Weekly

May 18th

Today's volatility range:

Russia softened Finland's attitude of joining NATO, saying that as long as NATO does not plant weapons in Finland, Russia will not do anything. Geopolitical tensions in Eastern Europe have slowed down slightly. Federal Reserve Powell

The speech reinforced the market's expectation of raising interest rates. The gold market may fall below $1,800 again, aiming at this week's low of $1,787. The suggested volatility today is $1,787 to $1,820.

The U.S. Treasury Department announced that China has reduced its holdings of U.S. Treasury bonds for the fourth consecutive month. According to the report, in March this year alone, it continued to reduce its holdings of U.S. Treasury bonds by $15.2 billion, and its total holdings dropped to $1.039 trillion, which is the first time in 11 years.

Come to a new low. The dollar fell again, which made the RMB strengthen relatively. In addition, the Mainland Development and Reform Commission threatened that the epidemic situation in China was gradually over, and the economic operation quickly returned to normal. Hong Kong stocks rose for three consecutive days. Hang Seng Index opened 240 points higher,

After that, it rose more and more, and finally closed at 20,602 close to the high level, rising by 652 points or 3.3%. Yesterday, European economic data showed pornography, and the number of people applying for unemployment benefits in the UK dropped by 57,000, showing the unemployment rate in the UK.

Falling to a 48-year low, and the total domestic production in the euro zone in the first quarter increased by 0.3% month-on-month than expected, the three major European stock markets rose across the board, and the German DAX index rose by 1.62%; Paris CAC index rose by 1.31%;

Britain's FTSE 100 index rose 0.76%.

Liu He, Vice Premier of the State Council, said yesterday that it is necessary to support the development of platform economy in China, support the sustained and healthy growth of private enterprises, encourage platform enterprises to participate in major national scientific and technological innovation projects, and indicate that the government should be handled well.

And market relations, Liu He's speech gave the long-lost technology stocks a chance to loosen up, the China Stock Exchange rose, and led the overall increase of US stocks by 1 to 2%, with the Dow Jones index rising by 1.34%; . The S&P 500 index rose 2.06%;

The Nasdaq Composite Index rose 2.76%. The gold market was first high and then low yesterday. European and American stock markets are doing well, investors' risk appetite is increasing, the gold price has softened from the highest point of 1836.2 USD yesterday, and Federal Reserve Chairman Powell is strong.

He expressed his determination to reduce inflation. He said that before prices began to fall back to a healthy level, the Federal Reserve would not hesitate to continue to raise interest rates. Under the expectation of interest rate hike, the yield of 10-year U.S. Treasury bonds rose nearly 3%, and the price of gold

The attraction was greatly reduced, reaching a low of $1,812.9 and closing at $1,815, down $9.6.

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