Weekly

December 5th

Today's amplitude range

China's epidemic prevention policy was suddenly relaxed at the peak of the epidemic. It is expected that China's economic activities will resume as soon as possible, which will help solve the global supply chain shortage problem.

Ease the pressure of global inflation growth; In addition, although inflation in the euro zone has dropped, the figure is still 10% of double digits, and the European Central Bank will still increase it substantially.

Interest rate. The U.S. dollar has softened relatively. Although the Federal Reserve has turned pigeons, it is expected to raise interest rates by 50 points. After all the good news in the gold market, if there is no new chemoattractant, the gold market

It's also difficult to break above $1,800. Since it's not easy to break through, I tend to test the bottom bearing capacity again and again next week. If there is no new chemoattractant in the gold market, please pay attention to 18

00, today's volatility is suggested at $1797 to $1814.

The epidemic situation in the mainland is still severe, and the mainland government insists on implementing the dynamic zero clearing policy. The move of sealing off districts and cities finally provoked the general public to rebound, and the "White Paper Operation" blossomed everywhere.

The mainland government has an insight into the political crisis. Because of the long-term blockade in the past three years, people's grievances have been extremely deep, and the terrorist visits and demonstrations are out of control. the State Council called last Tuesday.

A press conference was held, saying that the long-term closure really affected the people's normal production and living order, and the local government's law enforcement was too strong, so it was ordered that it must be corrected.

Positive. One day after the announcement of the Order, the Guangzhou government, which has the most cases of infection in the Mainland, suddenly issued a notice, calling it the optimization of prevention and control measures, and several regions immediately lifted the temporary measures.

Control area. The market expects that the mainland will abandon the zero clearing policy completely, China's economy will resume normal and accelerate, and the Hong Kong stock market will rise strongly, once rising through the 19,000 mark, and going up.

It closed at 18,675 points a week, rising by 1,102 points or 6.27% a week.

Last week, China suddenly relaxed its epidemic prevention measures, and investors hoped that mainland policy makers would adjust the definition of epidemic prevention with dynamic clearing, which would help normalize the global supply chain.

In addition, Powell, chairman of the Federal Reserve Board, said that it is possible to slow down the rate hike at the last meeting of interest rate this year, and stimulate the risk asset market. European stock markets

Since its development, the German stock market, which has been rising for eight weeks in a row, has finally stopped, and the German DAX index has dropped by 0.08% in a week; Britain's FTSE 100 index rose by 0.93%; Paris, France

CAC index also rose by 0.44%.

A number of data from the United States showed that the GDP grew by 2.9% quarter-on-quarter, better than expected, while small non-agricultural enterprises recorded a decline, among which the number of people in manufacturing and business services fell.

While the salary survey leveled off, the actual personal expenditure fell quarter by quarter, but the decline was not as good as the market expectation, and the data was biased towards the dovish attitude of the Federal Reserve, while

Powell, chairman of the US Federal Reserve, also lived up to investors' expectations, saying that it might slow down the rate hike from December. New york's three major stock indexes rose across the board last week, saying

Jones index rose by 0.24%; The S&P 500 index rose by 0.92%; The Nasdaq Composite Index rose 2.03%.

After Powell, the chairman of the Federal Reserve, said that the interest rate increase could begin in December, Barr, the vice chairman of the US Federal Reserve, released the pigeon again, saying that although the inflation in the United States is still extremely high.

High level, but after a series of sharp interest rate hikes, it has been seen that the tightening of monetary policy has begun to take effect, and it is reasonable to slow down the rate hike when the interest rate is discussed in December.

Practice. The Fed keeps releasing pigeons, and the market expects that the Fed will cut interest rates early. The US dollar index fell below 105 points, and the bull market in the gold market took advantage of the momentum. Last Monday,

It rose above the $1,800 mark, with the highest price at $1,804.1, the lowest price of gold last week at $1,739.7, and finally closed at $1,797.8. In a week, the price of gold

Up 44.2 dollars.

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