Weekly

stagflation

2022-06-09

June 9th

Today's amplitude range

As the war in Eastern Europe lasted for more than three months, and the energy and food prices continued to soar, triggering global inflation, the World Bank warned that the global economy had a chance to decline, and the market was concerned about the European interest rate meeting which opened tonight.

And the core consumer price index of the United States to be released tomorrow; The price of gold will still fluctuate between $1830 and $1870. Today, the suggested range of yesterday, namely $1842 to $1864, will be retained.

According to mainland media reports, some online games have been approved by the mainland, and the batch number has been put on the shelves. Contrary to the earlier impression of the President's policy of reaching out to control online games, the market expects that the technology industry will be further regulated.

Songtie, the news stimulated Alibaba and Tencent to rise nearly 10% and 7% respectively. The turnover of Hong Kong stocks also surged to more than 800 billion yuan, and the Hang Seng Index finally closed at 22,014 points, up 482 points or 2.2%.

Hong Kong stocks were active in buying yesterday, rising above 22,000 points. Today's uptrend is expected to continue. Due to the Russia-Ukraine war, the World Bank sharply lowered its economic growth forecast for Europe in 2022, which was predicted from January this year.

4.2%, a sharp cut of 1.7% to 2.5%, which added to the gloom of the risk market. In addition, the market was observing the European interest rate meeting which opened tonight. The three major European stock indexes fell across the board, and the German DAX index fell by 0.77%.

Paris CAC index fell 0.8%; Britain's FTSE 100 index fell 0.1%.

Global inflation continues to rise, and the World Bank lowered the global growth rate to 2.9% this year. At the same time, it sounded the alarm that if the inflation rate continues to be high, it may cause stagflation. Investors are worried about the economic slowdown,

U.s. stocks end two consecutive gains. The three major Wall Street stock indexes fell across the board, with the Dow Jones index falling 0.81%; The S&P 500 index fell 1.08; The Nasdaq Composite Index fell 0.73%. With more than three wars in eastern Europe

In June, the rising energy and food prices triggered global inflation. The World Bank warned that the global economy had a chance to decline. The market was concerned about the core consumer price index of the United States to be released tomorrow, and the gold market fluctuated all day. There were

The volatility increased, with the highest price of gold reaching $1,859.7 and the lowest price reaching $1,844.6, closing at $1,853.2, up by $0.9.

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