Weekly

October 11th

Today's amplitude range

US President Biden's government announced new sanctions against China, restricting US companies from selling semiconductors, chips and related manufacturing equipment to China, highlighting the US going to

The price of China's determination is the rising factory cost, which is passed on to the consumer market, resulting in higher prices. In addition, the oil exporting countries announced a sharp reduction last week.

Production, the international energy crisis is heating up again, further stimulating inflation; Finally, the U.S. labor market is still hot under the repeated interest rate hikes of the Federal Reserve, supporting the Federal Reserve.

Hawkish view, the yield of 10-year U.S. Treasury bonds once approached 4%, which was unfavorable to the bulls in the gold market. The suggested volatility today is $1,660 to $1,676.

The non-agricultural data released by the United States last week showed a strong performance, indicating that the Federal Reserve has successively raised interest rates in the past few months in the hope of suppressing inflation by tightening the policy.

One of the indicators is the failure to cool down the hot labor market. Investors are worried that the Fed's interest rate hike is expected to heat up, and U.S. stocks plunged last Friday. Hong Kong stocks follow outside

Around the decline, the cumulative increase last week was 517 points. The Hang Seng Index opened nearly 300 points lower, and even though Beishui returned, it was still difficult to support the market, with Hong Kong stocks falling by 565 at most.

The closing decline narrowed slightly, still falling by 523 points or 2.95%.

After Russia annexed Crimea in 2014, the bridge connecting the Crimean Peninsula, which took four years to build, exploded last week, triggering Russia and Ukraine again.

With the conflict between countries, Russian President Vladimir Putin changed hands, and the market expects that the war in Eastern Europe will escalate and last longer. War risk affects market sentiment, Europe

Three major stock markets fell, and Germany's DAX index fell by 0.01%; Paris CAC index fell by 0.45%; Britain's FTSE 100 index fell 0.43%. US President Biden's administration

The government announced new sanctions against China, restricting American companies from selling semiconductors, chips and related manufacturing equipment to China, representing Nasdaq Composite, a technology stock.

The index has been at a low level for more than two years, closing down by 1.04%.

However, due to the escalation of the war in Eastern Europe and the expected increase of interest rate by the Federal Reserve, the risk market has been put under pressure, with the Dow Jones index falling by 0.32% and the S&P 500 index falling.

0.75% down. Affected by the epidemic, the global supply chain began to break, while the Sino-US conflict broke out, and the market went to China, speeding up the price increase. The oil exporting countries were

Last week, it announced a sharp cut in production, which further stimulated inflation. In addition, the latest non-agricultural data released by the United States last week showed a strong performance, which supported the hawkish view of the Federal Reserve. Ten years in the United States

The yield of treasury bonds once approached 4%, and the price of gold fell under pressure. The highest price of gold yesterday was $1,699.9, and the lowest price was $1,665.8. The closing decline narrowed, and finally

$668.3 closed, down $26.7.

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