Weekly

October 17th

Today's amplitude range

The inflation data has once again affected the market. Although the market expects the Fed to raise interest rates by 75 points in November, it is a foregone conclusion, but Fed Brad's method of "raising interest rates ahead of schedule"

Fear of the market has contributed to the strength of the U.S. dollar index and the yield of ten-year government bonds. Last week, the decline of the gold market widened, indicating that the price of gold is still easy to fall but difficult to rise in the short term. Jianri

The amplitude of the discussion ranges from $1,630 to $1,655.

The increase of broad money supply in the Mainland is obviously different from the global tightening monetary policy. There is certainly the idea of saving the market behind it, but the RMB seems to keep going.

Weak, the People's Bank of China said on Wednesday that it would not allow the foreign exchange market to push down the RMB excessively, but the market accelerated the selling of RMB. The onshore price of RMB against the US dollar yesterday.

The market closed down nearly 300 points, hitting a two-week low. The investment situation reflects investors' pessimism about China's economic prospects. As a window to the mainland, Hong Kong shares are also associated with it.

The selling pressure still exists. Although the mainland stock market celebrated the 20th CPC Congress last Friday, it once helped Hong Kong stocks regain the 17,000-point mark, but in the end

Unable to hold steady. In a week, the Hang Seng Index dropped 1,152 points or 6.5% to close at 16,587 points.

The European Central Bank tried to test how the best interest rate trend can effectively control inflation with a model. Finally, the model concluded that the interest rate consistent with the target was set at 2.25%, which was low.

At the market expected interest rate, the current market forecast is higher than 3%. The news revived the European risk market, and the German and French stock markets rose. In a week, the German DAX

The index rose by 1.34%; Paris CAC index rose by 1.11%; British Prime Minister Zhuo Huisi abandoned his car to protect his handsome, and Guan Haoting's resignation was intended to give up his earlier proposal.

The scale tax reduction plan with no source of funds, which has disrupted the UK financial market and caused political instability in the past three weeks, caused the FTSE 100 index to fall by 1.89 last week.

%。

U.S. stocks performed repeatedly last week, and finally they couldn't escape falling. US President Biden's government announced new sanctions against China, restricting US companies from selling high-tech equipment to China.

Products, together with the failure of New Oriental to provide accounting papers to the SEC for auditing, triggered the delisting crisis of China Stock Exchange again, which kicked off the decline of US stocks.

In addition, the consumer price index of the United States is higher than expected, and the market is jittery. In the shadow of the interest rate increase of the Federal Reserve and the United States, the three major indexes of Wall Street fell last week, Jones said

The index fell by 1.15%, the S&P 500 index by 1.55% and the Nasdaq Composite Index by 3.11%.

The consumer price index released by the United States last week is higher than expected. Although the market expects the Federal Reserve to raise interest rates by 75 points in November, it is a foregone conclusion, but the Federal Reserve Brad is on the

On Friday, the hot inflation data failed to show the rate increase of the Federal Reserve, and the inflation data was often higher than the level originally predicted by officials. He said that by

As inflationary pressure heats up, it is necessary for the authorities to adopt a "front-loading" strategy, indicating that the rate of interest rate increase in the future may be higher than 0.75%. According to the expression, it is possible to make November

100-point interest rate increase, 25-point interest rate increase or 50-point interest rate increase in December. In short, it is the rate increase after overdraft, making a more rapid rate increase path, and in 2023.

There is no hope of interest rate reduction. Last week, the price of gold fluctuated and fell, with the highest reaching $1,700, the lowest falling to $1,640.3, and finally closing at $1,644.5. Sum up a week, the price of gold

It fell by 50.5 dollars.

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