Weekly

Oil price increases again.

2022-06-07

June 7th

Today's amplitude range

Saudi Arabia announced an increase in the official selling price of crude oil delivered in July, and the international crude oil price hit 120 dollars a barrel again. Investors were worried that inflation would intensify and the Federal Reserve would become more eagle, with 10-year treasury bonds.

The interest rate is up to 3%, depressing the price of gold. The gold price has the opportunity to try last week's low again, and today's suggested volatility is $1,832 to $1,844.

Observing the consumption during the Dragon Boat Festival holiday in the Mainland, it describes that the market is recovering well, the Shanghai and Shenzhen stock markets are rising, and Hong Kong stocks are finally losing two consecutive days. Hong Kong stocks opened 200 points higher yesterday, and there was a rumor that the mainland would release the application of Didi Chuxing.

Program, which was previously listed in the United States, was audited by mainland authorities for nearly a year due to network security reasons, during which the company's application program was required to be removed from the shelves. Market longing for China's politics

The government released the science and technology network industry, and the science and technology network stocks were greatly improved, driving Hong Kong stocks back to the high level in the past two months. The Hang Seng Index finally closed at 21,653, up 571 points or 2.7%. Chinese consumer activities showed up during the Dragon Boat Festival holiday.

The best rebound since the COVID-19 outbreak, coupled with investors' expectation that the Chinese government would relax its earlier regulation of various industries, is conducive to the restart of the supply chain and the global economic rebound. Three major European stock indexes across the board

Up by more than 1%; German DAX index rose by 1.33%; Paris CAC index rose by 0.98%; Britain's FTSE 100 index rose by 1.07%.

The media application for reporting Didi Chuxing will be put on the shelves again this week. The market thinks it's a signal from the Chinese government to relax the supervision of the Internet-surfing industry, and the news describes some parts of China during the Dragon Boat Festival holiday.

It showed the best consumption activity after the outbreak of the COVID-19 epidemic, and boosted the market's interest in China Stock Exchange. As a result, US stocks opened higher, but the price of US Treasury bonds fell, and the yield of 10-year Treasury bonds rose to 3%.

The increase of the three major stock indexes in Shanghai Street narrowed, and the Dow Jones index rose by 0.05%; . The S&P 500 index rose 0.31%; The Nasdaq Composite Index rose 0.41%. Oil-producing countries agreed in principle earlier to increase daily from July.

Production, to make up for some of the vacancies of Russian oil embargoed by Europe and the United States, but Saudi Arabia, the largest oil producer, announced yesterday that it would also raise the official selling price of crude oil delivered in July, the international crude oil price.

Once again, it hit $120 a barrel. Investors are worried that inflation will intensify, and the tight monetary policy of the Federal Reserve will continue. The yield of the 10-year U.S. Treasury bonds will rise to 3%, and the gold market will fall under pressure. The highest price of gold is 1857.9.

USD, with the lowest price of USD 1840.7, closed at USD 1842.1, down USD 9.

For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator.
https://t.me/mingtak



Previous Article Next Article