also the main sales position of Oros’ flagship Urals crude oil.
Big dog owner: I've done the stud, you can do whatever you want!
This wave of market strategy, which operates quickly and without any shock to the outside world, is tantamount to declaring war on the crude oil market.
Investors analyze and predict that this operation is the fastest way to inflict the greatest pain on Russia and other producers, forcing the other party to return to the negotiating table and quickly nod to adjust production and start reducing production after reaching an agreement on further production cuts as desired.
After Sate's magical operation came out, everyone thought so.
However, it didn’t take long for everyone’s minds to start buzzing!
Oras reacted quickly after receiving the harsh words from the big dog owner.
You've got a stud, right? Okay...Follow!
This gave investors around the world the feeling that the bear had drunk a bottle of vodka on the ground and followed!
Novako, the head of the Russian Ministry of Energy, quickly told the media that he has the ability to increase daily production capacity by 500,000 barrels, which means daily production will reach a record high of 11.8 million barrels!
The two sides started a war of words from a distance, and the fight escalated!
Global investors call him a good guy!
Few people would have thought that a meeting organized by both sides at the beginning of the month to reduce production and stabilize oil prices, with the theme of rescuing the market, would turn into a price war in which everyone competed to sell the goods!
Ying Jiang was anxious.
It feels like these two guys are teaming up to stab him in the back!
Some people think that the recent drop in oil prices in the new year is a move by the United States to crack down on Mao Xiong and Yilang. This is obviously a wrong analysis.
When oil prices fell or even plummeted, the United States itself was hurt the most.
The current situation is that Russia, Russia, and the United States are all major oil-producing countries, and the United States has transformed from the world's largest oil importer to a net exporter in previous years. But at the same time, the United States is also a major manufacturing country, and
Known as a country on wheels, this will be transmitted to the service industry of the United States.
Therefore, the interests of the United States are that it is best for oil prices to fluctuate within a reasonable range, that is, between 50 and 70 US dollars. If the oil price is too high, it will push up core inflation in North America and bring about the risk of stagflation. However,
If it is too low, it will cause huge losses for the North American oil industry, especially for shale oil and gas companies.
Now investors all over the world who hold oil commodity assets are trembling, especially those who are long in the futures market. They dare not open the software to see the Monday opening. Those who play futures often use high leverage, and are afraid to open the software and take a look.
