Weekly

April 28 th
 
Today's volatility range:

The gold market had a strong wait-and-see attitude yesterday, and it was equally stuffy yesterday, with a volatility of $12. It is expected that the results of the Fed's interest rate decision will fluctuate greatly before and after zero morning tonight. Today's proposed amplitude is between 1764 and 1786.
 

Mao Bo, the Financial Secretary of Hong Kong, announced the 2021-2022 Budget earlier, stating clearly that the government will not introduce any direct subsidy for epidemic situation in the new financial year, but Uncle Bo, who is famous for his shrinking bones, has built a "good bridge".

To show concern for the unemployed due to the impact of the epidemic, we launched the "100% Guaranteed Individual Preferential Loan Scheme", which will accept applications from today and can borrow up to 80,000 yuan from participating banks through the scheme.
 
Traditionally, Hong Kong people have the spirit of Lion Rock and like to rely on themselves. If they have jobs, they are no longer eligible for application. However, people who have no choice but to apply will not be able to repay them in the future, and they will only use public money to find out.

The Hong Kong government has repeatedly stressed that the treasury is in short supply, so it can no longer send money to help the public. However, the Great White Elephant Project has been continuously launched. Lin Zheng made it clear that the landmark project left by himself during his term of office, the Lantau Island tomorrow, would throw money into the sea.

It is even more contrary to the national "the belt and road initiative" policy. Therefore, whether the Financial Secretary's plan really wants to help the public after the outbreak, or just wants to raise the threshold for assistance, we all know fairly well.

 
India recorded more than 300,000 confirmed cases for the sixth consecutive day yesterday. It is reported that many hospitals in India are now full, some patients have been turned away from hospitals, and some patients in hospitals have died due to lack of proper medical equipment.

In the spirit of humanity, many western countries, including Britain, China, the European Union and the United States, plan to provide assistance to India. The European Union said yesterday that it would deliver much-needed oxygen, medicines and equipment to India in the next few days.

Recently, China's official media sent a friendly signal to India, saying that China would lend a helping hand immediately if India said one word, and reminded this neighboring country, which has been strained by border relations recently, that viruses are the common enemy.
 
HSBC announced its interim results yesterday. Due to the reversal of credit losses and the satisfactory performance of global banking and capital markets, the pre-tax profit in the first quarter increased by about 80% to US$ 5.77 billion, beating market expectations.

HSBC said that its first-quarter profit continued to come from Asia, so it will focus on Asia, and it is expected to hire another 500 people in China this year. UBS, which is also a European bank, predicted yesterday that the performance in the first quarter was not ideal for HSBC.

A UBS spokesperson said that the US hedge fund Archegos Capital lost 774 million US dollars due to its default, but in April, it sold out the other party's position, with a total loss of 861 million US dollars. Europe's three major stock markets fell across the board,

The DAX index in Frankfurt, Germany fell 0.31%, and the CAC in Paris, France fell 0.03%; Britain's FTSE 100 index fell 0.26%. Investors wait and see the Fed's interest rate decision results, while the three major US stock indexes develop individually, and the Dow Jones index rises by 0.01%;

The Standard & Poor's 500 Index fell 0.10%; Nasdaq index fell 0.34%. Yesterday, the gold market was also depressed. The gold price of USD reached the highest price of USD 1,786 and the lowest price of USD 1,774, and closed at USD 1,776, down USD 5.

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