Domestic Products Float Green &Nbsp Across The Whole Line; Cotton Is "A Little Red In All Green".

In the near future, the fundamentals at home and abroad still remain on the empty side. At the same time, the global economic recovery is still full of uncertainties, which is affected by 29 days.

The fundamentals of the domestic market remain unchanged.

With the deepening of real estate regulation and control, the decline of housing prices and the shrinking of pactions, the rectification of local financing platforms, the cancellation of the export tax rebates of some commodities and the increase in the pressure of RMB appreciation, the commodity market is weakening.

In particular, although the negative impact of the export tax rebate has been initially digested by the market, there is still a pressure to be ignored for the recovery of market confidence.

The RMB exchange rate reform has been resumed in the near future. Although the two-way fluctuation is increasing, the slow appreciation is the general trend.

For most commodities, the appreciation of currencies means that domestic commodity prices will fall.

The change of exchange rate is unfavorable to the export of related products, which will restrict the consumption of domestic goods and increase the risk of commodity reversion.

However, Professor Cao Heping, a famous economist at Peking University, interpreted the speech delivered by President Hu Jintao at the G20 Summit on 28 th.

Cao Heping said that the recovery of the world economy is not a question of the RMB exchange rate.

The G20 summit of the twenty leaders of the group of Nations (Toronto) was held in Canada in from June 26th to 27th.

On the 19 th of this month, the central bank's position will further promote the reform of the RMB exchange rate formation mechanism and enhance RMB exchange rate flexibility.

President Obama welcomed the topic immediately, but the RMB exchange rate reform did not become the focus topic at this summit.

In this regard, Cao Heping analysis, the RMB exchange rate reform did not form the focus of the topic, there are two main reasons.

He said, the first is how the recovery of the world economy can be said to be a country's exchange rate, which can obstruct the recovery of the world economy. In other words, the recovery of the world economy is not the issue of RMB exchange rate, and it can not be attributed to the root cause here, so it is not a problem in itself.

However, because the United States has been leading the issue of RMB exchange rate reform, it is precisely because of the imbalance in the exchange rate that leads to trade imbalance and trade imbalance, leading to the slow recovery of the economy.

Agricultural products are "a little red in all flowers": Zhengzhou

Natural rubber futures were weak callbacks in early trading.

The main 1011 contract opened slightly in early trading. The mid price of the disk maintained a narrow and weak position near the 5 day moving average.

Opening 21800 yuan / ton, closing 21750 yuan / ton, compared with the June 29th settlement price fell 515 yuan / ton, turnover of 925452 hands, holds 21538 hands.

At present, the short term glue price will be supported by the tight supply of the host country and the low stock of the consumer countries, but the seasonal supply pressure always exists, and the growth of the automobile terminal market is expected to slow down the demand for rubber.

fuel oil

In addition, the gold futures opened at a low price, and the main 1012 contracts opened up in a low jump. A large number of profit margins were sold to suppress the price of gold, which fell sharply. The intraday price returned to 271 yuan / gram to seek support and reduce its holdings.

The Shanghai Futures Exchange (SHE) gold main 1012 contract opened at 271.99 yuan / gram, closed at 271.50 yuan / gram in early morning, and 270.95 yuan / gram of spot Au9995.

Good economic data eased the risk aversion of the market, and European and American stock markets strengthened across the board, weakening the attractiveness of gold as a hedge.

The possibility of gold price volatility is increasing after the current high level.

Affected by the euro zone debt problem, the euro zone consumer and business confidence is weak, the economic index is down, and the unemployment rate continues to rise.

But the eurozone economy is still recovering.

Leading indicators foreshadowed continued economic expansion, industrial production is recovering, and industrial orders are increasing, indicating that the economy is recovering.

Finally, the euro exchange rate is closely related to its trade. With the sharp depreciation of the euro, trade in the euro area is improving.

Overall, however, the US economy is obviously better than the euro zone.