Weekly

Downward pressure

2023-07-06

July 6th

Today's amplitude interval

Investors are concerned about the record of interest rate discussions in June released by the Federal Reserve this morning. Some members of the voting committee pointed out that the booming labor market has led to high inflation.

Next, support the continued implementation of austerity policies. The price of gold contended between 1910 and 1930 under the expectation of raising interest rates, and this week's non-agricultural data became more meaningful.

Opportunities to regain the trend of the gold market. Today's suggested volatility ranges from $1905 to $1925.


Yesterday, the mainland announced the purchasing managers' index of the new service industry in June, and the latest figure was 53.9, which was lower than the market expectation of 56.2, which aroused investors' interest in this whole market.

Worried about the economic prospects of the second largest economy, on the other hand, the market is also concerned about the minutes of the Federal Reserve Bank of the United States in June released this morning, Hong Kong

The stock finally broke the record of three consecutive rises, opening 60 points lower, with a maximum drop of 320 points. Finally, the Hang Seng Index closed at 19,110 points, down 305 points or 1.57%.

The European Central Bank published a survey in May, which reported that consumers in the euro zone lowered their inflation expectations for the next 12 months again, but they still thought that they had not.

In the next few years, the price growth rate will be higher than expected by the European Central Bank, and members of the European Central Bank will continue to support raising interest rates. In terms of data, production in the euro zone and

The purchasing managers' index of service industry is lower than market expectation, and investors are concerned about the record of interest rate decision in the United States released by the Federal Reserve this morning. The three major European stocks

The market fell across the board, with Germany's DAX index down 0.66%, France's Paris CAC index down 0.8% and Britain's FTSE 100 index down 0.96%.

This morning, the Federal Reserve released the minutes of the June interest rate meeting, showing that almost all officials expect more interest rate increases this year, and some people support it.

Raising interest rates in June, but finally decided to suspend; Supporters of raising interest rates point out that the labor market is very tight, that the economic momentum exceeds expectations, and there is no such thing.

Evidence shows that inflation will gradually return to the 2% target. In addition, some participants expressed support or may support raising the target interest rate by 25 basis points. Finally,

All the participants agreed that it was appropriate to keep a tight stance. Wall Street's three major stock indexes fell across the board, with the Dow Jones index down 0.37% and the Standard & Poor's 500.

The index fell by 0.21%, and the Nasdaq Composite Index fell by 0.18%.

Investors pay close attention to the record of the interest rate meeting in June released by the Federal Reserve this morning, which shows that some officials said that the labor market is very tight and the economy is gaining momentum.

Beyond expectations, there is no evidence that inflation will gradually return to the 2% target. In addition, some participants expressed support or may support putting the target interest rate on.

Adjust by 25 basis points. The market also immediately reflected that the probability of the Fed raising interest rates by 25 points in July was close to 90%, and the gold market fell under pressure. The highest price of gold is 1935.1 yuan.

The lowest price was $1914.9, and it finally closed at $1915.1, down $10.8.

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