Weekly

November 12th

Today's volatility range:

Yesterday, the United States lacked important economic data. The inflation data, which reached the highest level in 31 years earlier, continued to ferment, and gold continued to play its anti-inflation function, appreciating for 6 days. The market bet on inflation growth over economic recovery,

Hedging inflation with gold, on the other hand, although sustained inflation supports the rise of gold price, it also causes market concerns, fearing that the Federal Reserve will raise interest rates early; Influenced by the two-edged sword of inflation, the gold market was struggling yesterday.

At $1860, whether it can stabilize this point is the key to a breakthrough. Today's suggested volatility is 1854 to 1868 dollars.

The People's Bank of China posted a map on the official micro-letter, showing that the personal housing loan in the Mainland increased by 348.1 billion yuan last month. The intention of such a high-profile information release to the market is obvious, indicating that the bank's mortgage loan is accelerating.

Earlier, the authorities even voiced that some financial institutions had some misunderstandings about the "three red lines" rule, which made the projects that should have been reasonably supported unable to get loans, hoping to stimulate market transactions through information and become mainland real estate enterprises.

Increase income and reduce the risk of debt default. The "three red lines" set by the People's Bank of China are expected to be relaxed, and domestic stimulus housing stocks generally rebounded by 4-12% yesterday. Yesterday's "Double Eleven Singles Day" was held in a low-key manner.

However, this year's business volume is still at a new high. Tmall, a subsidiary of Alibaba, recorded a turnover of 540.3 billion yuan. JD.COM, its main rival of e-commerce platform, also said that the sales in double 11 this year was 311.1 billion yuan.

Yesterday, a number of technology stocks were fired by Singles Day. Hong Kong stocks first fell and then rose, and the Hang Seng Index finally rose 1.01% to close, regaining the 25,000 mark. Yesterday, Britain announced its third-quarter GDP, and the quarterly growth was slightly lower than expected.

However, the market is full of confidence, and it is expected that the British economic recovery will keep pace, with the FTSE 100 index rising by 0.62%. European stock markets also rose, and the market digested the expectation that the European Central Bank might raise interest rates early, coupled with large-scale US investment.

The bank issued a report, optimistic about the performance of European stock market in the coming year, and CAC index in Paris, France rose by 0.21%; Germany DAX index rose by 0.11%. Disney's dream is no longer there, and the income of the people affected by the epidemic has been greatly reduced, and it relies on increasing income.

Another engine, Disney Streaming Media, also turned off. Last quarter, both the number of paying users and the number of people on stage were less than market expectations, and the stock price dropped by 7%, the biggest drop in a single day in one and a half years.

The Wall Street stock market developed individually, and the Dow Jones index fell by 0.44%. Standard & Poor's 500 Index rose by 0.06%; The Nasdaq index rose 0.52%. Yesterday, the United States lacked important economic data, which earlier hit the highest level of inflation in 31 years.

The data continues to ferment, the market bet that inflation growth is better than economic recovery, the US dollar continues to rise, the US dollar index rises above 95.3 level, and the yield of 10 US Treasury bonds is approaching 1.6%. The price of gold is not afraid to be suppressed, just as it is rising!

The lowest price of gold was $1,843, and the highest price was $1,866. After that, the market took profits and finally closed at $1,862, up by $13.

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