Weekly

November 16th

Today's amplitude range

The producer price index of the United States is lower than the market expectation, reflecting that the inflation data of the United States seems to have peaked, once again easing the pressure of the Federal Reserve to raise interest rates, and the dollar is strong.

The signs of coming to an end are more obvious, and the tone of the gold market is still optimistic. Suggested volatility today is $1,770 to $1,788.

The first face-to-face meeting between China and the United States at the Asia-Pacific Economic and Trade Conference held in Indonesia lasted more than three hours. Chinese President Xi Jinping pointed out that China and the United States are currently closed

It is not in the interests of the two countries, emphasizing that Sino-US relations should not be a zero-sum game in which you lose and I win; China and the United States need to find the right way to get along with each other and promote the two countries.

Relations will return to a healthy and stable development track and create favorable conditions for win-win cooperation. US President Biden stressed that the United States will actively compete, but seek responsibility.

Managing competition effectively, although it can't solve all problems with China, he pointed out that the United States and China must work together to cope with climate change and safeguard the global economy.

Stable. Biden believes that Xi Jinping is willing to compromise on some key issues.

President met with President Biden of the United States. Although the two sides spoke their own words and failed to change their relations, they could see both sides from their attitudes.

Agree that China and the United States, as the largest and foremost economies in the world, have the responsibility to work hard to maintain global economic stability; There is no tit-for-tat exhibition between the two sides.

Wolf Warriors's diplomatic tone is a smooth transition. Yesterday's China data was not satisfactory, but the first meeting between China and the United States made investors look forward to it.

Zhang's relationship will cool down under the six consensus. Hong Kong stocks rose for three consecutive days, and the Hang Seng Index rose 723 points or 4.1% to close at 18,343 points.

The latest European economic data dominate the trend of the stock market. Britain and France released labor data on the same day, and the unemployment rate in Britain rose, and it just won the first place in the European stock market.

France's fell, coupled with the expected GDP in the third quarter of the euro zone, the economic prosperity in the region has improved, and the three major European stock markets have been mixed.

Britain's FTSE 100 index fell by 0.19%; German DAX index rose by 0.46%; Paris CAC index rose by 0.49%.

The first meeting between China and the United States didn't end in discord, and six consensuses were set up to find ways to resolve differences. Investors are hopeful about the improvement of bilateral relations, which is beneficial.

Economic prospect; On the other hand, the US producer price index released yesterday is lower than the market expectation. In addition to reflecting the decline in production costs, enterprises have the opportunity to increase profits.

In addition, it also reflects that the inflation data of the United States seems to have peaked, once again easing the pressure of the Federal Reserve to raise interest rates. All three major stock indexes on Wall Street rose, Dow Jones

The index rose by 0.17%; While the S&P 500 index rose by 0.88%; The Nasdaq Composite Index rose by 1.45%. The producer price index of the United States is lower than the market expectation,

The inflation data of the United States seems to have peaked, once again easing the pressure of the Federal Reserve to raise interest rates. The market predicts that the probability of the Fed raising interest rates by 50 points in December is high.

More than 85%, coupled with the Russian military launching the most frequent missile attacks against Ukraine since the war, and breaking into neighboring Poland, increased the market unease, and the lowest gold price.

$767.1, the highest rose to $1,786.5, and finally closed at $1,778.3, up $6.8.

For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator.
https://t.me/mingtak