Rising US prices Fed chief is dampening Inflation concerns

Status: 23.06.2021 9:39 a.m.

The head of the US Federal Reserve sees the reason for the current high inflation primarily in the recovery of the economy. The unexpectedly strong effects would soon fade, Powell said.

By Torsten Teichmann, ARD studio Washington

The demand in many industries is greater than the supply, meanwhile the prices for raw materials in the USA are rising, employers are having difficulties filling positions: All these effects of the economic upswing at the end of the corona pandemic are stronger than assumed, the head of the Federal Reserve (Fed), Jerome Powell, granted. Nevertheless, there will be no inflation, as in the 1970s, Powell said at a hearing in the US House of Representatives. “These factors will fade over time and we will get back to where we want to go. We are watching this carefully,” he said.

Interest rate hikes planned for 2023

The goal is an inflation rate of just over two percent. In May there was inflation at five percent . The Fed announced last week by the end of 2023, the key interest rate is expected to be increased in two steps to want. But in the short term it remains in the range between 0 and 0.25 percent. Powell had to defend his monetary policy at the hearing in the House of Representatives. Republican MP Steve Scalise accused a visibly annoyed Fed chief that the cheap money policy was harmful to hard-working families.

Steve Scalise criticized Fed policies as harmful to families. Image: REUTERS

Powell replied that lower income groups in particular have not yet benefited from the upswing in the United States. “Real incomes at the lower end of the spectrum are stagnating compared to those at the top,” he said. “Mobility across all income groups has decreased in the US and is now behind that in most other industrialized countries.”

Fed expects economic growth of 6.5 percent

These differences would hold back the US economy and the country as a whole. And that although the Fed is currently assuming that the US economy will grow by 6.5 percent this year with the help of the government’s trillion-dollar stimulus packages

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Investment opportunities What to do with the savings in inflation?

Status: 22.06.2021 12:28 p.m.

Even in times of rising prices and zero interest rates, many Germans have their money in savings books or call money accounts. But if you want to protect your savings from inflation, you need alternatives.

From Lothar Gries, tagesschau.de

Consumer prices in Germany rose by 2.5 percent in May – more than they have been for almost ten years. At the same time, there is practically no more interest on overnight and fixed-term deposits, the most popular form of investment among Germans. Cash is also in great demand. The value of the notes issued by the Bundesbank rose by 9.5 percent last year. A similarly high growth rate was last seen in 2014. At the end of May 2021, banknotes issued by the Bundesbank to the value of 839 billion euros were in circulation, 52 billion or 6.6 percent more than a year earlier. But if you want your money to grow, you have to consider other investments than hoarding cash or putting it on savings accounts. There is no shortage of alternative investment opportunities. The long lucrative federal bonds are no longer one of them. The yields on these securities have fallen below zero since August 2019. Investors who lend money to the German state have to pay for it – a turning point, as they still got a return of five percent at the beginning of the millennium. “Today federal bonds have no place in assets that are designed to maintain or increase in value,” explains Ulrich Kater, chief economist at Deka-Bank, which is part of the savings bank group.

No prospect of rising interest rates

Investors should also not give in to the hope that consumer prices, which have recently risen again, will lead to higher interest rates. Inflation is likely to accelerate further until the end of the year, but the European Central Bank (ECB) has repeatedly emphasized that it will adhere to the zero interest rate policy. The priority is to stimulate the economy again after the corona crisis, said ECB boss Christine Lagarde. In addition, the current rise in inflation is only temporary.

Investments that are considered to be risk-free, such as savings books and fixed-term deposit accounts, no longer offer any prospect of positive returns for the time being. In order for the saved to experience growth, stocks in particular offer themselves as a way out. Fund savings plans, for example, are a good way to get started. Investors pay regular amounts, in many cases from 25 euros upwards, into an investment fund in which various securities are bundled and which is managed by professionals. Alternatively, of course, investors also have the option of taking their money into their own hands and buying shares in individual companies on their own. In the past few years, you couldn’t go wrong when buying technology stocks.

Alternative ETF?

If you don’t dare to do this, but still want to invest in stocks, you can invest your money in a so-called Exchange Traded Fund (ETF). These funds replicate a stock market index (often with so-called derivatives). This can be the German share index (DAX) or other indices such as the US leading index Dow Jones. The performance of an ETF is closely linked to the respective index. As a result, the fees are usually lower than with other funds. Investing in the stock market is of course not without risk: If the index behind an ETF falls because the stocks in it fall, the fund also loses value.

Nevertheless, ETFs are enjoying growing popularity. According to industry experts, there are almost 7,000 of these funds. This is also due to the low interest rate phase. It ensures that more people invest their money in funds than before. Many have done well with this strategy and have achieved better returns than they would have achieved on a call money account. For example, an ETF on the DAX alone has generated a return of 55 percent in the last five years – provided that you kept your nerve at the beginning of the pandemic and did not sell when the markets collapsed by a third in spring 2020.

Gold and open real estate funds

A popular investment, especially in times of crisis, is gold. The corona pandemic has confirmed this again. By early August 2020, the price of a troy ounce (31.1 grams) had risen to an all-time high of $ 2,063, around a third more than at the beginning of the year. But then things went downhill again, to $ 1,684 in March. It is currently $ 1,775. In fact, gold is extremely volatile because the price is mainly driven by demand, because it has no “intrinsic value” like companies do. The precious metal is therefore not considered a reliable investment. There is also the often unsafe storage of bars or coins.

Those who shy away from the capital market and don’t believe in precious metals can also invest their money in real estate funds. They collect capital from investors and invest it in offices, shopping centers, residential buildings or logistics centers. The so-called open real estate funds are particularly popular with private investors. The income from such a fund, i.e. the rental income after deducting costs, is distributed to the owners as profit. With well-managed funds, an annual return of four to five percent can be achieved, a little more than the inflation rate.

Sometimes there is a risk of total loss

But the system has a catch. A minimum holding period of 24 months applies to open-ended real estate funds. An investor must also announce the return of his money to the fund company. Then he will get his system back after twelve months at the earliest. So if you have to get your money at short notice at any time, you should refrain from such investments.

The examples show that there is no shortage of alternatives to the savings book or a federal bond. But if you want to increase your money, you also have to be prepared to take risks. In some cases, for example when purchasing shares, there is even a risk of total loss, as the example of Wirecard recently showed. A look abroad – especially the USA, where far more people own shares than in Germany – shows that long-term wealth can only be built up with investments in the capital market

Car market Used car prices are rising rapidly

Status: 22.06.2021 2:17 p.m.

Because of the often long delivery times for new cars, the market for used cars is booming – also on the Internet. But consumers should pay attention to a few things, especially when buying online.

From Till Bücker, tagesschau.de

Buy or sell a used car from the comfort of your own home with one click: The online market for used cars is becoming increasingly popular. So it is not surprising that the Berlin trading platform Auto1 has risen to the MDAX. The company, which was founded in 2012, was only launched in early February dared to go public – with success. Because with 1.8 billion euros it was the largest IPO in Germany after almost one and a half years. The Auto1 Group claims to be Europe’s largest digital automotive platform with more than 450,000 cars sold last year. The company buys vehicles from private customers via wirkaufendeinauto.de as well as from dealers. These are then primarily passed on to other car dealers via auto1.com. But consumers have also been able to purchase new used vehicles through the Autohero brand since 2017. The private business is to be massively expanded with the fresh money from investors.

