Weekly

November 11th

Today's volatility range:

Last night, the US released inflation data. Last month, the consumer price index rose by 6.2% year on year, and the inflation rate broke through "6" for the first time, the highest level in 31 years. The market bet that inflation growth is better than economic recovery, and gold is used to hedge inflation.

The gold market once exploded. On the other hand, although sustained inflation has caused the price of gold to rise, it has also caused market concerns, fearing that the Federal Reserve will raise interest rates early, and then the price of gold will be under pressure. Today's suggested volatility is 1838 to 1856 dollars.

Covid-19 is raging all over the world, and Hong Kong is an outward-oriented economy, especially influenced by the external economy. Last year, the economy experienced a severe recession, and the income of the grassroots declined, making people's lives miserable. The government announced yesterday

According to the 2020 Hong Kong Poverty Report, there were 703,000 poor households, 1.653 million poor people in Hong Kong last year, and the poverty rate was 23.6%, that is, about one out of every four Hong Kong citizens lived below the poverty line.

Last year, the government introduced a series of extraordinary measures totaling more than 300 billion yuan to stabilize the economy and relieve the pressure of life faced by the grassroots, and pointed out that if the government did not intervene in a timely manner, the poverty situation in Hong Kong might be even worse.

There is a liquidity problem in mainland real estate. Merger and acquisition of enterprises is one of the feasible methods. However, if some debt-bearing acquisitions are to be made, the acquirer's "three red lines" will be broken, and some state-owned enterprises have suggested that the regulatory authorities should relax.

"Three red lines" related indicators, in order to promote the acquisition of the problem of indoor enterprises.

On the other hand, according to the financial statistics released by the People's Bank of China yesterday, it is pointed out in a high-profile way that private medium-and long-term loans in October surpassed enterprise medium-and long-term loans for the first time since July 2020, indicating that banks' investment in mortgage loans is accelerating.

China property stocks rebounded yesterday. In addition, Tencent announced its results after the market closed, and investors stole the steps to buy, which stimulated the stock price to rise by more than 4% and led other technology stocks to rise. The Hang Seng Index rose by 0.2% to close the market yesterday. British retailer Martha's interim results

Better than the market expectation, and it is expected that the annual performance will be better, with the share price rising by 16% and the FTSE 100 index rising by 0.91%, the biggest increase in a month. While European bond prices fell, and the market expected

The European Central Bank raised interest rates ahead of schedule, and the bond yield increased to support the performance of banking stocks in the region, with CAC index in Paris, France rising by 0.03%; Germany DAX index rose by 0.17%.

The United States announced last month that the consumer price index rose by 6.2% year-on-year, worried that the high inflation environment in the United States would continue to damage the economic recovery, and worried that inflation would cause the Federal Reserve to raise interest rates early. Wall Street stock market fell for two consecutive days, Dow Jones

The index fell by 0.66%; Standard & Poor's 500 Index fell 0.82%; The Nasdaq index fell 1.6%. Last night, the US released inflation data. In October, the annual and monthly growth rate of the consumer price index was higher than market expectations, with an annual increase of 6.2%.

The inflation rate broke through "6" for the first time, the highest level in 31 years; On a monthly basis, it increased by 0.9%, which is still larger than that in September. In the core consumer price index of the United States, it increased by 0.6% month-on-month, which also greatly exceeded expectations, indicating that inflation continued.

Warming up, the market bet that inflation growth is better than economic recovery. After the data was released, although the yield of US dollar and 10-issue US Treasury bonds rose, it still failed to suppress the rise of gold price, the highest of which was US$ 1,868. After that, the market took profits.

It finally closed at $1,849, up $17.

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