Weekly

May 23 rd

Today's amplitude interval

The problem of the US debt ceiling continues to plague the market. Opposition leader McCarthy said that a debt agreement must be reached this week, extending the meeting to 24 hours, and said

This arrangement is regarded as a failure. Even so, it is only a matter of time before the market expects the two parties to reach an agreement. The price of gold fluctuated within a narrow range and fell below 2000 last week.

The dollar mark should have reflected the results of the negotiations. Today's suggested volatility ranges from $1956 to $1985.

Hong Kong stocks derailed from European and American markets last week, and rebounded on Monday, with the Hang Seng Index opening higher and closing higher. The Hang Seng Index opened 28 points higher, rising above 330 at most.

At 9: 00, the possibility of U.S. debt default continued to haunt investors, and the closing price narrowed. The Hang Seng Index closed at 19,678 points, up 227 points or 1.17%. Hong Kong stocks are rising.

The turnover continues to be less than HK$ 100 billion, which shows that investors' confidence is limited. It is expected that Hong Kong stocks will remain weak in the near future. The US debt crisis continues to be the focus of the market.

At 8: 00, investors wait for US President Biden and Republican Speaker of the House of Representatives McCarthy to negotiate progress on the debt ceiling later in US time, Europe III.

Large stocks saw a narrow range, and eventually developed individually. The DAX index in Germany and CAC index in Paris also fell by 0.18%, while the FTSE 100 index in Britain rose by 0.32%.

US President Biden and opposition leader McCarthy will start negotiations on the US debt ceiling at dusk, and the US House of Representatives will discuss McCarthy before the meeting.

He said that the two parties must reach a debt agreement this week to avoid a catastrophic US default that may occur as early as June 1, and said that it will be with White on Monday morning.

Palace negotiators' discussions on the debt ceiling are fruitful, and Biden is expected to compromise the government spending plan. Wall Street's three major indexes developed separately,

Dow Jones index fell 0.42%; The Standard & Poor's 500 Index rose 0.03%, and the Nasdaq Composite Index rose 0.5%.

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 that on Monday morning, he negotiated with the White House.

The discussion on the debt ceiling is fruitful, and it is expected that Biden will reach a consensus on reducing government spending to avoid what may happen as early as June 1.

American debt default disaster. The market is concerned about the debt ceiling of the United States, and the price of gold fluctuates within a narrow range, with the lowest price of gold at $1,968.9 and the highest at $1,982.7.

It closed at $1971.7, down $6.2.

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