【《财经》(博客,微博)综合报道】 【《financial》(blog,Micro bo)Comprehensive report】

　　美联储声明令人失望美股收跌，两市未能延续昨日涨势，早盘双双低开，在钢铁行业的强势带动下，沪指一度翻红，正要冲击10日线时，地产股的突然集体大跌，直接将股指砸落，使多头梦断10日线，并且收盘跌破5日线，市场重归弱势。

The fed statement disappointing charge us stocks fell，Two city failed to continue rise yesterday，Both low earlier in the open，In the iron and steel industry driven by strong，HuZhi once turn red，Was going to impact 10, when the line，The collective property counters were suddenly plunge，Direct stock hit fell，Make bull dream broken line 10,，And below closing date line 5，The market return to the weak。

　　虽然银行护盘，但地产、有色、煤炭等权重领跌，股指震荡向下，特别是今日取消预售房制度的传言使地产暴跌，沪指触2103.50点低点，深成指破9000点创新低，其后银行上涨，多板块跌幅收窄，股指上行后又震荡回落。创业板今日较强，尾盘拉涨翻红。

Although the bank offerings，But real estate、non-ferrous、Coal and other weight brought down，Stock index concussion down，Especially today opens to booking a room cancelled the rumours of real estate slump to the system，HuZhi touch 2103.50 low，Shenzhen composition index break 9000 points lower innovation，Thereafter bank rise，Many plate fall narrow，Stock index up and shock fell back。Today the gem is stronger，End dish pull up turn red。

　　截止收盘，沪指报2111.18点，下跌12.18点，跌幅0.57%，成交417.8亿元；深指报8995.62点，下跌170.35点，跌幅1.86%，成交454.5亿元。两市成交量仍偏小，两市上涨个股仍明显少于下跌个股。

By closing，HuZhi quote 2111.18 points，Down 12.18 points，Fall 0.57%，41.78 billion yuan clinch a deal；ShenZhi quote 8995.62 points，Down 170.35 points，Fall 1.86%，45.45 billion yuan clinch a deal。Two city still partial small volume，Two city rising stocks still obviously less than individual stocks down。

　　从盘面上看，地产、船舶制造、券商等板块跌幅居前，钢铁、生物制药、医疗器械、电子器件、银行等上涨。华银电力(600744,股吧)、百润股份(002568,股吧)、有研硅股(600206,股吧)、众和股份(002070,股吧)、四川路桥(600039,股吧)等11只非ST股涨停，苏宁环球(000718,股吧)跌停。

Look from the disk，Real estate、Ship made、Brokers in sectors such as before the fall，steel、Biological pharmaceutical、Medical devices、Electronic devices、Banks and other rise。HuaYin power(600744,Shares it)、Bairun ford will share(002568,Shares it)、YouYan silicon shares(600206,Shares it)、All the shares and(002070,Shares it)、Sichuan road &bridge(600039,Shares it)Only 11 of ST strands of harden，Suning universal(000718,Shares it)Drop stop。

　　对于中国经济形势，高层的判断已非常明确，当前经济增速保持在预期范围内，并呈趋稳态势，全年经济增长目标定将完成。市场将在此后几个月再度加强财政和货币支持实体经济的发展，短期指数的波动更多的在于消息面的变化。

For China's economic situation，Top judge already is very clear，The current economic growth is expected to remain in the range，And with the situation stabilised，Annual economic growth target will be finished。The market will be in a few months after again strengthen financial and monetary support the development of the real economy，Short-term fluctuations in the index of the news more changes。

　　从历史经验看，中期经济会议后，市场将步入政策时间，因为经济会议上隐约透露的信息及随后出台的政策刺激将为相关板块带来投资机会。对于证监会的喊话，市场人士认为，股指下跌已经濒临政策底线，从中长期看，底部就在眼前。

From the historical experience to see，After the middle economic conference，The market will step into the policy of time，Because economic meeting loomed the information and then that policy stimulus for related sectors will bring investment opportunities。For CSRC propaganda，Market experts think，Stock index fell is on the verge of policy the bottom line，Long run from，The bottom is in sight。

　　银河证券认为，股指处于短期下跌尾部，下跌空间不大，但经济疲软又使得股市回升乏力，8月份将在底部震荡。强势股补跌和弱势股企稳是底部特征之一，但也显示出当前投资者所面临的尴尬：前期表现强势、前景看好的股票有补跌风险，而前期弱势目前处于低位的又没有太大前途。

