Weekly

May 22nd

Today's amplitude interval

The debt ceiling problem in the United States continues to develop in a positive direction. Opposition leader McCarthy said that the debt ceiling bill could be raised in the House of Representatives as early as next week.

After voting, the safe-haven function of gold plummeted. Although the opposition is still twisting, it is only a matter of time before reaching an agreement. The fall of gold price last Monday should have reflected the results of the negotiations.

On the other hand, the chairman of the Federal Reserve, Powell, let the pigeons go, and the market cooled down the speculation that the Federal Reserve would raise interest rates in June. The price of gold will oscillate upward and it can be bought on dips. today

The daily suggested fluctuation range is from $1970 to $1990.

With the announcement of the inclusion of four new shares in the Hang Seng Index, the number of constituent stocks in the Hang Seng Index will increase to 80, and Tencent's position will become more important, and its weight will be increased.

Up to 8%. Tencent will announce its first quarter results last Wednesday. The market expects its median net profit to increase by 15.2% year-on-year, and Tencent's share price is strong.

Only the US debt ceiling problem has a chance to be solved. The strength of the US dollar has softened the RMB, and Hong Kong stocks opened higher and closed lower last week. In a week, the Hang Seng Index fell.

176 points, or 0.9%, closed at 19450 points.

The market is concerned about the debt crisis in the United States. As the debt ceiling in the United States continues to develop well, European stock markets rise closely behind Asian stock markets, although on the market.

On Friday, Speaker of the House of Representatives McCarthy pointed out that due to the lack of action by the Democratic Party, the suspension of debt ceiling negotiations was announced, which limited the rise of the three major European stock markets.

In a week, Germany's DAX index rose by 2.27%, France's Paris CAC index rose by 1.04%, and Britain's FTSE 100 index rose by 0.03%.

US President Biden and opposition leader McCarthy made progress in the negotiations on the US debt ceiling, even though House Speaker McCarthy still said that he would not let go.

Abandoning the negotiation conditions we are striving for, but it is estimated that the entire Republican Party will not dare to take the world by storm, which will directly bankrupt American credit. The market violates the US debt.

About the tension eased slightly, the three major indexes of Wall Street rose across the board, and the Dow Jones index rose by 1.62%. Standard & Poor's 500 index rose 3.54%, NASDAQ.

The gram composite index rose by 1.43%.

The market is concerned about the US debt ceiling. On behalf of the US House Speaker McCarthy who blocked the passage of the bill, he said last Monday that it laid a further foundation.

The basis of dialogue. Schumer, another US Senate Majority Leader who participated in the negotiations, even said that McCarthy agreed to adopt measures based on bipartisan cooperation.

The US dollar index broke through 103 points, and the price of gold fell for three consecutive days. The lowest price of gold fell to $1,952. On Friday, the negotiating table was undercurrent. House Speaker McCarthy refers to

Due to the lack of action by the Democratic Party, the debt ceiling negotiations were suspended. The price of gold rebounded slightly, closing at $1,957.7, down $33.1 a week.

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