Weekly

July 17th

Today's amplitude interval

Inflation in the United States continues to cool down, and the market is looking forward to the end of the Fed's austerity policy this year. On Friday, the consumer confidence index of the University of Michigan in the United States showed that it was gone.

Consumers are full of confidence in the economic prospects, and the number has reached a new high since October 2021! An overly optimistic atmosphere may also provoke Fed officials to raise interest rates further.

The pressure of the gold price has made some resistance to the upward challenge. The price of gold has great resistance at $1,970 for the time being, but it will be maintained as long as it is kept at $1,943.

Rise the waves. Today, the suggested volatility of yesterday is maintained at $1,948 to $1,962.

Last week, the United States released the inflation data for June, and the consumer price index rose by 3% year-on-year lower than market expectations, which was the smallest growth record since 2021.

The producer price index is still falling, and the falling of two kinds of inflation data has helped to eliminate the pressure of the Federal Reserve to raise interest rates. The US dollar is weak and the RMB is relatively strong, which has a negative impact.

Hong Kong stocks rose more than 1,000 points last week, and the Hang Seng Index finally rose above 19,000 points. It closed at 19,423 points last Friday and rose by 1,048 points or 5.71% for the whole week.

Although inflation is still high in Europe, and the European Central Bank is constantly hawking, the decline in US inflation data is expected to limit the Fed's interest rate hike.

The US dollar index once fell below 100 points, and the global stock market benefited from the low risk of investment. The three major stock markets of European stocks rose more than 2% across the board last week. Germany

DAX index rose by 2.29%, CAC index in Paris rose by 2.27%, and FTSE 100 index in Britain rose by 3.38%.

The inflation index in the United States continues to cool down. In addition to the increase in the consumer price index in June on Wednesday, which has been recorded since 2021, the producer price announced last night.

The index rose slightly by 0.1% year-on-year, which was lower than the expected growth of 0.2% in the market. In addition, American companies announced that their performance was ideal, and the three major stock indexes on Wall Street were across the board.

On a weekly basis, the Dow Jones index rose 3.22%, the Standard & Poor's 500 index rose 3.69%, and the Nasdaq Composite Index rose 2.45%. American inflation

Continued cooling, following the June inflation data released last Wednesday night, which was lower than market expectations, the producer price index released last Thursday was slightly higher than the previous year.

It rose by 0.1%, which was lower than the market expectation. The market expected that the Fed's austerity policy would end this year. The US dollar index once fell below 100 points, and the price of gold rose for two weeks.

Last week, the highest price of gold was 1,963.8 yuan, and the lowest price was 1,912.8 dollars. Finally, it closed at 1,955.4 dollars, rising to 29.9 dollars.

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