On Friday, two positive news came out. How will the A-shares open high today?
The first good news, I don't need to say much, the economic meeting has received a strong positive response. In the morning, we looked at the collective bidding to see if the consumer sector has rebounded, or how the real estate-related sectors are reacting!
The second good news is that the number of initial jobless claims in the U.S. reached the largest increase since the global pandemic outbreak in 2020. This is positive for the Federal Reserve to cut interest rates! Therefore, U.S. stocks and Chinese concept stocks have all rebounded upon hearing this news!
So how does the A-share market look today?
My view is that despite opening high, it's still important to hold back! Wait for the market to develop new hotspots, and there is still a drop in A-shares, so there's no need to rush!
