Weekly

Four weeks of rapid decline

2023-02-27

February 27th

Today's amplitude interval

The United States announced that the year-on-year growth rate in January was the first year-on-year increase since September! Obviously, this inflation trend is not what Fed policymakers want to see.

More investors in the market are betting that the Federal Reserve will raise the peak interest rate, the US dollar index will rise above 105 points, and the gold price will fall and hit a low this year. Today's suggestion wave

The picture is $1,806 to $1,822.

Li Keqiang, Premier of the State Council of the People's Republic of China presided over the the State Council executive meeting last week, during which he pointed out that although the economic growth in the Mainland has gradually stabilized, it still faces many challenges.

Business operation is still difficult; According to the market, JD.COM Group will push the subsidy plan of 10 billion yuan to compete with Pinduoduo, implement the top rotten market, implement the policy of hurting yourself before hurting others, and add beauty.

The minutes of the February meeting of the Federal Reserve revealed that a small number of participants supported raising interest rates by 0.5%, and now more economic data indicators are gradually moving closer to the hawkish policy.

Hong Kong stocks fell for four weeks in a row, and the Hang Seng Index reached 20,000 points, closing at 200,010 points, with a cumulative decline of 710 points or 3.43% in a week.


 
Inflation in the euro zone has cooled down slightly. The European Central Bank announced that the consumer price index in the euro zone increased by 8.6% year-on-year in January, which was less than the 9.2% increase in the previous month.

However, inflation in the United States is still hanging in Kaohsiung, the dollar continues to strengthen, and the three major European stock markets are still doomed to fall. In a week, the German DAX index fell by 1.76%;

The CAC index in Paris, France fell by 2.18%, while the FTSE 100 index in Britain fell by 1.57%. The United States announced that the number of initial jobless claims recorded last week was 192,000, with three consecutive figures.

The decline in the week shows that the labor market has strong resilience. Last Friday, the US core personal consumption expenditure price index in January increased by 0.6% month by month.

Higher than the market expectation of 0.40%, the year-on-year growth rate is the first time since September that it has recorded a year-on-year increase!

The market expects that the Federal Reserve will raise interest rates. The yield of two-year bonds in the United States has risen above 4.8%, breaking the new high since 2007. The US stock market has been significantly under pressure.

The three major stock indexes on Wall Street fell more than 3% in a week, the Dow Jones index fell 2.99%, the Standard & Poor's 500 index fell 2.67%, and the Nasdaq Composite Index fell 3.33%. American public

Last week, the number of initial jobless claims fell for three consecutive weeks, which showed that the labor market has strong resilience. This performance not only supports the high price, but also,

The year-on-year increase in the price index of core personal consumption expenditure in the United States in January was the first year-on-year increase since September! Obviously, this inflation trend is not determined by the Fed.

What policy makers want to see is that more investors in the market are betting that the Federal Reserve will raise the peak interest rate. The gold market has seen a new low this year under pressure, and the lowest price of gold last week was 1809.

Dollars, the highest at $1,847.6, closed at $1,811 on Friday, down $31.6 a week.

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