Weekly

Global new viruses continue to wreak havoc. As of yesterday, the cumulative number of infected people in novel coronavirus exceeded 16,600, and the number of confirmed deaths increased to over 655,000.

The United States continues to be the country with the largest number of infections in the world with 4.43 million cumulative infections. Last night, the US announced that the Consumer Confidence Index of the Consultative Conference was 92.6, which was worse than the market expectation of 94.5.

It shows that consumers are pessimistic about the economic prospects and tend to reduce spending, while 50% of US GDP comes from local consumption. If the situation continues, it will hit the income of enterprises, and enterprises will cut spending or lay off employees.

As a result, it will be more difficult for the economic recovery to become a vicious economic whirlpool. Affected by the data and the uneven performance of American companies that announced their results yesterday, the Dow Jones index fell 194 points to close at 26,389 points.

Shanghai and Shenzhen stock markets closed up yesterday, up 0.7% and 1.3% respectively. President Xi Jinping delivered an online speech at the annual meeting of the AIIB Council yesterday, saying that China will strive to implement and support multilateralism.

With an open and win-win attitude, we continue to promote "de-economic integration" with AIIB member countries, and seek cooperation with more partners, so as to make globalization more inclusive and develop in a mutually beneficial and balanced direction.

He also called on all countries to face the new pneumonia epidemic, and the whole world should work together to fight the epidemic, put aside the contradictions brought about by economic globalization, and promote active cooperation and mutual support with a more inclusive and effective multilateral mechanism.

Describe unity and cooperation as the "right way". However, the opposites between the Chinese and Western camps have been formed. To improve the relationship, one party must first release goodwill, otherwise the opponent will only feel that it is a mouthful of words, and the final result will still be that it is inevitable that the first world war will be won by all the winners.

The price of gold soared wildly when it opened in the Asian market yesterday, reaching a record high of US$ 1,981.4 per ounce, but immediately after breaking the peak, it triggered a large number of long-term gold investors to take profits and pushed down the price of gold in one fell swoop.

The lowest price is $1,907 per ounce, which is shocking, with fluctuation of $74. It finally closed at $1,958 per ounce. The geographical situation is tense and the number of confirmed cases of pneumonia in the United States is rising.

Coupled with the weak consumer confidence index announced by the United States last night, the price of new york oil futures fell, closing at $41.1 per barrel, down 5 cents, or 1.3%.

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