Semiconductor shortages delay deliveries

That could be worth it. Because according to calculations by the Metzler bank, the European market for used cars reaches around 600 billion euros. 2020 was due to long delivery times and falling demand for new cars during the Corona crisis a real boom . In July alone, according to figures from the Federal Motor Transport Authority, there were almost 750,000 car ownership transfers – more than ever before in a month and almost 100,000 more than in July 2019. This year, too, the transfers are well above the previous year’s figures.

The high demand is also reflected in the price development: During the prices for used e-cars have recently plummeted , the asking prices for used cars reached a new record high in May with an average of around 22,600 euros per vehicle. The buyers paid almost 200 euros more than in April and even around 2200 euros more than in May 2020, according to data from the online portal AutoScout24. Experts expect an increase as the semiconductor shortage is delaying the delivery of new cars worldwide and the supply of used cars is falling.

Platform growth opportunities

So far, however, only one percent of used cars have been sold online. “The used car market in Europe is still one of the last markets that go almost exclusively through brick-and-mortar retail,” said Tom Diedrich from the Metzler bank Deutschlandfunk . Therefore, there are still great growth opportunities for online platforms.

A first trend seems to be emerging. “We are seeing a real boom,” said Stefan Schneck, sales manager for the German market at AutoScout24. For example, the number of contacts made by potentially interested parties shot up by 40 percent at times in May. According to a current AutoScout24 survey of more than 1000 users, car fans see a good alternative to buying completely online: almost one in two (47 percent) would “definitely” or “maybe” order their car from the sofa. A year ago, only 35 percent of those surveyed were ready to do this.

Extreme bargains should make you suspicious

Buying a used car on the Internet has the advantage that interested parties can quickly and easily fall back on a huge range. A contract can be concluded at the push of a button, and the car is delivered to your doorstep. But regardless of whether it is on digital platforms such as Auto1 or via an exchange such as AutoScout24 or mobile.de, on which dealers or private individuals sell their vehicles directly: Consumers should pay attention to a few things when buying a used car.

First the price. For used cars, this depends on the model, year of construction, equipment, kilometers driven, wear and tear, extras and preferences. But how can a fair offer be recognized? “If you watch the market for your desired vehicle for a week or two, you get a very good feeling for a reasonable price,” explains Silvia Schattenkirchner, Head of Consumer Law at ADAC. Some exchanges such as mobile.de are now also giving ratings for offers from private individuals. Consumers should generally be cautious about extreme bargains. In addition, there is possible manipulation of the mileage. According to ADAC estimates, the so-called odometer has changed in every third used car. Verification is not easy. “It is best to have the mileage guaranteed,” advises Schattenkirchner. Otherwise, consumers could have repair invoices or TÜV certificates shown. Even comparing the kilometers driven with the year of construction is already informative in some cases.

Test drives essential

The expert considers test drives to be particularly important. “Buying a pig in a poke without a test drive, especially when it comes to used cars, is a big risk.” Only then should a contract be concluded. Schattenkirchner also advises against high down payments or other advance payments as well as purchases from abroad. In addition, consumers should be aware that contracts concluded online are also binding – for example by email. There are numerous scams on the Internet. The most common problems are listed on the website of the initiative “Safe car purchase on the Internet” from ADAC and the police crime prevention.

It is also not always easy for sellers of used cars. Platforms often promise higher prices than are ultimately paid. In order to find out how much one’s own car is still worth, the lawyer Schattenkirchner has two tips ready: “On the one hand, sellers can search for their own car and comparable offers. The other option are ADAC test centers.” Most of the time, only the initiation of business deals takes place on the Internet. “With mobile.de or AutoScout24 it is usually still the case that both parties are mediated,” said Schattenkirchner. The contract will still be concluded outside of the Internet. It remains to be seen whether the newcomer Auto1 will bring about long-term change

Increasing number of passengers The US airlines lack pilots

As of: 22.06.2021 10:05 a.m.

The number of air travelers in the US is rapidly increasing again. In the meantime, the remaining pilots at some airlines are no longer sufficient to carry out all the planned flights.

By Torsten Teichmann, ARD studio Washington

The US airline Delta is looking for staff again. 1000 pilots are to be hired in the coming months. A year ago, in the middle of the corona pandemic and with constantly falling passenger numbers, the airline threatened to fire 1,700 pilots. In the end, the airline forced the unions to accept indirect wage cuts. Now Delta could even have to pay more for new employees in order to find staff again.

American Airlines is canceling flights as a precaution

American Airlines has similar problems. Especially on weekends, the number of pilots who have already been trained and tested is apparently not enough. In the event of delays and bad weather, flights are canceled because pilots would otherwise exceed their working hours and there is no one who can take over the shift. Now American canceled almost 1,000 flights for July as a precaution. The staffing level is so tight that the airline has been overwhelmed by rising demand and its own ambitious plans. The Wall Street Journal reports that there is also a frequent lack of ground crews to refuel aircraft.

Vacation trips partly at pre-crisis level

The number of vacationers in the US could return to pre-pandemic levels this month for some airlines. Delta expects the restrictions on transatlantic traffic to fall in the second half of the year. So far, travelers from Schengen countries such as Germany are still banned from entering the USA. US President Joe Biden has not yet announced that he will change anything

Affected by factors such as the Fed’s ultra-low interest rates and high government subsidies for the new crown epidemic, US housing prices have risen sharply recently. In 183 metropolitan areas in the United States, ninety-nine percent of housing prices are rising, representing a double-digit increase of nearly ninety percent.

At the same time, housing prices in countries around the world are also soaring, and housing prices in major countries in Europe, Asia-Pacific, and North America are all rising at an accelerated rate.

Image source: Photograph

U.S. housing prices have soared, with double-digit increases in nearly 90% of the regions

According to Xinhua News Agency, housing prices in the United States have risen sharply recently, and housing prices in some areas have repeatedly hit new highs. Analysts believe that the main reason for the current round of housing price increases in the United States is that demand exceeds supply. The negative effects of falling housing affordability and increasing polarization between the rich and the poor are gradually emerging.

According to the latest statistics from the National Association of Realtors, April The median price of existing home sales in the United States rose 19.1% year-on-year.Among the 183 metropolitan areas monitored by it, 99% of the regional housing prices rose in the first quarter of this year, and 89% of the regional housing prices rose by double-digits. .

In addition, the S&P/Cass Schiller House Price Index, an important indicator of the price level of the US real estate market, rose 13.2% year-on-year in March, further accelerating from 12% in February, marking the largest increase since December 2005.

According to Hexunnews,The past year was the hottest year for residential sales in the United States in the past 14 years.58% of the houses were sold within two weeks of listing, and 45% of the houses were sold at a price higher than the listing price, both breaking records.

In April this year, the median sales price of existing homes in the United States increased 16.2% year-on-year to 319,200 US dollars, or 2.03 million yuan, the highest since 1989; the median sales price of second-hand houses increased 19.1% year-on-year to 341,600 U.S. dollars, about 2.18 million yuan, its annual increase and median price both hit record highs.

In the past year, housing prices in all 50 states and the District of Columbia have risen. The top 5 states with the highest annual value added are: Idaho 23.7%; Utah 19.2%; Arizona 17.4%; New Hampshire 16.2%; Connecticut 15.9%.

