美工编辑：Louianne
The best performing asset class of 2015 has been stocks, whose meager 2% total return (that is, including dividends). S&P 500 was nearly flat on the year. The U.S. 30-year Treasury note returned negative 2 percent, the 3-month Treasury bill returned 0.11 percent and the RCB commodities index fell more than 23 percent. These minimal gains make 2015 the worst year for finding returns since 1937.
Besides the bad performance of stock market, the low interest rate environment is also affecting the traditional fixed income investment, this might require investors to revisit their investment plan in order to meet their original investment objective. Analyst recommend sticking with the relative outperformer in stock market and chasing the opportunity out of the major asset classes.
China will take steps to expand aggregate demand while pushing forward “supply-side structural reform” in 2016. Supply-side reform will include more tax cuts, lowing corporate borrowing costs, incentives for specific industries, tackling factory overcapacity and property inventories and easing administrative restriction. The reform aimed to encourage innovation in technology, products and business model to attract more consumptions.
2. Credit Suisse: Germany is ‘over’
Germany’s reign as Europe’s strongest economy is about to come to an end, other areas (like the UK) is getting better, the difference between the Germany engine and the European carriages its towing simply disappears. And the analyst believe slowing Chinese investment means strong demand for German export is over.
3. Obama Administration Preparing Fresh Iran Sanctions
According to U.S. officials, the Obama administration is preparing to sanction nearly a dozen companies and individuals in Iran, Hong Kong and the United Arab Emirates for their alleged role in developing Iran’s ballistic-missile program. The sanctions will make it difficult for producers in Iran to access the international market for their energy product, lead to the disconnection between Iran Central Bank and the global finance system.
The consumer confidence index in U.S. rose to 96.5 this December, in addition, confidence in November was revised higher to 92.6 in November from 90.4, which was the lowest level in more than a year. The analyst believe it is supported by the recent strength in the unemployment data and the continued low level of gasoline prices.
5. S&P Downgrades Alberta Bonds to AA+
S&P lowered Alberta’s long-term rating to AA+ from AAA, the province’s first downgrade by the rating company since 1992. Alberta has held the top rating since 2002. The low oil price is bringing down Alberta’s economic prospects and increasing the tax supported burden. However those industry rely on export and tourist industry can get benefit from the weak Canadian Dollars, British Columbia and Saskatchewan are the only remaining provinces with AAA rating at S&P.
6. Swiss Freeze $80 Million, Give FIFA Case Evidence to U.S.
Swiss authorities have frozen roughly $80 million worth of asset and hand the bank document to U.S. to be used in prosecutions of high-ranking officials at Soccer’s global governing body, FIFA. The frozen assets are from 13 bank account used for bribes in Latin America and U.S. In 1934 Switzerland enacted law to limit any information shared with third parties in banking system, in May 2015 in order to clamp down tax fraud and tax evasion Swiss government signed an agreement to exchange financial account information.
7. Wall Street is Going Crazy over a Group of Technology Stocks Called ‘MAGS’
‘MAGS’ stands for the four best-performing tech stocks on the enterprise tech side which is Microsoft, Amazon, Google and Salesforce. These are the company among the leaders in cloud computing, what they do is renting out computer capacity in their data center so customers don’t have to buy a bunch of hardware and software. The four companies have a combined market cap of $1.3 trillion, while growing roughly 50% in share price on average over the past year.
IBM and Microsoft is working with the local government like Beijing, Delhi for forecasting air quality. By using data on weather, traffic and land use and the machine-based learning technology, they can provide prediction for air quality up to 10 days. Technology is reducing our exposure to the air pollution but the problem is still waiting to be solved by public awareness and government policy of environmental protection.
9. SpaceX Makes History with Renewable Rocket Landing
SpaceX successfully launching a reusable space rocket for an orbital fight. This is regarded as a game changer for the Space industry which could reduce the cost of Launchpad. Countries like Russian have to make its own project cheaper if they want to retain their shares of the market. Renewable energy, environmental friendly vehicle, possibility of unlimited land, we have reason to believe Elon Musk is offering a chance for more healthy economic growth.
Source: CNBC, Business Insider, BOE REPORT, NBC NEWS, Bloomberg, Market Watch, Yahoo Finance
2016第一个交易日平开低走，沪指两次触发熔断线，早早结束全天交易，引发当天世界主要股指大幅下跌。新年伊始市场持续看空中国，悲观情绪明显，人民币兑美元汇率连续大幅下跌，下跌压力继续在中短期存在。PMI仍低于50枯荣线，GDP增速预计将进一步下滑。今年市场的变化会主要集中在石油风险，中国风险以及地缘风险。今日沪指的熔断机制，加上已经存在的涨跌停板，极大的加大了市场上对流动性的需求，导致第二次熔断在短短五分钟之内就再次形成。明天，游戏还会继续么？
