Breakfast news
Rising factor
1. China's New Crown Vaccine is the first to enter Phase II Clinical trial
On April 12, the innovative recombinant vaccine product recombinant new crown (adenovirus vector) vaccine, led by Academician Chen Wei of the Academy of military Sciences, officially began vaccination trials in Wuhan. About 500 volunteers were vaccinated, including an 84-year-old who took part in the phase II clinical trial of the new crown vaccine. Unlike the first group of volunteers, who were centrally quarantined, volunteers were able to go home after vaccination. During this period, the study team will send a special person to follow up and guide the completion of safety observations and records.
2. Stable investment policy, increase the code of special debt and accelerate the landing of special debt
Increasing the scale of local government special debt and expanding the scope of use has become an important part of stable investment. The current macroeconomic situation, especially the impact of the epidemic on the economy, has further advanced the progress of the issuance of special bonds and the use of funds this year, which is conducive to strengthening macro-policy adjustment and is an important means of stabilizing investment and proactive fiscal policy.
3. For the first time, the number of cured cases in Germany exceeds the number of existing cases.
According to data released by the Robert Koch Institute, the German agency for disease control and prevention, as of 6: 00 a.m. Beijing time on the 12th, Germany had reported a total of 120479 confirmed cases of new crown pneumonia, an increase of 2821 cases over the previous day, and a total of 2673 deaths. According to statistics from the German media, about 60200 people have been cured in Germany, surpassing the number of existing patients for the first time.
4. OPEC + statement: production will be reduced by 9.7 million barrels per day from May 1, 2020 for a period of two months
OPEC + states that it will reduce production by 9.7 million barrels per day for a period of two months from May 1, 2020, 7.7 million barrels per day from July 1 to December 2020 and 5.8 million barrels per day from January 2021 to April 2022. Saudi energy replenishment says OPEC+ 's historic production cut agreement will help stabilize oil prices.
5. Monetary policy outlook for April: LPR is expected to cut interest rates by 20 basis points
At the end of March, the central bank cut OMO interest rates by 20 basis points, which we think will be reflected in the MLF quotation and LPR quotation in April. It is expected that the MLF interest rate is expected to fall by 20 basis points in April, while the one-year LPR interest rate is also expected to fall by the same range on the 20th, further reducing the level of financing rates in the real economy. At the same time, we believe that after the targeted reduction of small and medium-sized banks in April, further reductions are still expected, and it is necessary to match the timing of fiscal policy. We do not rule out the possibility of a further comprehensive reduction of 50 basis points in late April (or other liquidity measures of the same range).
Falling factor
1. Morgan Stanley: the outbreak of coronavirus in the United States is "far from over"
The first "rework tide" is expected in June and a second wave in midsummer; the virus detection capacity is expected to reach about 1 million per day by the end of May; potential vaccines are expected to be available to health care workers in October and widely vaccinated by March 2021.
2. More than 1.76 million confirmed cases outside China
As of 10:00 Beijing time on April 13, the total number of confirmed cases of new crown pneumonia outside China has exceeded 1.76 million. Among them, there were 555398 cases in the United States, 166831 cases in Spain, 156363 cases in Italy, 133670 cases in France and 127854 cases in Germany.
3. India may announce a further extension of the national "city closure". Perch
Indian Prime Minister Narendra Modi will deliver a televised address to the nation at 10:00 on the 14th (12:30 Beijing time tomorrow). India will end its 21-day national "city closure" on the 14th. His speech on the 14th is expected to announce a further extension of the national "city closure."
4. The number of new crown cases confirmed in one day in Russia has reached a record high.
The website of the Russian epidemic Prevention Command reported on the 13th that there have been 2558 new confirmed cases in Russia in the past 24 hours, the highest number of new confirmed cases since the outbreak of the new epidemic in the country. At present, a total of 18328 confirmed cases have been confirmed in Russia, distributed in 82 regions of Russia. Of these, 1470 recovered and 148 died.
5. Passenger car sales fell 45.4% in January-March from a year earlier.
China's passenger car sales fell 48.4 per cent to 1.043 million units in March from a year earlier, up 365.8 per cent in March and 45.4 per cent to 2.88 million units in January-March from a year earlier, according to the China Association of Automobile Manufacturers.
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