Weekly

There is an uneasy atmosphere all over the world. The cumulative number of infected people in novel coronavirus has exceeded 12,800, a surge of 16% from last week's 11 million. And the number of infections in the United States is increasing,

The situation is almost out of control, with more than 3.35 million confirmed cases and a cumulative death toll of more than 137,000. Even the face-saving US President Trump wears a mask in public, and the bad situation can be imagined!

Novel coronavirus is also experiencing the third wave in Hong Kong. Virus experts have pointed out that the virus has mutated and spread faster. It is suggested that the Hong Kong government should consider tightening social measures to the level of March as soon as possible.

Before we can effectively control the new virus, we can only rely on personal hygiene awareness and government policies to promote the fight against the small people.

However, due to the slow administrative efficiency of the Hong Kong government, the Education Bureau announced last Friday that it was a rare and quick administrative decision to take summer vacation ahead of schedule! Last week, the stock markets of Shanghai and Shenzhen became the kings of the stock market!

Last week, China announced the domestic consumer price index, and the figure increased by 2.5%, which was even better than the 2.4% before novel coronavirus appeared last year! A better economy stimulates trading,

The two major indexes of Shanghai and Shenzhen stock markets have risen for eight trading days in a row, but unfortunately they were slightly fine-tuned on Friday and the cable was broken; The Shanghai Composite Index still rose 6% to 3,383 points throughout the week, while the Shenzhen Composite Index hit a new high since June 15, and rose 9% to 13,671 points last week.

But there are hidden worries behind China's prosperity! That is, Sino-US relations have become worse because of the Hong Kong National Security Law. U.S. Treasury Secretary Nuchin said,

"The United States promises to make full use of its economic strength to hold accountable those who violate human rights in Xinjiang and around the world. Nuchin's remarks should imply that those who violate human rights in Hong Kong will be investigated.

Earlier, the United States passed the Hong Kong Autonomy Act, which allowed the United States to authorize law enforcement agencies to sanction a series of people who harmed Hong Kong's freedom and autonomy, and also to sanction banks that continue to provide services to these sanctioned people.

The individual development of the US stock market worries that the epidemic situation in the United States is getting worse, and the whole country may implement a new round of blockade measures, which will drag down the performance of enterprises, especially entities with higher operating costs.

Venture investors have left the traditional economic shares and invested in the new economic shares. The Dow Jones index closed at 26,075 points, up only 78 points. On the contrary, the Nasdaq index has a strong trend, hitting a new high for five consecutive days.

In the end, it rose 2.5% in a week and closed at 10617 points. The number of confirmed cases of new pneumonia has increased, and investors are looking forward to more relaxation policies of central banks in various countries. The gold price has been supported and broke the eight-year high last week.

The highest value was US$ 1,818 per ounce. Later, the weakening of US stocks enhanced the safe-haven appeal of the US dollar, and gold investors took profits. In addition, the number of initial jobless claims announced by the United States was 1.31 million, which was better than expected and last week's figures.

The gold price retreated and closed at $1,798 per ounce.

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