Group 1: Market Performance - During the holiday period, "Chinese assets" continued to strengthen, with the FTSE China A50 futures and Hong Kong's Hang Seng Index rising by 14.34% and 10.20% respectively[3] - The US stock indices showed mixed performance, with the S&P 500, Nasdaq, and Dow Jones increasing by 0.22%, 0.10%, and 0.09% respectively[3] - The 10Y US Treasury yield rose to 3.98%, an increase of 23 basis points during the holiday[3] Group 2: Economic Indicators - The official PMI for September showed a manufacturing PMI of 49.8%, up from 49.1%, while the non-manufacturing PMI was at 50.0%, down from 50.3%[4] - The US added 254,000 non-farm jobs in September, exceeding expectations of 140,000, with the unemployment rate at 4.1%[4] - The average hourly wage increased by 0.4% month-on-month, with a year-on-year growth of 4.0%[4] Group 3: Consumer Behavior - During the holiday, a total of 1.464 billion people traveled, a year-on-year increase of 2.78%[6] - Domestic and outbound flight prices dropped by over 20% compared to the previous year, enhancing travel affordability[6] - Box office revenue for the first four days of the holiday reached 1.451 billion yuan, with a daily average of 363 million yuan, reflecting a 6.3% increase year-on-year[6] Group 4: Real Estate Market - In the period from September 27 to October 3, the sales area of commercial housing in 30 major cities was 1.87 million square meters, with first-tier cities showing a significant improvement of 38.8%[6] - New policies in Beijing aimed at reducing down payment ratios and relaxing purchase restrictions are expected to further stimulate the real estate market[6]
国内观察：十一假期回顾：长假期间“中国资产”继续走强
Donghai Securities·2024-10-08 03:30