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a whale of a difference

2020-10-30

The market is worried that the epidemic situation and isolation measures will seriously hit the European economy, and the major European stock markets will develop individually. The German DAX index fell 5% the day before yesterday and rebounded yesterday, rising 0.3%;

French CAC Index and British FTSE 100 Index closed flat. The European Central Bank announced yesterday that interest rates and quantitative easing policies would remain unchanged. President Lagarde said that due to the rebound of the epidemic, the economic recovery rate was worse than expected.

The central bank will re-adjust its work in December, suggesting that it may provide more liquidity support. Investors tend to be conservative and sell the euro in a big way. The euro fell to a low level within two months against the US dollar;

It is also reported that the Bank of England will decide to increase the scale of asset purchase at the central bank meeting at the beginning of next month, and the plan will be implemented in mid-June next year. Earlier, the Monetary Policy Committee of the Bank of England said,

If necessary, the Bank of England will further relax monetary and fiscal policies, including negative interest rates to stimulate the economy and maintain expected inflation. In addition, the risk of Brexit has not been removed, and the pound has fallen against the US dollar.


The new york stock market rebounded, and the Dow Jones index rose 0.5% yesterday; The Standard & Poor's 500 Index rose 1.2%; The Nasdaq index still rose by 1.67%, and the US economic data released yesterday was ideal.

The GDP of the United States increased by 33.1% in the third quarter, which is a far cry from the retrogression of 31% in the last quarter. The number of unemployed people in the United States continued to fall, with 751,000 people claiming unemployment benefits for the first time last week.

Two economic data confirm that the US economy is recovering well. In the past two days, Japan, Canada and the European Central Bank have published the results of interest rate discussions, saying that interest rates will remain unchanged, but the ECB President has hit the euro zone economy due to the epidemic.

Suggested that in December, the euro fell sharply, and the dollar became the best safe-haven option. The dollar index once rose above 94 points and closed at 93.93.

With the appreciation of the US dollar, gold continued to be under pressure. Yesterday, the price of gold fell to a monthly low. In the early stage, the price of gold rebounded to 1885 US dollars per ounce, but it was weak. After that, it continued its previous decline, and the worst price was 1860 US dollars per ounce.

It closed at $1,868 per ounce, down $9.


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