Weekly

November 23rd

Today's volatility range:

Powell was re-appointed, and the market expected the Fed to complete the scale reduction ahead of schedule and raise interest rates ahead of schedule. The news immediately pushed up the yield of long-term and short-term US bonds, and the price of gold dropped sharply yesterday. However, on the premise of rising interest rate,

The price of gold will still be a pattern of small increase and big return. There will be the minutes of the meeting of the Federal Open Market Committee of the United States this week, which will show the position of the Federal Reserve. Today's suggested volatility ranges from $1802 to $1815.

Premier Li Keqiang holds a cautious view on the economic growth of the mainland next year, suggesting that the economy may slow down. The real estate in the mainland was one of the main engines of the country's economy in the past, and the previous President Ji Jinping advocated the policy of no housing speculation.

Under the leadership, the inner houses are bound by three red lines, and the immediate cash pressure has led to a debt default crisis in mainland real estate. Yesterday, the market reported that the Guangzhou property market was loosened, and the mortgage loan of second-hand houses did not need to refer to the guiding price.

Although it's not a direct rescue for the enterprises in the housing market, without the guidance price limit, the property market will be active again, and people's net worth in the building will no longer continue to shrink, or new owners won't have to pay extra down payment, which can naturally be changed.

Consumption mentality, promote economic activities. The mainland real estate industry financing policy has been relaxed, but international rating agencies have lowered the number of indoor enterprises on the grounds that the refinancing risk is higher than the onshore market and the financing channels are reduced.

Credit rating.

Mainland regulators keep making moves to crack down on Chinese-funded technology stocks. Yesterday, the Internet stocks still didn't get out of the shadows, which led to a weak market atmosphere. In addition, the credit rating of the inner houses was downgraded by international rating agencies, and the net sales of goods in Beishui was 2.4 billion, and Hong Kong stocks again

After falling below the 25,000 mark, the Hang Seng Index fell again and again yesterday, falling 98 points or 0.39% to close the market. The epidemic situation of COVID-19 has worsened in Europe, Germany will implement unprecedented measures to limit the epidemic situation of COVID-19 this winter, and Austria will declare the country closed.

Russia has introduced a national compulsory injection policy. European Central Bank President Lagarde once again stressed that it is not the right time to raise interest rates, while another member of the European Central Bank, and Dutch central bank president Nott, said that there is no reason to order

The European Central Bank believes that high inflation in the region will continue for some time and needs to reassess its monetary policy. Nott said that if inflation is higher than originally expected for a long time, the European Central Bank will need to raise interest rates, but he doesn't think inflation is too long.

It is believed that the upward trend will slow down before the end of next year. The three major European indexes developed individually, and the German DAX index fell by 0.27%; Paris CAC index fell 0.1%; Britain's FTSE 100 index rose by 0.44%.

US President Biden nominated Powell to serve for another four years after his term expires next year, which will be beneficial to the continuation of the Fed's policy; The market expects the Federal Reserve to speed up the tightening of monetary policy, and bet to resume raising interest rates in June next year.

The market is expected to be six months ahead of schedule. The market's response to the interest rate hike pushed up the yield of US bonds, with the yield of 10-year Treasury bonds rising above 1.6% and the yield of short-term two-year Treasury bonds rapidly rising to 0.05%, a one-year high. Interest rate rise

As a result of the pressure from the gap in technology stocks, the S&P 500 Index and Nasdaq Index dropped from high levels, falling by 0.32% and 1.26% respectively. On the contrary, the rise of interest rate supported the rise of bank stocks, and the Dow Jones index got rid of its three-day losing streak.

Up 0.05% to close. Powell was re-appointed, and the market expected the Fed to complete the scale reduction ahead of schedule and raise interest rates ahead of schedule. The news immediately pushed up the yield of short-term and long-term US bonds, and the US dollar index rose above 96.5 points. The price of gold was deep yesterday.

After the callback, the highest price of gold was $1,849, the lowest price was $1,802, and finally it closed at $1,805, a sharp drop of $41.

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