Weekly

On May 3rd

Today's range

The market was closely focused on the outcome of the Fed meeting in the early hours of Thursday morning. The number of floating job openings last night indicated a continued slowdown in the labor market. Coupled with the rumors of another blowout at small and midsize U.S. regional banks, gold managed to break through $2,000. A similarly weak non-farm change tonight could change the outcome of the rate hike and gold could challenge this year's high at any time. The gold market by the chemotactic agent and increase explosive power, but the process may become more bumpy, but generally still bullish, breaking 2028 dollars can be considered to add a note. Today's recommendation ranges from $2,008 to $2,025.

According to the China Association of Listed Companies, net profits of domestic listed companies rose 0.8 per cent year on year to Rmb5.63tn last year, with underperformers including hard-hit housing and related banking stocks, as well as consumer stocks exposed to the pandemic. The association's figures briefly boosted Hong Kong shares by 400 points, but profit-taking orders surged, with Hang Seng up just 39 points, or 0.2 per cent, to 19,933, with less than HK $80 billion traded in the broader market in the absence of Beishui, the lowest volume in more than four months.

European stock markets have been hovering high for several days, no major news upward breakthrough, yesterday the US again exploded small and medium-sized regional banks accelerated deposit outflows, again causing market concerns, the overall European stock market adjustment, all three European stock markets fell more than 1 percent, Germany's DAX index down 1.258, France Paris CAC index down 1.45 percent. Britain's FTSE 100 fell 1.28 percent.

The failure of Silicon Valley banks caused the Lotus effect; Shares of Western Alliance Bank and Westpac Banking fell by nearly 30% as fears of a banking crisis continued to linger, with Wall Street's top three stocks falling as jpmorgan Chase took over the bank and prepared to delist it. The Dow fell 1.08%, the S&P 500 dropped 1.17% and the Nasdaq composite dropped 1.08%.

The number of floating job openings in the U.S. fell to 3.9 million in the latest March data, the third straight monthly decline and a near two-year low. The gold market rose above $2000 after the data showed that the demand for labor in the US is slowing, which will help ease the momentum of wage growth and thus limit inflation in the US and ease the pressure on Federal Reserve policy makers to raise interest rates. Gold traded as high as $2,019.5 and as low as $1,978.5 before closing at $2016.6. It's $34.

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