Weekly

August 19 th
 
Today's volatility range:

The virus and the situation in the Middle East supported the early rise of gold prices, although the minutes of the Open Market Committee in July showed that Fed officials had not reached a consensus on reducing the scale of debt purchase and the rest of the timetable.

However, the global quantitative easing has seen its end, but the time has not yet come. In the absence of direction, the gold market still has volatility without increasing yesterday, and it is expected to oscillate today. The suggested volatility is between 1776 and 1793.
 

The latest unemployment rate in Hong Kong has further dropped to 5%, and it has continued to see a low level of more than one year. Some scholars believe that consumer vouchers have stimulated the labor demand of some industries. Before the investment of enterprises has not improved significantly, COVID-19 variant virus.

It has distorted the ecology of the job market, and it is estimated that the unemployment rate in Hong Kong will bottom out when it falls back to 4%, making it difficult to return to the pre-epidemic level. Tencent, which is supervised by the mainland, announced its results yesterday, and earned 28% more in the second quarter, which was better than the market expectation.

During the period, the game revenue increased by 12%, which was mainly driven by corporate services and advertising, and the growth of international game business revenue, which offset the compression of the Chinese market. Driven by the ideal performance of former shareholders and the decline of unemployment rate in Hong Kong,

Hong Kong stocks rebounded yesterday, with Hang Seng Index rising 0.47% to close.

European data are uneven, and the growth of consumer prices in Britain is slowing down and worse than expected, but in the euro zone, the same data recorded growth, which is in line with market expectations. The three major European stock markets developed independently yesterday, the German DAX index

Up 0.28%; The CAC index in Paris, France fell by 0.13%; Britain's FTSE 100 index fell 0.76%. The minutes of the July meeting of the US Open Market Committee suggest that the purchase of bonds can be reduced as soon as possible this year, and the market is worried about the reduction of liquidity

It is difficult to support the growth of enterprises, the US stock market has been greatly inserted, the three major indexes on Wall Street have fallen across the board, and the Dow Jones index has fallen by 1.08%; The S&P 500 index fell 1.05%; Nasdaq index fell 0.89%. American Open Market Commissioner

From the minutes of the meeting held in July, it can be seen from the report that there is still no consensus on reducing the scale of debt purchase and the rest of the timetable! The minutes recorded that most participants agreed that the COVID-19 variant virus strain was extensive

Communication will temporarily delay the overall restart of the economy, and the employment situation has not made further progress, especially in the labor market demand.

Members generally agreed that it might be appropriate to shrink the table this year. Some participants suggested that it would be prudent to prepare to slow down the pace of asset purchase relatively quickly, but stressed that only when further substantive progress is made,

Will reduce the pace of buying debt. Despite this, the minutes also mentioned the way to reduce the table in the future, and most officials thought that it would be more beneficial to reduce the purchase of mortgage certificates and national debt in proportion. Gold rose slightly yesterday,

The virus and the situation in the Middle East supported the gold price to rise in the early stage, with the highest price of gold reaching 1,794 US dollars. After that, the US housing construction permit increased by 2.6%, which was better than expected. The gold price fell under pressure and the lowest price was 1,777 US dollars. As seen in the minutes of the Open Market Committee,

Fed officials have yet to reach a consensus on reducing the scale of debt purchase and the rest of the timetable, and the price of gold began to rebound, closing at $1,787 yesterday, up $1.

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