Weekly

Strong housing data

2023-06-21

June 21st.

Today's amplitude interval

The market pays attention to the speech of US Federal Reserve Chairman Powell in Congress, and investors are cautious; The United States publishes housing data, whether it is building applications or new houses.

The performance of the construction volume is higher than the market expectation. At the moment of high interest rate in the United States, the housing data can still rise, which fully shows the long-term confidence of home buyers and

Strengthening inflation resilience has increased the possibility of the Fed continuing its tightening policy, and the price of gold has gradually tested the bottom. Today's suggested volatility ranges from $1926 to $1943.


    
Yesterday, as rumored by the market, the People's Bank of China lowered the quoted interest rate in the loan market. The central bank of China lowered the interest rate mainly to stimulate the economy in the post-epidemic era.

On the other hand, this interest rate cut shows that the mainland economy has not yet recovered, investors are bearish on the prospect of RMB, offshore RMB continues to fall, and Hong Kong stocks also fall for the second time in a row.

Day. The Hang Seng Index opened nearly 50 points lower, with a maximum drop of 408 points. The Hang Seng Index finally closed down 305 points or 1.5% to 19,607 points. The market pays attention to the owner of the US Federal Reserve

In his speech today and tomorrow, Xi Powell expects to find clues from his remarks to speculate on the future direction of the Fed's interest rate hike, plus before the European Central Bank.

The hawkish attitude and the market expect that the Bank of England will announce a 25-point interest rate hike this Thursday, and the risk market is under pressure. The three major European stock markets are all down.

Germany's DAX index fell by 0.55%, France's Paris CAC index fell by 0.27%, and Britain's FTSE 100 index fell by 0.25%.

The market is concerned about the speech of US Federal Reserve Chairman Powell in the US Congress for two days starting on Wednesday, expecting to find a spider silk horse from his remarks.

Trace to speculate on the Fed's interest rate hike, cautious attitude towards entering the market, coupled with the strong performance of US housing data, strengthened the resilience of inflation, the three major stocks on Wall Street.

The Dow Jones index also fell by 0.72%, the Standard & Poor's 500 index by 0.47% and the Nasdaq Composite Index by 0.16%.

The market pays attention to the speech of US Federal Reserve Chairman Powell in Congress, and investors are cautious. In the American time, the United States publishes housing data, whether it is building.

The performance of building applications and new housing starts is higher than market expectations. At a time when the interest rate in the United States is high, the housing data can still go up, which fully shows that home buyers are

Long-term confidence, the dollar rose, and the price of gold accelerated to fall. The highest price of gold was $1,956.8, the lowest was $1,929.8, and it finally closed at $1,936.3, down.

14.1 dollars.

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