Weekly

August 12th

Today's amplitude range

A number of data show that inflation in the United States seems to have peaked, but the market expects that the Fed is still not satisfied with the current inflation environment, and the pace of raising interest rates will not stop. Gold price is still subject to

Contain, the gold price will be consolidated between $1,780 and $1,800. The suggested volatility today is $1,780 to $1,794.

With the consumer price index released on Wednesday showing that the inflation in the United States seems to be peaking and dropping, the market expects that the Fed's interest rate hike will decrease slightly, and US stocks will rise sharply.

Yesterday, Hong Kong stocks took on the upward trend of new york stock market, and completely recovered their lost ground at an early date. The Hang Seng Index opened more than 200 points higher, and finally rose 471 points or 2.4% to close at 20082 points. Although the Hang Seng Index has returned

20000 points, but the market turnover is still below HK$ 90 billion, which shows that investors are wary of the market outlook and their motivation is still insufficient!

Benefiting from the performance of retailers such as department stores and famous brands, coupled with the satisfactory performance of the financial sector, European stock markets performed well in the early stage, but American economic data showed that the economy was going downhill.

Weakened the investment atmosphere, the three major European stock markets have their own directions, and the German DAX index fell by 0.07%; Paris CAC index rose by 0.33%; Britain's FTSE 100 index fell 0.51%.

The economic data released by the United States last night showed that the economy was slowing down. In July, the producer price index fell by 0.2% month by month, which was the contraction again since April 2020; Shangshang zhoushen

The number of people receiving unemployment benefits has risen again, and the big picture of the economy is moving in the direction that the Federal Reserve wants. Although it is still a long way away, the past interest rate hikes have proved effective in suppressing prices!

The three major stock markets on Wall Street were in a downturn, with the Dow Jones index rising by 0.08%; The S&P 500 index fell 0.06%; The Nasdaq Composite Index fell 0.58%. Gold market to undertake the decline, Asian market.

Once fell to $1,783.6. The consumer price index released on Wednesday shows that the inflation in the United States seems to have peaked and declined. The producer price index released in July yesterday,

Also pointing in the same direction, due to the recent drop in the most energy cost, the latest monthly data of manufacturing industry recorded a decline of 0.2%, which was after the emergence of "negative oil price" since the Covid-19 pandemic.

Another negative growth! The fall in inflation helped ease the pace of the Fed's interest rate hike, with the highest price of gold rising to $1,799.4. However, the price rise was only a flash in the pan, and the price of gold finally closed at $1,789.5.

It fell by $2.8.

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