High subsidies “ignite” the enthusiasm for buying houses, and negative effects have emerged

Economists generally believe that the Fed’s ultra-low interest rates, high government subsidies for the new crown epidemic, maintenance of social distancing and other epidemic prevention and control measures, as well as the increase in housing purchase age groups, have increased the demand for home purchases. At the same time, housing inventory has fallen and new homes have been under construction. The resulting supply gap is the main driver of the recent surge in US housing prices.

According to Xinhua News Agency, since last year, the Fed’s ultra-loose monetary policy has brought a lot of liquidity, and US mortgage interest rates have been kept at a low level. Yang Xiaojing, an associate professor in the Department of Marketing at the University of South Carolina in the United States, believes that low interest rates have increased the number of consumers who can afford the cost of buying a house loan. At the same time, consumers can afford houses with a higher total price, thereby boosting house prices.

The US government’s high subsidies further “ignite” people’s enthusiasm for buying houses . After the outbreak of the new crown epidemic, the US government introduced a series of large-scale economic relief measures. Among them, the issuance of unemployment benefits and family relief payments has significantly increased the personal income of US residents and boosted family spending including house purchases.

In addition, since the outbreak, anti-epidemic measures such as maintaining social distancing have led to an increase in demand for real estate in areas with low population densities. At the same time, the widespread use of home telecommuting has increased people’s demand for improved housing conditions, which has led to an increase in the demand for housing purchases.

The negative impact of rising housing prices in the United States is gradually showing. The National Association of Realtors in the United States said that with the rising housing costs, many families have intensified the pressure to buy houses, especially first-time home buyers. There are data showing, About 60% of households in the U.S. have been unable to pay for a new house that is at the current median price .

Yang Xiaojing believes that rising housing prices in the United States have further aggravated the polarization between the rich and the poor. Low-income people are increasingly unable to afford the increasingly expensive housing prices. At the same time, housing rents are also “rising,” increasing their daily expenses. In the short term, more people will rely on government subsidies. On the other hand, high-income people can enjoy the dividends brought by more real estate appreciation.

According to financial news from Phoenix.com, Nobel laureate in economics, Robert Shiller (Robert Shiller) is worried that the hotly-traded property market, stock market and “currency circle” in the US market are forming bubbles. Schiller believes that investors have a “Wild West” mentality in these areas.

Schiller pointed out that “the real estate market has a great upward momentum, and prices may not fall within a year.” He believes that the current real estate market environment is similar to 2003, which is 5 years before the real estate market crashed in 2008.

Regarding the future trend of U.S. housing prices, Bank of America stated in a research report that the supply and demand of the U.S. housing market is seriously imbalanced, and the gradual normalization will be a long process. It is expected that high housing prices will continue for a period of time.

Economists believe that how the Fed’s monetary policy will evolve in the future will become an important variable affecting the trend of the US real estate market.

Global housing prices continue to accelerate, with housing prices rising in nearly 90% of countries

It is not only the United States that has seen soaring housing prices.

According to a report from Chinanews.com, Asia’s largest real estate technology company Juwai IQI Group released the “Global House Price Report for the First Quarter of 2021” on the 2nd, showing that the global housing market boomed in the first quarter, with prices soaring in Europe, the United States, Canada, and some countries and regions in the Asia-Pacific region. .

This report shows that in the first quarter of this year, housing prices in many countries in Europe, Asia-Pacific, and North America have been accelerating and have reached an “astounding level”, and this “level of prosperity is completely unprecedented.” The report believes that low interest rates and monetary easing are the main reasons for the rise in global housing prices.

The report shows that among the 57 housing markets for which housing statistics have been published globally, the actual housing prices (that is, prices adjusted for inflation) have risen in 43 markets. From the perspective of nominal housing prices, Of 57 countries, 50 countries have seen nominal housing prices rise, and only 7 countries have seen housing prices fall, accounting for nearly 90% .

Among European countries, Montenegro, Slovakia, Turkey, Sweden and Germany all experienced strong house price increases.

According to the China Youth Daily, ING Groep analyzed that the Netherlands is facing a shortage of housing supply. Last year, Dutch house prices rose by 7.8%, and in 2019 they rose by 6.9%. House prices in Austria, Germany and France have also maintained steady growth.

House prices in various countries are rising, and the houses here are not only “1 yuan purchase” but also free decoration

However, when global housing prices are skyrocketing, some places tell the story of “buying a house for 1 yuan”.

According to a CCTV financial report, in Croatia, due to the impact of urbanization, the population of some small villages and towns continues to decrease. In order to attract new residents, some places have launched houses priced at only 1 Kuna (about 1 yuan) , These ultra-low-priced houses have attracted the attention of global buyers.

The conditions set by the local government for buyers are: they must be younger than 40 years old, have a stable income, and buyers must promise to live in the town for at least 15 years in the future. For eligible buyers, the town government can provide a subsidy of 25,000 kuna (approximately RMB 25,000) for the renovation of each house. Up to now, 17 of the first batch of 19 properties launched by the town government have been sold.

A local government official said: “We have received a lot of inquiries from all over the world, but we mainly focus on potential buyers around us. This measure has achieved remarkable results.”

These ultra-low-cost houses are old houses that have been vacant for many years or unfinished houses. Some houses do not even have doors and windows.

The analysis believes that in recent years, the process of urbanization has led to a steady decline in population and economic shrinkage in some remote or poor areas of Europe. In order to avoid becoming completely empty, many small towns use “low-priced housing” as their selling point to attract foreign populations to join. Apart from Croatia, it is not uncommon to sell houses for one euro in countries such as France and Italy.

Edit| Duan Lian Du Bo

Proofreading| He Xiaotao

Cover image source: Photograph.com

Daily Economic News Comprehensive Xinhua News Agency, Hexun.com, Phoenix Finance, China News Network, CCTV Finance, China Youth Daily,Public information, etc.

1丨The Ministry of Education establishes an off-campus education and training supervision department

According to today’s news on the official website of the Ministry of Education, the General Office of the Ministry of Education issued the “Notice on the Establishment of the Off-campus Education and Training Supervision Department.” Approved by the central editorial board, the Ministry of Education established the Department of Off-campus Education and Training Supervision. Its main responsibilities are: to undertake the management of off-campus education and training for primary and secondary school students (including kindergarten children), to guide the party building of off-campus education and training institutions, and to formulate standard management of off-campus education and training. policy. Work with relevant parties to formulate and supervise the implementation of relevant standards and systems for off-campus education and training (including online and offline) institution settings, training content, training time, personnel qualifications, fee supervision, etc., organize and implement the comprehensive management of off-campus education and training, and guide the comprehensive law enforcement of off-campus education and training . Guiding norms for social competitions and other activities for elementary and middle school students. Reflect and deal with major issues in off-campus education and training in a timely manner.

2丨The whole point of investment | Goldman Sachs: Does not rule out oil prices rise to 100 US dollars / barrel

Every AI newsletter, Goldman Sachs Global Commodity Research Director Jeffrey Currie said in an interview with the media that low-income groups will consume more commodities, which will trigger inflation. Governments around the world are discussing reducing the inequality caused by the new crown epidemic, and they must solve this problem. In addition, Jeffrey Currie did not rule out the possibility of oil prices reaching US$100/barrel. Oil prices are expected to reach US$80/barrel or more before the third quarter.

