Weekly

October 25th

Today's amplitude range

Except Japan and China, most central banks around the world use interest rate hikes to curb inflation; However, Ji Jinping is the second president, and the market expects that the economic planning will

Tending to the extreme left, becoming neo-communist, the market lacks confidence in China's prospects, the offshore RMB has collapsed, the US dollar index is relatively strong, and the gold price closed down yesterday.

Field. The yield of US dollar index and US ten-year Treasury bonds hovered at a high level, and it is expected that the price of gold will remain under pressure. Suggested volatility today is $1,640 to $1,664.

At the end of the 20th Congress of the Communist Party of China, Ji Jinping broke the routine and became president for the third consecutive term. The market was concerned about the shift change of the new official in charge of finance and finance.

However, it is expected that the new prime minister will lean to the extreme left, because in terms of seniority, Li Keqiang, who is more enlightened, is not on the list of the new the Central Commission for Discipline Inspection of the Chinese Communist Party Standing Committee, which proves the enlightened economy.

It's not the tea of the chairman of the idea collection. It is expected that the market economy measures will be more inclined to the common prosperity policy put forward by Chairman Ji, and also more inclined to the new communism and China economy.

The prospect is difficult. Hong Kong stocks opened lower and closed lower, falling more than 300 points at the opening. In the afternoon, the decline turned sharp, with a maximum of 1,128 points, closing at 15,180 points, down 1,030 points or

6.36%。

British Prime Minister Zhuo Hui went to Taiwan in the afternoon, bearing political consequences for the hastily approved tax reduction plan; And the former prime minister Johnson, who will make a comeback in the market, announced that

Instead of competing for the leader of the Conservative Party, former British Chancellor of the Exchequer Xin Weicheng became the only candidate for the leader of the ruling Conservative Party and will become the next prime minister. Anticipate British political turmoil

Coming to an end, the stable political situation is conducive to the officials in charge to focus on economic issues. In addition, yesterday, the US stock market soared, and the three major European stock markets rose continuously.

On the third day, the DAX index of Germany rose by 1.61%; Paris CAC index rose by 0.66%; Britain's FTSE 100 index rose by 1.59%.

The decline of the purchasing managers' index in the United States shows that the continuous interest rate hike by the Federal Reserve has finally shaken the rising trend of worsening inflation, matching with the pigeons of Federal Reserve officials last week.

In terms of wording, the market predicted that the Fed would raise interest rate by 75 points to 95% in November, which had completely forgotten Brad's earlier "front-loading" rate hike strategy.

Warning. The three major Wall Street indexes continued to rise, with the Dow Jones index up 1.34%, the S&P 500 index up 1.24% and the Nasdaq Composite Index up 0.82%.

The price of gold rose first and then fell. The gold market continued its upward trend last week during the opening session, rising all the way to a daily high of $1,670.8, then falling back below 1,660, and then continuing sideways.

Until the China stock market closed down by more than 2%, and the RMB collapsed, the conversion price of offshore RMB against the US dollar began to fall from 7.24, and even fell nine times to 7.32, setting a new record.

New low, the US dollar index rose above 112 points again, and the price of gold fell under pressure, reaching a low of $1,644, and finally closed at $1,649.7, down by $8.1.

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