Daily

Asia first

2021-05-28

May 28 th
 
Today's volatility range:

Although the relative strength index of gold is still overbought and closed flat yesterday, it still maintains its earlier view and the market outlook continues to be optimistic, but the adjustment range is still insufficient. At least that fed still insist that inflation is temporary,

However, there is still no pressure to raise interest rates in the short term. Maintain yesterday's suggested volatility at 1878-1906.
 
 
Let's talk about the epidemic situation of COVID-19 fatigue in three places across the Taiwan Straits. The Covid-19 epidemic in Hong Kong gradually eased. Yesterday, there was no confirmed diagnosis in Hong Kong. This is the second time since Typhoon Langka hit Hong Kong on October 14 last year.

At that time, there was a great chance that the "zero diagnosis" was caused by typhoon, and the laboratory was closed early. I hope everyone can bear with it and do a good job of protection, so that they can celebrate after the epidemic situation in Hong Kong is truly cleared.

Yesterday, the mainland announced 19 new locally confirmed cases of new crown pneumonia in the past day. The epidemic situation in Guangdong Province is heating up, and two cases are reported in Guangzhou and Shenzhen. However, with the governance efficiency and resources of the mainland, it should not be a problem to deal with the changes in the epidemic situation.

Relatively speaking, Taiwan Province is even more worrying. Yesterday, there were 401 newly confirmed cases in Taiwan Province. With the epidemic warming up, the hospital wards were not enough for application. The biggest problem was that in the early stage of the virus pandemic in Taiwan Province,

Decisive customs clearance can be said to be a global model. However, because it was stopped early, the Taipei government did not make any preparations for vaccines at all. Nowadays, in the period of tight demand for vaccines in the world, it may have to rely on vaccines developed locally.


 
Tencent was asked to set up financial holding, which means that Tencent's micro-communication payment business will be regulated like a bank in the future, and its advantages will disappear. The Hang Seng Index dropped by 0.18% yesterday. The Bank of South Korea decided on interest rates yesterday.

The interest rate was maintained at 0.5%, but after the results of interest rate discussion were announced, Li Zhulie, governor of the central bank, said that it was necessary to prepare for an orderly exit from the unprecedented loose monetary policy. This is the first hawkish remark made by a central bank governor in Asia.

In fact, South Korea's export and investment have been strong in recent years, and the influence of black technology, home appliances and entertainment culture has become the engine of South Korea's domestic and export economic growth.

Therefore, it is normal to infer that South Korea has the opportunity to take the lead in delisting early next year. The trend of global central banks to lock their throats is gradually increasing. Members of the Monetary Policy Committee of British Union Bank said earlier that if the job market continues to recover,

We can consider raising interest rates early next year. The three major indexes of European stock markets developed individually, and the DAX index in Frankfurt, Germany fell by 0.28%; CAC in Paris, France rose by 0.69%; Britain's FTSE 100 index fell by 0.10%.


 
In contrast, the Federal Reserve has been downplaying the runaway inflation recently, saying that it will not raise interest rates until the economy is on the right track and the job market is improved. However, from the interest rate record,

More and more officials support starting to discuss reducing debt buying. Quarles, vice chairman of the Federal Reserve Board in charge of banking supervision, recently said that if the economy remains strong, it will become important for the authorities to discuss and adjust the pace of buying bonds in the next few months.

However, we should pay attention to the employment situation and not stop buying debts too early. The number of people claiming unemployment benefits for the first time last week announced by the United States last night continued to decrease. The concept of economic recovery led to the rise of traditional economic shares and the selling of technology shares.

The three major indexes of new york stock market went up and down, and the Dow Jones index rose by 0.40%; The Standard & Poor's 500 Index rose by 0.12%, while the Nasdaq Index fell slightly by 0.01%. Yesterday, the performance of gold market was relatively flat, with the highest value of $1,904 in the early stage.

The lowest was $1,888, and the lowest was $1,888. The other two US data, including the US core consumer price index, issued the first quarter GDP of the United States, were worse than market expectations. After the data were released,

The dollar fell slightly, and the gold price rebounded to close at $1,897.

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