Weekly

Euro interest rate hike

2022-07-22

July 22nd

Today's amplitude range

It was predicted that the European Central Bank would announce a rate hike of half a percentage point yesterday. The result was really guessed right. The euro rebounded and rose to its highest level in two months. The US dollar index fell to nearly 106.5, and the price of gold

The swimming range is nearly $40, and the gold market is in a weak position. Yesterday, the market strategy has been explained. It is not optimistic about the market outlook, but speculation in the interest rate increase announced by the European Central Bank, and it is expected to refer to the US dollar.

After a short period of time, the price of gold has increased, and the target has been achieved. Today's suggested volatility is $1,705 to $1,723.

Recently, the Legislative Council of Hong Kong is discussing the implementation of the cyber security law in Hong Kong. According to the general trend, the bill is bound to be passed. It's just the scale of implementation! Mainland China

The Internet Office made a demonstration. Didi violated the cyber security law, the data security law and other illegal acts, and decided to impose an administrative penalty, with a total of 8.8 billion yuan.

Hong Kong dollars. But whether the real reason is as stated by the Internet Information Office is difficult for outsiders to know; It's just that the market has been blowing, and Didi is forced to list in the United States at the moment of Sino-US confrontation, and

It's targeted.

Hang Seng Index is opening lower and closing lower. Hong Kong is about to follow the mainland and implement the cyber security law, which will make Hong Kong enterprises more conservative in managing online information and have the opportunity to increase manpower to handle it.

Make the enterprise cost rise. Of course, ordinary citizens will be in danger, and they don't know which words or deals will lead to jail, which will hit online media communication. Hang Seng Index opens lower.

Closed low, and finally closed at 20,574 points, down 315 points or 1.5%. The European Central Bank announced a rate hike of 0.5% last night. European Central Bank President Lagarde said at a press conference that due to most nuclear

The inflation index has risen, and it is expected that inflation will be at an unstoppable high level for a period of time. The trend of the euro has an impact on future inflation, which explains that the weak euro is even larger.

One of the reasons for the decision to raise interest rates.

The euro's interest rate hike has the opportunity to ease the price increase. Although the European Central Bank started the interest rate hike cycle relatively late compared with Britain and the United States, it is better late than never, and the three major European stock markets rebounded.

The national DAX index rose by 0.27%; Paris CAC index rose by 0.27%; Britain's FTSE 100 index rose 0.21%. Entering the US performance announcement period, Tesla announced its performance after the market closed on Wednesday.

Winning expectations, it rose by nearly 10% yesterday, the market atmosphere became hot, investors rushed to the market, lazy labor data and manufacturing data went bad, and the three major indexes of Wall Street rose for two consecutive days, saying

Jones index rose by 0.51%; The S&P 500 index rose by 0.97%; The Nasdaq Composite Index rose by 1.36%.

It was predicted that the European Central Bank would announce a half-percentage-point interest rate increase yesterday, and the result really came true. European Central Bank President Lagarde said that inflation in the United States and Europe continued to rise and had to raise interest rates by 0.5%.

In addition, she also said that her earlier forward-looking guidance on the interest rate hike in September meant gradual interest rate hike, which was no longer applicable, suggesting that the interest rate hike could be even stronger, and the US dollar index fell to 106.5.

The gold market fell first and then rose, with the lowest price of 1680.9 yuan. After the European Central Bank announced the result of interest rate discussion, the price of gold rebounded sharply by more than 40 dollars, with the highest price of 1720.3 yuan, and finally closed at 1719.2 dollars.

City, up $22.4.

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