3丨Ministry of Industry and Information Technology: Regulate the SMS marketing behavior of the e-commerce platform “618”

According to the news on the website of the Ministry of Industry and Information Technology on June 15, as commercial marketing activities in the middle of the “618” year approached, the problem of illegally sending marketing text messages on some e-commerce platforms to disturb people began to show an upward trend. The Information and Communication Administration of the Ministry of Industry and Information Technology held an administrative guidance meeting on June 11 to warn e-commerce platform companies to standardize marketing SMS sending behavior and strengthen industry self-discipline. Major e-commerce platform companies such as Alibaba, JD.com, and Pinduoduo, as well as related basic telecommunications companies and short message service companies attended the conference. It is reported that since late May, the bureau has discovered that some e-commerce platform companies have not fully verified the wishes of registered users, “default” users agree, and send “618” commercial marketing text messages without authorization, triggering related user complaints and infringing users’ legitimate rights and interests.

4丨Boeing Airbus Aviation Subsidy Dispute: Europe and the United States may suspend retaliatory tariffs

Through AI Express, according to Agence France-Presse, on June 15, local time, the European Union and the United States will suspend retaliatory tariffs over a dispute over Boeing and Airbus aviation subsidies for a period of five years. Reuters reported that the two sides will seek to reach an agreement to resolve the dispute within five years. The European Union and the United States have not yet released information on this. (CCTV News)

5丨He Jianmin, deputy secretary of the Political and Legal Committee of the Heilongjiang Provincial Party Committee, accepts disciplinary review and supervision and investigation

The Central Commission for Discipline Inspection and State Supervision Commission website reported on the 15th, according to the Heilongjiang Provincial Commission for Discipline Inspection: He Jianmin, deputy secretary of the Heilongjiang Provincial Party Committee’s Political and Legal Committee and first-level inspector, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision and investigation.

Daily economic news

Tchibo increases prices Drinking coffee is getting more expensive

Status: 14.06.2021 10:42 a.m.

The rising prices for green coffee are now also being felt by consumers: for the first time in four years, market leader Tchibo is asking more for its filter coffee. Other dealers could follow suit. In the past weeks and months, some foods have become more expensive, especially vegetables and fruits. Now German consumers also have to dig deeper into their pockets for their favorite drink. From this week onwards, coffee will be more expensive. Tchibo is increasing prices by between 50 and 100 cents per pound – depending on the variety and country of origin. The 500 gram “Feine Milde” pack will cost 5.69 euros in future – instead of the previous 4.99 euros.

A poor harvest is threatened in Brazil

Tchibo justifies the first price increase since 2017 with the rise in green coffee prices. The poor harvest forecast of the world’s largest coffee producer, Brazil, has recently pushed up purchase prices. Tchibo’s move should have a signal effect for the entire industry. Because the market leader usually gives the direction. The group can set the prices in its branches itself. Other roasters and dealers could follow Tchibo’s example.

05/28/2021

Discounters are still waiting

According to Armin Valet from the Hamburg consumer center, the supermarkets will soon follow suit. The consumer advocate predicts that coffee capsules are also likely to become more expensive soon. So far, the discounters Aldi and Lidl have been keeping a low profile. You have not yet commented on price changes. Aldi Süd and Aldi Nord have their own coffee roasters and can determine the prices of their own brands themselves.

Tchibo competitors are likely to follow suit soon

The big coffee roasters are still waiting. Melitta and Dallmayr do not want to comment on possible price adjustments. A spokeswoman for Dallmayr only confirms that the company has been massively affected by the very significant current cost increase. The Jacobs Douwe Egberts Group has announced that it has increased its factory prices due to increased purchasing costs. The Dutch group, which is controlled by the Reimann family, owns well-known brands such as Jacobs, Café HAG and Senseo. Its trading partners are, in particular, grocers who set the end consumer prices on their own responsibility.

analysis 06/09/2021

Green coffee has become almost twelve percent more expensive

The so-called ICO price index, which is made up of several types of coffee, rose by 1.4 percent in April, the sixth month in a row. According to calculations by the Federal Statistical Office, the import prices for green coffee in April were almost twelve percent above the level a year ago. The high-quality Arabica variety in particular has risen significantly in price. The prices have now climbed to their highest level in four years. In New York, Arabica coffee cost around 164 cents a pound at the beginning of June.

02.12.2019

Coffee capsule boom

Coffee is the most popular drink among Germans. The per capita consumption is 168 liters. It is true that significantly less coffee was drunk in cafes, bakeries and canteens during the corona pandemic. At home, however, German citizens consumed eleven percent more. The market for coffee capsules in particular has experienced an unexpected boom in recent years. Competition could soon intensify. With its coffee brand Costa, Coca-Cola wants to attack the market leader Nespresso. The Brause group relies on a partnership with Krüger: The German family company produces the aluminum capsules for Coca-Cola. The capsules are compatible with the Nespresso system.

Despite rising inflation Why the ECB is not raising interest rates

Status: 10.06.2021 8:28 a.m.

Inflation is increasing in many European countries. Nevertheless, the European Central Bank wants to stick to its loose monetary policy. How long can she keep this course? By Klaus-Rainer Jackisch, MR The circular saw is still running. But the little wood that is left is not enough at the front and back. The large warehouse in the North Hessian Baunatal is usually well filled. But wood has been in short supply for weeks. “There has never been anything like it,” says Zimmermann and company owner Peter Hellmuth. The specialist fears further bottlenecks in the summer. Although demand is booming, there could even be short-time working. Because in Corona times there is more handicraft, building and tinkering, but also because the USA and China are buying empty the world market, there is currently too little wood . In April prices were almost 30 percent higher than in the same month last year, and the trend is still increasing, according to the Federal Statistical Office. Also at other raw materials are skyrocketing : Iron, steel and aluminum scrap rose by more than 60 percent, pig iron costs almost a quarter more, and the prices of electronic circuits rose by around 14 percent.

Above all, energy is more expensive

But energy prices climbed the hardest. Imported electricity, which is becoming more and more important because the amount of energy generated from sun, wind and water fluctuates sharply, even rose by 200 percent. People also had to dig deeper into their wallets for electronics and food. Inflation is back. It is coming with great strides. It is currently 2.5 percent in Germany . For the autumn, the Bundesbank and many economists expect inflation rates in this country of over four percent. Such values ​​have not existed for almost three decades. The last time the prices climbed above the four percent mark in 1993. At that time, inflation was 4.5 percent, according to statisticians. The price surge is particularly noticeable in Germany: the return of VAT to the old values ​​and the massive CO2 pricing since the beginning of the year are making themselves felt. The upturn in the economy does the rest: Through successes in vaccinations and easing, the demand for goods and services of all kinds is increasing, while at the same time supply is scarce – all of this is causing prices to go up.

Hardly any compensation through higher wages

Also in Europe: There the inflation rate rose to 2.0 percent in May. In addition to Germany, people in Austria (3.0 percent), Estonia (3.1 percent) and Luxembourg (4.0 percent) in particular have to pay more. All of that hurts, because because of Corona there are rather poor results in the wage rounds and therefore hardly any compensation. This makes price increases even more noticeable. But none of this makes much impression on the European Central Bank (ECB). It is expected that the company’s own forecasts, which will be updated this week, are well above the old estimates. It is also becoming apparent that inflation will by no means abate in the second half of the year as originally expected, but rather, on the contrary, reach new highs. But the monetary authorities in Frankfurt’s Eurotower see no reason to act. For weeks now, the members of the ECB’s Executive Board have repeatedly emphasized that the economy is recovering well, but currently still needs the support of an ultra-loose monetary policy. A repayment of the controversial bond purchases or even a turnaround in interest rates is not even hinted at.

