Daily

perplexing

2021-11-04

On November 4th.

Today's volatility range:

Last night, the number of non-agricultural employment in the United States changed, and the figures beat expectations. The market worried that the Fed would raise interest rates early, which would affect the fall of gold prices. After that, as expected by the market, the Federal Reserve began to shrink by $15 billion this month.

The scale of buying bonds, but did not mention anything about raising interest rates early, and the decline of gold price narrowed. The Fed's more dovish words are conducive to the rebound of the current price. Today, the proposed volatility is 1763-1782 US dollars.

Although China Caixin.com's purchasing managers' index of China's service industry rose by 0.4% to 53.8 points in October yesterday, the People's Bank of China continued to increase the scale of one-day reverse repurchase, hoping to stimulate economic performance by increasing liquidity.

However, under the national common prosperity policy, the mainland economy has undergone structural changes, and the relationship between assets and communism is complicated. In addition, the Shanghai and Shenzhen 300 Index fell by 0.39%. Hong Kong stocks fell for seven consecutive days, narrowly guarding the 25,000 mark.

The housing debt crisis seems to be lifted, and the housing stocks and property management stocks generally rose, but Hong Kong stocks fell along with the mainland stock market. The Hang Seng Index fell more than 300 points yesterday and once fell below the 25,000-point mark. Before closing, the decline narrowed and fell.

74 points or 0.3%, 25,000 points can be dangerous.

European Central Bank President Lagarde expressed his interest policy stance yesterday, saying that it is impossible to raise interest rates before 2022. Interest rate policy stimulated European stocks to rise, and German DAX index rose by 0.03%. The CAC index in Paris, France rose by 0.34%;

The epidemic situation in Britain continued to rise, breaking 40,000 new crown cases for two consecutive days. Investors worried that economic development would suffer. Oil stocks led the market down, and the FTSE 100 index in Britain fell by 0.36%. The U.S. Federal Reserve announced the interest rate decision this morning,

Maintain the current interest rate policy unchanged, but announce to start to reduce the scale of debt purchase by 15 billion US dollars. After the result of the interest rate meeting, Federal Reserve Chairman Powell said that although the Bureau initiated the action of reducing the purchase of bonds, it did not mean issuing an interest rate policy.

And stressed that now is not the right time to raise interest rates.

New york stock market fell first, then rose, and then hit a new high. In the early stage, the market waited on the results of the Fed's interest rate decision. Investors reduced their holdings first, and US stocks fell in the early stage. After that, the Fed announced as expected that it would keep interest rates unchanged, but started the debt reduction policy.

Powell even opened his mouth and said that the time for raising interest rates was not yet available. Dove said that it was good for the risky market, which stimulated the three major indexes of US stocks to hit a new record and close at a new high. Dow Jones index rose by 0.29%. Standard & Poor's 500 Index rose 0.63%, Nasdaq.

The index rose by 1.04%. Last night, the number of non-agricultural employment in the United States changed, and the figure beat expectations. After the figure was released, the price of gold dropped sharply to a daily low of $1,759. As expected by the market, the Fed began to shrink this month.

15 billion U.S. dollars, but did not say anything about raising interest rates early. After that, the price of gold rebounded, reaching a peak of 1,788 U.S. dollars, and finally closed at 1,770 U.S. dollars, down 18 dollars.

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