Weekly

The Hong Kong government announced yesterday that in response to the slowing down of the epidemic in Hong Kong, restrictions will be further relaxed. Four types of restricted premises, Karaoke, nightclubs, bathrooms and party rooms,

The time limit for business restriction expires at midnight on May 28 and business can be resumed.  In addition to Hong Kong, countries around the world have gradually lifted the blockade measures that have been in effect for many months. All over the world, epidemic prevention measures have been further relaxed. Bars, cafes, swimming pools and beaches have reopened.

The optimism brought to the market outweighed the doubts about tight U.S.-China relations. European and U.S. stock markets both closed high.  The trading hall of the new york Stock Exchange was partially reopened last night. About 100 brokerage representatives, supervisors and exchange employees were allowed to return to the trading hall.

The traditional trading method replaces the all-electronic trading operation that started on March 20.  Although last night only accounted for about a quarter of the total number of staff in the past, the symbolic significance is even greater: the United States began to return to work!

The rise in oil prices has been accompanied by the release of seals around the world. Economies including China have begun to restart their economies, which has led to an increase in crude oil demand. In addition, oil-producing countries have undertaken to reduce production. Market reports have suggested that Russia's energy minister will discuss with major oil companies to extend production cuts.

In addition, the Organization of Petroleum Exporting Countries and its allies will meet again early next month to discuss maintaining the reduction in production. Both support the rise in oil prices.  Meanwhile, International Energy Agency (IEA) Director Fatih Birol said that global energy consumption has not yet peaked.

With strong government policies, sustained economic recovery and lower oil prices, global crude oil demand will return to its original or even higher level.  New york Oil closed at $34.35 a barrel, up $1.1 or 3.3%

As for gold price, it was affected by a drop in safe-haven demand to US$ 1710 per ounce, down two days in a row.

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