Weekly

The U.S. stock market continued to fall last Friday, with the three major indexes falling for three consecutive weeks. In one week, the Dow Jones index fell by 0.03%, and the S&P index fell by 0.7%, both of which were the worst performances since October 2019.

The Nasdaq fell 0.6%, the worst closing record since August last year. The recent weakness of new york's stock market is certainly dragged down by the decline of previously sought-after technology stocks, but at the time of the global SARS-CoV-2 pandemic,

The American economy has basically not recovered, and the performance of the stock market runs counter to the economy, which is one of the reasons for the stock market decline. On the other hand, the Federal Reserve Board of the United States held a meeting last week to announce the interest rate decision results.

The federal funds rate remained between 0% and 0.25% until 2023, which met the market expectation. However, the market reaction was that the policy was too mild, and the Fed did not hear the voice of increasing the scale of bond purchase. Investors expected that there would be no more new funds in the market.

It also became an excuse for the stock market to fall. It is expected that investors will focus on Powell's speeches at congressional hearings this week, when he will report assistance in response to the epidemic and the progress of previous stimulus plans.

This week can be said to be Super Central Bank Week. The agreement of Britain's leaving the EU is still under negotiation. It is still unknown whether the result will be a hard decoupling or a good one.

However, it is said that the Bank of England is considering a negative interest rate policy to strengthen its competitiveness. If this is really successful, it will put pressure on the US dollar. The situation between China and the United States is still tense. US President Trump banned the update and use of WeChat in the United States last week.

It has caused communication troubles for Chinese in the United States, and WeChat payment is a commercial solution widely used by shops doing Chinese business. Once it is stopped, the economic losses will be hard to measure!

What is even more surprising is that the Chinese Air Force released a model bombing clip of the K16 fighter jet yesterday, which refers to the suspected US military base in Guam. Is this clip the Chinese side's decision to shoot a paper tiger or run great risks?

But I think someone is a little anticlimactic. But in any case, the bad feelings between the two countries have not been eliminated. The gold price fluctuated last week, the situation between China and the United States was tense, the performance of the US stock market and the trend of the US dollar.

In addition, the Federal Reserve's interest rate decision was only as expected by investors, and there was no surprise, which pulled up the price of gold. Last week, the highest price of gold was $1,970 per ounce, and the lowest price was $1,932 per ounce. It closed at $1,944 per ounce, and rose by $4 a week.

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