Weekly

May 25th

Today's amplitude interval

The U.S. debt ceiling problem has not been resolved, and the market is beginning to be annoyed by the news. In addition, the minutes of the May meeting of the Reserve Bank show that some hawkish members are in favor of keeping raising interest rates.

The gold price failed to shake off the decline yesterday and tested the support of $1,950 again. Today's suggested volatility ranges from $1,950 to $1,970.

The Secretary for Commerce and Economic Development, Mr Qiu Yinghua, was asked in yesterday's talk show about the threat to the status of Hong Kong's trade hub. Secretary Qiu responded,

The export situation has improved in recent months, and he is still full of confidence in Hong Kong's trade prospects. In fact, people look at the heights and the water flows downwards. As one of the areas in China,

It is not easy for the government to rob enterprises and talents, and the renminbi has fallen to a low level for half a year. Hong Kong stocks still maintained a weak trend, falling for the second day, yesterday.

Insert another 315 points or 1.62% on the day, and the Hang Seng Index closed at 19,115 points.

McCarthy, Speaker of the House of Representatives of the Republican Party of the United States, said that the negotiations with President Biden on the debt ceiling have reached a deadlock, and the differences on many issues are still huge. beautiful

The problem of China's debt default has made the market investment more and more uneasy. The three major European stocks fell by more than 1% across the board, and the German DAX index fell by 1.92%.

China's CAC index in Paris fell by 1.74%, while Britain's FTSE 100 index fell by 1.7%.

According to the minutes of the Federal Reserve's May meeting, many participants mentioned that the debt ceiling must be raised in time to avoid serious problems in the financial system and the overall economy.

The risk of chaos. Unfortunately, as the days passed, US President Biden and opposition leader McCarthy remained deadlocked at the negotiating table. Risk investment

The assets failed, and the three major indexes all fell, and the Dow Jones index fell by 0.77%; The Standard & Poor's 500 Index fell 0.72%, and the Nasdaq Composite Index fell 0.61%.

McCarthy, Speaker of the US House of Representatives, who blocked the passage of the debt ceiling bill, said that there were problems in the negotiations, but he was still confident that it would be completed before June 1.

Task, in order to avoid the catastrophic event of debt default in the United States. But things have been fermenting for many days, and the market began to feel annoyed by the news, plus the minutes of the May meeting.

It shows that some hawkish members are in favor of keeping raising interest rates, and the price of gold continues to be sluggish. The highest price of gold reached $1,986.4, and the lowest price reached $1,956.8, closing at $1,957.2.

City, down $17.9.

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