Weekly

April 21st

Today's volatility range:

Russia launched a new round of fierce offensive in Donbass region of eastern Ukraine, and Germany announced that the producer price index was twice higher than the market estimate, increasing the attractiveness of gold, and the Federal Reserve interest rate will be in May.

The news that the interest rate increased by 0.5% was also digested, and the gold price repeatedly tested the support of $1,952. Suggested volatility today is $1,950 to $1,962.

Yesterday, the mainland announced that the lending rate of the official loan market would remain unchanged at 3.7%, which was inconsistent with the market's expectation that the official interest rate would be lowered after the RRR cut. The mainland stock market fell first, followed by Hong Kong stocks.

It opened 50 points lower, but the market still had a strong wait-and-see atmosphere. The turnover of the whole day was less than HK$ 100 billion. In the end, Hong Kong stocks fell for two consecutive days, and the Hang Seng Index closed at 20,944 points, down 83 points or 0.4%. European stock market first

Fall and rise. Although Russia launched a new round of fierce offensive in Donbass, eastern Ukraine, the market reported that the profits of large enterprises were higher than expected, the three major European stock markets rose across the board, and the German DAX index fell by 1.47.

%； Paris CAC index rose by 1.38%; Britain's FTSE 100 index rose 0.38%.

Daley, an official of the US Federal Reserve, said that the inflation level in the United States is too high at this stage, which is too far away from the price stability target of the Federal Reserve, especially the risks caused by the war between COVID-19 and Ukraine. The Federal Reserve can definitely

The possibility of announcing the shrinking of the balance sheet in May and raising the interest rate by 50 basis points in May is very stable. He also said that the Federal Reserve is expected to raise the interest rate to a neutral level before the end of the year. Make speech market

The rate hike by the Federal Reserve in May was nailed to the board, but it released the market's panic about the rate hike. The yield of the 10-year U.S. Treasury bonds rose to a four-year high at an early date and then fell back. The new york stock market reacted differently, and its valuation was different.

Higher technology stocks are still subject to the high interest rate environment, with the Nasdaq index falling by 1.22%; The other two indexes with more old organizations continued to rise, with the Dow Jones index rising by 0.71%; The S&P 500 index rose 0.06%.

Yesterday, the gold market took an early decline and opened lower, with the lowest price of $1,939.4. By the time of the European market, Germany announced the producer price index, which increased by 4.9% month on month, almost times more than expected, indicating that the Russian-Ukrainian war was against Europe.

The continent economy brings private influence; The gold market immediately rebounded and repeatedly tested the resistance of $1,952. After it rose through, it closed at $1,957.5, almost close to the daily high, rising by $7.7.

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