Weekly

October 5(th)

Today's volatility range:

The default of real estate debt in the Mainland has exploded again, and China's economy is in danger at all levels. However, US President Biden warned that the United States may default on its debt, and the two largest economies in the world are in debt crisis, which can be said to be brought about by unlimited quantitative easing.

It is necessary for the Federal Reserve to withdraw from the market, and once the Fed starts to shrink its table, it will be detrimental to the future trend of the gold market. Tomorrow's focus will be on non-agricultural data in the United States, but today it may lack direction, so it is better to speculate on volatility. Today's suggested volatility is between $1758 and $1772.

According to the market, Hesheng created and acquired Evergrande Property Management, which was split from Evergrande Real Estate. However, even if the transaction is successful, the proceeds can only be said to be a drop in the bucket for the total debts of Evergrande Group.

Evergrande's debt default has already made investors feel the crisis brought by the high leverage of mainland real estate. Yesterday, another real estate Hesheng Company, Fantasia Nian, issued an announcement, saying that it failed to repay the priority notes with the original due principal totaling US$ 500 million, and the remaining outstanding principal amount was nearly US$ 200 million.

According to the company, affected by repeated epidemics, industrial policies, macroeconomics and other factors, the liquidity of the company has become tense. The company is liaising with local governments, financial institutions and financial advisors to set up an emergency team, hoping to resolve the staged difficulties as soon as possible.

The mainland real estate debt defaulted again, and the Ministry of Industry and Information Technology had to supervise the algorithm of Internet information service, so the technology stocks fell again.

Yesterday, the stock market was shattered. At most, the mainland real estate debt defaulted again and fell below 24,000 points. The Hang Seng Index finally fell by 540 points, with a drop of 2.19%. Although it could close at more than 24,000 points, it was still crumbling!

Three major European stock markets fell for three consecutive days. Guindos, deputy governor of the European Central Bank, said that inflation is expected to continue to rise in the next two to three months.

The market is worried that the operating costs of enterprises will affect profits. In addition, the real estate debt default in the Mainland has once again exploded, and technology stocks have been sold off.

The three major European stock markets have fallen across the board, and the German DAX index has fallen by 0.79%. France Paris CAC index fell 0.61%; Britain's FTSE 100 index fell 0.23%.

The US stock market also fell due to the impact of debt default. The market is worried not only about mainland enterprises, but also about the United States itself. U.S.

President Biden said that if Congress fails to raise or freeze the debt ceiling within two weeks, the U.S. may default on its debt. The yield of U.S. 10-year treasury bonds once fell by 1.5%, while interest-sensitive technology stocks led the decline.

Nasdaq index and Dow Jones index both fell by more than 300 points. The three major indexes on Wall Street fell across the board yesterday, with Dow Jones index falling by 0.94% and S&P 500 index falling by 1.3%. Nasdaq index closed down 2.14%.

Yesterday, the gold market fell first and then rose, and the price of gold fell in Eurasia. When it entered the US market, the US stock market fell, and US President Biden warned that the US might default on its debt.

The market demand for safe haven increased, which stimulated the price of gold to rise by 20 dollars. The gold price was as low as $1,748 and as high as $1,771, and closed at $1,770, up $9.