Weekly

November 15th

Today's volatility range:

The global epidemic has rebounded, and there have been cases in China one after another, or a narrower bottle in the supply chain continues to push up inflation. In addition, the central banks of developed countries around the world still have no confidence in the overall economic recovery and continue to maintain it.

Low-interest environment is favorable for the gold price market outlook. However, inflation is a double-edged sword. Although the Fed can't raise interest rates immediately, it can at least mobilize the scale of debt reduction and accelerate the scale reduction to show the confidence of raising interest rates to influence the market. gold price

Last week, it stabilized at $1,845 and tried $1,868 several times. The bulls in the market outlook have the ability to push again and open the gap of $1,870. Today's suggested volatility is 1858 to 1875 dollars.

The "Double Eleven Singles Day" was held in a "low profile" last week, and the State Administration of Market Supervision made another move, ordering to regulate the online promotion activities of "double 11", which added gloom to the sales prospects of online shopping activities this year, but this year's business volume

Still a record high, Tmall, a subsidiary of Alibaba, recorded a turnover of 540.3 billion yuan, and JD.COM, its main e-commerce platform rival, also indicated that the sales in double 11 this year was 311.1 billion yuan. Yesterday, a number of technology stocks

"Singles Day" is fried. There is a liquidity problem in mainland real estate, and enterprise merger and acquisition is one of the feasible methods. However, if some debt-bearing acquisitions are to be made, the "three red lines" of the acquirers will be broken through, and there will be state-owned enterprises.

It is suggested that the regulatory authorities should relax the relevant indicators of the "three red lines" in order to facilitate the acquisition of problematic indoor enterprises.

On the other hand, according to the financial statistics released by the People's Bank of China yesterday, it was 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.

The news stimulated the rebound of real estate stocks. In a week, the Hang Seng Index rose by 2.36% and regained the 25,000 mark. Last week, the UK announced its third-quarter GDP, and the quarterly growth was slightly lower than expected, but the market was confident enough to expect the UK.

The pace of economic recovery remains unchanged and is reflected in the performance of British retail stocks. European stock markets also performed well. The market digested the expectation that the European Central Bank might raise interest rates early. In addition, a large American investment bank published a report, which was optimistic about European stocks.

Market performance in the coming year, summing up one week, the three major European indexes rose across the board, and CAC index in Paris, France rose by 0.71%; Germany DAX index rose by 0.33%; Britain's FTSE 100 index rose 0.6%.

Inflation in the United States has deteriorated, and consumer confidence in the United States has fallen to a new low of nearly 10 years at high inflation, while Tesla CEO Musk reduced his holdings of Tesla shares by 10% after the share price reached a new high, and Tesla shares fell, plus some enterprises.

The income forecast was lower than expected, which also affected the performance of the market. In a week, the three major Wall Street indexes softened after hitting a record high, and the Dow Jones index fell by 0.87%. Standard & Poor's 500 Index fell 0.4%; The Nasdaq index fell 0.84%.

The market bet that inflation growth was better than economic recovery, and the gold market played an anti-inflation role, rising for two consecutive weeks. Last Wednesday, the United States released inflation data. In October, the annual and monthly growth rate of the consumer price index was higher than market expectations, and it rose year by year.

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 addition, the core consumer price index of the United States increased by 0.6% month-on-month, which also greatly exceeded expectations, indicating inflation.

Keep heating up. After the data was released, the US dollar continued to rise, the US dollar index rose above the level of 95.3, and the yield of 10-term US Treasury bonds was approaching 1.6%. The gold price was not afraid to suppress, and maintained the momentum of 7 consecutive rises. In a week, the price of gold rose by 46.5 dollars.

It rose for the second consecutive week, and the total rose by more than $80 in two weeks.

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