Weekly

Catch up

2020-07-20

In the past week, the third wave of COVID-19 pneumonia broke out in Hong Kong. In just one week, 416 people were diagnosed, and the cumulative total number of local infection cases increased to 1885, which reached 108 cases over 100 yesterday.

The number of confirmed deaths has increased to 12, and yesterday, Carrie Lam, the chief executive of Hong Kong, announced belatedly that he would tighten the epidemic prevention measures again. However, some experts criticized the government's slow response, describing the appointed expert group as nominal.

Is it because these employed medical experts have failed in their efforts, or is our authoritarian government already biased towards hard implementation? However, at this stage, everyone is in danger!

The whole world is also shrouded by this new virus. As of yesterday, the cumulative number of infected people in novel coronavirus exceeded 14,400, and the number of confirmed deaths increased to over 600,000.

The United States continues to be the country with the most infections in the world. Because of the spirit of freedom and democracy in the United States, American citizens yearn for freedom of movement. After the outbreak in the United States, more than 3.83 million people have been diagnosed.

It has set a new high for confirmed cases of new infections for three consecutive days, and nearly 140,000 people have died from the virus; However, the epidemic is as serious as silk, and there is still no way to prevent American young people from going out for social activities. American officials warned that if the new virus continues to spread in the community,

Social measures will be tightened again, including imposing home restriction orders and suspending all unnecessary economic activities. Treasury officials in the United States have said many times that the recovery of the American economy depends not only on more financial cooperation from the government,

The most important thing is to control the epidemic. Last week, it was reported that the vaccines against novel coronavirus from Pfizer Pharmaceuticals of the United States and German Biotechnology were quickly approved by the Food and Drug Administration of the United States, and there was a better chance to report that 100 million doses of vaccines would be launched by the end of this year.

And will be able to produce vaccines at the same yield every month thereafter. The news stimulated the US stock market to rise. The Dow Jones index once broke through 27,000 points and finally closed at 26,672 points, up 1% last week.

Last week, China's National Bureau of Statistics announced that the GDP of the second quarter increased by 11.5% quarter by quarter, which was better than the market expectation of 9.6%. The figures not only reversed the decline caused by novel coronavirus in the first quarter,

The annual increase of 3.2% is far from the decrease of 6.8% in the same quarter of last year. The data clearly reveals that China's economy has gradually recovered from the shadow of the new crown virus, but the stock markets of Shanghai and Shenzhen still fell by 0.5% last week.

The United States announced last week that the US crude oil inventory decreased by 7.5 million barrels, which greatly exceeded market expectations. The news stimulated the rise of oil prices, but the market said that OPEC++intended to reduce the production reduction agreement from August, which caused buyers to pay a little.

New york oil futures closed at $40.6 a barrel last week, up 0.9%. Last week, the epidemic weakened the US dollar index, which once fell below 96 and reached a one-month low of 95.8. The highest price of gold rose to US$ 1,815. However, news of vaccines in the market limited the increase of gold price.

It finally closed at $1,810 per ounce, still rising by $12.

For detailed analysis and operational suggestions, please CLICK the following link to join the group and check with the administrator
https://t.me/joinchat/OEEaFRx9QcbOZE-aQzNSgg



Previous Article Next Article