Weekly

Europe's major stock markets have done a good job in an all-round way, reducing investors' concerns about the recent European epidemic, while the epidemic prevention measures implemented may hit the European economy, and the exchange rates of Euro and British Pound are supported.

Lagarde, President of the European Central Bank, said that the measures introduced by the European Union three months ago to relieve the epidemic were effective. He saw that many European countries have shown signs of economic recovery, but they will still pay close attention to the development.

It does not rule out that more resources will be invested to assist the euro zone economy when necessary; The United Kingdom also announced the interest rate decision of the Bank of England and will maintain the benchmark interest rate at 0.1%. ramsden, deputy governor of the Bank of England, pointed out that,

Britain's economy has recovered steadily, but there are still uncertainties. The current target interest rate is appropriate at the lower limit. However, based on the negative interest rate implemented by the European Bank, the Bank of England has the obligation to consider whether to implement the negative interest rate policy to maintain its competitiveness.

The remarks caused the pound to rebound at its recent low. However, there has been no progress in the business agreement between Britain and the European Union. Although both sides said that they intend to resolve their differences, both sides should protect their own interests.

At least the EU opposes Britain's "internal market law", but Britain has made it clear that this is a policy to protect Britain's homeland after Brexit. It seems that it can't be solved in a moment or three to get Brexit through negotiation.

The U.S. presidential election is just around the corner, and there will be the first debate meeting in Hong Kong tomorrow morning. When the two presidential candidates, Trump and Biden, will fight each other at the meeting, while investors are eating peanuts,

We can also learn about the election policies issued by them through their words and phrases during the debate, so as to make a long-term investment step.

The U.S. dollar index weakened due to the success of the European stock market, and the remarks made by ramsden, Vice President of the Bank of England, led to a sharp rebound of the British pound against the U.S. dollar, which pushed the U.S. dollar index down to 94.1 points.

Later, it was revealed in the market that the two major parties in the US Congress would return to the negotiating table to solve the long-delayed new round of relief measures for the US epidemic, and the US dollar index was finally settled and finally closed at 94.27.

Gold price rebounded after last week's adjustment. As the European stock market made a sharp rebound in the British pound, the US dollar index fell, and the gold price began to rise after entering the US market. The lowest price of gold was 1848 US dollars per ounce.

Yesterday, it reached a high of 1883 US dollars per ounce, and finally closed at 1881 US dollars per ounce, up 20 US dollars.

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