Weekly

August 11th

Today's amplitude range

The US consumer price index in the market is expected to increase by 8.7% year-on-year, down from 9.1% in June; However, the newly released data is 8.5%, slightly lower than the market expectation, and the gold price is behind the data.

There is a bumpy trend, with the highest rising to $1,808, but the worst still hasn't fallen below the key point of $1,786 mentioned yesterday. The price of gold will be consolidated between $1,780 and $1,800, with the expected volatility.

Narrow. The suggested volatility today is $1,783 to $1,796.

Mainland consumption released inflation data yesterday. Consumer prices rose by 2.7% year-on-year, mainly due to the sharp rise of raw materials and food, while the producer price index dropped sharply to 4.2%, a decline ratio of

There are many markets, and there is a rumor in the Mainland that interior housing enterprises have misappropriated the trust deposits of buyers. The news that interior housing stocks burst into thunder went away, and the performance of interior housing stocks dragged down the market. The Hang Seng Index finally lost 20,000 points.

Hang Seng Index closed down 392 points or 1.96% at 19610. Recently, the performance of Hong Kong stocks has been sluggish, and it is possible to try again the support close to 19,200 on May 22nd. European stock markets are still dominated by enterprises.

Dominated by the performance, many companies announced good profit performance yesterday, which improved the bearish atmosphere of the market at an early date. In addition, the market saw that the latest inflation in the United States was lower than expected, and the Federal Reserve was expected to raise interest rates by 75 points.

The probability has been lowered, the three major European stock markets have risen across the board, and the German DAX index has risen by 1.25%; Paris CAC index rose by 0.52%; Britain's FTSE 100 index rose 0.36%.

Last night, the U.S. announced the consumer price index last month, which did not record any change on a monthly basis, indicating that the inflation trend is expected to peak. The market expects the Fed's expectation of a sharp interest rate hike in September to cool down.

Ivins, an official of the Federal Reserve Bureau, commented on the performance of inflation data, saying that it is possible to consider slowing down the rate hike cycle, and the expectation that interest rates will soften will be beneficial to the risk market. The three major stock markets on Wall Street rose significantly, saying

Jones index rose by 1.63%; The S&P 500 index rose 2.13%; The Nasdaq Composite Index rose 2.89%. In the early days of the gold market, there was a strong wait-and-see atmosphere, waiting for the latest inflation data released by the United States.

The lowest price ever dropped to less than USD 7 to USD 1,787.6, which entered the US market. The US Department of Commerce and Industry announced that the consumer price index in July increased by 8.5% year on year, which was lower than expected, and the price of gold fluctuated greatly, the highest.

It rose to $1,808, reflecting the signs that inflation seems to be falling. However, the yield of 10-year U.S. Treasury bonds rebounded, and the price of gold came under pressure, closing at $1,792.3, down $2.1.

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