Weekly

March 17

Today's amplitude interval

The collapse crisis of European and American financial groups emerged, including the intervention of the Swiss central bank and the provision of funds with many big banks on Wall Street, and the market gradually calmed down liquidity.

Crisis, risk aversion fell slightly. On the other hand, the European Central Bank said that it was worried that any decision to suddenly give up raising interest rates by 0.5% would trigger market fear.

Panic, raising interest rates by 0.5% as planned, the US dollar index fell accordingly, and the gold market was close to flat. The financial turmoil will take a break, risk aversion will cool down, and gold prices will be under pressure in the short term.

Today, the suggested volatility is maintained at $1906 to $1930.

The Credit Suisse crisis triggered a sharp decline in European and American bank stocks every other night, and Hong Kong stocks once again followed the external atmosphere. Financial groups in Europe and the United States went bankrupt, and the investment market atmosphere.

Once again, Hong Kong stocks opened 340 points lower, while international financial stocks listed in Hong Kong continued to be under pressure, generally falling by 2% to 5%, and the Hang Seng Index fell by more than 400 at most.

The Hang Seng Index finally closed at 19,203, down 335 points or 1.72%. Although Credit Suisse Group can't win again in the largest shareholder "Saudi National Bank"

However, the Swiss National Bank voiced its willingness to help Credit Suisse to tide over the difficulties. Credit Suisse sent an internal communication to employees yesterday, saying that the Group had integrated the risk management concept.

Great progress has been made in joining the whole group, and the emergency assistance from the Swiss National Bank does not mean that the group cannot survive on its own! European stock market rebounded, Germany

DAX index rose by 1.63%; The CAC index in Paris rose by 2.03%, while the FTSE 100 index in Britain rose by 0.9%.

In the United States, the collapse of the Silicon Valley Bank in the United States triggered a crisis of depositors' confidence in small and medium-sized banks, and the squeeze phenomenon made the First Total Bank also enter a liquidity crisis.

Many large banks in the United States will deposit US$ 30 billion with First Total Bank to increase market confidence, including JPMorgan Chase, which will also invest US$ 5 billion. Previously,

JPMorgan Chase CEO Dimon has said that he will never participate in the government-led rescue plan again. US Treasury, Federal Reserve, Federal Deposit Insurance Corporation,

The U.S. Office of the Comptroller of the Currency issued a joint statement, and U.S. Treasury Secretary Yellen and Federal Reserve Chairman Powell said that banks supported and certified the deposits of the First Total Bank.

Understand the resilience of the banking system. The Fed stands ready to provide liquidity to eligible institutions. Wall Street's three major stock indexes rebounded sharply, while the Dow Jones index rose.

1.17%, the Standard & Poor's 500 Index rose by 1.75%, and the Nasdaq Composite Index rose by 2.48%.

Recently, the collapse crisis of European and American financial groups emerged, and the gold market rose early, reaching a peak of $1,933.5, but the liquidity crisis gradually subsided in the market, including Switzerland.

The intervention of the central bank and the provision of funds by many big banks on Wall Street temporarily stopped the financial turmoil. In addition, the market will relax on the ECB.

Interest rate expectations failed, the European Central Bank still announced a 50-point rate hike, and the euro rebounded against the US dollar. The European Central Bank explained that it was worried about suddenly giving up raising interest rates by 0.5%

Any decision other than this will trigger market panic, which helped the European Central Bank to raise interest rates. The lowest price in the gold market was $1907.6, and finally it was $191.

8.7 US dollars closed up 0.6 US dollars.

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