Weekly

December 20th

Today's volatility range:

The new variant virus Omicron is raging all over the world, and the global president of Pfizer Vaccine even said that by 2024, COVID-19 will turn into an endemic epidemic. The implication is that the world will not be able to repel the virus, but will have to compromise.

Co-existence with it will increase the cost of living. On the other hand, the low-interest environment in the United States may change, but it is announced that it will be linked to the American job market. Under the pandemic, the pace of interest rate increase by the Federal Reserve will become even more rampant.

Confused. On the contrary, Britain unexpectedly raised interest rates by 15 ideas to cope with inflation, which weakened the strength of the dollar and became the reason to support the gold market. On Friday, the gold price failed to break through $1,800, but it is still expected.

Will continue to challenge this position. Today's suggested volatility ranges from $1,790 to $1,808.

Last week, Hong Kong's stock market fell more or less. The Unicorn Shang Tang Group was accused by the United States of helping China to crack down on human rights with its face recognition technology, so it was included in the sanctions list by the United States government. Shang Tang Group also avoided due to sanctions.

Legal risks delayed the listing plan, and Hong Kong stocks suffered losses on Monday, which kicked off the subsequent decline. Bad news kept coming from the mainland, saying that Evergrande had been appointed by the Guangdong provincial government to suspend all projects.

It intends to take back some land unconditionally. If so, Evergrande Group, which is the largest real estate developer in China, will go bankrupt soon! Another bad news is that Chinese regulators plan to ban mainland securities firms from the United States.

Internet brokers cooperate to provide offshore trading services to mainland customers. According to foreign media reports, the mainland cracked down on securities firms this time because of concerns about data security and capital outflow, and mainly aimed at buying and selling US stocks or

For US financial products, mainland securities firms with overseas cooperation may receive official notice in the next few months. Whether this is China's response to the US blacklist of Chinese-funded enterprises is not difficult to guess, but ultimately China and the United States.

It's hard to know who can have the last laugh in the game, but it's inevitable that investors will suffer first! In a week, Hong Kong stocks fell by 803 points or 3.35%, hitting a new low in recent half years.

In the past week, the Covid-19 epidemic in Europe has become more and more severe. In the past week, more than 90,000 people have been infected for two consecutive days, and the number of deaths caused by Omicron virus in Britain has risen to seven. British Prime Minister Johnson

And warned the public that Britain is facing a wave of Omicron infection and will continue to implement social isolation measures. The International Monetary Fund commented on the situation of the British economy next year, saying that in order to contain it

The spread of Omicron has tightened epidemic prevention restrictions, posing a downside risk to the future, and lowering the UK economy to a "moderate slowdown" early next year. On the other hand, the Bank of England unexpectedly raised interest rates last Wednesday, further hitting the risk market.

Last week, the three major European stock market indexes reported a full decline, and the German DAX index fell by 0.59%. Paris CAC index fell by 0.93%; Britain's FTSE 100 index fell 0.3%.

Last week, US stocks recorded their worst performance in a month. On Tuesday, as expected by the market, the Federal Reserve announced that the result of the interest rate meeting would remain unchanged. Federal Reserve Chairman Powell also indicated that he would end the bond purchase plan early, and hinted at raising interest rates early.

However, we still need to observe the employment data under the epidemic situation. Although the rhetoric is mild, the interest rate hike has made the dollar rise and depressed the performance of the stock market. On Friday, three Fed officials spoke in support of raising interest rates in the first quarter of next year to stimulate avoidance.

Risk demand, the Federal Reserve's reverse repurchase broke 1.7 trillion US dollars for the first time, further increasing the decline of US stocks. In a week, the Dow Jones index fell by 1.65%; Standard & Poor's 500 Index fell 1.9%; NASDAQ was the worst performer, dropping 2.89%.

Close the market.

In order to cope with inflation, the Bank of England suddenly raised interest rates to 0.25%, and the gap between British and American interest rates narrowed to zero, which hurt the US dollar. In addition, the US labor data was worse than expected, and the price of gold challenged 1800 US dollars last Thursday. Gold market appeared on Friday.

Perfect "inverted V" trend. When the gold market opened, the lowest price was $1,795.8, and then before the Asian-European session, it rose steadily, and broke through the $1,800 mark and rose to $1,814.3. After the opening of the US market, many Fed officials

They supported raising interest rates in March next year, including new york Fed President Williams, Federal Reserve Governor Waller and San Francisco Fed President Daley; Williams is the third person in the Federal Reserve. Of course, his speech is more authoritative, but it is worth it.

Attention is paid to Daley, who changed from pigeon to eagle. Because she still supported the easing policy earlier, the US dollar index surged to 96.7, and the gold price dropped to the highest level, and finally closed at 1,798.2 US dollars, down 1 US dollar. To sum up, the price of gold rose by $15.3 in a week.

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