Weekly

Shake up and down

2022-07-26

July 26th

Today's amplitude range

Lagarde, president of the European Bank of History, was hawkish, saying that in order to bring inflation back to the target level, the central bank would spare no effort to raise interest rates as needed. The price of gold had risen to 1736.

Dollar, but the market turned its attention to this week's Federal Reserve interest rate meeting, and the price of gold softened. It is expected that the price of gold will still fluctuate around $1,722, and it is still more appropriate to build short positions on rallies.

Maintain the recommended volatility of $1,710 to $1,728 yesterday.

The opening of Hong Kong stocks followed the decline of U.S. stocks last Friday, with a maximum drop of more than 250 points. However, yesterday afternoon, the news that the collective supply cut off finally caught the attention of the mainland government, and some media reported the mainland administration.

The government was afraid that the explosion of houses would eventually hurt the financial system, so it took the lead and told the State Council to approve 300 billion yuan to provide debts to specific developers to help them.

Finish the building. Due to the mainland government issuing special real estate bonds to "maintain stability", the property and property management stocks rose by 2% to 10%, which helped Hong Kong stocks narrow their decline. The Hang Seng Index finally closed down by 46%

Or 0.2%, closing at 20562.

European stock markets were low and then high yesterday. Affected by the decline of U.S. stocks last Friday, the European stock market opened lower. Last week, the European Central Bank announced a 50-point interest rate increase, this time after 11 years.

To raise interest rates, and at the same time announced that the European Central Bank ended the eight-year era of negative interest rates. Bank stocks stood out and reversed the market tension. The three major European stock markets finally

Individually, Germany's DAX index fell by 0.33%; Paris CAC index rose by 0.33%; Britain's FTSE 100 index rose 0.41%. Investors wait and see this week's Fed meeting on interest rates,

In addition, a number of giant companies will publish their results this week, and the performance of US stocks has been repeated. It is expected that the Federal Reserve of the Market Alliance will announce a 75-point interest rate increase this week, but investors are more worried about the radical increase.

Whether the pace of interest rate will cause the economy to fall into recession, as shown by the Dallas Fed Manufacturing Enterprise Activity Index yesterday, the continuous decline of enterprise activity seems to reflect the unfavorable economic outlook.

The three major Wall Street indexes finally went up and down, and the Dow Jones index rose by 0.28%; The S&P 500 index rose by 0.18%; The Nasdaq Composite Index rose and fell by 0.43%.

The European Central Bank announced a rate hike of half a percentage point last week. Lagarde, president of the European History Bank, was hawkish in an interview with the German media, saying that in order to bring inflation back to the target level, the management committee

Will spare no effort to raise interest rates as needed. The European Central Bank emphasized the interest rate hike, forcing the US dollar to fall back to 106.2, and did it for the bulls in the gold market. The highest gold price was 1736.3.

Dollar, but the market turned its attention to this week's interest rate meeting of the Federal Reserve. In this case, the yield of US bonds rose, and gold helped the price soften, dropping to the lowest of $1,714.8, and finally closing at $1,719.9.

City, down $7.9.

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