Weekly

calm and tranquil

2020-06-05

On the political front, the market returned to calm without further provocation from both China and the United States. Stock markets around the world reflected economic data yesterday.  The European Central Bank has stepped up its stimulus plan to support the economy.

The scale of the emergency anti-epidemic debt purchase plan will be increased by 600 billion euros to 1.35 trillion euros, an increase higher than expected. The market is watching the Federal Reserve's interest rate meeting next week.  The dollar index continued to slide to 96.76.

The number of new jobless claims in the United States last week fell to 1.877 million from less than 2 million for the first time since mid-March, but still exceeded market expectations, with stock market investors taking the lead.

The Dow Jones index moved repeatedly, dropping nearly 200 points and rising 115 points before finally rising 11 points to 26,281 points, up 4 consecutive days.  Gold fell 1.5% after the day before yesterday's warehouse-washing, thanks to the weakening of the US dollar.

Yesterday, the gold price rebounded and recovered half of its lost territory, reaching a high of 1722 and closing at 1713.  New york oil closed at $37.4 a barrel, up 0.1.  Investors should pay attention to the non-agricultural employment report released by the United States tonight.

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