the market most worried about the problem of RMB exchange rate during the holidays is a steady upward trend 福建医科大学教务处

The five firms: the overseas market crash will not impact A shares after not pessimistic sina finance Level2:A shares of sina finance client speed Kanpan: the most profitable investors are using the abstract: although in the international market during the Spring Festival holiday, lumpy unstable, from Chinese own news is relatively quiet. Although the opening of A shares may also be affected by international market crash, but taking into account before has dropped significantly, and Qingcang investors more holidays, the market most worried about the problem of RMB exchange rate during the holidays is a steady upward trend, we think too pessimistic on the A shares should not be opened after the holiday. Haitong Securities Jiang Chao explained why the overseas market fell, not entirely in China, the past week, China due to the Spring Festival holiday, Chinese factors "absent", but the global financial market is still turbulent, risk assets down sharply. The collective decline of the stock market is mainly due to the excessive rise in the early stage, while the current several major risk factors promote the risk aversion. In the past few years, under the stimulus of loose monetary policy, the economy has been depressed, but the stock market has boomed. For example, the Japanese stock market has doubled, and the German stock market has doubled. But recent risk factors are increasing. The first is uncertainty about the prospects for global economic growth. The global economy is still in the doldrums, the market even has a "hard landing" concerns China economy, the U.S. economy has a slow recovery, but the recovery of the global financial situation changes to the U.S. economy pose a threat, the Federal Reserve Chairman Yellen in congressional testimony also expressed this concern. Second, oil prices continue to tumble. Gold Wang Hanfeng: after the opening of A shares can be spared? Peripheral turmoil, A shares opened alone? Although during the Spring Festival holiday during the international market, lumpy unstable, from China own news is relatively quiet. Although the opening of A shares may also be affected by international market crash, but taking into account before has dropped significantly, and Qingcang investors more holidays, the market most worried about the problem of RMB exchange rate during the holidays is a steady upward trend, we think too pessimistic on the A shares should not be opened after the holiday. In addition, the two sessions soon, after the festival also has real estate and other industry data worthy of sustained attention, if the external market temporarily stabilized, the market should also be no lack of trading hot spots. From the valuation point of view, the current A blue chip valuations are in the low level of historical valuation range, while the small cap stock valuations are in the high level of historical valuation range, are in the upper and lower levels of