Weekly

June 3 rd
 
Today's volatility range:

The gold market is still at a high level. The Federal Reserve confirmed yesterday that it will sell the corporate bond portfolio it bought during the COVID-19 outbreak, and expects to complete all the sales by the end of the year.

Although the Federal Reserve reiterated that this action has nothing to do with the current monetary policy, it is just revealing the timetable of the Federal Reserve. The market expects that before the Federal Reserve completes the sale of this batch of corporate bond portfolio,

It will not withdraw from the market or raise interest rates, in other words, it will not be implemented at least until 2021. There are non-agricultural data in the United States today and tomorrow. It is expected that the figures will continue to be revised downwards. Can we use this data

We should pay close attention to providing better admission opportunities. It is expected that today it will still be in a volatile pattern but the volatility will expand. Today, it is suggested that the volatility should be from 1896 to 1918.

In 2018, a trade storm broke out between the motherland and the United States. The United States proposed to impose tariffs on Chinese goods. In July last year, due to the "National Security Law of the Port Area", the United States promulgated the abolition of Hong Kong's special tax zone status.

It also requires that the goods exported from Hong Kong to the United States should not be labeled as "Made in Hong Kong" but replaced by "Made in China"; At that time, Secretary Qiu Tenghua made it clear that he would consider settling disputes through the World Trade Organization.

He mentioned to reporters yesterday that he had submitted his first written statement to the WTO last Friday, and it is expected that the WTO expert group will review and decide within six months to nine months. But send a message to Director Qiu, don't be too optimistic about the results.

Even if the WTO decides that Hong Kong will be successful, the WTO still has an appeal mechanism, and it is impossible for the United States to directly follow the WTO ruling. Moreover, the motherland has become stronger, and there is nothing wrong with using China as a signboard. Don't be too attached

"Made in Hong Kong" brand, otherwise, other patriots will misunderstand that you look down on China, or say that you are politically incorrect, and then hit a black pig on the score sheet, wouldn't it be a ruin for your future?

The Legislative Council of the Hong Kong Special Administrative Region passed the Revenue (Stamp Duty) Bill 2021 on the third reading, implementing the proposal put forward by the Chief Secretary for Finance and Treasury, Chen Maobo, in the earlier budget this year to increase the stamp duty on stocks to 0.13%.

The adjustment will take effect on August 1 this year. After that, the transaction cost of Hong Kong stocks increased, and the Hang Seng Index fell by 0.58% yesterday as a response to the passage of the bill. The trend of global central banks to lock their throats is gradually increasing.

As the epidemic situation in Europe began to slow down, and the speed and intensity of economic recovery were still unstable, the European Commission said that EU governments should start tightening policies only when conditions permit.

Affected by financial liquidity news, the three major stock markets in European stock markets were built across the board, and the German DAX index rose by 0.20%; The CAC index in Paris, France rose by 0.50%; The FTSE 100 Index rose 0.41%.

The Federal Reserve confirmed that it was planning to gradually sell an emergency loan arrangement launched in response to the COVID-19 outbreak last year, when it operated to improve market liquidity by purchasing corporate bond portfolios. The Federal Reserve said yesterday,

The sale of the portfolio will be gradual and planned to be completed by the end of the year, so as to reduce the impact on the market operation. The Federal Reserve disclosed that it would provide more details before the sale, but reiterated that the reduction of portfolio has nothing to do with monetary policy.

Nor is it any signal of monetary policy. The three major indexes of Wall Street stock market were created at the same time, with Dow Jones index rising 0.07%, Nasdaq index falling 0.14%, Nasdaq index rising 0.15%. The gold market is still at a high level,

The lowest price was $1,894, but the yield of US dollar and 10-year treasury bonds fell. In addition, when the price of gold broke below $1,900, many people stepped into the market. The gold price bank rebounded to the highest price of $1,909 yesterday, and finally closed at $1,908 close to the high level.

Up 8 dollars.

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