Daily

Go down with the tide

2023-08-17

August 17th

Today's amplitude interval
    
China's economic data continued to weaken, and the renminbi accelerated its decline against the US dollar. In addition, the minutes of the Federal Reserve's July meeting on interest rates showed that US inflation still existed.

Emphasis on upside risks implies that even if interest rates are not raised in September, the tightening policy will be maintained for a longer period. The price of gold continued to fall under pressure and finally fell below yesterday.

At the level of $1,900, the price of gold fell consumptively, and bears continued to dominate the gold market. Today's suggested volatility ranges from $1,884 to $1,901.

The National Bureau of Statistics announced that it predicted the price of new commercial residential houses in 70 large and medium-sized cities nationwide last month, and the index fell by 0.1% year-on-year, even though mainland real estate enterprises exploded and bought.

The confidence of homeowners has been greatly weakened, and the transaction has become more sparse. However, this data of the National Bureau of Statistics is still unquestionable, because the mainland has a guiding price for housing, just like stocks.

Generally speaking, in the absence of a transaction, the issuer is required to take the "response quotation" as the guide, regardless of whether the price meets the expectations of investors.

It always holds. The mainland rescued the market, suddenly announced a reduction in the convenient interest rate for medium-term lending, and planned to reduce the stamp duty on stocks, but still failed to reverse the disadvantage, and the Hang Seng Index was low.

At the opening of 224 points, it fell by 319 points at most, and the decline at the end of the market narrowed to 251 points or 1.36%. The Hang Seng Index finally closed at 18,329 points.


The economic data released by the euro zone yesterday was just like the market, while in the UK, the inflation data fell back, which helped the Bank of England to raise interest rates, but the market

After watching the European market, the minutes of the Federal Reserve's meeting on interest rates showed that the three major European stock markets developed individually, with the DAX index in Germany rising by 0.14% and CAC in Paris, France.

The index fell 0.1% and the FTSE 100 index fell 0.44%. The market waited and saw the minutes of the July meeting on interest rates announced by the US Federal Reserve in the early hours of this morning, although many and

Participants warned of the risk of unexpected over-tightening of policies, but indicated that there was a heavy upward risk of inflation, and the labor market was still tense, suggesting that even in September,

We will not raise interest rates, but we will still maintain a longer period of austerity policy. The three major stock indexes on Wall Street fell across the board, the Dow Jones index fell by 0.52% and the Standard & Poor's 500 index fell.

0.74%, the Nasdaq Composite Index fell 1.15%.

China's economic data continued to weaken, and the renminbi accelerated its decline against the US dollar. In addition, the minutes of the Federal Reserve's July meeting on interest rates showed that inflation in the United States still existed.

The upward risk implies that even if the interest rate is not raised in September, the tightening policy will be maintained for a longer period. The US dollar index rose to 103.5 points, and the gold price continued to fall under pressure.

It closed below the level of $1,900, and the highest price of gold was $1,907.3, and the lowest price was $1,891.9, which closed at $1,892.1, down $9.7.

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