embarrassment. The policy is expected to support the growth of the leading blue chip + oversold. The real estate industry chain and supply side reform related sector, will still enjoy the expected policy support; consumption growth leader has dropped significantly before the holiday, can absorb the profits of the bargain, still has objective growth, the valuation has been gradually reasonable pan consumption leader growth. In addition, some of the hot spots during the festival are also worthy of attention, including media, film and television, tourism, Chinese style acquisition theme, military industry and so on. GF Securities: A shares overseas market crash will not impact the phased sell-off is very small due to the recent overseas market "Shenmeipilao" brought on the A shares fell sharply should not form a large market

五大券商:海外市场大跌不会冲击A股 节后不必悲观 新浪财经Level2:A股极速看盘 新浪财经客户端:最赚钱的投资者都在用   摘要:尽管在春节假期期间国际市场波诡云谲、动荡不宁,来自中国自身的消息面却相对平静。A股开盘虽然可能也会受到国际市场大跌的影响,但考虑到节前已经有明显 下跌,且轻仓过节的投资者较多,市场最担心的问题之一人民币汇率在假期期间也稳中趋升,我们认为对A股节后开盘不宜过分悲观。   海通证券姜超详解海外市场为啥跌 问题不全在中国   过去的一周中国因春节假期而休市,中国因素“缺席”,但全球金融市场依然动荡不安,风险资产大幅下行。   股市的集体下跌,主因是前期上涨过多,而当前几大风险因素推升避险情绪。过去几年中,在宽松货币政策的刺激下,各国经济虽低迷但股市却一片繁荣,例如日本股市涨了一倍,德国股市也涨了一倍。     但近期风险因素逐渐增加。首先是对全球经济增长前景的不确定性。当前全球经济仍旧低迷,市场对中国经济甚至有“硬着陆”的忧虑,美国经济本已缓 慢复苏, 但全球金融形势的变动对美国经济的复苏构成威胁,美联储主席耶伦在国会证词中也表达了这一忧虑。其次是油价继续暴跌。   中金王汉锋:节后开盘 A股能否独善其身?   外围动荡不安,A股开盘能否独善其身?尽管在春节假期期间国际市场波诡云谲、动荡不宁,来自中国自身的消息面却相对平静。A股开盘虽然可能也会受到国际市 场大跌的影响,但考虑到节前已经有明显下跌,且轻仓过节的投资者较多,市场最担心的问题之一人民币汇率在假期期间也稳中趋升,我们认为对A股节后开盘不宜 过分悲观。另外,两会在即,节后也有房地产等行业数据值得持续关注,如果外围市场暂时企稳,市场应该也不乏可交易的热点。从估值的角度来看,当前A蓝筹估 值处于历史估值区间中偏低水平,而小市值股票估值处于历史估值区间中偏高水平,均处于可上可下的尴尬水平。   政策预期支持蓝筹+超跌龙头成长。房地产产业链及供给侧改革相关的板块,仍将享受政策预期支持;消费成长龙头在节前已经明显下跌,可以逢低吸纳盈利仍有客 观增长、估值已经逐渐合理的泛消费龙头成长。另外,节日期间的一些热点也值得关注,包括传媒影视、旅游、中国式收购主题、军工等。   广发证券:海外市场大跌不会冲击A股 阶段性抛压已很小   近期海外市场由于“审美疲劳”带来的大幅下跌应该不会对A股市场形成较大冲击,我们对A股市场在“两会”前处于“喘息期”的观点不变;而中期来看,由于A股自身“审美疲劳”的症结也还没得到根除,所以我们要继续保持熊市思维。   短期A股市场相比海外的一个相对优势是——恐慌情绪已经过三轮“股灾”释放,阶段性的抛压并不大,在“两会”前也还会有一些正面的政策预 期。虽然海外市场近期跌幅较大,但其实和已经经历了三轮“股灾”的A股比起来,还是“小巫见大巫”——相比此前牛市的最高点,海外股市普遍下跌了20%到 30%左右,但A股市场相比最高点已经接近”腰斩”,恐慌情绪已经得到较大的释放。   并且我们在春节前路演得到的反馈显示:在1月暴跌的中后期,考核绝对收 益的私募基金、保本基金、年金等产品,在净值向下击穿“安全垫”以后,都主动进行了减仓甚至清仓,目前的仓位水平已比较低。而考核相对收益的公募基金也在 上证综指跌破2850点的关键支撑位以后进行了较大幅的减仓。综上来看,目前市场上的主要参与者仓位水平均相比年初有了明显的下降,抛压已不大;再加上 “两会”之前,监管层也有较强的维稳诉求,市场的政策预期会比较正面。因此总的来看,我们认为A股市场在春节假期结束后不一定会跟随海外出现暴跌,短期继 续维持“喘息期”的判断。   任泽平点评全球市场动荡:开启避险模式 A股两板块利好   春节期间重大事件对中国影响:全球市场动荡打击风险偏好,A股休养生息,但黄金、国债等避险资产受追捧利好。受 朝鲜半岛局势紧张影响,军工受益。受避险情绪和美日债券收益率下降影响,债牛继续。美元大幅贬值导致人民币短期贬值压力下降。春节期间,离岸人民币大涨至 6.53附近,与在岸人民币出现罕见的倒挂,显示美元指数大幅回落导致人民币短期贬值压力下降。全球股市暴跌,拖累全球经济,不利于中国出口。   未来全球大类资产配置建议:黄金>美债>欧日债>美元>欧日元>新兴经济体债>美股>欧日股>大宗>资源型新兴经济体股。   国金证券评海外市场动荡:A股节后还看供给侧   2016年A股市场本身是一个难以操作的市场,政策面临两难困境和艰难的博弈,但“惟其艰难,才更显勇毅,惟其笃行,才弥足珍贵”,整体节奏符合我 们年度策略报告的观点。2月7日,央行披露了最新的外汇储备3.23万亿美元,下降994亿美元(去年12月外储大降1079亿美元,为历史上最大单月降 幅),这一数据怎么看也不大视为利好。在没有明显的政策转向或其他积极因素出现之前,市场既有的趋势不会发生改变,我们仍建议需以控制风险,谨慎操作为 主。   行业配置方面,考虑到“增量行情”短期内仍难以出现,市场整体处于弱势格局,我们建议行业配置上,以偏低估值的消费类的防御性板块为主,行业中 的个股差异化会进一步体现。主题方面,紧随产业政策,我们推荐有事件或政策预期驱动的“供给侧改革(钢铁)、迪斯尼、国企改革”等。 新浪声明:新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章: