Weekly

May 24th

Today's volatility range:

U.S. President Joe Biden said that he would consider lowering the tariff on China's population, which not only slowed down the geopolitical conflict between China and the United States, but also helped to ease the price increase in the market.

Go to some Federal Reserve to take greater pressure to raise interest rates. The gold price of enterprises closed above $1,850, although the bulls were still dominant. It is expected that it needs to be consolidated in this position before it can break through $1,870 again.

The suggested volatility today is $1,842 to $1,863.

The COVID-19 case in Shanghai and Beijing still can't be suppressed, and the market is uneasy about China's dynamic clearing, fearing that the authorities will make the economy go away forever under a large number of long-term blockades, and the domestic market will be close.

In 2000, the government continued to intervene in the economy, and the political risks continued to increase. For example, under the order not to speculate on housing, many private real estate companies in China were on the verge of bankruptcy, even though the central bank recently lowered the term for more than five years.

The quoted lending rate and the relaxation of restrictions on house foreclosure in the Mainland, but the public are worried about becoming leeks. For a while, it is difficult to return the vitality of buying houses to the level of the previous year, because the political risks are too great. Hong Kong stocks opened higher and closed lower, even though the mainland borrowed them.

With the good news that the loan cost has dropped and the United States is considering lowering the population tariff on China, the Hang Seng Index finally fell by 247 points or 1.2%, closing at 20,470 points, indicating that the market bottom of Hong Kong stocks is too weak, so it is possible to try 20,000 again.

Point support.

Yesterday, after meeting with Japanese Prime Minister kishida fumio, U.S. President Biden said at a press conference that he would consider lowering the tariff measures to China implemented by the previous President Trump. The market looks forward to improving trade relations between China and the United States,

In addition, the enterprise confidence index released by Germany yesterday unexpectedly rose, re-stimulating risk appetite, and the DAX index of Germany rose by 1.41%; Paris CAC index rose by 1.17%; The FTSE 100 index rose.

1.71%。 U.S. President Joe Biden said that he would consider lowering tariffs on China's population, which has become good news in the risk market. Investors expect that the tension between China and the United States has slowed down, and bank stocks are expected to raise interest rates.

Under the circumstances, the interest spread is expected to widen and improve profitability. A group of bank stocks have become the locomotive of the rising market, leading the overall increase of US stocks by more than 1%, and the Dow Jones index rose by 1.98%; . The S&P 500 index rose by 1.86%;

The Nasdaq Composite Index rose by 1.59%.

The price of gold kept rising, rising for four days in a row. Sino-U.S. trade relations are expected to improve, as U.S. President Biden announced during his visit to Japan that he would consider lowering import tariffs on China. The news stimulated European and American stocks to rise, while the dollar weakened.

The U.S. dollar index fell nearly 102 points, while gold rose by the momentum, with the highest price at $1,865.5 and the lowest price at $1,843.5, closing at $1,853.7, up by $7.1.

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