Investment Daily Note

Market Highlights

U.S new non-farm payrolls reached 255,000 in July, far above market expected 185,000. The external markets gained on the recovery of market confidencetoward U.S. economy, and may send HK stocks higher.

General Administration of Customs of the People’s Republic of China will release trade data for July; the consensus forecast is 2.3% rise yoy in exports measured in yuan terms, up from 1.3% in June. The depreciation of yuan against dollar is the main factor. Therefore, it can’t fully reflect global demand.