外文报告：China Merchants Securities (HK)-Morning Meeting Summary-121106

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Mor ning Meeting Summar y
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Macro Monitor
1、Wall Street r ises in thin tr ade day before election
Stocks advanced modestly on Monday in light trading in one of the year's
quietest sessions on the day before the presidential election. Whatever the
outcome of the race between incumbent President Barack Obama and
Republican challenger Mitt Romney, the election's resolution will finally end
the uncertainty that has kept the market stagnant for the past few weeks."No
one's going to make big bets today," said Perry Piazza, director of investment
strategy at Contango Capital Advisors in San Francisco. Just 5.16 billion
shares changed hands on the New York Stock Exchange, the Nasdaq and the
NYSE MKT on Monday, below this year's average daily volume of 6.5
billion. [Reuter s](CMSHK)

2、Euro shaky after fall; Aussie eyes RBA r ates
The euro languished at eight-week lows versus the greenback on Tuesday,
having fallen broadly as a Greek parliament vote on a new austerity package
loomed. Traders said the market was also in a wait-and-see mode ahead of a
tight U.S. presidential race, although President Barack Obama has a slight
lead in the eight or nine battleground states. The single currency was at
$1.2790, having fallen as far as $1.2767 following a break of the October 1
trough around $1.2804. The latest decline has pushed the euro out of the
$1.2800/3200 trading range held since mid-September. Immediate support is
seen around $1.2741, a level representing the 38.2 percent retracement of the
July-Sept rally. [Reuter s](CMSHK)

06 Nov 2012 ,Tuesday
HK I ndices


Last pr ice


chg


% chg


HSI
22,006.40 -104.93 0.00
Finance
30,082.54 -163.02 -1.00
Properties
29,768.62 83.22 0.00
Utilities
51,038.04 117.51 0.00

Commerce&Industr 12,959.89 -92.24 -1.00
HSCEI
10,768.28 -65.45 -1.00
HSCCI
4,286.81 -17.44 0.00
HKSPGEM
354.26 0.62 0.00
Wor ld I ndices


Last pr ice


chg


% chg


FTSE 100
5,839.06 -29.49 -1.00
DAX 30
7,326.47 -37.38 -1.00
CAC 40
3,448.50 -43.96 -1.00
DJIA
13,112.44 19.28 0.00
S&P500
1,417.26 3.06 0.00
Nasdaq Composite
2,999.66 17.53 1.00
Nikkei 225
9,007.44 -43.78 0.00
Asia-Pacific
I ndices


Last pr ice


chg


% chg


KOSPI
1,393.30 -1.41 0.00
TWSE
7,185.36 -25.11 0.00
STI
2,333.70 -62.65 -3.00
India BSE 30
14,665.92 -437.63 -3.00
S&P/ASX 200
3,971.20 36.60 1.00
HSI One Year
?
5000
10000
15000
20000
25000
Nov-11 Mar-12 J ul-12 Oct -12
HSCEI One Year
?
3000
6000
9000
12000
15000
Nov-11 Mar-12 J ul-12 Oct -12
Source:Bloomberg
China Merchants Securities (HK) Research
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