Weekly

December 30th

Today's range

The 10-year Treasury yield softened and gold rallied on labor data in line with market expectations and hopes of a soft landing for the U.S. economy

Recovery on Wednesday fell, the gold market long short struggle, obviously lack of power, but obviously want to keep $1800 Chinese New Year. Today's recommended range is $1804 to $1822

Yuan. I wish you all a happy New Year!

The three major indexes on Wall Street closed down more than 1 percent overnight, and Hong Kong stocks followed suit yesterday, with the Hang Seng Index opening 250 points lower after a broad customs failure in Hong Kong and China

Instead, China's reintroduction of tourist visas for its citizens has aroused the concern of some countries and tightened restrictions on visits by Chinese nationals.

There may be more disputes! Meanwhile, the Census and Statistics Department announced yesterday that the value of Hong Kong's exports in November plunged by 24.1% year-on-year, the worst performance in nearly half a century

The index fell as much as 360 points to close at 19,741, down 157 points or 0.79 percent.

Europe was buoyed by continued hopes of a recovery in the Chinese economy and easing of global supply chain problems, as well as expected U.S. labor data

Confidence in risk markets, coupled with a hint from Italy's prime minister to the European Central Bank not to raise interest rates too much, took some of the pressure off the three major European stock markets

Gains were broad-based, with Germany's DAX finally down 0.75%; France's CAC index in Paris was up 0.68 percent and Britain's FTSE 100 was up 0.08 percent. Us labor data

In a sign of resilience, yesterday's weekly jobless claims data, while consistent with market forecasts, showed labor demand at the Fed's pace over the past eight months

The three major indexes on Wall Street rebounded sharply, with the Dow Jones Industrial Average up 0.99 percent.

The S&P 500 also rose 1.54 percent and the Nasdaq Composite surged 2.14 percent. The US labor data was in line with market expectations for the US economy

As the likelihood of a soft landing increased, yields on the US 10-year Treasury weakened back to 3.8%, while the dollar index fell slightly, struggling at 103.9,

Gold rebounded to recoup Wednesday's losses, trading as high as $1,820.2 and as low as $1,804.2 before closing at $1,815, up $10.7.

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