Daily

Descending along the track

2023-03-22

March 22nd

Today's amplitude interval

The confidence crisis in European and American banks has been temporarily eased, the market has gradually restored confidence, and the risk aversion has cooled rapidly. In addition, the market is concerned about the announcement of the Federal Reserve in the early hours of Thursday.

As a result of the interest rate discussion, the price of gold dropped sharply. After the gold price fell below the support of the 20-day moving average yesterday, the decline turned sharp and may go down again. Today's suggested volatility is 19.

27 dollars to 1950 dollars.

UBS's plan to spend 3 billion Swiss francs to buy Credit Suisse was settled, easing the market's worries about the risks of the financial system. US stocks rebounded every other night, and Hong Kong stocks opened higher yesterday.

Take it. The threat of the financial crisis was gradually controlled. After opening 118 points higher yesterday, the Hang Seng Index successfully stabilized above 19,000 points, and the Hang Seng Index finally closed at 192.

58 points, up 258 points or 1.36%, the only fly in the ointment is that the turnover on the rebound day dropped. Rating agency Standard & Poor's said that from the recent events of Credit Suisse, Europe

Banks can withstand market turmoil and predict that the performance of European banks is still basically resilient. Analysis shows that economic restart has begun to show differences, while Credit Suisse is only one.

A special case; Analysis shows that the collapse of Credit Suisse will not bring down the whole European financial system, but it will increase the capital financing cost of European banks.

The news of UBS's acquisition of Credit Suisse stimulated the three major European stock markets to exceed 1% for two consecutive days, and the German DAX index rose by 1.77%. The CAC index in Paris, France also rose by 1.42%.

Britain's FTSE 100 index rose 1.81%. US Treasury Secretary Yellen spoke, saying that due to the recent bank failures, the market pressure has suddenly increased recently, but the banking system is still

Steady, ready to take necessary measures to ensure the safety of bank deposits and banking system, but she is sure that the financial system in the United States is the safest and most peaceful in the world.

Liquidity is the strongest. On the other hand, due to the collapse of Silicon Valley Bank, the First Sum Bank, which was affected by the squeeze, was deposited by a large American bank with 30 billion US dollars.

After that, we are trying to find new financing channels, and at worst we will consider reducing the scale. In other words, the business will not go bankrupt, and its share price once rose by 55% in the short term.

Confidence in the market was further restored. The three major stock indexes on Wall Street rose by more than 1%, the Dow Jones index rose by 0.98%, the Standard & Poor's 500 index rose by 1.32%, and Nasdaq composite.

The index rose by 1.58%. The crisis of confidence in European and American banks was temporarily eased, the market gradually restored confidence, risk aversion cooled rapidly, and the gold market was greatly adjusted. gold

The market rose in the early morning, reaching a peak of $1,985.2. However, investors paid attention to the results of the Federal Reserve's interest rate meeting announced in the early morning of Thursday, and long investors took advantage of the high count to leave the market.

The price retreated sharply, reaching a minimum of $1,935.5, and finally closed at $1,979, down $38.5.

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