Weekly

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2023-07-31

July 31st.

Today's amplitude interval

The US economy may have a soft landing, but the market is still worried that the recent strong economic data will force the Federal Reserve to raise interest rates again in September, while Japan and the European Central Bank

It shows that the attitude of raising interest rates, the ambiguous attitude of the Federal Reserve and the still tight labor force in the United States have put pressure on the growth of gold prices. Today's suggestion

The volatility ranged from $1,948 to $1,964.

As expected by the market, the Federal Reserve announced a 0.25% interest rate hike in the early hours of last Thursday, and the Hong Kong Monetary Authority also followed the pace of interest rate hikes in the United States and announced an increase in Hong Kong discounts.

The window interest rate is 25 points to 5.75%. Despite the pressure of raising interest rates, Hong Kong stocks outperform the periphery. China and the State Council push economic stimulus plan, referring to China goods.

Monetary policy can flexibly use tools such as RRR reduction and interest rate reduction, and it is expected that the Bank of China will implement RRR reduction again in the third quarter to boost the total social demand.

Stimulate private consumption and enhance the contribution of internal circulation to the overall economy of China. Looking forward to the accelerated recovery of the mainland economy in line with the policy, the Hang Seng Index has a star.

The period rose by 841 points or 4.41%, closing at 19,639 points.

After the United States announced a 25-point interest rate hike in the early hours of Thursday, the European Central Bank also announced a 0.25% interest rate hike later on the same day.

After announcing the results of the interest rate discussion, Germany said that the prospect of the euro zone has deteriorated and economic growth will continue to be weak in the short term, suggesting that interest rate hikes may be suspended at the next meeting.

European stocks rose across the board. In a week, Germany's DAX index rose by 1.81%, France's Paris CAC index rose by 0.59%, and Britain's FTSE 100 index rose by 0.4%.

The Federal Reserve announced a rate hike of 0.25%, and expected that the US economy would not land hard. A number of economic data released last week also showed that the US economy was

After the Fed raised interest rates several times, it was not hit, especially the labor market remained prosperous. On the contrary, inflation showed a slight decline, which was good.

Venture capital atmosphere, the Dow Jones index rose for 13 consecutive trading days this month, the longest rise since 1987, and closed up 0.66% last week.

The S&P 500 index fell by 0.14%, while the Nasdaq Composite Index rose by 2.11%.

Last week, the Federal Reserve announced a 25-point interest rate hike, which was the highest since 2001. Federal Reserve Chairman Powell hinted that he would consider further tightening to curb inflation.

It is said that interest rates will not be cut this year, but a decision will still be made one by one according to the data. The United States announced that the second quarter GDP was better than expected, and all the way

The labor data supporting the high inflation data in the United States is still tight, and the number of initial jobless claims has fallen for the third consecutive week, a strong economic figure.

According to the stimulation of the yield of ten-year treasury bonds and the US dollar index, the price of gold fell under pressure last week, with the highest price of 1982.3 US dollars and the lowest price.

See $1942.6, closed at $1959.3 on Friday, down $2.7 in a week.

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