Galaxy securities think，Stock index fell short in the tail，Down the space is not large，But economic weakness and make the stock market rebounded lack of power，August will in the bottom of concussion。Strong shares fell and vulnerable stocks for stabilising the bottom is one of the characteristics，But it also shows that the current investors faced embarrassing：Outstanding for the strong、The stock with good prospect for fall risk，And now in the low post the weak and not too big future。

　　申银万国表示，短线看，股指在2100点暂时获得支撑，但有效性有待观察，还需要基本面、政策面和其他多重因素的配合。预计上证指数在2132点上下还有一番震荡整理，在没有确定的转强信号出现之前，不妨等待。

Shenyin &wanguo said，Short term see，Stock index at 2100 points for temporary support，But effectiveness to be seen，Need fundamentals、Policy and other multiple factors。The Shanghai index is expected to at 2132 points, up and down a concussion and finishing，In no established strong signal there before turning，Might as well wait for。

　　宏源证券(000562,股吧)认为，在政策利好刺激下，8月份首个交易日沪深两市大盘双双迎来久违的反弹，呈现开门红走势。沪综指涨幅达到了0.93%，创出了7月6日以来的单日最大涨幅。由于两市交易金额较前一交易日有所放大，并突破5日均线的压制，市场短期有望出现试探性反弹行情。

Hongyuan securities(000562,Shares it)think，In good policy stimulation，In August, the first trading day two in shenzhen city both have long time no see the bounce of the grail，A present situation。Shanghai synthesis index rose to 0.93%，Makes since July 6, its biggest one-day advance。Because the two trading amount is in the session has enlarged，And break through five daily line repression，Short-term market is expected to appear exploratory rallies。

　　外围消息：

Peripheral news：

　　美联储未暗示更多刺激措施，美股周三小幅收跌。美联储宣布维持联邦基准利率不变，7月ADP私营就业增长好于预期；时代华纳二季度利润下滑33%，雅芳二季度每股盈利大跌70%，汉堡王二季度盈利增长60%。

The fed did not suggest that more stimulus measures，Us stocks fell Wednesday a small charge。The fed announced that maintain the federal funds rate unchanged，July ADP employment growth in the private sector better than expected；Time warner profit fell 33% in the second quarter，Avon second quarter earnings per share 70% drop，Burger king second quarter earnings growth of 60%。

　　截至收盘，道琼斯工业平均指数下跌32.55点，收于12,976.13点，跌幅为0.25%；纳斯达克综合指数下跌19.31点，收于2,920.21点，跌幅为0.66%；标准普尔500指数下跌4.00点，收于1,375.32点，跌幅为0.29%。

By the closing，The dow Jones industrial average was down 32.55 points，Closed at 12,976.13 points，Down 0.25%；The nasdaq composite index fell 19.31 points，Closed at 2,920.21 points，Down 0.66%；Standard &poor's 500 index fell 4.00 points，Closed at 1,375.32 points，Down 0.29%。

　　消息面：

News surface：

偏股型基金7月份减仓近10% Slant model fund in July to decrease a storehouse of close to 10%

　　刚刚过去的7月份，“钻石底”最终在下跌的浪潮中烟消云散。随着跌势的继续深化，偏股型基金慌忙撤出资金，仓位加速下滑。统计数据显示，7月末高仓位已成为偏股型基金中的少数派，基金的仓位已集中在7成左右的中性偏低水平，半数左右的基金减仓幅度都在是在10%以上，基金仓位已经降至历史底部了。

Just the past seven months，“Diamond bottom”Finally, in the tide of fall away。With the alpha continued to deepen，Slant model fund flurried pulling money，Position downhill acceleration。Statistics show that，In late July the high position has become a slant model fund of the minority，The fund has focused on the position of the neutral about 7 into low level，About half of the funds decrease a storehouse in amplitude is more than 10%，Fund positions have fallen to historic bottom。

产业资本越跌越买 70亿增持5行业 The more the industrial capital dropped to buy 7 billion additional 5 industry

　　自5月8日以来至今，上证指数累计下跌328.59点，跌幅13.4%。在大盘持续下滑后，市场弥漫着一片悲观的情绪，但以产业资本为主的大股东却在悄然入场。

Since the May 8 since，The Shanghai index fell 328.59 points total，Fall 13.4%。After the continued decline in the grail，Market smell a pessimistic mood，But to industrial capital primarily in the big shareholders but quietly。