Weekly

Narrow rise

2023-06-07

June 7th

Today's amplitude interval

The market reflects that the probability of the Fed skipping a rate hike in June has risen to 80%, and the US dollar index seems to be softening. On the other hand, the market is also watching the inflation next week.

The data and the Fed's interest rate decision have become cautious, and the gold market will still fluctuate. Today's suggested volatility ranges from $1957 to $1972.

On Monday, the United States announced that the performance of the service purchasing managers index was worse than market expectations, and the three major Wall Street indexes rose first and then fell. Hong Kong stocks also opened higher and closed lower yesterday, rising for two consecutive days.

Broken cable; The Hang Seng Index opened 8 points higher, and it was reported that mainland banks are planning to further reduce the interest rate of RMB deposits to stimulate the economy. The Hang Seng Index rose by 268 points at most, and invested.

The reaper took advantage of the high harvest, and the HSI turned around and closed down 9 points or 0.1% to close at 19,099 points.

According to the European Central Bank, according to the survey, consumers' inflation expectations for the next 12 months have dropped from 5% in March to 4.1%, while their expectations for the next three years have dropped from 2.9% to 2.5.

%, is moving towards the medium-term goal of 2%. The consumer's fall in inflation may not immediately stop the ECB's interest rate hike, but it is finally seen.

Effect. The three major European stock markets rebounded, with Germany's DAX index rising by 0.18%, France's Paris CAC index rising by 0.37% and Britain's FTSE 100 index rising by 0.11%.

Boeing of the United States found new defects in the production process of the 787 Dreamliner, and the company is slowing down the delivery speed of this aircraft. The incident once dragged down the Dow Jones index.

It fell more than 100 points, but the market expects that the probability that the Federal Reserve will not raise interest rates in June will increase to 80%. Only in July will it raise interest rates, and bank stocks will do a good job to help US stocks rise. way

The Jones index rose by 0.03%; The Standard & Poor's 500 Index rose 0.21%, and the Nasdaq Composite Index rose 0.36%.

Investors pay attention to the backward direction of the Federal Reserve again. The market reflects that the probability of the Fed skipping raising interest rates once in June has risen to 80%, and the US dollar index hovers around 104 points.

On the other hand, the market is also waiting to see next week's inflation data and the Fed's interest rate decision, and its attitude has become cautious, and the gold market has risen in a narrow range. The highest price of gold is $1,966.4.

The lowest was $1954.4, up $1.6 from $1963.3.

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