Weekly

August 17th

Today's amplitude range

The latest data on the number of new housing starts in the United States dropped to the lowest level in the past 18 months, reflecting the rising interest rates in the United States, which made it difficult for consumers to buy their own homes.

The expectation of a 50-point interest rate increase by the Federal Reserve continues to rise; On the other hand, the U.S. retail industry is doing well, and the market expects the U.S. economy to soften under the policy of raising interest rates.

Lu consolidated the strength of the US dollar, and the price of gold fell in a narrow range yesterday. I still believe that the gold price will be consolidated below 1800, and the bulls are still waiting for the opportunity to regain sovereignty. Today's suggestion

Volatility of $1,765 to $1,780.

Recently, the mainland market is facing difficulties in financing, and the People's Bank of China has opened the door to convenience. Contrary to the general environment that most countries in the global economy are tightening monetary policies, the revenue is unexpected.

Lower the medium-term lending rate, with the news that Hong Kong stocks opened 66 points higher. However, in the afternoon, the news that Tencent would sell its shares in Meituan broke the market and the Hang Seng Index.

It fell nearly 400 points at most, closing at 19,830 points, down 210 points or 1.05%. The European economic outlook index released by the European Center for Economic Research points to pessimism, although the number reaches

Negative 55 points, but still higher than the market expectation. However, the three major European stock markets have risen for five days in a row, but the market is also wary of the market outlook. In these two days, investors are still focusing on risks.

Low defensive shares, yesterday it was the turn of resource shares and public shares to lead the inflation market, and the German DAX index rose by 0.68%; Paris CAC index rose by 0.34%; British FTSE

00 index rose by 0.36%.

Yesterday, Wal-Mart and Home Depot, the retail giants, announced better results than market expectations, stimulating the rise of US stocks, but investors raised their hands to sell Chinese stocks with technology sectors.

The Nasdaq Composite Index, dominated by technology stocks, fell by 0.19%, the S&P 500 rose by 0.19, and the Dow Jones index rose for the fifth consecutive time.

Last trading day, it rose by 0.71% yesterday. However, US President Biden has just signed the "Inflation Reduction Act" worth $750 billion, among which there are unfavorable corporate buybacks and unfriendly ones.

Policy, may affect the market rally.

The latest data on the number of new housing starts in the United States was released. Last month, the number was less than 1.5 million, down by nearly 10% from the previous month, which was the lowest level in the past 18 months. How much reflects the profit of the United States

The rate of increase has made it difficult for consumers to buy a home! One more piece of data points to the effectiveness of the Fed's interest rate hike policy against inflation growth, which consolidates the strength of the US dollar, which refers to

After rising for two days in a row, the gold price closed slightly lower under a narrow fluctuation, with the highest gold price reaching $1,783.2 and the lowest gold price reaching $1,771.5, and the closing decline narrowed slightly to $1,775.8.

The dollar closed down by $3.80.

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