Weekly

August 20 th

Today's volatility range:

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, the global quantitative easing has seen the end, but the time has not yet come.

The economic data of the United States is improving, and the employment data is improving, pointing to the fact that members of the Committee for Supporting Open Market began to reduce the possibility of buying debt this year. The price of gold is relatively weak in the trend. There is no more important data today, and the gold market is expected

It still fluctuates within a narrow range. The suggested amplitude is between 1776 and 1790.

The Census and Statistics Department announced yesterday that the latest consumer price index rose by 3.7% year-on-year. Excluding the impact of all government one-off relief measures, the basic inflation rate in July was 1%. The government said that it was mainly due to eating out and

The increase in take-out expenses and the increase in local transportation expenses were caused. A government spokesman added that the sustained recovery of the local economy and the rise in import prices may bring some upward pressure on prices, but because the local economy is still below

Under the level of production capacity, basic inflation should be kept under control in the short term, and the government will continue to pay close attention to the situation. Some scholars pointed out that while the coupons distributed by the government helped the catering market, the Olympic Games were held at the same time.

Events or dissemination in major shopping malls, coupled with the outstanding performance of Hong Kong athletes, will also help to increase people's consumption desire and push up prices.

Mainland regulators solicited opinions and made an example of the e-commerce business on the regulatory pipeline. Technology stocks reappeared yesterday. The Hang Seng Technology Index fell nearly 3% and closed at 6044 points, which was the lowest in history since the technology index;

Hang Seng Index plunged more than 550 points or 2.13%, the lowest level in three weeks. With the increase of COVID-19 variant cases in the world, the economic prospect is in jeopardy, the crude oil price declines, investors choose to withdraw from the risky market, and Asian stock markets generally fall;

Following the decline of Asian stock markets, European stock markets opened lower and closed lower yesterday. The closing declines of the three major European stock markets narrowed, but the decline was still large, and the German index index fell 1.52%; The index of Chengdu Aircraft Company in Paris, France fell 2.43%; Britain's FTSE 100 index fell 1.54%.

The minutes of the July meeting of the US Open Market Committee suggested that the purchase of bonds could be reduced as soon as possible this year. Under the drag of the decline in cyclical stocks, the Dow fell for three consecutive days, the three major indexes on Wall Street were divided, and the Dow Jones index fell by 0.06%; S&P 500 Index

Up 0.31%; Nasdaq index rose 0.43%.

Last night, the United States announced the number of people applying for unemployment benefits for the first time last week, which was 348,000 higher than expected. It fell for the fourth consecutive week and hit a new low since the outbreak of the epidemic, indicating that the labor market is accelerating recovery.

At 10 o'clock last night, the United States announced that the leading index increased by 0.9%, which was better than expected. Although the market paid less attention to this data, it integrated various economic indexes and more clearly provided the previous situation of the current US economy.

Combined with the employment data released earlier, the US dollar index soared to 93.56. The US economic data is going forward, and the number of people applying for unemployment benefits has fallen for the fourth consecutive week. The data points to the support of the open market Committee members to start shrinking this year

The possibility of buying debt, the dollar appreciated and the price of gold fell under pressure. Yesterday, the highest price of gold was $1,792, and the lowest price was $1,774, closing at $1,780, down seven dollars.

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