Weekly

July 5 th
 
Today's volatility range:

The United States released the non-farm payrolls report on Friday, and the latest data increased by 850,000 jobs, which was better than the market expectation. However, the unemployment rate is rising instead of falling. Experts believe that some people mistakenly classify themselves as employed but not working.

This has underestimated the previous unemployment rate. After the release of the uneven employment data, the US dollar was lowered, and the price of gold rose. The price of gold was being revised after the sharp fall in June. It rose with the US dollar for two days last week, but the performance of such imbalance was not

It will happen frequently. Experts predict that the unemployment rate will decline slowly, and the Fed is happy with the ideal non-agricultural data. There is still room for the dollar to rise, which will put pressure on the price of gold. Today's proposed amplitude is 1774-1797.
 

The Hong Kong government announced that the coupon scheme will be registered on Sunday, and the registration period will last for 6 weeks until the 14th of next month. Eligible Hong Kong permanent residents and new arrivals who have reached the age of 18 on or before the 18th of last month.

Everyone can participate in the plan. Eligible persons can register electronically through the website of the Consumer Voucher Scheme as soon as 6 am this Sunday. If eligible persons who have completed electronic registration on or before 17th of this month,

The first issue of coupons will be issued on the 1st of next month. After a year and a half of the COVID-19 epidemic, when the unemployment rate in Hong Kong climbed to 7%, the public expected the Budget to help solve the problems, but the Budget released this year was less sweet and spicy.

Disappointing the public. The most important relief measure in Financial Secretary Chen Maobo's budget is to distribute $5,000 electronic coupons to eligible citizens over 18 years old and new arrivals in Hong Kong in stages, which is compared with the cash of the previous year

10,000 yuan has shrunk by half; At the same time, distributing electronic coupons will involve 600 million administrative expenses, which is more than 400 million administrative expenses compared with the cash distribution measures of last year. In any case, it is better to distribute cash! But how does the government deal with it? Now people

It's basically hard to control.

 
Hong Kong stocks got off to a bad start on the first trading day in July, and the Hang Seng Index rose first and then fell, which may have finished maintaining stability. Beishui sold more than 7 billion yuan in a single day, the highest in recent 4 months. Hong Kong stocks were obviously under pressure, and fell nearly 600 points at most.

It closed at 28,310 points, down 517 points or 1.8%. European Central Bank President Angela said that the economic risks in Europe are more or less balanced now, but she did not hesitate to say that COVID-19 Delta virus has a chance to break this balance.

The performance of the three major indexes of European stock markets was uneven, and the German DAX index rose by 0.31%; The CAC index in Paris, France fell by 0.02%; Britain's FTSE 100 index fell 0.04%. The United States announced yesterday that the non-agricultural employment report was released, and the latest data increased

850,000 jobs are better than market expectations. However, the unemployment rate is rising instead of falling. Experts believe that some people mistakenly classify themselves as employed but not working, which makes the previous unemployment rate underestimated. Politicians, businesses and some economists will

The labor crisis is attributed to the increase of unemployment benefits, including the weekly cheque of $300 issued by the government.  

 
Non-agricultural data is ideal. The three major indexes on Wall Street rose across the board yesterday, and the Nasdaq index rose by 0.81%; The Standard & Poor's 500 Index rose for 7 days in a row and hit a record high, up 0.72%; Dow Jones index rose 0.44%.

In the week, the Federal Reserve continued to reverse repurchase, and successively hit new highs, and the transaction volume rose to nearly 1 trillion US dollars in the first day last Wednesday. Since the Federal Reserve raised the reverse repurchase operating rate from 0% to 0.05% in early June,

It attracts a lot of hot money into the market. It can be seen that this batch of hot money only wants to have a place to put it, and only wants to preserve its value in US dollars, because investors expect the US dollar to appreciate. After the employment data was released, the US dollar was lowered to 92.2 points.

The highest price of gold yesterday was $1,795, and the lowest price was $1,774. Once it closed at $1,788, it still rose by $11.

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