Worried look at the financial markets

Instead, the ECB continues to pump billions from its Corona aid program PEPP into the markets at great speed – currently it is around 80 billion euros per month. This is intended to offer sufficient capital on favorable terms and to keep interest rates low. “The ECB has committed itself to ensuring favorable financing conditions during this phase,” said ECB President Christine Lagarde in Paris last week. This promise will also be kept. In fact, the ECB is not that unhappy about the price surge. The self-imposed inflation target of almost two percent has not been achieved for about ten years because one crisis chases the next. If this is different this year, it could be sold as a great success in your own monetary policy – even if the pendulum swings beyond your own target. In addition, one looks at the financial markets with concern: there share prices, also and precisely because of the ultra-loose monetary policy, have reached a level that has long been decoupled from the real economy in many areas. The central bankers fear that a change in monetary policy could lead to violent reactions and shake the fragile house of cards.

Debt rose sharply

And then there are also the debts: In southern Europe in particular, they have risen again to astronomical heights due to the collapse of tourism in the wake of the coronavirus crisis: Greece, for example, currently has a gross domestic product debt of around 205 percent. This is the highest level in the euro zone and more than during the Greek crisis. Italy, too, is groaning under excessive debts and ailing banks. An increase in the interest rate would not be right. Italy’s central bank chief Ignazio Visco is therefore particularly busy when it comes to sticking to the current monetary policy: “Large and sustained increases in interest rates are not justified by the current economic outlook and will be countered,” he said at the annual meeting of the Banca d´Italia in Rome. In fact, a new debt crisis in the euro zone, triggered by rising interest rates, would be the last thing the monetary union could use now. The central bank governors from Germany and the Netherlands, for example, cannot do much against all of these arguments. They have been calling for an exit from the ultra-loose monetary policy for a long time, but they are in the minority.

Criticism of the policy of the US Federal Reserve

So there are many reasons why the majority of monetary watchdogs prefer to keep their feet still and save themselves over the summer. A change in monetary policy at the council meeting this week is not expected, not even with a hint that it might be imminent. Only the pace of bond purchases could perhaps be slowed down a bit. But that too is unsafe. How long the ECB can continue on its course, however, also depends on the world around it. In the USA, for example, where the inflation rate is now 4.5 percent and the economy because of the two trillion corona aid program of the Biden government is slowly starting to overheat , criticism of the Federal Reserve’s loose monetary policy is growing louder. Economists such as the former IMF chief economist Olivier Blanchard or the leading economic advisor of Allianz, Mohamed Aly El-Erian, fear that the corona crisis could have changed the structure of the economy. It is therefore not at all clear that inflation will recede again quickly. If the central banks act too late and then abruptly, this could lead to upheavals in the financial markets and a recession. The next few months are therefore likely to be uncomfortable for the European monetary authorities. And also for the people in the euro zone. Because one thing is clear: it will be even more expensive.

Rising producer prices “Hidden inflation” as a warning sign

As of: 06/09/2021 1:32 p.m.

In China, producer prices have risen faster than they have been in 13 years. In Germany, too, inflationary pressure from producers is growing. When will consumers feel this? From Angela Göpfert, tagesschau.de In China, producer prices rose by 9.0 percent in May, the strongest they have been since 2008. Anyone who thinks what is happening in China does not affect the German consumer is wrong. As far away as China may feel for some German consumers: The fresh data from China are fueling the inflation debate in this country, as they reveal a problem that Germany and the euro zone are also facing.

“Hidden inflation” also in Germany

In April, producer prices in the Federal Republic of Germany soared by 5.2 percent compared to the same month last year. That was the highest increase since August 2011, when prices rose sharply after the financial and economic crisis. The producer prices are considered to be an important leading indicator for the development of consumer prices. They usually only meet with far less media interest, which is why they are sometimes referred to as “hidden inflation”.

Energy prices as a driver of inflation

So the crucial question is: Will producer price inflation also reach consumers? So far, not much of that has been felt. In April consumer prices in Germany climbed by 2.0 percent compared to the same month last year. Around half of this increase was due to the rise in energy prices. A look at the recent past of the German economy also shows that consumer prices have mostly only increased significantly at a much slower pace when producer prices have risen similarly. The producer price inflation was therefore only to a small extent reflected in rising consumer prices.

Consumers have saved a lot of money

But this time everything could be different. The reason is a special effect of the corona pandemic, which has never come to fruition in this pronounced form: the deferred demand. “The corona pandemic inhibited private demand for months and led to a kind of compulsory saving. The savings surplus now amounts to over 150 billion euros and is likely to rise to around 200 billion euros by the end of 2021,” said LBBW economist Jens-Oliver Niklasch across from tagesschau.de . This corresponds to a potential increase in consumer demand of up to 17 percent compared to the pre-Corona year 2019.

Companies can pass on more costs

“If we open everything now, then this strong additional demand will meet an offer that has become more expensive in terms of costs. The probability is correspondingly high that the companies will be able to pass on a larger part of the costs,” says Niklasch. Michael Holstein, chief economist at DZ Bank, is convinced that “the manufacturing companies will certainly try to pass on part of their cost increase to their customers.”

Savers are actually expropriated

Against this background, LBBW economist Niklasch initially expects inflation rates to continue to rise over the remainder of the year. In the second half of the year, the VAT effect should come into its own: “Then we will probably reach inflation figures of over three percent.” This has very real consequences for consumers and savers in Germany: With interest rates of zero percent and an inflation rate of over two or even three percent, the real interest rates, i.e. the nominal interest rates minus the inflation rate, are negative. Savers who invest their money in overnight money accounts or savings books are actually expropriated. This is fueling the flight into stocks and real estate, which in turn continues to inflate the price bubbles in these markets.

Wage-price spiral not yet in sight

After all: LBBW expert Niklasch sees the rising inflation rates as a temporary phenomenon, the ingredients for a permanent increase are not there. “For inflation rates to rise over the long term, wages would have to go along with them; a wage-price spiral like the one in the 1970s would be needed. But we are not seeing that in Germany at the moment.” From January 2022, the inflation rate should quickly drop below the two percent mark.

Stress on industry harms the economy

But even if the rising producer prices were not or only slightly reflected in rising consumer prices, that would not bode well. If producers cannot pass the rising prices on to consumers, that would indicate weak consumption dynamics. That seems to be the case in China at the moment, as Commerzbank foreign exchange expert Hao Zhou points out. “As a result, there is a risk that industrial profits will shrink rapidly, which will weigh on the general economic outlook.” So regardless of whether the producers pass the rising producer prices on to the consumers or not: they are always a warning signal.

Wi-Fi 6 has the characteristics of high speed, high density, low power consumption, and low latency. The industry generally holds optimistic expectations for its prospects. For example, Gartner believes that from 2019 to 2023, the Wi-Fi 6 enterprise and small and medium-sized business market will grow from US$250 million to US$5.22 billion, with an average annual compound growth rate of 114%.

