Weekly

Cautious optimism

2023-04-12

On April 12th

Today's range

The market was focused on U.S. inflation data and comments from three Federal Reserve committee members that may indicate the Fed has seen a gradual approach to rate hikes

In effect, none of their rhetoric is hawkish; So tonight's US consumer price index will be decisive. Today's recommendation ranges from

Usd 1993 to USD 2015.

Hong Kong stocks returned from Easter holiday gas storage rebound more than 100 points. Inflation has slowed on the mainland, with producer prices yesterday falling for a seventh straight month,

The consumer price index rose 0.7 percent year on year in March, lower than market expectations of 1 percent. New loans on the mainland reached 3.89 trillion yuan in March,

Also higher than expected; In addition, the mainland real estate recovery, housing stocks have seen a long time to see the uptrend, the above news is good for Hong Kong stocks, Hang Seng opened 235 points higher,

Gains pared to close at 20,485, up 154 points or 0.76 percent.

The International Monetary Fund, which forecasts UK inflation, said it would average 6.8% this year, down from 9.1% in 2022

The economic shock. Separately, the Bank of England said it expects slight growth in the second quarter after a slight contraction in the first quarter. Top three European stocks

Across the board, Germany's DAX rose 0.37%; France's CAC index in Paris rose 0.89 percent and Britain's FTSE 100 rose 0.52 percent. Market focus on US

Us stocks lacked clear direction last night after today's consumer price index. Investors took advantage of the latest strength in the U.S. job market, plus oil group countries

Rising global oil prices, driven by domestic output cuts, could put pressure on policymakers at the Federal Reserve, but Fed officials are reserved and investors are wary

Be careful to enter the market; On Wall Street, the Dow was up 0.29 percent, the S&P 500 was up 0.01 percent and the Nasdaq was up 0.01 percent

It was down 0.43%.

The Fed appeared dovish, with three committee members speaking separately, including Williams, who said policy had reached its limit and that U.S. inflation was likely to be gradual this year

Falling back to 3.75 per cent and then to 2 per cent by 2025, with at least one more rate rise, is still a reasonable level, but will be needed if inflation falls, he added

To cut interest rates. Goolsbee, another official, said the Fed had dealt with the impact of 25 to 75 rate hikes in response to recent banking problems

Rate hikes remain cautious. Philadelphia Fed President Patrick Harker, on the other hand, said data-driven decisions must be carefully avoided. beauty

The dollar index came off its highs and gold was back above the $2,000 level, trading as high as $2,007.5 before closing at $2,003.6, up $12.4.

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