Weekly

August 10 th
 
Today's volatility range:

The inflation and owner data that the Federal Reserve is mainly concerned about have been basically met. It is expected that the delisting schedule will be announced to the world within this year. After reducing debt purchase, it will raise interest rates. According to Clarida,

The Federal Reserve began to raise interest rates in 2023. Rising interest rates are not conducive to gold, an investment tool that will not earn interest. Yesterday morning, the bears made a special attack, throwing gold worth 390 million in one minute and implementing it in the gold market

A stress test was conducted on the Fed's prediction of tightening monetary policy, indicating that the price of gold will be adjusted back after raising interest rates, and the recent support level is around $1,680. The gold market was killed by bears yesterday, and people were guilty and afraid.

The market is observing the inflation data released this week, but it is beneficial to sell high and sell low. Today, the proposed amplitude is between 1720 and 1738.
 
 
In February 2019, the government amended the constitution to prohibit the import, manufacture, sale, distribution and promotion of alternative smoking products, including electronic cigarettes, heated tobacco products and herbal cigarettes. However, only the stairs rang, and the regulations were still not passed by the Legislative Council.

Last week, Xinhua News Agency, the official media of China, published an investigation report entitled "Beware of E-cigarettes Flowing to Minors", saying that even though the Chinese government has expressly stipulated that E-cigarettes should not be sold to minors, some of them are under the guise of trends.

It is suggested that the crackdown on the sale of e-cigarettes should be strengthened because of the penetration of different flavors into minors in various packages; Hong Kong officials got the message. The Food and Health Bureau said yesterday that the government would strive for the current Legislative Council session

The draft ban on heating cigarettes and electronic cigarettes was adopted. Yesterday, the official media fired guns again and blasted the chip suppliers, accusing them of hoarding and pushing up the price. Regulatory culture is the wind, and the official media points to that sector, investors

Immediately reduce that plate, the weight is better than the research report of Hip-Kuo University, and the chip stocks are certainly sold, which is even more harmful to many auto stocks. Fortunately, yesterday's net inflow of 3.45 billion yuan from the north to the south supported Hong Kong stocks, and the Hang Seng Index fell first and then rose.

Up 0.4% to close.

 
Yesterday's data in Europe were uneven. In June, Germany's monthly export growth accelerated to 1.3%, while the monthly import growth slowed down to 0.6%, but both were higher than market expectations. According to a survey conducted by the French central bank, the economic activity in France in July was a new pneumonia epidemic

The former level is still 1% to 1.5% lower. The Bank of France expects that due to new epidemic prevention measures, bars and restaurants need to show health certificates and other measures, which will affect the performance of the food service industry in August this year. It is expected that the economy will be quarterly in the second quarter

The growth rate is 0.9%, and the annual economic growth target is 6%. The index of investor confidence in the euro zone even fell to 22 points, the first decline since March this year, indicating that the epidemic once again plagued the European economy, and the three major European stock markets developed individually.

The German DAX index fell by 0.10%; The CAC index in Paris, France fell by 0.06%; Britain's FTSE 100 Index rose 0.13%.

Last night, the US labor mobility survey reported job vacancies. The report showed that there were 10,700 job vacancies in the labor market. The data is more inclined to the Fed tightening monetary policy early, and liquidity will decrease, which is not conducive to investment performance. Wall Street,

The three major indexes were mixed, and the Dow Jones index fell by 0.30%; The S&P 500 index fell 0.09%; Nasdaq index rose 0.16%. Last Friday, the United States released non-agricultural data, which outperformed expectations. The Federal Reserve is expected to start to shrink its statement at the end of this year.

Its vice chairman even predicted that the Fed would raise interest rates conditionally in 2023. Yesterday morning, the bears made a special attack, throwing gold worth 390 million in one minute, and the gold market collapsed. It once fell below 1,700 US dollars, and only when it was killed to 1,678 US dollars did it make up the position obviously.

It fell by $85, and then it narrowed, closing at $1730 yesterday, still falling by $33.

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