Weekly

July 6th

Today's amplitude range

The European Union is facing the problem of financial fragmentation, and the bond yields among member countries are wide, which hinders the role of the European Central Bank in monetary policy, and has a better chance to lead to Europe.

During the economic recession, the exchange rate of the euro against the US dollar fell to a new low in nearly 20 years, and the US dollar index rose by nearly 106.8, the highest level in the past 10 years. The US dollar strengthened and became the gold price yesterday.

The reason for the bad walk. The market pays attention to the minutes of the meeting released by the Federal Reserve tonight, and the non-agricultural data of the United States after that. The suggested volatility today is $1,762 to $1,780.

It is reported by the media that US President Biden may announce this week that he will cancel some of the trade tariffs imposed by former President Trump on China, although there are still noises in the market saying that China's tariffs will be reduced or exempted.

The tax time may be postponed, and even Biden has not made a final decision; However, the news is rampant and there is a great chance of success. One of the reasons is that the inflation rate in the United States is extremely high.

The government hopes to reduce imported inflation to benefit the people's livelihood. Secondly, it hopes that the effect of tax reduction will help the mid-term elections. Mainland announced purchasing manager of service industry

The index is back on the dividing line between prosperity and decline, and Hong Kong stocks open more than 200 points higher. Adding the upload to the United States will exempt some import tariffs on China. The Hang Seng Index has risen by 368 points at most, surpassing the level of 22,000 points.

However, the Shanghai and Shenzhen stock markets turned around and closed down, and Hong Kong stocks once turned red, finally rising 22 points or 0.1% to 21,853 points. Although the Hong Kong stock market ended its two-day losing streak, it rose from a high level.

Insert 400 points, the pressure is not too small, and it may fall further.

 
The EU is facing the problem of financial fragmentation. Guindos, deputy governor of the European Central Bank, once said that the excessive differentiation of government bond yields will lead to financial instability, if it is fragmented

Continued, it is not ruled out that there will be another European debt crisis in the medium and long term. At the same time, investors have insufficient confidence in the future. The investor confidence index of 19 countries in the euro zone has fallen to the lowest level in two years.

Reflecting that Europe will face an inevitable recession prospect, the exchange rate of the euro against the US dollar has fallen to a 20-year low. All three major European stock markets have fallen by more than 2%, and the DAX index of Germany has fallen by 2.91%.

Paris CAC index fell 2.68%; Britain's FTSE 100 index fell 2.86%.

To combat inflation, the Reserve Bank of Australia raised interest rates for the third consecutive month, and yesterday announced that it would raise the main lending rate by 0.5% to 1.35%. Australia's central bank's interest rate hike triggered investment.

Worried, worried that the global central bank will adopt a more aggressive interest rate hike strategy to curb inflation, which will eventually lead to economic recession. U.S. stocks opened following the decline of European stocks, with a decline of 1%

2%, but factory orders in the United States rose by 1.6% month by month in May, which was much higher than expected. In addition, the market is still concerned about the minutes of the June meeting released by the Federal Reserve tonight. The three major indexes on Wall Street are the highest.

In the end, the Dow Jones index fell by 0.42%; The S&P 500 index rose by 0.17%; The Nasdaq Composite Index rose by 1.75%. After the American Independence Day holiday, the gold market wears it again.

US$ 1800, the worst is US$ 1763.9. Investors lack confidence in the European economy. It is expected that the European economy will face a recession, and the exchange rate of the euro against the US dollar has fallen to a 20-year low.

The U.S. dollar index rose nearly 106.8, the highest level in the past 10 years. The strength of the U.S. dollar became the main reason for the decline of gold price. The gold price peaked at 1812.2 U.S. dollars yesterday and finally reached 1764.9 U.S. dollars.

Yuan closed, down $43.2.

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