Weekly

Last week was the Super Data Week in the United States, and a number of favorable economic data were released before July 4th holiday, which increased the happy atmosphere of American citizens.

First, the Federal Reserve decided to keep the interest rate between 0% and 0.25%, which was in line with market expectations. ISM manufacturing data showed that the manufacturing index rose to 52.6 in June.

Returning to the expansion level above 50%, there are already signs that the growth of enterprise investment will drive the labor market. Otherwise, the number of non-agricultural employment surged by 4.8 million in June, which was announced early last Thursday, and the increase was a record high.

Not only is it further improved than May, but it is also 60% higher than the market estimate of 3 million people, and the unemployment rate has dropped from 13.3% in May to 11.1% in June, a sharp drop of 2.2%; The fly in the ointment is that the number of people applying for unemployment benefits for the first time last week was 1.43 million.

Slightly better than the last published figure, but worse than expected. Another concern is that the cumulative number of people infected with novel coronavirus in the world has exceeded 11 million, and 530,000 people have died due to the infection of new viruses.

220,000 new people were diagnosed all over the world, breaking a new single-day record. However, the number of infection cases in the United States keeps rising, and the situation is almost out of control. Many States in the United States are divided into several States again, and the prospects may not be optimistic.

Because of the outbreak of pneumonia in COVID-19, the global economy was forced to almost stop. If the epidemic was not properly handled in one day, the global economy could not return to the pre-epidemic level!

Before the new virus can be restrained effectively, we have to rely on personal hygiene awareness and local government policies. The relationship between China and the United States is getting worse, except for the Hong Kong bill of the two countries, that is, the "Hong Kong National Security Law" passed by Beijing

And waiting for US President Trump to sign the "Hong Kong Autonomy Act", blaming each other, the plot is getting worse and worse; Last week, the People's Liberation Army (PLA) trained naval guns to shoot at sea in the Xisha Islands for five days.

The United States also sent two aircraft carriers to conduct military exercises with the South China Sea in the Philippine Sea. At the same time, the two countries have warships carrying out live-fire drills in the same sea area, which is enough to imagine.

Last week, the stock market benefited from the bright data of the United States, and stock markets all over the world recorded an increase. The Dow Jones index rose about 200 points a week to close at 25,827 points. U.S. crude oil inventories decreased by 7.2 million barrels last week due to satisfactory employment data.

Oil prices rose, and new york oil futures closed at $40.23 a barrel last week. Gold price hit an eight-year high last week, with the highest value of $1,789 per ounce, subject to favorable risk data and profit-taking by gold investors.

The price of gold dropped and finally closed at $1,774 per ounce.

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