Weekly

July 8 th
 
Today's volatility range:

According to the minutes of the meeting on interest rates released by the Federal Reserve Board of the United States, officials pointed out that the real economic recovery had not been realized, and generally believed that the economic prospects were still unclear, while those officials who supported reducing debt purchase were still a minority.

After the publication of the document, the yield of US 10-year Treasury bonds fell to a four-month low, and the price of gold rose for six consecutive days. Gold prices performed strongly, closing above $1,800 for the first time since the middle of last month.

There is a great chance to challenge this month's high of $1,815. Today's proposed amplitude is between 1797 and 1816.
 

The Covid-19 epidemic in Hong Kong has gradually eased, and the two-week epidemic prevention measures expired at midnight yesterday. The Hong Kong Government recently announced that the epidemic prevention measures will be pushed for another two weeks until the 21st of this month, and at the same time relaxed

The number of spectators in most public places, but the business restrictions on restaurants and bars remain unchanged; The conservative policy of the Hong Kong Government should stem from the unsatisfactory progress of vaccines. According to government data,

At present, the vaccination rate in Hong Kong is still below 50%, and the vaccination rate of people under 20 years old and those aged 70 or above is the worst. Both groups are below 30%, which is far lower than other age groups.

Experts say that the minimum requirement for achieving the effect of group immunization is 70%. If the vaccination rate in Hong Kong does not reach this threshold, it is estimated that the epidemic situation in Hong Kong will drag on for another two years before it ends. Troubled by news of strengthening supervision in the Mainland,

Affecting the overall stock market investment climate, Hong Kong stocks fell for 7 consecutive days; Finally, it fell below the 28,000 mark, and the Hang Seng Index fell 0.4% again yesterday.

 
The European Commission raised its growth forecast for the euro zone, raising the GDP of the euro zone by 50 points this year, from the previous forecast of 4.3% to 4.8%, and raising its growth forecast for next year from 4.4% to 4.5%.

It is predicted that the GDP of the euro zone will return to the pre-epidemic level in the fourth quarter. As for inflation, the EU forecasts that the inflation in the euro zone will be 1.9% in 2021 and 1.4% in 2022. But the EU said,

Covid-19 variant strains bring risks to the future economic prospects. The three major European stock markets rose across the board, the DAX index in Frankfurt, Germany rose by 1.17%, and the CAC in Paris, France rose by 0.31%; Britain's FTSE 100 Index rose 0. 71%.

The Federal Reserve announced the minutes of last month's meeting last night, showing that several officials stressed that low interest rates led to rising house prices, and the rapid rise in real estate may bring financial stability risks, so I hope to reduce the purchase of US Treasury bonds before purchase

Mortgage-backed security, but other officials warned that the downside risks of inflation still exist, because the temporary price pressure may be lifted faster than currently expected. In general,

Fed officials have different views on the economic prospects of the United States, but it is generally believed that the threshold of debt reduction has not yet been reached at this stage.

After the opening of the submission, the yield of 10-year U.S. Treasury bonds fell below 1.3%, reaching a four-month low, supporting the rise of the U.S. stock market. Wall Street's three major indexes rose in an all-round way yesterday, with Dow Jones index rising 0.30%.

The Standard & Poor's 500 Index closed at a record high, up 0.38%, while the Nasdaq Index rose 0.01%. Gold prices have risen for six consecutive trading days. According to the minutes of the meeting on interest rates released by the Federal Reserve, the economic outlook is still unclear.

Bureau officials believe that the economic recovery has not been realized, and those who support reducing debt purchase are still in the minority. The market believes that the substantial progress of the US economy is not up to standard, which is good news for gold prices, plus the yield of US 10-year government bonds

It fell to a four-month low, and the price of gold successfully broke through the psychological barrier of $1,800 to close. The lowest price of gold yesterday was $1,797, the highest price rose to $1,810, and finally closed at $1,804, up $8.

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