Weekly

July 28th

Today's amplitude range

As expected by the market, Fed officials unanimously approved another 0.75% interest rate increase. After the interest rate meeting, Federal Reserve Chairman Powell said that the future economic outlook is unclear and interest rate increases are coming.

In action, we will respond according to the data. According to market analysis, Powell has actually seen the signal of falling house prices, and the number of new jobless claims has risen for seven weeks in a row, waiting for the salary to fall.

It is expected that Powell will only come out as an eagle, and the gold market will enter a turning point. The enterprise's $1,750 will reverse the recent decline, and it is expected that it will consolidate today. Today's suggested volatility is $1,728 to

745 dollars.

Gaenssler, chairman of the US Securities and Exchange Commission, said that there was still no consensus with mainland auditing standards, and stressed that auditors must be able to make contributions to overseas companies listed in the United States.

And accountable audit, auditors will not be allowed to work in China and Hong Kong before the two countries reach an agreement on the audit standards. On the other hand, China Securities Regulatory Commission is studying to encourage foreign countries.

The company's listing in China also supports the legal compliance of Chinese companies to list overseas, saying that it is studying to expand and optimize the plan named "Huluntong", which seems to be the reason why China Stock Exchange was listed in the United States.

Be prepared when you are forced to withdraw from the market.

The market is concerned about the result of the Fed's interest rate increase, and the turnover of Hong Kong stocks is less than 100 billion yuan for four consecutive days. China and the United States failed to reach a framework agreement on the review of accounting papers, and increased the withdrawal of China Stock Exchange in the United States.

The crisis in the market affected the atmosphere of the market. In addition, interior houses and property management stocks became the target of sale again. Country Garden and property management company Country Garden services fell by 15% and 22% respectively, and the Hang Seng Index was low.

After opening 212 points, we couldn't reverse the disadvantage, and finally closed at 20670, down 235 points or 1.13%. It is expected that the Federal Reserve will announce a 75-point interest rate increase this week, and investors were worried about a radical increase.

Whether the pace of interest rate will plunge the economy into recession, the European stock market retreated as soon as possible. But yesterday, the market accepted the expected increase, and European stocks rebounded slightly. The three major European stock markets finally rose across the board, Germany

The national DAX index rose by 0.53%; Paris CAC index rose by 0.75%; Britain's FTSE 100 index rose 0.6%.

The Federal Reserve announced at 2: 00 this morning that the members voted unanimously, that is, 12 to 0, to approve the result of this 75-point interest rate increase. In the statement of the interest rate meeting, it is shown that the Federal Reserve Board

We will still pay close attention to the risk of inflation. Inflation is still high, and food and energy prices are rising. Under the shortage of supply chain, there is still pressure to increase prices, which describes the weak expenditure and production.

However, the employment growth is strong, so we will be prepared to adjust the policy as appropriate, and will accelerate the scale reduction in September as planned, raising the monthly reduction limit of mortgage-backed securities to $35 billion, while

The monthly reduction limit of national debt will rise to $60 billion.

At the press conference, Federal Reserve Chairman Powell described that the economic growth will be lower than the trend level for a period of time, the possibility of soft landing will be obviously reduced, and he is concerned about the employment situation. Powell said,

At present, the employment situation is strong, and the wage level is also increasing, which is inconsistent with the performance of the economic recession. It is necessary to make the labor market weak, so that inflation can fall back. no

Can provide clear guidance as before, and will not provide specific forward-looking guidance for the September meeting, saying that based on the data, it may be appropriate to raise interest rates sharply at the next meeting; With the increase of interest rate,

It may also be appropriate to slow down the rate hike!

As expected by the market, the Fed officials approved another rate hike of 0.75% by 12-to-0, while Federal Reserve Chairman Powell said after the interest rate discussion that the future economic outlook is unclear. In the future rate hike,

In response to the data, it failed to provide forward-looking guidance, suggesting that it is possible for the next September meeting to make a bigger interest rate hike or slow down the rate hike. Market analysis Powell has actually seen

The signal that house prices are falling, and companies are beginning to reduce recruitment. Inflation has been controlled to some extent. It is not excluded that what he called "a greater interest rate hike" is just an expectation management. Wall Street

The big index soared, and the Dow Jones index rose by 1.37%; The S&P 500 index rose 2.26%; The Nasdaq Composite Index rose 4.26%.

In the early part of the gold market, the Federal Reserve raised interest rates this week. Under the expected 75-point effect, the price of gold was sold in the early part, and the lowest price dropped to $1,711.6. The announcement was made at the meeting on interest rates and Powell, chairman of the Federal Reserve.

After the discovery, the market interpreted that the inflation in the United States was controlled to some extent, and Powell just came out to play the eagle. Instead, the price of gold rose sharply, reaching a maximum of $1,740.3, and finally closed at $1,734.6, up 17.1.

Dollars.

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