The stock market rally eased investor concerns about the future. The CBOE “Volatility Index” (VIX, also known as the “panic index”), used to measure US stock volatility, closed at 20.31 on Tuesday, compared to the previous trading day. It fell nearly 8%, nearly half of the 36.07 high in the fourth quarter of last year created on December 24. Goldman Sachs chief US stock strategist David Kostin is full of confidence in the US stock market. He said that the market is too pessimistic about the economic growth potential of the United States. Although US stocks opened lower at the beginning of the year, market valuations indicate that US stocks are expected to record positive returns this year. He predicted that the US economy will continue to grow, the US stock earnings per share growth rate of 6%, the price-earnings ratio will rebound to 16 times, the S&P 500 index is expected to rise to 3000 points before the end of the year.

Sino-US trade negotiations will continue. According to the "Global Times" news, the Sino-US vice ministerial-level trade consultations held in Beijing on the 8th have not released news until late at night, and will continue on the 9th. The analysis believes that the serious overtime of the negotiations indicates that both Chinese and American officials are determined to reach an agreement in this negotiation.

US President Trump once again pointed his finger at the Fed. He said on social media that the US economic data looks very good. You can imagine that if I have a long-term zero interest rate environment like the previous governments, the boost will be What a simple thing, and now we are faced with the challenge of normalizing monetary policy and continuing to raise interest rates quickly. But in any case, the current stock market is much better than 2016.

In terms of data, according to the Job Vacancy and Labor Mobility Survey (JOLTS) released by the US Department of Labor on Tuesday, the number of job vacancies fell by 243,000 in November to 6.89 million, a near five-month low, but still higher than the number of unemployed. Nearly 1 million, in line with the tight employment market. The US November trade account data originally scheduled to be postponed due to government suspension.

Technology stocks collectively higher, the top five FAANG, Facebook rose 3.3%, Apple rose 1.9%, Naifei rose 1.56%, Amazon rose 1.6%, Google parent company Alphabet rose 0.74%. Since December 24, FAANG stocks have rebounded sharply. During this period, Facebook's share price has risen by 15.9%, Amazon climbed 26.8%, and Netflix rose nearly 37%. Chip stocks underperformed, Nvidia fell 2.5%, and application technology fell 4%. Samsung Electronics issued a profit warning on Tuesday. Due to the sluggish market demand for its memory chip business and increased competition in the smartphone market, its fourth quarter earnings in 2018 may be substantial. Sliding down.

China's stocks were mixed, Alibaba rose 2.6%, the company announced 90 million euros to acquire German data processing company data Artisans, and current global companies such as ING, streaming service Netflix and taxi service company Uber are using Data Artisans Apache Flink platform for large-scale applications such as real-time analytics, machine learning, search and content ranking, and fraud detection. Jingdong rose 0.8%, Baidu rose 0.5%, iQiyi fell 1.4%, Youxin fell 3.9%, and Sina Weibo fell 5.7% after Morgan Stanley downgraded Sina Weibo rating to wait and see.

The international oil price is seven consecutive years, and the basic metals are rising and falling.

International oil prices continued their good trend since the New Year on Tuesday, recording the daily line of seven consecutive days, WTI crude oil main contract closed up 1.26 US dollars, or 2.60%, reported 49.78 US dollars / barrel. The main contract of Brent crude oil closed up 1.39 US dollars, or 2.42%, to 58.72 US dollars / barrel.

Recently, the global stock market rose and the OPEC production cutdown order began to stabilize the oil price. Saudi Arabia considered reducing the decline in crude oil production and injected new impetus into oil prices. According to the latest data from the American Petroleum Institute API, the US crude oil inventories fell by 6.127 million barrels during the week of January 4.

The base metals were mixed, with LME copper closing down 0.3% at $5,906/ton. Aluminum futures closed down 0.8% at $1,864.50/ton. Zinc futures closed down 0.5% to $2,485/ton. Lead was up 0.8% at $1969/ton. Nickel closed up 0.4% at $11,190/ton. Period tin closed up 1% at $1,940/ton.

According to the latest data from British commodity broker Marex Spectron, Lun Aluminum's current net short position ratio reached 28%, the highest level since November 2015. Zinc zinc rose nearly 4% this week, and inventory levels fell back to a two-month low of 109,000 tons.

European stock markets open higher

European stock markets rose across the board on Tuesday. The Stoxx Europe 600 index rose 0.87% to 345.85 points. The UK's FTSE 100 index closed up 0.74% to 6861.60 points. The German DAX30 index closed up 0.52% to 10803.98 points. France's CAC40 index closed. It rose 1.15% to 4773.27 points. The banking and insurance sectors led the gains, while the resources sector was under pressure. Retailers were mixed, with WM Morrison, the UK's fourth-largest chain retail supermarket, down 3%, and its Christmas holiday sales data fell short of expectations. French super giant Carrefour rose more than 3%, and Bank of America Merrill Lynch announced that it upgraded its rating to buy.

British Prime Minister Theresa May was hit again. The British Parliament passed a resolution of 306-296. Unless the British government has the permission of the Parliament without a Brexit, it will not have the power to amend the tax law to maintain a smooth transition of the tax system. Opposition Labor Party leader Jeremy Corbyn said the vote prevented the occurrence of a non-agreement of Brexit.

In response to the previous British Telegraph, many British and EU members are considering extending the deadline for Article 50 of the Lisbon Treaty in order to extend the report on the Brexit deadline in the event that the Brexit Agreement cannot be approved by the Parliament. . Brexit Minister Stephen Barclay made it clear on Tuesday that Britain will officially leave Europe on March 29 this year and will not postpone it. Next, the British Parliament will begin a five-day "marathon" debate on the Brexit agreement, and a final vote will be held next Tuesday (15th).

Irish Prime Minister Leo Varadkar said the EU could provide written guarantees on the "backstop" of the Irish border issue before the British parliament voted to avoid any confusion in the UK.

According to a report released by Ernst & Young (EY) on Monday, banks and other financial companies have transferred at least 800 billion pounds (about 1 trillion US dollars) of assets, which account for the total assets of the UK banking industry, because of Brexit. 10% is still only a “conservative estimate” because some banks have not yet announced a contingency plan.