Weekly

August 29th

Today's amplitude range

U.S. economic data showed a strong performance on Thursday. Powell, chairman of the U.S. Federal Reserve, put an eagle in the annual meeting of the global central bank, saying that he was not satisfied with the low inflation in July.

It is reported that the policy can't be relaxed too early, and it is stated that the interest rate hike cycle will reach 4% next year, with the US dollar outshine others, and the price of gold will continue to be under pressure. In addition, Europe fought in Russia and Ukraine.

As a result of extreme weather, food and energy prices soared, and inflation in the UK was so severe that there was a strike tide, that is, eastern and western Europe were facing the threat of economic recession.

It has further supported the strength of the US dollar, which is not conducive to the upward development of the gold price. The suggested volatility today is $1,727 to $1,743.

Last week, Hong Kong stocks fell first and then rose. In the first three days, Hong Kong stocks took on the previous week's decline. However, after the typhoon saddle, the country continued to have good news. Li Keqiang last week

Presided over the executive meeting of the State Council, saying that in order to consolidate the foundation of economic recovery and development, 19 successive policies and measures to stabilize the economy will be deployed, and it is decided to increase by 300 billion yuan to

Last Friday, China and the United States reached an agreement on the audit of China's stock market. The Hang Seng Index only got one and a half trading days.

It fell down and rose, closing at 20170. In a week, the Hang Seng Index rose 397 points or 2.01%, ending its two-week decline; However, U.S. stocks plunged more than last Friday.

3%, Hong Kong stocks can't be immune, and the 20,000-point mark is hard to hold!

The long-awaited annual meeting of the global central bank finally opened last Friday. As the representative of the American owner, Powell, chairman of the US Federal Reserve, took the lead in speaking, saying that in July

This low inflation data is welcome, but it is not enough to convince the Federal Reserve that the upward trend of inflation is declining, and it is necessary to see more evidence and then slow down the rate hike.

The pace is appropriate, and the warning of history is not to relax the policy too early. He also said that higher interest rates would bring pain to families and businesses.

It is likely that the environment will weaken and bring some pain to families. These are the unfortunate costs of reducing inflation, but the failure to restore price stability will mean more.

Pain. And announced that according to the economic forecast in June, the median federal funds rate will be slightly lower than 4% by the end of 2023, but how much will the rate increase be in September? Fed officials

We still need the latest data to make a decision.

Powell, the chairman of the US Federal Reserve, put an eagle in the annual meeting of central banks around the world. The market expects that the probability of the Fed raising interest rates by 50 and 75 points in September will change from June 4th to 1st.

Half. Bao Lao's remarks shook the financial market. New york's three major stock indexes bear the brunt, with a small stock market crash, with a one-day drop of more than 3%. In a week, Dow Jones refers to

The index fell by 4.22%, the S&P 500 index by 3.89% and the Nasdaq Composite Index by 4.44%. European stock markets were inevitably affected, with an average drop of over 1% on Friday.

In a week, Germany's DAX index fell by 4.23%; Paris CAC index fell by 3.41%; Britain's FTSE 100 index fell by 1.63%.

Powell's remarks at the annual meeting of the global central bank indicate that the policy of high interest rate increase will continue to be implemented, and the market expects that the probability of raising interest rate by 50 and 75 points will change from June 4 to 1.

Half a hour later, the US dollar stood out, the US dollar index approached 109 points, and the gold market suffered a setback. Friday's decline almost offset the increase of the first three trading days, and the price of gold went up.

The highest weekly price was $1,765.6, and the lowest price was $1,727.9, closing at $1,738.1, with a cumulative decline of $9.4 per week.

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