U.S. pressure in the coming year the central Tinggang is timely

For the three-week Christmas Eve, the U.S. stock market early in the 13 o'clock closed, trading volume decreased significantly. Rest of the morning before the U.S. government announced a series of positive and negative sides of the mixed economic data, including consumer spending in November fell for the fifth consecutive month, but the margin was better than market expectations, initial applications for unemployment benefits last week, a further increase in the number of high - The market expected, and so on. In these slightly better than market expectations data under the influence of U.S. stock index more positive response. This week for the long Christmas holiday, many fund managers on leave, and that the transaction volume deserted, I believe that many investors this year will no longer sell investment is expected to wait until early next year, will start to deploy, this period will be in the index Hovering within a narrow range. Last week, U.S. mortgage applications increased 48% as a result of home loan interest rates to 5-year low and then increase the number financiers. U.S. Mortgage Bankers Association's index of applications last week, including the purchase of mortgage loans or refinancing applications have also increased significantly, the highest in 2003. Last week, U.S. 30-year fixed-rate loan, the average interest rate dropped to the second lowest in the history of loans to reduce monthly payments. Although the increase in applications for home purchase, home purchase index or an eight-year low near the home sales showed a sharp recession may last until next year. U.S. consumer spending in November after adjustment for inflation, the increase in the last two years, the biggest hit, showing a decline in oil prices to the American people more cash to spend during the Christmas holiday. The United States in November After adjustment for inflation, personal spending growth of 0.6 percent for the six months increased for the first time. Gasoline prices plummeted, and many discount retailers such as department store sales, though the American people to face the second year of economic recession, but also to maintain spending. However, more than 1,900,000 people out of work, also a record decline in housing prices, consumer confidence has been shaken in the next few months will not be any major improvement in sales. In the coming year is estimated that U.S. pressure. Although the People's Bank of China on Monday abruptly cut interest rates, but the rate is far lower than the market expected, the performance of Hong Kong stocks affected the opportunity to short before the long holidays to reduce the hands of the shareholders, and look forward to the earlier interest rate cuts through improper means and within the Housing Unit also Has obviously been taking. China Eastern Airlines shares as a result of the acquisition came on the air and news to stimulate the restructuring of the industry, leading to a whole are subject to the support plate. I believe that next year there is still room for interest rate cuts, the Mainland in the future there will be more of the new monetary policy introduced. Hong Kong stocks in the long Christmas holiday for a few days ago, "Jiaoruan" week or three days a total of nearly 1,300 points, deserted investment climate, further contraction of the transaction to close to 26-month low. Now how to revive and rebuild market confidence in the Hong Kong Special Administrative Region Government must deal with as quickly as possible, key issues, the central government last week introduced 14 measures to support Hong Kong can be described as timely. The combination of boxing is using the policy to buy time to develop in exchange for living space, involving more than 14 measures in the field, I believe Hong Kong can benefit from a wide range of industries. I believe that many of the "Ting Gang" measures, the largest and most far-reaching impact on the permit is eligible to RMB business in Hong Kong, trade payment, which will help strengthen our position as an offshore renminbi trading center, as well as clearing center , To strengthen the economy of Hong Kong, the Hong Kong dollar to maintain the linked exchange rate system, while Hong Kong's commercial banks have the opportunity to develop new business and reduce redundancy.