Daily

war of attrition

2022-06-13

June 13th

Today's amplitude range

Russia and its partners, together with the western countries led by the United States, have fought a war of attrition on both military and economic levels! However, the prolonged war also worsened global inflation, and the annual inflation rate in the United States peaked again.

Last Friday, bulls bet that the Fed would not raise interest rates vigorously, so as not to hit the economy. The market is highly concerned about the results of the interest rate meeting of the United States Federal Reserve, which was unveiled in the early morning of June 16th. Actually, the nominal interest rate is still calculated.

The key to real inflation; With the inflation of gold price moving up its fluctuation space, the short-term has found support at 1850 yuan. It is suggested that today's wave is between $1855 and $1878.

Last week, there were signs that the mainland government was deregulating the Internet industry. The mainland media reported that some online games were approved by the mainland and got the batch number on the shelves, contrary to the earlier Chinese president's hand.

The impression of the policy of controlling online games, the market hopes that the supervision will further loosen the technological industry. In addition, foreign media reported that the Chinese government had completed the review of Ant Group and allowed it to restart its listing and offering.

Plan, but the two sides denied this arrangement, but there is no reason for it. It is only time for ants to re-list after observing the recent positive performance of the Chinese government and changing the previous regulatory policy that stretched too long.

Intersexual problems. Hang Seng Index closed at 21,806 points, up 724 points or 3.4% for a week.

Last Thursday, the European Central Bank announced the result of the interest rate discussion and kept the interest rate unchanged. However, after the meeting, it was revealed that it was predicted to start raising interest rates by 0.25% in July. European Central Bank President Lagarde also changed the previous vague policy, clearing

It shows that inflation continues to rise, and the European Central Bank will raise interest rates step by step, which means that the euro zone will end the era of negative interest rates that lasted for more than eight years. The signal of raising interest rate triggered a wave of stock selling, which summed up for a week.

The three major European stock indexes fell across the board, with Germany's DAX index falling 4.82%; Paris CAC index fell 4.6%; Britain's FTSE 100 index fell 2.86%. Global inflation continues to rise, and the World Bank cuts this year

Global growth to 2.9%, while sounding the alarm that if the inflation rate continues to be high, there is a chance of stagflation.

Investors are worried about the economic slowdown. Last Wednesday, U.S. stocks reversed their upward trend and began to fall. Last Thursday, the news that the European Central Bank raised interest rates early and the unfavorable data that the annual inflation rate in the United States peaked again intensified.

The decline of U.S. stocks. In a week, the three major stock indexes of Wall Street fell by more than 5%, and the Dow Jones index fell by 4.58%; The S&P 500 index fell 4.99%; The Nasdaq Composite Index fell 5.61%. Jinshishang

Last Friday, the U.S. consumer price index peaked again, with an increase of 8.6% from the previous month, indicating that inflation in the U.S. continues to deteriorate, while the consumer confidence index of the University of Michigan reported that 50.2 was worse than expected.

It was also revealed that under the condition of worsening inflation, the negative views of the public, the bulls in the gold market made an excuse to attack, and the price of gold surged by more than 50 US dollars after bottoming out. Last Friday, the highest price was 1876.

USD, the lowest gold price was USD 1825.1, and finally closed at USD 1871.6. In a week, the price of gold rose by $20.50.

For detailed analysis and operation suggestions, please CLICK the following link to join the group and ask the administrator.
https://t.me/mingtak



Previous Article Next Article