Weekly

September 16th.
 
Today's volatility range:

Yesterday, the gold price softened and once again fell below the $1,800 mark. The US manufacturing data recorded a strong increase. The yield of the US 10-year Treasury bonds rebounded from a low level, which suppressed the fall of the gold price. Yesterday, the gold price failed to stabilize at $1,802.

Re-enter the callback situation of a wave of rebound after the great adjustment on August 9th, and test the resistance and support of gold ratio of 0.236 and 0.382. It is expected that the price of gold will continue within this range until the US announces the interest rate next week.

Shock, the suggested volatility is between 1785-1802 USD.
 

Evergrande finally confirmed that it hired two financial consultants for debt restructuring. One of the consultants, Hualian, the parent company of Hualian Nuoji (China), is a well-known brand of global debt distress and bankruptcy restructuring, and went bankrupt in 2020.

Ranked first in the industry, and Hualian helped Neifang Jiazhaoye survive the bankruptcy crisis in 2015, but this time Hualian's handling of Evergrande case should be even more difficult. First, Evergrande has a huge debt, and the Group's current total debt is 1.97 trillion yuan.

Rmb, the creditors involved in the code are more complicated. Second, it is more difficult to operate the interior houses than before. Chinese regulators have cracked down on the excessive borrowing habits of real estate developers and set three red lines, making financing more difficult and operating costs more.

Higher. Third, the myth of buying a house to get rich in China has been disillusioned, and with the tightening of mortgage by banks, China's property market is not as good as before, and it is not easy for Evergrande to declare its cash and pay its debts.

 
During the public consultation on the revision of the gambling law in Macao, the market worried that the mainland's well-regulated hand would point to the gambling industry, and a large number of gambling stocks in Hong Kong fell, while the bankruptcy of Evergrande continued to ferment, and the domestic and domestic banking stocks were still under pressure, which dragged down.

In the overall market, Hong Kong stocks fell repeatedly, falling by nearly 25,000 points, and the health index closed down by more than 1.84%. The European variant virus has affected the sales of famous brands, and the salary in the second quarter of the Eurozone has regressed, which is not conducive to the consumer market. Yesterday, luxury stocks.

Yesterday, the three major European stock markets reported overall declines. France is the country of fashion brands, with the largest decline. The CAC index in Paris, France fell by 1.04%. Germany DAX index fell 0.68%; Britain's FTSE 100 index fell 0.25%.

Last night, the United States announced the import and export price index for August, in which the import price index fell for the first time since October last year. The data showed that the upward trend of inflation in the United States had leveled off, while the US Department of Labor announced the increase of the manufacturing index of the new york Federal Reserve in September.

Strong, with growth exceeding expectations by more than 90%. The data supports the risk market. The three major Wall Street indexes rose across the board, and the Dow Jones index rose by 0.68%. The S&P 500 index rose 0.85%, while the Nasdaq index got rid of the trend of falling for five consecutive days, and rose 0.82% to close.

Yesterday, gold softened and once again fell below the $1,800 mark. Yesterday, the yield of US 10-year Treasury bonds rebounded from a low level, surpassing the level of more than 1.3%. Coupled with strong US economic data, gold prices fell under pressure. Yesterday, the highest gold price was $1,807.

The lowest price was $1791, and it closed at $1894, down $11.

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