Weekly

December 16th

Today's volatility range:

As expected by the market, the United States announced that the result of the interest rate meeting would remain unchanged. Federal Reserve Chairman Powell said that he would end the bond purchase plan early, and suggested raising interest rates early, but we still need to observe the employment data under the epidemic situation.

The market swept away the haze of early interest rate hike in the United States, and the pressure on the gold market decreased slightly and rebounded. Although the price of gold once fell to $1,753, it rebounded at the bottom. It can be said that $1,760 still has support. Today's suggestion

The volatility is between $1765 and $1782.

Bad news keeps coming from the mainland; Chuan Evergrande was appointed by the Guangdong provincial government to the working group of the enterprise to suspend all projects, and intends to unconditionally recover some land. If so, it is the biggest real estate development in China.

Shang Evergrande Group should not be far away from bankruptcy! Another bad news is that China and the United States are facing each other. Eight Chinese-funded enterprises have been blacklisted by the United States, including DJI, a commercial drone manufacturer.

Innovation, etc., the United States cited the list of "China's military-industrial complex enterprises" as the reason, and said that these companies were accused of participating in the monitoring of Uighur Muslims, so sanctions were imposed, and the Chinese economy was still under the epidemic situation.

After experiencing internal and external troubles, the future is full of thorns.

Unfavorable news hit the performance of Hong Kong stocks. The Hang Seng Index fell for the fourth consecutive trading day, with a maximum drop of more than 300. The closing decline narrowed, and it still fell by 215 points or 0.91%. The number of infected people in the UK has been renewed.

The coronavirus has reached a new high since the pandemic, according to British Health Secretary Dzhavid, but the Omicron virus accounts for 60% of COVID-19 infections, and the government has ignored the social restriction measures, even though the government understands the public's reluctance.

Italy is under control, but the epidemic cannot be allowed to heat up. The epidemic situation in Britain deteriorated, causing the three major European stock markets to develop separately, and the German DAX index rose by 0.15%. Paris CAC index rose by 0.47%; British FTSE

00 index fell 0.65%. The Federal Reserve announced the results of the last interest rate meeting this year at 0: 00 this morning. As expected by the market, the Federal Reserve still maintained 0.25%, but we can see from the dot matrix that some officials tend to be next year.

Raise interest rates three times, but the conditions for raising interest rates need to be linked to the employment situation, so that there is room for raising interest rates, which is slightly doveish.

At the press conference, Federal Reserve Chairman Powell shared that the US labor market will continue to improve, but said that he couldn't see clearly how long the shortage of the labor market would last, but admitted that the economic recovery made the labor market

Achieve rapid development. Regarding the cargo policy, Powell said that we are gradually stopping buying bonds, because the economy no longer needs this kind of policy support, and that there are only two meetings left before the end of debt reduction.

Suggest to complete the scale reduction in the first quarter of next year. Finally, Powell added that no decision has been made on when to raise interest rates after the completion of debt reduction, but I believe the time will not be too long apart. It is widely expected that the Federal Reserve will advance.

In the second quarter, the interest rate will be raised 2 to 3 times, each time by 0.25%.

Investors waited for the US Federal Reserve to announce the results of the interest rate meeting later. It is generally expected that the Federal Reserve will announce that it will speed up the pace of debt purchase and send a signal to start raising interest rates earlier. The US stock market immediately fell after the opening, but with Powell's

Speech, the market swept away the haze of raising interest rates, investors actively entered the market, US stocks rose, Dow Jones index rose by 1.08%; Standard & Poor's 500 Index rose by 1.644%; Nasdaq index performed best, rising 2.15% to close.

The volatility of the gold market expanded on the interest rate meeting day in the United States, and the market expected the Federal Reserve to speed up the end of the bond purchase program. The price of gold went down in the early stage according to the instructions of the original script, and the lowest price of gold fell to the level of $1,753.1, but then the market was in the Federal Reserve.

The chairman said that although the time of raising interest rates is early, it is still conditional to raise interest rates under the epidemic situation, that is, the job market needs to cooperate with the development. The attitude of the Federal Reserve is a little pigeon, that is, the US dollar index keeps falling back from a high level, Kim.

The price rebounded strongly, rising to the highest of 1780.9 US dollars yesterday, with a high and low volatility of nearly 30 US dollars, closing at 1777.2 US dollars, up 6.7 US dollars.

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