The bright market prospects have attracted many powerful players, including Inspur.com. Zhu Lixin, general manager of Inspur Network Product Department, said that in combination with the trend of Internet of Everything, Inspur Networks has established itself as a market position of “closely combining Wi-Fi 6 with the Internet of Things”.

Zhu Lixin, General Manager of Inspur Network Product Department

Wi-Fi 6 enters explosive growth stage

As a new-generation Wi-Fi standard, Wi-Fi 6 has greatly improved performance compared to Wi-Fi 5: capacity and speed are increased by more than 4 times; OFDMA (orthogonal frequency division multiple access) and TWT (target wake-up time) are introduced ) Technology, the former supports multi-rate, multi-device access, and the latter further reduces network power consumption and delay.

“Compared with Wi-Fi 5, Wi-Fi 6 has many improvements. It provides good support in terms of air interface utilization, high-density access, air interface security, and energy consumption.” Zhu Lixin believes that if 2019 is regarded as Wi-Fi In the first year of 6, Wi-Fi 6 has now entered an explosive growth stage. With the continuous popularization of terminals, more than 80% of Wi-Fi connections in the next two to three years will use Wi-Fi 6 technology.

Inspur Networks, which is optimistic about the development prospects of Wi-Fi 6, will begin to develop a layout in 2020. Of course, there are many established manufacturers in the Wi-Fi market, so how does Inspur Networks, as a rising star, establish its differentiated positioning? To this question, the answer given by Inspur Networks is “Internet of Things”.

From the perspective of market development trends, the Internet of Everything is moving towards the Internet of Everything and the Intelligent Connection of Everything, and the Internet of Things elements are getting stronger and stronger. From a technical point of view, Wi-Fi 6 adopts OFDMA technology, which can provide high bandwidth and multi-device access capabilities to meet The diversified access requirements of the Internet of Things, and TWT’s intelligent wake-up algorithm can fully reduce network power consumption and delay, and meet the low power consumption and low latency requirements of the Internet of Things. On the whole, the Internet of Things is the general trend, and Wi-Fi 6 naturally supports the Internet of Things.

Taking into account both Wi-Fi 6 and the Internet of Things, Inspur Networks has launched a solution that integrates the two: providing wireless access points with both Internet of Things and Wi-Fi 6 capabilities on the access side, and providing data communication services on the platform side The integrated Internet of Things is connected to the middle station to ensure that users can smoothly evolve from the Internet of Things access technology to Wi-Fi 6 in the future.

The Internet of Things is the core attribute

Zhu Lixin emphasized that the Internet of Things is the general trend, and future wireless networks must be native to the Internet of Things, and Inspur Networks solutions have good support for the native Internet of Things.

the first is safety , Implement the isolation of users, spaces, and applications through a containerized solution to ensure application security.The second is Openness , End-to-end support MQTT (Message Queue Transmission Protocol), which is different from the transparent transmission method, which prevents users from being “kidnapped” by a certain cloud service.The third is IoT perception , Through MQTT and CAPWAP (wireless AP control and configuration) to achieve dual-protocol plane business differentiation, to ensure a high perception of the Internet of things business.The fourth is Timeliness of IoT , The middle stage of the Internet of Things is linked with the back-end cloud platform to realize business deployment and linkage in a highly efficient and zero-code manner.

Among the above characteristics, the middle stage of the Internet of Things is particularly worth mentioning. “There are a large number of’chimney-style’ applications in the Internet of Things. The middle station of the Internet of Things connects applications and data at the connection point to achieve application integration and capability aggregation. The use of graphical drag and drop tools does not require programming to complete customer-defined intelligent application scenarios, making the Internet of Things From usable to easy to use.” Zhu Lixin said, “The Internet of Things has become the core competitiveness of Inspur Network Wi-Fi 6.”

Inspur’s Wi-Fi 6 solution has already shown its skills in the first trial. Zhu Lixin introduced that his solution has achieved key breakthroughs in education, medical care, manufacturing and other fields and has gained a place. It is also piloting Inspur’s own smart factory, setting a typical benchmark for Wi-Fi 6 empowering smart factories.

Looking forward to the future, Zhu Lixin said that Inspur Networks will launch more cost-effective converged access points and edge computing, and more powerful converged wireless controller products. At the same time, Inspur Networks will use the wireless and Internet of Things open architecture to join application ecosystem partners. Build a value plan together.

It is reported that Inspur Group is making every effort to consolidate and enhance its market position as an IT leader in recent years. Inspur Networks’ efforts in Wi-Fi 6 will surely enhance its wireless business capabilities, promote the realization of wired and wireless integration, and thereby improve Inspur Group’s network capabilities. , To provide help to strengthen the position of IT leader.

This article is reproduced from “Communication World” magazine on June 15, 2021

“Wi-Fi 6 Opens a New Experience of Smart Life” Topic

Author: Shu Wenqiong

Responsible editor/format:Fan Fan

Proofreading: Shu Wenqiong

Review: Shen Qing

Producer: Liu Qicheng

I knew you were “watching”

Because of taxes and bans How tobacco companies are realigning themselves

Status: June 8th, 2021 4:00 p.m.

The big tobacco companies still make billions in profits with cigarettes. But after decades of success, BAT, Altria & Co. are slowly turning around in the face of increasing bans and rising tobacco taxes. They are still running an extremely lucrative business. But the revenues and profits of the large tobacco companies are likely to come under further pressure in the coming years. New restrictions could reduce profits, higher taxes are supposed to increase government revenues in the Corona crisis and will further increase the prices for the “blue haze”. The first increase in tobacco taxes since 2015 is due in Germany. In the spring the governing parties CDU, CSU and SPD agreed on the framework conditions for tax increases . This should generate additional revenues of 11.3 billion by the end of 2025. A good half of this should be collected more through the classic tobacco tax, e-cigarettes should generate tax revenues of three billion euros and less harmful products in the industry should also contribute almost two billion euros. These include tobacco heaters that manufacturers had brought onto the market in recent years. The tax increases are to start gradually from 2022.

“Smoke-free Germany” called for

This is another turning point for tobacco companies after the sale of menthol cigarettes was banned in the EU in mid-2020. But the tax hike does not go far enough for health organizations. Significantly higher taxes are necessary to get people to stop smoking, according to a statement from the German Cancer Research Center (DKFZ). On the occasion of World No Tobacco Day on May 31, the non-smoking alliance and the German Society for Pneumology and Respiratory Medicine (DPG) called for a “smoke-free Germany” by 2040. There should still be a long way to go until then. Tobacco consumption fell by around 30 percent between 2011 and 2020. However, just under a quarter of adults in Germany still smokes.

Billions in income from cigarettes

The tobacco companies, for which Germany is an important but not a decisive market, have been changing direction for years, but Altria, Philip Morris International and British American Tobacco (BAT) continue to make good money with traditional cigarettes. BAT, for example, earned around £ 6.4 billion net last year, a large part of which was paid out to shareholders in the form of a dividend. And the current business forecast for the first half of the year, which was published today, does not read badly from the company’s point of view: The group expects growth of more than five percent for the current financial year. This also exceeds the previous forecasts. According to BAT, products of “new categories” such as e-cigarettes and tobacco vaporizers are more important. According to earlier information, the tobacco giant intends to win around 50 million customers for the vaporizer in the next ten years; the total customer base is currently 150 million. Big competitors Altria and Philip Morris are also well represented in the e-cigarette and tobacco vaporizer business. But without writing off the classic cigarette. Philip Morris Germany, for example, recently increased production at the Dresden plant. Due to temporarily closed borders in the pandemic, the demand for cigarettes from domestic production even increased. The company also saw higher demand for “fine-cut” tobacco. It is used for rolling cigarettes – smokers are increasingly looking for inexpensive alternatives to cigarettes from the pack.

