Weekly

Today's volatility range:

Gold price remained weak yesterday, and the yield of national debt rose again yesterday, which hit gold price. The Federal Reserve stated that it would not raise interest rate before 2022 and Chicago welcomed 2% inflation to guarantee interest rate.

Gold prices are expected to fluctuate today. The suggested volatility is between $1705 and $1723. Biden's administration tightened incentives to help cheque recipients qualify,

The annual salary of individuals has dropped from $100,000 to $80,000. Under the new arrangement, Americans with an annual salary of more than $80,000 cannot receive a $1,400 aid check.

Some people are disappointed by this arrangement, or do not understand the red line set by the Biden administration, but on the whole, American residents have received much better relief assistance than Hong Kong people can only receive HK$ 5,000 in coupons.

The Census and Statistics Department of Hong Kong released the provisional statistics of retail sales in January yesterday. The data fell by 13.6%, which was a further decline from the 13.3% decline in December last year.

The data of retail sales have been falling for 24 consecutive months, which shows that the retail industry has become riddled with problems under the double blow of social movements and the new crown epidemic, and the retail industry is one of the important pillars of the Hong Kong economy.

Many wage earners depend on them for their livelihood, but it seems that the government has adopted the laws of nature and left them to fend for themselves. Financial Secretary Chen Maobo's $5,000 coupon is self-mouthing,

Last year, it was said that consumer vouchers were ineffective in stimulating the economy, but this year, they were launched in five months. In order to distribute consumer vouchers, an additional HK$ 600 million will be allocated for administrative expenses to benefit the government, so as to seriously "shrink"!

Recently, many officials of the Bank of England talked about the feasibility of the negative interest rate policy, saying that there is no evidence that the negative interest rate will affect the achievement of monetary policy objectives, and their remarks seem to be a warning.

Investors believe that the probability of interest rate reduction will increase and the reduction of borrowing costs will benefit venture capital; In addition, the media reported that in order to strengthen the competitiveness of banks after Brexit, Britain is evaluating the reduction of bank tax.

And it will be replaced by additional tax on bank profits.

The news stimulated a number of banking stocks to rise and drove the atmosphere of the whole market to improve. Yesterday, all three major European stock markets rose, and the German DAX index rose by 0.29%; French CAC index rose by 0.35%;

The FTSE 100 Index rose 0.93%. The number of non-agricultural employment in the United States increased by 117,000, which was worse than expected. The data hit the investment climate. The three major indexes of new york stock market opened lower and closed lower.

Dow Jones index fell 0.38%; Standard & Poor's index fell 1.30%; Tesla founder Musk's SpaceX sounding plan was blocked. Yesterday, he planned to launch his rocket Starship.

But the engine stopped launching for some reason after ignition. I don't know if it was a dead fire. Tesla fell nearly 5%, dragging down a series of tram stocks, and Nasdaq index fell 2.70%.

Gold price was still weak yesterday. In the early period, the highest price of gold was 1,737 US dollars per ounce, which went down, and the lowest price was 1,702 US dollars per ounce after the data of non-agricultural employment was released.

But it also rebounded to $1,724 per ounce, and finally closed at $1,712 per ounce, up $27.

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