Weekly

Look at the sky and hang it

2022-07-01

July 1st

Today's amplitude range

Federal Reserve Chairman Powell expressed his determination to raise interest rates to suppress inflation, suggesting that this year's rate hike will not be soft. Recently, the price of gold was obviously under pressure, and it fell nearly $1,802 yesterday before it rebounded.

Excluding today's try-on of $1,800, the price of gold is still on the way to the bottom, so we can wait for low speculation. Today's suggested volatility is $1,798 to $1,822.

Today is the 25th anniversary of Hong Kong's return to the motherland. President Ji Jinping paid a personal visit to Hong Kong yesterday. Despite the ups and downs, it didn't hurt the warm expectation of a number of senior officials and people from the establishment.

They have isolated themselves in advance and are expected to be with the president of the country. For the ordinary citizen, it is only possible for the sky to hang! The chairman is concerned about the people's feelings, saying, "No housing speculation" makes real estate speculators.

With heavy losses, the domestic property stocks that operate in a highly leveraged way are also facing financial difficulties and bankruptcy crisis! I don't know whether it's a coincidence or a show. Yesterday, the Hang Seng Composite Index was excluded from several places.

And property management shares, including Sunac China, China Evergrande, Shimao Group, Kaisa Group, China Aoyuan and Evergrande Property. The fly in the ointment is that Hong Kong stocks have not reported good news, and

With the decline of U.S. stocks, it finally fell by 137 points or 0.6%, breaking through 22,000 points and closing at 21,859 points.

Russia invaded Ukraine, and western countries imposed sanctions on Russian Putin's aggressive actions and restricted the import of Russian natural gas, hoping to force Putin to withdraw from Ukraine under economic pressure.

Army, but yesterday Putin announced that his war goal remains unchanged, but there may be changes at the tactical level; The US Intelligence Agency confirmed that the Russian-Ukrainian war will enter a longer stage. The prolongation of war

To make the situation in Europe more uncertain, the three major European stock markets fell for two days in a row, and the German DAX index fell by 1.61%; Paris CAC index fell by 1.6%; Britain's FTSE 100 index fell 1.98.

%。 The COVID-19 outbreak cut off the whole supply chain, and the energy price problem caused by the war with Russia and Ukraine finally caused the inflation in the United States to worsen, and the Federal Reserve had to raise interest rates heavily.

To suppress price increases, and the market is worried that the actions of the Federal Reserve will make the economy retrogress;

Last night's data showed that the core personal expenditure was flat compared with last month under the pressure of interest rate hike, and it seems that inflation has peaked. However, the number of unemployed workers in the United States for the first time has risen four times in a row.

Last week, although the salary was increased by 0.5% month-on-month, the personal expenditure dropped to 0.2% in the same period, which was worse than expected, highlighting the social anxiety about the economic prospect. All three major Wall Street indexes fell,

Dow Jones index fell 0.81%; The S&P 500 index fell 0.86%; The Nasdaq Composite Index fell by 1.33%. Federal Reserve Chairman Powell expressed his determination to suppress inflation by raising interest rates.

This newspaper's annual interest rate hike will not be soft. Recently, the price of gold was obviously under pressure. The price of gold fluctuated before and after the release of last night's core consumption data, with the highest rising to $1,825.2, but with the number of residents.

It shows that inflation has an opportunity to peak, and the price of gold has continued to decline, reaching a low of $1,802.8, and finally closing at $1,807.3, falling by $10.5. This week, it has been falling for four consecutive days.

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