Weekly

April 25th

Today's volatility range:

The war in Ukraine continues, threatening the global economy and raising the sentiment of safe-haven funds. However, the monetary policy of the European Central Bank will lag behind that of the United States, which will provide a good news for the short-term trend of the US dollar, but it will be unfavorable.

Gold price. Recently, the U.S. Federal Reserve favors more drastic measures to raise interest rates, which will hit the gold market. It is expected that the price of gold may bottom out further, but it should be stable at $1,900. Today's suggested volatility is 1918.

To $1,934.

Affected by the epidemic situation in the Mainland, the official policy on online media is tightening, which has greatly dealt a blow to the development of online enterprises in the Mainland, and the employees of online giant enterprises are also facing unemployment; While the mainland market announced that it will drop today.

0.25%. However, the market's expectation that the official interest rate will be lowered after the announcement of the RRR cut has failed, which cannot further boost the risky assets; Coupled with the pressure of the expected interest rate hike in the United States, the Hong Kong stock market is in the post-Easter period

That is, it fell for four days, and it was the third consecutive week of decline. The Hang Seng Index closed at 20,638 points, falling by 879 points or 4.1% in a week. European stock markets performed repeatedly last week.

The profits of many large European companies in the market are higher than expected. In addition, European Central Bank President Lagarde said that the meeting of the European Central Bank in June will decide the timing of the next action based on the new data and reaffirm the euro zone economy.

Unlike the speed of the United States, the policy of the European Central Bank is more about normalization than austerity. Lagarde's remarks once stimulated the rise of European stock markets in Europe, but the war between Russia and Ukraine has always had a great impact on Europe. The German Central Committee

Last Friday, Bank of England warned that if the Russian-Ukrainian war escalated and the import of Russian energy was banned, local power generation and industrial production would be restricted, and the economy might shrink by 2%. In addition, Bank of England Governor Bailey warned of the recession.

Increase, the three major European stock markets fell by 1.4% to 2.5% respectively on Friday. No wait, the one-day drop overshadowed all previous increases. In a week, the German DAX index fell by 0.15%; Paris CAC index fell 0.12.

%； Britain's FTSE 100 index fell by 1.24%.

The trend of U.S. stocks is the same as that of European stocks, but it has also gone up first and then down. Consumer and aviation stocks saw strong earnings growth, and the market expected strong economic growth, leading the rise of US stocks. But last Thursday, Federal Reserve Chairman Powell said that the United States

China may not be able to return to its pre-virus-epidemic economic model. The Russian invasion of Ukraine has led to more economic problems, and the efficiency of globalization has slowed down, which means higher inflation and lower living standards.

Productivity. Regarding the Fed's interest rate hike, Bowie said that a 50-point rate hike will be discussed at the meeting in May, and that many people in the Fed believe that one or more rate hikes of 50 basis points are appropriate. Federal Reserve

Brad, another official, even said that he supported a 0.75% interest rate increase! It is expected that the interest rate curve of interest rate increase in the United States will be steeper this year. Under the pressure of rising interest rates, the three major stock markets on Wall Street will fall. In a week's summary,

Dow Jones index fell 1.86%; The S&P 500 index fell 3.12%; Nasdaq index fell 3.86%.

The Russian war continued, and the Russian army began to launch a new round of fierce offensive in eastern Ukraine. In his daily video speech, Zelenski said that Ukraine would never give up its resistance, and the situation further affirmed that the Russian-Ukrainian war would only

We won't stop until the two sides win. Hedge funds once pushed the gold price close to the $2,000 mark, but it was unsustainable after the virtual fire. After Powell's speech, the market expected the Fed's interest rate curve to be even more

Steep, which put pressure on the gold price. The lowest gold price was $1926.6, and finally closed at $1932.4. In a week, the price of gold fell by $41.

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