Weekly

January 13th

Today's volatility range:

The inflation in the United States continues to heat up, breaking the new high in nearly 40 years, and the early moderate speech of Federal Reserve Chairman Powell at the congressional testimony eliminates the pressure of the Federal Reserve to raise interest rates early. Gold price became anti-inflation yesterday.

Investment tools, however, the period when the United States begins to raise interest rates should not be far off, and it is still waiting for the high level to be empty. Keep yesterday's suggested range of 1,800 yuan to 1,828 dollars.

Following the early upward trend of U.S. stocks due to the moderate attitude of Federal Reserve Chairman Powell, Hong Kong stocks opened 330 points higher yesterday. After that, the National Bureau of Statistics released the consumer price index of mainland residents, and the data showed inflation in the mainland.

There was a drop, which provided a space to stimulate the rise of technology stocks. After that, Hong Kong stocks rose more and more, and the Hang Seng Index finally rose by 663 points or 2.79%, and the turnover was also lively, reaching HK$ 153.6 billion. Federal Reserve Chairman Powell

When attending the congressional witness meeting, the speech was not as hawkish as expected, eliminating the market pressure on the United States to raise interest rates early. The yield of 10-year US Treasury bonds dropped from a high level, catalyzing the pursuit of risk markets. Europe's top three yesterday

The stock market rose across the board, with the German DAX index rising by 0.43%; Paris CAC index rose by 0.75%; Britain's FTSE 100 index rose 0.81%.

Just as Federal Reserve Chairman Powell said when attending the congressional testimony, US inflation will continue for a while, and the newly released US inflation data is supporting Powell's statement that last night, US core consumption

The price index increased by 5.5% year-on-year higher than expected, while the American consumer price index rose to 7% year-on-year, the highest since 1982. After the release of inflation data, several Federal Reserve made speeches on inflation respectively.

In his speech yesterday, Federal Reserve official Brad said that in the case of high inflation, there is a great possibility of raising interest rates in March, and warned that there may be four interest rate hikes in 2022, knowing that Brad was on the 12th of last year.

At the meeting on interest rates in June, he was one of many representatives who supported raising interest rates three times this year, and his hawkish position was obvious. Brainerd, another Fed governor, is more moderate. He agrees that the inflation rate is too high.

Admittedly, slowing down excessive inflation is the most important task of the Federal Reserve, but he also pointed out that while reducing inflation, it is also necessary to maintain economic recovery. He pointed out that the Federal Reserve should focus on maintaining the strength and resilience of the financial system, which is the first task.

Is to protect economic benefits and help economic recovery. Daley, another Fed official, said that the supply and demand will reach a balance as much as half a year, which will naturally lower inflation, and said that interest rate hikes could be started as early as March.

The International Monetary Fund warned the world to face greater uncertainty and potential turmoil under the threat of Covid-19, but pointed out that inflation had a chance to fall in the short term. Combined with the early speech of Federal Reserve Chairman Powell, the market thought that the United States

Inflation will be controlled, offsetting the pressure of the Federal Reserve to raise interest rates early. The three major Wall Street indexes rose for the second consecutive day across the board, and the Dow Jones index rose by 0.11%. The Standard & Poor's 500 Index rose 0.31%, and the Nasdaq Index rose 0.23% to close.

Inflation in the United States continues to heat up, breaking nearly 40 years since the United States ushered in a new high. In addition, Federal Reserve Chairman Powell made a speech at an early congressional testimony, and his comments on current inflation in the United States were mild, which eliminated the possibility that the Federal Reserve would raise interest rates early.

Pressure, the lowest price of gold was 1814.8 yesterday. After the inflation data was released, the highest price of gold was 1828.1 USD, and finally it closed at 1826.2 USD, up 4.6 USD.

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