Weekly

May 14 th
 
Today's volatility range:

Gold price rebounded yesterday. In the early stage, the gold market was still faced with the haze that rising inflation in the United States might cause interest rate hikes and early water choke. The gold market tried to lower the level of US$ 1,800 yesterday.

However, it is obvious that there has been support above $1,800, because it has dropped to $1,808, that is, it has rebounded to $20, regaining the support position of 1818, and the employment market data is going forward.

It eased the pressure of some Fed to raise interest rates, stimulated the price of 10-year US Treasury bonds to rise, and the yield of US Treasury bonds fell, supporting the rise of gold prices.

On the trend, the price of gold yesterday showed the stability of $1,800, which can be used as a reference for re-adjusting the market conditions. Today, the proposed amplitude is between 18218 and 1840.
 

There are endless calls for fare increase in Hong Kong. Following Tuesday, the Education Bureau indicated that it had received 27 applications for tuition fee adjustment from DSS schools. Yesterday, the Education Bureau said again that by the end of April,

About 250 kindergartens have received applications to increase tuition fees for the new school year in September. The Bureau disclosed that it is reviewing the application for tuition fees and will decide whether to accept the application as soon as possible.

The Education Bureau also pointed out that it understood the financial difficulties caused by the epidemic in kindergartens. In the past, the Bureau also provided epidemic prevention allowances for many times, hoping to minimize the burden on schools and operators.

Hong kong is an extroverted economy. with the northward movement of hong kong factories in the 1970 s and 1980 s, the manufacturing industry declined, and no matter what clothes, shoes and socks you live in, you rely on imports;

Moreover, the land in Hong Kong is expensive and the labor is high. Most people who worked in agriculture or livestock farming in the early days sold land early and changed careers. Now, very few people really make a living by raising pigs from agriculture.

Therefore, fruits, vegetables and meat can only be imported reliably, especially from the mainland to meet the needs of Hong Kong people. Moreover, due to geographical limitations in Hong Kong, even drinking water has to be paid to bring in Dongjiang water.

Not to mention primary and secondary products such as raw materials and other production materials. Therefore, in the import process of Hong Kong, as long as there is an increase in any link,

Whether the increase comes from suppliers, freight or government taxes, it will affect prices. Hong Kong stocks were affected by the external atmosphere yesterday, and the Hang Seng Index closed down 512 points or 1.81%.

 
Seeing the inflationary pressure ditch into the volatility of the US stock market, the European Central Bank quickly came out to solve its doubts. Stuna Lars, managing director of the European Central Bank, said that the strong market showed that inflation expectations were rising.

However, there is no inflation pre-worry in Europe, and there is no evidence to show that it has caused the European Central Government to change its current policies. The European Central Bank expressed its reassurance, but Britain is still in the predicament of Scotland's Brexit.

The three major indexes of European stock markets were mixed, and the DAX index in Frankfurt, Germany rose by 0.31%; CAC in Paris, France rose by 0.14%; Britain's FTSE 100 index fell 0.58%.

Under the pressure of economic recovery in the United States, high-valued technology stocks have become the target of selling in recent months, with a cumulative maximum of more than 1,000 points, and finally rebounded generally yesterday.

In addition, the number of new jobless claims in the United States last week was less than expected, which led to the improvement of the overall stock market, and the three major indexes of the new york stock market rose across the board. Dow Jones index rose 1.29%,

The Standard & Poor's 500 Index rose 1.21%, while the Nasdaq Index rose 0.72%.

 
Gold price rebounded, and it took on the pressure caused by inflation in Eurasia. Investors worried that rising inflation might trigger the Federal Reserve to raise interest rates early.

Moreover, some Fed officials said earlier that they should reduce the scale of buying bonds before raising interest rates. The gold market continued to sell in the early stage, falling to a minimum of 1808 US dollars, but the United States announced it last night

The number of people who applied for unemployment benefits for the first time in Zhou was 473,000. Although the performance was better than expected, it did not further stimulate the rise of the US dollar. The market interpreted the employment data better.

Relieved the pressure of some Fed to raise interest rates, and the data also stimulated the price of 10-year government bonds to rise. The yield of 10-year government bonds fell below the bid rate of 1.684% in earlier auction.

Gold price rebounded significantly in 20 yuan, reaching as high as $1,829, and finally closed at $1,825, up $9.

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