Weekly

refuse to give in

2023-08-08

August 8 th

Today's amplitude interval

New york Fed President William Williams delivered a speech, saying that the possibility of cutting interest rates in early 2024 will not be ruled out, but it will still depend on economic data. Market concern

This week's US inflation data, and looking forward to the Fed's interest rate cut next year, it is expected that the gold market bears will not be too aggressive. Today's suggested volatility ranges from $1932 to $1932.

1947 dollars.

According to foreign media reports, mainland regulators and official media put pressure on economists, securities analysts and researchers to avoid discussing China Connect.

Reduce negative trends such as capital outflow to maintain people's confidence in the domestic economy. This kind of operation can only be sung well and can't be reported negatively.

How can it be effective when the network is so developed? Hong Kong stocks continued their decline last Friday, dropping 64 points in the afternoon, and then they struggled.

Up to 187 points, up to 42 points, the Hang Seng Index closed at 19,538 points, down 1 point, and the turnover was reduced to less than HK$ 80 billion.

After the sharp downward adjustment of the stock market last week, investors are concerned about the inflation data released by the United States this week, and the backward direction of the Fed's interest rate hike, Europe.

The three major stock markets in Europe fell slightly yesterday, with Germany's DAX index down 0.02%, France's Paris CAC index down 0.06% and Britain's FTSE 100 index down 0.14.

%。 New york Fed President William Williams delivered a speech, saying that the possibility of cutting interest rates in early 2024 will not be ruled out, but it will still depend on economic data, he added.

Once the inflation rate drops, in order to keep monetary policy on economic growth and inflation reaching the bureau's target inflation rate, the Fed will naturally downgrade its name accordingly.

Interest rate. The market expects the Fed to cut interest rates next year, and the investment atmosphere becomes positive. The three major stock indexes on Wall Street rose across the board, and the Dow Jones index rose by 1.16%.

The Standard & Poor's 500 Index rose 0.94%, and the Nasdaq Composite Index rose 0.89%.

The dollar remained strong yesterday, although Williams, the third person in the Federal Reserve, said that he would not rule out the possibility of cutting interest rates in early 2024. Williams' remarks were suppressed.

Most of the upward trend of the US dollar index was controlled, but the US dollar index still rose by nearly 0.07%, and the gold price fell under pressure. The highest price of gold was $1946.8, and the lowest price was $1931.5.

Yuan, finally closed at $1936.6, down $6.1.

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