Weekly

January 19th

Today's volatility range:

International oil price enterprises have been at a high level in the past eight years, highlighting that the United States is under the biggest inflationary pressure in the past 50 years, the market expects the Fed to raise interest rates early, and the yield of 10-year US Treasury bonds has returned to the pre-epidemic level.

Put pressure on the gold market. It is expected that the price of gold will still fluctuate between 1780 and 1820 before the interest rate meeting date. Today's suggested volatility ranges from $1806 to $1818.
 

Yesterday, Hong Kong released the unemployment figures for the last quarter of last year. The figures show that the number of unemployed people has dropped for ten consecutive months, but the number of unemployed people in Hong Kong is still as high as 140,000. Although official figures show that the labor market has improved, it is new.

A wave of epidemic has been quietly killed, not to mention the most damaging tourism industry. Even the catering industry, which has slightly improved, has returned to the hard battlefield because of the government's tightening of epidemic prevention measures, and the customs clearance in the mainland, which the government has focused on, has been delayed.

The prospect is not optimistic; The longer the local epidemic drags on, the worse the economic performance of Hong Kong will be! The Hang Seng Index is facing the challenge of falling below the 24,000 mark again. Hong Kong stocks rose first and then fell yesterday, and finally closed down by 105 points or 0.43%.

British Prime Minister Johnson faced a political crisis because he still held a party during the epidemic, and as many as 30 letters were submitted by Conservative MPs to express his distrust of Johnson. Johnson will present it voluntarily? Who will succeed him?

The missing position?

It added a new unstable factor to the Brexit and epidemic situation in Britain. In addition, the newly announced number of people applying for unemployment benefits in the UK is larger than expected, which also affects the performance of European stock markets, with the German DAX index falling by 1.01%; Paris, France

CAC index fell by 0.94%; Britain's FTSE 100 index fell 0.63%. When the US stock market reopens after the holiday, it is selling now, and the international oil price has reached the highest level since 2014, which highlights the distorted rise of inflation in the epidemic, and at the same time, aggravates the market pair.

According to the Federal Reserve's forecast of raising interest rates early, the yield of 10-year US Treasury bonds soared, reaching 1.88%, which directly pushed the level before the Covid-19 pandemic. Bond prices fell, which lowered the attractiveness of the stock market and the three major Wall Street indexes.

Fall sharply, Dow Jones index fell 1.51%; The Standard & Poor's 500 index fell 1.74%, and the Nasdaq index fell 2.66% to close. International oil price enterprises have been at a high level in the past eight years, highlighting that the United States is in the biggest inflation pressure in the past 50 years.

Force. Due to the rising inflationary pressure, the market's expectation for the Fed to raise interest rates early is heating up, and the yield of 10-year US Treasury bonds has returned to the pre-epidemic level, which has become an unfavorable factor in the gold market. Yesterday, the lowest price of gold was $1,805.8, the highest.

1822.8 dollars, and finally closed at 1813.8 dollars, down 5.5 dollars.

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