Daily

The US inflation has leveled off

2021-08-12

August 12 th
 
Today's volatility range:

Although more Fed officials have spoken in support of the compressed quantitative easing policy and predicted to raise interest rates in 2023, the United States recently announced that the core consumer price index of the United States will increase by 0.3%, indicating that inflation has cooled down.

Relieved the pressure of Fed officials to raise interest rates. So far, the Fed has more variables in the timetable for shrinking the table. Apart from the unstable labor data that is mainly concerned, inflation seems to peak, and the COVID-19 epidemic can't be driven away, which will make

Next time, the bitmap of the American Market Committee will become more complicated. The gold price will be consolidated at the current price, and today's suggested volatility is between 1738 and 1763.
 

Since yesterday, the Hong Kong government has lowered the "same-day vaccination" threshold to 60 years old. There is no need to make an appointment before the market. Each center serves the public on a first-come-first-served basis and can be vaccinated on the same day. There were about 3.5 thousand people yesterday

Citizens successfully vaccinated. The fund-raising program was launched on July 29, with a daily quota of 4.6 thousand. Up to yesterday, a total of about 24,500 funds were dispatched, that is, about 1.7 thousand funds were dispatched daily on average, accounting for less than 38% of the daily quota.

The response was not enthusiastic. Based on yesterday's participation rate, the government predicts that 70% of the mayors who completed the first vaccination locally before the end of this year will receive it. Therefore, the opening period of the vaccination center will be extended to December this year to fight for it

Customs clearance with the mainland. Hong Kong stocks rose for three consecutive days, and the Hang Seng Index opened higher yesterday. However, as the market closed, China Banking and Insurance Regulatory Commission, China planned to rectify the chaos in the Internet insurance industry, and the Hang Seng Index's increase narrowed, rising 0.2% to close.


 
In Europe, Germany's consumer price index increased from 0.4% in June to 0.9% in July, and the three major European stock markets rose across the board. Coupled with the satisfactory performance of European companies, Germany's DAX index broke the historical high and rose by 0.35%; Paris, France

CAC index rose by 0.55%; The FTSE 100 Index rose 0.83%. The US Senate passed Biden's $1 trillion cross-party infrastructure draft. Although the draft is still to be passed by the House of Representatives, the market expects that there will only be noise when the House of Representatives resumes.

The draft will not be pulled down by the Republican Party. The infrastructure draft stimulated the traditional economic stocks sensitive to economic performance, and the three major indexes of US stocks developed individually. The Dow Jones index and the S&P 500 index rose and reached new highs, up 0.62% and 0.25% respectively.

However, the Nasdaq index closed down by 0.16%. Last night, the United States announced that the core consumer price index was expected to increase by 0.3%, indicating that inflation was cooling down, and the US dollar index fell below 93 points to 92.9. Gold prices rose yesterday, benefiting from the US core

The flattening of the consumer price index eased the pressure of Fed officials to raise interest rates, which was beneficial to the performance of gold. Yesterday, the lowest price of gold was $1724, and the highest price was $1754. Yesterday, it closed at $1752, up $23.

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