Tobacco vaporizers and cannabis products

The coming years will show how quickly the tobacco companies can change course strategically. Some of the manufacturers want to offer new products without nicotine, but with caffeine. They also work on cannabis products. Further legalization of cannabis could open up new billion-dollar revenue streams for them. However, the pressure on the classic cigarette from the state is likely to accelerate and at the same time burden this process of change on the part of providers. This applies above all to the world’s most important sales market for tobacco multinationals, the USA: According to media reports, the new US government under Joe Biden wants to reduce the nicotine content of cigarettes to such an extent that they should no longer be addictive. In addition, menthol cigarettes could also face a ban in the USA.

According to analysts, Bitcoin is too expensive, causing investors to rush to find new digital currencies to profit. As a result, Ethereum has increased by more than 40% in value in the past April. Ethereum cryptocurrency was launched in 2013 with the purpose of being used to transact for an intranet of the same name. Now it is turning these crypto holders into billionaires with skyrocketing prices. The Ethereum cryptocurrency is also benefiting from the rise of NFTs, aka non-fungible tokens. This is a digital asset designed to represent ownership of unique virtual items such as art and sports memorabilia. Many NFTs like CryptoKitties and CryptoPunks are all running on Ethereum. However, this outburst of activity has resulted in congestion on the Ethereum network. Ethereum is currently being upgraded with the ambition of enabling faster transaction times and reducing the amount of power required to process transactions.

Professor Vo Tong Xuan was an international student in Japan in 1974. He studied at Kyushu University with research topics related to rice cultivation techniques in the tropics and completed his Doctoral Program ( Agronomy) here. After returning home, he continued to work at Can Tho University and together with Japanese researchers continue to do research topics related to rice cultivation techniques; publish many scientific articles, dissemination articles on agricultural techniques and policies on the mass media. Then, as a pioneer in the academic exchange between Japan and Vietnam in the field of Agronomy, he built the first foundation for cooperation between the two sides and delivered exert his best in this role. In 1997, as a research fellow and visiting lecturer of the Center for Southeast Asian Studies, Kyoto University, he came to Japan for 1 year and had many research related to the model. Japan’s agricultural cooperative, as well as acting as a focal point for arranging study tours in Japan for Vietnamese farmers and policy-makers. After returning home, based on the research results at Kyoto University, he gave many introduction about agricultural policy, especially Japanese agricultural cooperatives, Japanese agricultural techniques in Japan. conferences in Vietnam. In addition, as an agronomist, he has made great contributions to strengthening cooperation in the agricultural sector between Japan and Vietnam through Japan’s ODA Cooperation Programs. ..

Professor Vo Tong Xuan (right) was honored to receive the Certificate of Merit from the Minister of Foreign Affairs of Japan. Photo: B.NG Professor Vo Tong Xuan studied in Japan in 1974, studying at Kyushu University with research topics related to rice cultivation techniques in the tropics and completed his doctoral program (Agronomy) here. After returning home, he continued to work at Can Tho University and together with Japanese researchers continued to work on topics related to rice cultivation techniques and together published many articles. science, popularization of agricultural techniques and policies. Then, as a pioneer in academic exchanges between Japan and Vietnam in the field of agronomy, he built the first foundation for cooperation between the two sides. In 1997, as a researcher and visiting lecturer at the Center for Southeast Asian Studies at Kyoto University, he came to Japan for 1 year and had many studies related to the agricultural cooperative model of Japan, as well as acting as a focal point for study tours in Japan for Vietnamese farmers and policy makers. After returning home, he introduced about agricultural policies, especially agricultural cooperatives and agricultural techniques of Japan. He also has many contributions to strengthening cooperation in the agricultural sector between Japan and Vietnam through Japan’s ODA cooperation programs. Typically the first Japanese cooperation program on agricultural engineering training through a cooperation project with the Faculty of Agriculture, Can Tho University (1970-1975), in the framework of a tripartite cooperation. Japan’s first time in Africa in the program “African Rice Development Alliance” initiated by JICA, advised and had many contributions in the “Technical Improvement Project to improve rice yield in the region. area of ​​Nante, Zambezia province, Mozambique ”(period 2011-2015) …

In early trading today, A-shares fluctuated slightly. The ChiNext index rose by more than 2%, and hit a new high since the rebound. On the disk, sectors such as health care, beer, electrical equipment, and polysilicon were active, with aquatic products, medical beauty concepts, and digital currencies leading the decline in early-stage popular sectors. The net inflow of funds to the north was over 5.5 billion yuan.

Health care frequent performance surge

Benefiting from the surge in demand from the epidemic, the healthcare industry has ushered in a peak period of performance. After the 2021 quarterly report of Hotview Biotechnology increased by more than a thousand times, last night, a number of blockbuster listed companies in the health care sector announced their excellent quarterly reports at the same time.

Ingram Medical released its report for the first quarter of 2021 last night, achieving operating income of 6.735 billion yuan, a year-on-year increase of 770.86%, net profit of 3.736 billion yuan, a year-on-year increase of 2791.66%, and net cash flow from operating activities of 3.075 billion yuan, a year-on-year increase An increase of 1013.67%. Ingram Medical said that benefiting from the strong demand for disposable gloves at home and abroad, and the company’s new annual production capacity of 9 billion nitrile gloves in the company’s Anhui production base, the company’s profit in the first quarter increased by 41.80% from the previous quarter, and its single-quarter performance reached a new high.

Although Ingram Medical has risen by more than 30 times in recent years, the surging performance growth has made Ingram Medical’s dynamic price-earnings ratio still only over 4 times, even lower than most bank stock-earnings ratios. Stimulated by the surge in the quarterly report, Intech Medical opened higher in the morning and rose by more than 10% during the session. Or they may have some expectations for the performance of Ingram Medical’s first quarterly report. Financing customers reversed the previous five consecutive weeks of net sales this Monday and bought 30.5 million yuan.

Aier Ophthalmology also announced that it achieved operating income of 3.511 billion yuan in the first quarter, an increase of 113.9% year-on-year, and a net profit of 484 million yuan, an increase of 509.88% year-on-year. Aier Ophthalmology also opened high volume in early trading, rose by more than 15% at one time, and the half-day turnover exceeded the full-day turnover of the previous trading day by more than double. Similarly, financing customers this week raised a net purchase of 222 million yuan in advance, waiting for the good performance to be realized.

Driven by the surge in Ingram Medical and Aier Ophthalmology, the entire health care sector surged. The sector index once soared by more than 4% during the intraday session, setting a new high in 2 months. This is the index’s sixth consecutive trading day. rise. Hotview Biotech once again reached a 20% daily limit in the intraday trading, and its stock price also hit a record high. Since the announcement of the first quarterly report, it has risen by more than 200% in just 9 trading days; Yihua Health, Gongdong Medical, Dabo Medical and other daily limit.

