Weekly

August 22 th

Today's amplitude interval
    
The news that China Evergrande filed for bankruptcy protection in the United States made the market more suspicious of the economic prospects of China people. Yesterday, the RMB once fell below 7.3 against the US dollar.

Last week, the People's Bank of China began to guide state-owned banks to actively participate in the foreign exchange market. The RMB reversed and rose, and the highest price of gold approached $1,900. Jianwei today

The debate fluctuated from $1,884 to $1,901.

The mainland lowered the quoted interest rate of the loan market by 0.1%, which was lower than the market expectation, which quite disappointed the market. The mainland stock market also fell significantly, and Hong Kong stocks followed the decline.

Hong Kong stocks opened lower by more than 150 points, and the real estate explosion in China threatened financial and insurance stocks. The two sectors fell by more than 2%, and the Hang Seng Index fell by 363 points at most.

The market closed down 327 points or 1.82%, and finally closed at 17,623 points, falling for the seventh consecutive day. The market is concerned about the annual meeting of Jackson Hole Global Central Bank starting from Thursday.

Of course, the focus is on US Federal Reserve Chairman Powell as the host, and the market expects him to express his views on the US economy and monetary politics on Friday.

The views of the policy, and the future trend of American interest rates. The investment atmosphere in European stock market is cautious. The three major European stock markets are developing ahead, and the German DAX index rose by 0.19.

The CAC index in Paris rose by 0.47%, while the FTSE 100 index in Britain fell by 0.06%.

Investors pay attention to the speech of US Federal Reserve Chairman Powell at the annual meeting of global central banks in Jackson Hole on Friday, seeking his views on the US economic and monetary policies.

Views, and the future trend of interest rates in the United States; The US 10-year bond interest rate once exceeded 4.35% yesterday, hitting a new high since 2007, and Wall Street ranked third.

The trend of major stock indexes was divided, with the Dow Jones index down 0.11%, the Standard & Poor's 500 index up 0.87% and the Nasdaq Composite Index up 1.65%.

The news that China Evergrande filed for bankruptcy protection in the United States made the market more suspicious of the economic prospects of China people. The RMB once fell below 7.3 against the US dollar, which counted the people.

Last week, banks began to guide state-owned banks to actively participate in the foreign exchange market, including increasing the cost of shorting RMB, such as through the bank's own principal transaction.

Doing a high middle price and maintaining the balance of the RMB, the RMB eventually reversed and rebounded with the intervention of tangible hands, and the highest price of gold was $1,898.8, the lowest.

See $1,884.9 and close at $1,894.9, up $5.3.

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