Weekly

Chinese and European leaders held a video conference. President Xi Jinping met with European Council President Michel and European Commission President Von Draine.  Xi Jinping pointed out that,

China is willing to work with the European side to promote Sino-European relations in the "post-epidemic era" and move to a higher level.  Xi Jinping stressed that China wants peace and not hegemony. It is an opportunity rather than a threat.

The two sides should respect each other, seek common ground while reserving differences, and make peace while being different, so as to continuously enhance mutual understanding and trust.  Xi Jinping's remarks are obviously in response to last week's EU announcement.

The EU is about to launch a series of measures to try to curb Beijing's trade ambitions on the European continent.  Xi's speech at least tried to reduce his opponent outside the United States.

As a matter of fact, Europe and China, as the world's two largest economies, currently face great uncertainties in the world. Only by strengthening international cooperation can we meet global challenges and jointly promote the recovery of the world economy.

However, this is often the case with state affairs. Politics usually comes before economic interests.  Ishigaki City Council of Okinawa Prefecture in Japan passed a bill calling Japan the Senkaku Islands and China the name of the Diaoyu Islands.

From "Den Ye Cheng" to "Den Ye Cheng Jian Ge", the name is expected to be officially changed from October 1.  The Chinese Ministry of Foreign Affairs spoke immediately and Japan passed the so-called "rename" bill.

It is a serious provocation to China's territorial sovereignty and firmly opposes it. It has made solemn representations to Japan through diplomatic channels and reserves the right to make further reactions.

U.S. stocks fell first and then rose. The market was concerned about the increase in confirmed cases of new pneumonia and the U.S. economic situation. After that, the market turned up again and again, driven by the build-up of technology stocks.  The Nasdaq index climbed 10,000 points again.

The Dow Jones index also climbed 26,000 points to close at 26,024.  The dollar fell and the market was concerned about the prospects for economic recovery after the epidemic.  The dollar index fell about 0.7 percent to 97.017.

Gold prices rose to a one-month high, driven mainly by the decline in the US dollar.  In addition, the global epidemic situation is still uncertain, and the demand for safe haven also supports the gold price.

Gold rose to $1,759 yesterday as nobody entered the market.  Harvest pushed gold back to $1,754 an ounce.  Gold stocks and oil all rose, while crude oil futures continued to rise, closing at $40.3 a barrel.

For detailed analysis and operation suggestions, please CLICK the following links to join the group and inquire with the administrator.
https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg