Weekly

July 7 th
 
Today's volatility range:

In the early stage, the price of gold continued to rise last week, and because the yield of 10-year US Treasury bonds fell, the price of gold successfully broke through the psychological barrier of $1,800. Although it failed to stabilize in the end, it was still able to open a candle and set up on the 1790 floor.

It rose for five consecutive trading days. There is obvious pressure on the trend of gold price above $1,800, and yesterday may be a false breakthrough in the correction period after the sharp fall in mid-June. Today, the proposed amplitude is between 1788 and 1805.

 
Chief Executive Carrie Lam Cheng Yuet-ngor said that Hong Kong society still has risks that endanger national security. It believes that social media and networks lack supervision, allowing them to distribute false news for a long time, beautify violence and spread hatred against the central government

The thinking of the SAR Government and the police force has made some people radical and extreme, and even acted against humanity. In order to cooperate with the Hong Kong Government's supervision of social media, the Hong Kong Constitutional and Mainland Affairs Bureau proposed earlier

The Personal Data (Privacy) Ordinance was amended, and it is proposed that the Privacy Commissioner be given the power of criminal investigation and prosecution. For this reason, there are Gu Ge, Twitter, Facebook, etc. with offices in Hong Kong

The staff of Kewang Company will have the opportunity to be asked to provide information because of the need to cooperate with the investigation, and may even risk being accused. The above three giants, together with other enterprises, sent letters to the Office of the Privacy Commissioner for Personal Data.

He said that although he opposed the "bottom-out" behavior, he thought that the wording of the amendment was vague, which might cause enterprises and employees to be involved in the investigation because of user activities. Internet companies warned that they might stop providing services to Hong Kong,

So as to avoid the legal liability of the malicious content of the user.

 
With more and more mainland technology companies coming to Hong Kong to raise funds, the influence of science and technology stocks on Hang Seng Index is still growing. Hang Seng Index Service Company specially set up Hang Seng Technology Index to reflect the importance of these giant enterprises.

However, after Didi's trip was ordered to be removed from the shelves earlier, another wave caused by network supervision hit the market yesterday. The Hang Seng Index once fell below the 28,000 mark yesterday and closed down 0.25%, which has fallen for five consecutive trading days.

And it is 72 points short of the lost 28,000. In terms of European data, Germany's ZEW economic prosperity index in July was not only far lower than the market expectation of 75.2, but also retrogressed. The data was the worst since January this year, falling from 79.8 in June

63.3 in July. The three major European stock markets reported a decline across the board. The DAX index in Frankfurt, Germany fell 0.93%, and the CAC in Paris, France fell 0.91%; Britain's FTSE 100 index fell 0.87%.

 
U.S. stocks generally fell after the holiday on Independence Day. The mainland reorganized the technology companies listed in the United States and closed down by nearly 20%. While a number of Chinese technology stocks were sold off, Baidu and JD.COM both fell by more than 5% in the United States.

However, Amazon changed the helmsman, new people and new sights, leading the Nasdaq index to rise by 0.17%; The Standard & Poor's 500 Index ended its seven-day uptrend and fell 0.23%; The Dow Jones index fell 0.59%.

The price of gold has risen for five consecutive trading days. In the early stage, it took on the upward trend last week. Due to the decline in the yield of US 10-year government bonds, the price of gold successfully broke through the psychological barrier of 1,800 US dollars and rose to a maximum of 1,815 US dollars;

However, last night, the United States released a survey report on labor mobility, with the latest data of 9.39 million jobs, which is better than the market expectation. The growth of the labor market is expected to hit the gold price, and the US dollar index rebounded to over 92.5 points.

The gold price was lost at the $1,800 mark, and finally closed at $1,796, rising by $4.

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