The surge in the healthcare sector also led to a surge in medical ETFs. In early trading, Fortune CSI Medical Open-end Index Securities Investment Fund rose 3.64%; Cathay Pacific CSI Medical Open-end Index Securities Investment Fund rose 3.53%; Tianhong Zhong The Securities Index Securities Investment Fund rose 3.28% and hit a record high.

The consumption peak season is coming, the beer sector is active

The beer sector also released a quarterly report last night. The first quarterly report of Lanzhou Yellow River showed that it turned losses into profits, with a net profit of 8.3165 million yuan. Lanzhou Huanghe stated that in the first quarter of 2020, due to the impact of the new crown pneumonia epidemic, the company’s operating income fell sharply and its performance suffered a loss. Since 2021, as the domestic epidemic prevention and control situation continues to improve, the company’s beer and malt production and sales in the first quarter have increased significantly compared with the same period last year, and securities investment disposal and holding income that are non-recurring gains and losses have also increased significantly compared with the same period last year. , The two superimposed, the company’s performance realized a turnaround. After the Lanzhou Yellow River opened slightly higher in the morning, it only took about 5 minutes to pull the daily limit straight.

Although Huiquan Beer reported a quarterly loss of 3,968,500 yuan, it was significantly narrower than the loss of 7,077,600 yuan in the same period last year, and its operating income was 121 million yuan, a year-on-year increase of 10.54%. In the morning, Huiquan Beer opened low and moved high and soared by nearly 7%.

Zhujiang Beer is scheduled to disclose the 2021 quarterly report this evening. Driven by the surge of Lanzhou Yellow River and Huiquan beer, and the advent of the superimposed peak summer consumption season, Zhujiang Beer once hit the daily limit in early trading, and its share price hit a new high during the year. Zhujiang Beer’s 2020 annual report showed that it achieved a net profit of 569 million yuan, a year-on-year increase of 14.43%; Chongqing Beer and other companies also strengthened in the market.

Minsheng Securities pointed out that looking forward to the whole year of 2021, it is expected that the production and sales of the beer industry will achieve recovery growth under the low base last year. The industry TOP5 has formed a firm consensus on high-end and profit demands, and the overall competition in the industry has slowed down and the certainty is high. Recommended ranking: Yanjing Beer + Tsingtao Beer + Chongqing Beer + Zhujiang Beer combination, and pay attention to H shares of China Resources Beer, Budweiser Asia Pacific.

In early trading today, A-shares fluctuated slightly. The ChiNext index rose by more than 2%, and hit a new high since the rebound. On the disk, sectors such as health care, beer, electrical equipment, and polysilicon were active, with aquatic products, medical beauty concepts, and digital currencies leading the decline in early-stage popular sectors. The net inflow of funds to the north was over 5.5 billion yuan.

Health care frequent performance surge

Benefiting from the surge in demand from the epidemic, the healthcare industry has ushered in a peak period of performance. After the 2021 quarterly report of Hotview Biotechnology increased by more than a thousand times, last night, a number of blockbuster listed companies in the health care sector announced their excellent quarterly reports at the same time.

Ingram Medical released its report for the first quarter of 2021 last night, achieving operating income of 6.735 billion yuan, a year-on-year increase of 770.86%, net profit of 3.736 billion yuan, a year-on-year increase of 2791.66%, and net cash flow from operating activities of 3.075 billion yuan, a year-on-year increase An increase of 1013.67%. Ingram Medical said that benefiting from the strong demand for disposable gloves at home and abroad, and the company’s new annual production capacity of 9 billion nitrile gloves in the company’s Anhui production base, the company’s profit in the first quarter increased by 41.80% from the previous quarter, and its single-quarter performance reached a new high.

Although Ingram Medical has risen by more than 30 times in recent years, the surging performance growth has made Ingram Medical’s dynamic price-earnings ratio still only over 4 times, even lower than most bank stock-earnings ratios. Stimulated by the surge in the quarterly report, Intech Medical opened higher in the morning and rose by more than 10% during the session. Or they may have some expectations for the performance of Ingram Medical’s first quarterly report. Financing customers reversed the previous five consecutive weeks of net sales this Monday and bought 30.5 million yuan.

Aier Ophthalmology also announced that it achieved operating income of 3.511 billion yuan in the first quarter, an increase of 113.9% year-on-year, and a net profit of 484 million yuan, an increase of 509.88% year-on-year. Aier Ophthalmology also opened high volume in early trading, rose by more than 15% at one time, and the half-day turnover exceeded the full-day turnover of the previous trading day by more than double. Similarly, financing customers this week raised a net purchase of 222 million yuan in advance, waiting for the good performance to be realized.

Driven by the surge in Ingram Medical and Aier Ophthalmology, the entire health care sector surged. The sector index once soared by more than 4% during the intraday session, setting a new high in 2 months. This is the index’s sixth consecutive trading day. rise. Hotview Biotech once again reached a 20% daily limit in the intraday trading, and its stock price also hit a record high. Since the announcement of the first quarterly report, it has risen by more than 200% in just 9 trading days; Yihua Health, Gongdong Medical, Dabo Medical and other daily limit.

The surge in the healthcare sector also led to a surge in medical ETFs. In early trading, Fortune CSI Medical Open-end Index Securities Investment Fund rose 3.64%; Cathay Pacific CSI Medical Open-end Index Securities Investment Fund rose 3.53%; Tianhong Zhong The Securities Index Securities Investment Fund rose 3.28% and hit a record high.

The consumption peak season is coming, the beer sector is active

The beer sector also released a quarterly report last night. The first quarterly report of Lanzhou Yellow River showed that it turned losses into profits, with a net profit of 8.3165 million yuan. Lanzhou Huanghe stated that in the first quarter of 2020, due to the impact of the new crown pneumonia epidemic, the company’s operating income fell sharply and its performance suffered a loss. Since 2021, as the domestic epidemic prevention and control situation continues to improve, the company’s beer and malt production and sales in the first quarter have increased significantly compared with the same period last year, and securities investment disposal and holding income that are non-recurring gains and losses have also increased significantly compared with the same period last year. , The two superimposed, the company’s performance realized a turnaround. After the Lanzhou Yellow River opened slightly higher in the morning, it only took about 5 minutes to pull the daily limit straight.

Although Huiquan Beer reported a quarterly loss of 3,968,500 yuan, it was significantly narrower than the loss of 7,077,600 yuan in the same period last year, and its operating income was 121 million yuan, a year-on-year increase of 10.54%. In the morning, Huiquan Beer opened low and moved high and soared by nearly 7%.

Zhujiang Beer is scheduled to disclose the 2021 quarterly report this evening. Driven by the surge of Lanzhou Yellow River and Huiquan beer, and the advent of the superimposed peak summer consumption season, Zhujiang Beer once hit the daily limit in early trading, and its share price hit a new high during the year. Zhujiang Beer’s 2020 annual report showed that it achieved a net profit of 569 million yuan, a year-on-year increase of 14.43%; Chongqing Beer and other companies also strengthened in the market.

Minsheng Securities pointed out that looking forward to the whole year of 2021, it is expected that the production and sales of the beer industry will achieve recovery growth under the low base last year. The industry TOP5 has formed a firm consensus on high-end and profit demands, and the overall competition in the industry has slowed down and the certainty is high. Recommended ranking: Yanjing Beer + Tsingtao Beer + Chongqing Beer + Zhujiang Beer combination, and pay attention to H shares of China Resources Beer, Budweiser Asia Pacific.

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