Tuesday, January 18, 2011

Four contracts were still significant correction Earlier this week, need to adjust

 Last week, four stock index futures contracts are a significant correction, the fall of 3100 the main point IF1101 contract. Last week, IF1101 contract opened at 3183.0 points to close at 3097.4 points, down 73.6 points, a decrease of 2.32% for the week.

Cheng Guan Tong futures analyst pleased that from the news side, last Friday night, the central bank announced it would increase deposit-taking financial institutions of RMB deposit reserve ratio by 0.5 percentage points. World, especially emerging markets, inflationary pressures growing, the market generally believes that China this year will be 2 to 4 times to raise interest rates move. As the domestic price pressures in the first quarter of large interest rate increase this quarter, the market has reached a consensus. NDRC Price Zhou Wang Jun, deputy director, recently said that prices rose by a quarter of the pressure is still high, do not rule out the introduction of new regulatory initiatives. The long term, international imported inflation, domestic labor, land and other factors continue to price increases, also faces rising price pressures.

take into account this week of key economic data released in 2010, the central bank first priority is price stability, fears of tightening is still the focus of the market, is expected early this week still needs adjustment. Based on the current positions is low, is still the main shock, is expected to this week's low of 3080 points. (Xinhua Wang Hao Jiao) 

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