Weekly

August 17 th
 
Today's volatility range:

China is the first country in the world to emerge from the epidemic, but the latest economic data released by China is less than expected, indicating that supply demand is being distorted under global integration, plus the Federal Reserve Bank of New York,

The manufacturing index dropped significantly from the record high. However, the number of people infected with COVID-19 in the United States increased rapidly, and the decline in consumer confidence index weakened the Fed's expectation of reducing quantitative easing ahead of schedule. But there was another Fed last night

Officials made speeches to support the compression of quantitative easing, and Rosengren of the Federal Reserve said that if the next employment report performed strongly, he would support the debt reduction plan in September. The market is waiting for America

According to the minutes of the July meeting of the Open Market Committee, the gold market will still fluctuate in the absence of direction. Today, it is suggested that the volatility should be between 1776 and 1794.
 

After the local COVID-19 epidemic was cleared and the cable was cut off again, a female patient who worked at the airport was found to have a highly contagious variant virus strain, which was classified as a local case due to the record of internal and external travel during the incubation period.

With the zero-tolerance epidemic management model in the Mainland, Hong Kong people's hopes of customs clearance to save the market have once again failed. Hong Kong stocks fell for three consecutive days, with a net outflow of Beishui, and technology stocks became the target of selling. The Hang Seng Science and Technology Index fell more than 2.5%.

Hang Seng Index opened lower and closed lower, and finally closed down 0.8%. The lingering epidemic once again threatened the European economy. The three major European stock markets fell across the board yesterday, and the German DAX index fell 0.32%; The CAC index in Paris, France fell by 0.83%;

Britain's FTSE 100 index fell 0.90%.

 
The manufacturing index of the Federal Reserve Bank of New York dropped significantly from the record high. The market expected 29, but it was only 18.9. The US stock market opened lower, but the US Senate passed Biden's $1 trillion cross-party infrastructure draft.

Infrastructure stocks became a risk-averse sector, and the three major indexes of US stocks developed individually. Dow Jones index and S&P 500 index rose and reached new highs, up 0.31% and 0.26% respectively, but Nasdaq index closed lower, down 0.20%.

The gold market continued to rise last week, and the Taliban quickly occupied Afghanistan. The chaotic situation in the Middle East stimulated the gold price to rise. The highest price of gold was 1,789 US dollars, the lowest price was 1,771 US dollars, and it closed at 1,787 US dollars yesterday.

Up 7 dollars.

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