Weekly

U.S. Treasury Secretary Nuchin expressed his expectation that China would fulfill the first-stage trade agreement.  He also said that if the United States can compete with China in a fair environment, it will be a great opportunity for the United States.

Because China has a huge and growing middle class market, however, if the United States cannot participate and compete on a fair basis, the economic relations between the two countries will be disconnected.

U.S. Treasury Secretary Nuchin said he expected the economic recession caused by the new pneumonia epidemic to end before the end of this year.  He revealed that a new round of stimulus plan may be adopted in July.

The mainland stock market fell first and then rebounded yesterday.  In the early stage of the market, Navarro, a White House trade consultant, pointed out that the Sino-US trade agreement had ended.

However, after that, President Trump clarified in a social networking post that the trade agreement with China was in good condition, and the index turned from falling to rising.  The American manufacturing managers index rebounded in June, and financial data provider Markit announced that,

The initial value of manufacturing purchasing managers' index (PMI) rose to 49.6 in June, up 9.8 month by month, which was better than the market expectation, reflecting that with the economic restart, the contraction of manufacturing and service activities improved.

Last month, the construction of new houses rose by nearly 17%, exceeding expectations.  U.S. stocks closed high across the board. In addition to the bright data above, the market also expected more stimulus measures from U.S. Treasury Secretary John Nuchin, and technology stocks continued to be bought.

In addition, the tension in international trade eased slightly, pushing up the market, and the Nasdaq index broke its peak again.  The Dow Jones index rose 290 points at most and closed at 26156 points.  The Nasdaq hit a new high in the market and closing.

The index once rose by 1.6 to 10221 points, and closed at 10131 points, up 74 points, or more than 0.7. This month, it was the fifth time to generate a new high in the city.  The weakness of the US dollar led to an increase in gold prices, which closed at 1,770 US dollars per ounce.

It rose by US$ 15.6, or 0.8, the highest in more than seven and a half years.  It is one step away from the high of 1,773 on October 12, 2012.  Oil prices rose first and then returned, mainly because the market predicted that US crude oil inventories would increase.

American petroleum institute announced that US crude oil inventories increased by 1.7 million barrels last week, which was significantly higher than the market expectation of an increase of 300,000 barrels.  New york oil has reached its highest level since the beginning of March, and then turned down.

New york oil futures closed at $40.37 a barrel, down 36 cents, or 0.9

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