Weekly

US Secretary of State Pompeo and Yang Jiechi, member of the Political Bureau of the CPC Central Committee, concluded talks in Hawaii yesterday.  After the meeting, both sides expressed that the meeting was effective and achieved certain results.  The Chinese Foreign Ministry said,

Yang Jiechi clarified China's position on Sino-US relations and issues concerning Taiwan, Hong Kong and Xinjiang, stressing that China's establishment of the "Port Security Law" is purely an internal affair of China and firmly opposes US intervention in Hong Kong affairs.

China's determination to push forward national security legislation in Hong Kong is unshakable.  Later on the same day, the National People's Congress Committee also added the "Port Security Law (Draft)" to its agenda for deliberation. It is estimated that it has been approved to some extent by the United States.

However, the US State Department said that Pompeo stressed at the meeting the need for China and the United States to establish comprehensive and mutually beneficial exchanges in the fields of commerce, security and diplomacy, and urged China to remain transparent in the fight against the epidemic.

After observing the talks between the two sides, the atmosphere in the public speech was friendly and each should have his own needs. It is expected that Hong Kong's status as a financial center will be preserved.  Major European stock markets fell, ending the gains of the past two days.

The increase in new pneumonia cases in China and parts of the United States has triggered investors' worries about the second wave of infection.  However, the stock market in new york has developed individually with limited rise and fall.  According to figures from the US Federal Reserve,

As of Wednesday, the balance sheet had a size of 7.14 trillion U.S. dollars, a weekly decrease of 80 billion U.S. dollars, the first contraction since February, representing a decrease in the amount of currency swaps between the Federal Reserve and foreign central banks.

As well as other emergency credit arrangements.  Reflects the decrease in international trade, mainly due to the new crown epidemic.  The number of confirmed cases of new pneumonia has increased after several US states restarted their economies.

But President Trump reiterated that he would not impose the blockade again.  The number of new claims for unemployment assistance in the United States decreased slightly to 1.51 million last week but still exceeded expectations. The number of continuing claims for assistance also stood at 20.54 million.

Reflecting that the road to labour market recovery is still long.  Gold prices are soft and the US dollar index remains strong above 97, weakening gold's safe-haven ability. However, the number of confirmed cases of new pneumonia worldwide has increased, limiting the decline of safe-haven gold.

Gold prices surged yesterday to a high of 1,738 US dollars and a low of 1,717 US dollars, closing at 1,722 US dollars.  Crude oil futures prices rise.  Organization of Petroleum Exporting Countries and Allies Hold Ministerial Committee Meeting,

He also urged Iraq, Kazakhstan and other countries to better abide by the agreement.  According to the investigation, the implementation rate of the agreement reached 87. 5% in May.

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