Weekly

April 27th

Today's volatility range:

The signal of global economic deterioration is getting stronger and stronger, and the decline of European and American stock markets has increased the attractiveness of gold. However, it is obvious that the price of gold is still under pressure above $1,910. With the continuation of the Russian-Ukrainian war, it is necessary in the short term.

Keep the bottom of 1890, and then the wave can be raised again. The suggested volatility today is $1,896 to $1,912.

HSBC Holdings announced its quarterly results, and its revenue dropped by nearly 25%. Among them, the growth of Hong Kong, which provides the most stable revenue for the Group, also showed signs of slowing down, with a year-on-year decline of 45%. Research refers to the group's

Europe's business was affected by the war between Russia and Ukraine, which led to rising inflation, and the European economy was still trapped by the COVID-19 epidemic. In addition, the group wanted to increase its efforts to expand the Greater China market, and it happened to meet the mainland's common prosperity policy.

While the market is shrinking, it is more difficult to compete with mainland banks in terms of share. Nowadays, the COVID-19 epidemic has reappeared in mainland provinces and cities, and the short-term business prospects of HSBC, which is not a biological child, are even more challenging in the mainland.

The exchange rate of RMB has plummeted in recent days. The People's Bank of China announced that in order to improve the ability of financial institutions to use foreign exchange funds, the reserve ratio of foreign exchange deposits of financial institutions will be reduced from 9% to 8%. This policy will make foreign currencies in the market

The supply increased, thus pushing down the foreign currency interest rate and supporting the RMB exchange rate in disguise. The news stimulated the offshore RMB to bounce by 4%. The rebound of RMB exchange rate once stimulated Hong Kong stocks to rise by nearly 400 points, but mainland stocks

When the market weakened, Hong Kong stocks also fell by 10 points. The Hang Seng Index finally closed at 19,934 points, rising by 65 points or 0.33%. The 20,000-point mark was lost. Russia's Foreign Ministry issued a warning that the United States and NATO sent a message to Ukraine.

To provide weapons is to wage war with Russia as an agent, which is the real danger of triggering the Third World War.

As a result of the war in Eastern Europe, Europe's economy has experienced rising inflation and economic slowdown. Coupled with the expected market effect of interest rate increase in the United States, it can be said that it is easy to fall but difficult to rise. Yesterday, the three major European stock markets developed separately, Germany

DAX index fell by 0.12%; Paris CAC index fell by 0.54%; Britain's FTSE 100 index rose 0.07%. The COVID-19 outbreak in China has broken out in many provinces and cities, and investors are worried that the world's second largest economy will be frustrated, while Europe

Russia-Ukraine war broke out again in Europe, which made the world inflation worse. The US Federal Reserve had to regulate the market with a stronger interest rate increase policy. However, at present, inflation is the culprit of quantitative easing to stimulate demand, but the supply chain

The shortage of supply is another main reason for pushing up prices. The signal of global economic deterioration is getting stronger and stronger. Whether or not to get through stagflation still depends on how and when the Russian-Ukrainian war will be resolved. Under the COVID-19 epidemic,

How can the global economy regain its vitality under tolerance and clearing?

Belief is not an easy question to answer; As Federal Reserve Chairman Powell said last week, the United States may not be able to return to the economic model before the virus pandemic, and the efficiency of globalization has slowed down, which means higher

Inflation and lower productivity! Last week, Netflix, a new online media, announced an unexpected drop in its membership in the first quarter, which caused its share price to drop by more than 5% yesterday. Investors were worried about the transcripts of Microsoft and Google, which announced their results one after another.

It will also be disappointing, taking the lead in reducing its holdings, with the Nasdaq index representing technology stocks dropping by 3.95%. Under the geopolitics of Eastern Europe, the economic prospect is bleak, and the market expects the US economy to make a soft landing, which is a relatively optimistic view.

Economic stocks are also under pressure, with the Dow Jones index falling 2.38%; The Standard & Poor's 500 Index closed down 2.81%. The People's Bank of China announced the reduction of the foreign exchange reserve ratio of financial institutions. The news stimulated the offshore RMB to bounce by 4%, and the gold price was one

It rose to $1911.3, but it was obviously subject to $1910. After that, the gold price weakened and tested the support of $1900, and the lowest price was $1895.8. Finally, the U.S. stock market plunged, safe-haven funds flowed into the gold market, and the gold price finally reached $1905.4.

The US dollar closed up $7.40.

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