Weekly

April 1 ST

Today's volatility range:

The trend of gold price is still subject to the downward pressure line, but because the downward adjustment is a bit urgent, it finally rebounded yesterday under the pretext that the small non-agricultural data is still worse than the market expectation.

Yesterday, we tried again this month's low of $1,678 without breaking it. The adjustment of the near row has bottomed out and started a new round of consolidation. Today, the proposed amplitude is between 1700 and 1716.

Since last year, former US Secretary of State Pompeo sent a report to Congress, stating that Hong Kong no longer enjoys a high degree of autonomy under China, so Hong Kong exports goods to the United States

And no longer has zero-tariff special treatment. This policy will be reviewed by the US Secretary of State to Congress every year and new arrangements will be made; Yesterday, US Secretary of State

Blinken has submitted a report to the National Assembly and confirmed to the National Assembly that it will continue to suspend the granting of special tariff status to Hong Kong in accordance with the provisions of the Hong Kong Policy Law.

Hong Kong has fallen victim to the rivalry between China and the United States. The market said that the mainland plans to set up a new stock exchange to enhance the global status of the mainland stock market and reduce the financing

Hong Kong's excessive dependence. It is reported that the design of China's new exchange is to expect Chinese stocks listed in Hong Kong and overseas to trade in the second market,

I also hope to attract some large multinational companies, such as Apple and Tesla, to list on this new exchange. Yesterday, the Hang Seng Index fell by 0.7%.

HKEx underperformed the market, down 1.34%.

There is a rebound in the epidemic situation in Europe, and the psychological factors that the vaccine may lead to death make the vaccination plan achieve results according to the scheduled period, making the anti-epidemic time and economy

Longer recovery time; France announced that it will launch a new round of a month-long epidemic prevention blockade. Yesterday, the three major European stock markets generally fell, and the German DAX index closed flat;

French CAC index fell 0.34%; Britain's FTSE 100 index fell 0.86%. In addition, summarizing the performance of European stock markets in the first quarter of this year, the German stock market is obviously leading.

For four consecutive quarters, it rose by 9.4% in the first quarter of this year. The French stock market and the UK also rose by nearly 9% and about 4% respectively.

US President Biden announced the first part of his extensive infrastructure plan on Wednesday. According to the announcement of the Air Force White House, the plan will be held every year for the next 8 years

Invest 1% of domestic production to upgrade infrastructure, revitalize manufacturing, invest in basic research and science, etc., with a total investment of about 2 trillion US dollars.

The individual development of the new york stock market was stimulated by Biden's infrastructure plan, and the Standard & Poor's 500 Index rose by 0.36%; The Nasdaq index rose by 1.55%;

However, the performance of bank stocks was affected by the default of hedge fund Archegos, which eventually dragged down the Dow Jones index by 0.26%.

The number of non-agricultural employment in the United States changed the most in six months last month. In March, the number of jobs in private enterprises increased by 517,000. The data shows that the labor market will follow

The United States accelerated vaccination in COVID-19 and grew. The US dollar rose to 93.44 in one fell swoop yesterday, and the yield of ten-year national debt also rose to 1.75%.

However, because the data is still worse than the market expectation, it has become an excuse for the gold price counterattack. The gold price fell to the lowest of 1678 US dollars per ounce yesterday, and rose after the release of the small non-agricultural data.

The highest price was $1,715 per ounce, and it closed at $1,707 per ounce, up $22.

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