Weekly

March 19 th

Today's volatility range:

Gold price was riding a roller coaster yesterday. The soaring yield of US 10-year treasury bonds pushed down the price of gold, and the price of gold closed below $1,740 per ounce, possibly continuing to consolidate between 1720 and 1740.

Today, we will use this position to make today's suggested amplitude.

Ocean Park has applied to the Legislative Council for a new grant of about 6.8 billion yuan, which is more than the 5.4 billion Hong Kong dollars allocated by the government last year. Whether the rescue operation in Ocean Park is effective is still unknown.

But the Hong Kong government is no different from drinking poison and quenching thirst; The reason why Ocean Park fell into financial difficulties was that the number of visitors decreased and the income decreased due to the epidemic situation. However, in the past, the park management focused on mainland tourists.

Poor management and abundant culture in the Mainland provide Hong Kong people with special experience. For example, the hygiene of toilets is more frightening than that of "hello", and the charges are not cheap.

Many Hong Kong people have been deterred. The Ocean World, which is operated in Hengqin across a bridge, is more competitive in terms of facilities and charges. Besides, Hong Kong has successfully transformed into a mainland city recently.

At the same time, the attraction to compatriots in the Mainland has declined. It is difficult for Ocean Park management to imagine that tourists will return to the peak after the epidemic.

Hang Seng Index continued its upward trend on Wednesday. It rose by 500 points yesterday, but the price of US Treasury bonds fell before the market closed, limiting the increase, and finally closed up by 371 points or 1.28%.

Yesterday, the Bank of England announced the interest rate decision, keeping the benchmark interest rate unchanged at 0.1%, and keeping the bond purchase scale of 895 billion pounds unchanged, both of which met market expectations. According to the statement on interest rate,

Members of the Bank of England pointed out that the economic outlook is still uncertain, and they do not intend to tighten monetary policy until significant progress is made in achieving the 2% inflation target.

European Central Bank President Lagarde called on European Union governments to start operating the 750 billion euro recovery fund without delay before the Bank of England announced the results of interest rate decision.

It is stated that only by improving the economic prospects of enterprises and families can the effect of monetary policy measures be strengthened. Lagarde also expressed his views on the recent rise in the yield of national debt in the European Parliament.

I don't want to see any increase in the yield of government bonds that may hinder the recovery. If the yield of government bonds leads the economic recovery, the European Central Bank will prevent the yield of government bonds from rising.

Lagarde's remarks against the yield rate stimulated European stock markets, and the three major indexes of European stock markets rose, and the German DAX index rose by 1.23%; French CAC index rose by 0.13%, while British FTSE 100 index rose by 0.25%.

Under the same problem, Federal Reserve Chairman Powell and Lagarde's responses were quite different. When Powell was asked by reporters about the yield of US Treasury bonds when he announced the interest rate yesterday,

He responded with free speech in finance and economy. His reply implied that the Federal Reserve would not intervene at this stage, and Powell's mild wording connived at the rising yield of US Treasury bonds.

The yield of 10-year government bonds rose to 1.72% in one fell swoop, and the new york stock market fell first, and the Dow Jones index fell 0.46%; The Standard & Poor's Index fell 1.48%; The Nasdaq index was even worse, falling more than 3%.

Yesterday, the price of gold was riding a roller coaster. The highest price of gold was $1,756 per ounce. The yield of US 10-year treasury bonds soared to 1.72%, pushing the price of gold down to $1,719 per ounce.

However, the attraction of the national debt price also caused the stock market to fall, and funds flowed into the gold market to avoid risks, closing at $1,735 per ounce, up $3.

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