Global stock market higher short term still optimistic Hong Kong stocks hostage to nine psychological barrier
Source: Internet
Author: User
KeywordsLast Friday Hong Kong stocks psychological barrier high oil prices
Last week, U.S. stocks continued to run on 8,700 points in a rags sunny little. Mixed economic data have disrupted investors ' optimism about a slowdown in the economy. The Dow Jones index closed at 8763.13 points in Friday, up 3.09% from the previous week, with the Nasdaq index at 1849.42, up 4.23% from the previous week, and the standard and poor 500 on 940.09, up 2.28% from the previous week. In Europe, the FTSE 100 index closed at 4438.56 points in Friday, up 0.47% from the previous week, with Germany's DAX index at 5077.03 points, up 2.76% from the previous week, and the Paris CAC40 index at 3339.05, up 1.87% from the previous week. In Asia, the Nikkei index closed at 9768.01 points, up 2.58% from the previous week, while Hong Kong's Hang Seng index closed 18679.5 points, up 2.8% from the previous week. On international Commodity Futures, the New York Commercial Futures Exchange (NYMEX) crude oil futures fell 0.54% in Friday, as the government's report on the conflicting employment reports caused investors to doubt the high oil prices fell. NYMEX-7-month crude oil futures settlement price fell 0.37 U.S. dollars, closed to 68.44 U.S. dollars per barrel, up 3.21% from the previous week; Brent July crude oil futures settled down 0.37 to $68.34 a barrel, up 4.3% from the previous week. The New York Commodity Futures Exchange (COMEX) gold fell 2% in Friday, as stronger than expected employment data pushed the dollar stronger, weakening the gold-hedging charm. COMEX-8 's monthly gold settlement price fell 19.70 U.S. dollars, reported 962.60 U.S. dollars per ounce, slightly down 1.81% from the previous week. The London Metal Exchange period copper fell slightly by 0.7% in Friday, as the dollar strengthened, making commodity prices pressure. The three-month copper MCU3 closed at $4990, up 3.31% from the previous week. The US Dow has been running on 8,700 points for several days after breaking 8,500 points in Monday, largely thanks to good economic data. Among them, the April housing Sales index for the United States increased by 6.7% to 90.3, the monthly increase of 7.5, the estimated increase of 0.5%, which further shows that the recession is easing. In Thursday, the Labor Department announced a 1.2% per cent increase in non-farm productivity in the first quarter, up 1.6%. In addition, the United States May 30 at the beginning of the week, the number of jobless claims to 621,000, estimated at 620,000, and on May 23, when the number of Zhou Yi to the unemployment rate has fallen to 6.735 million, the estimate of 6.87 million, is the first time this January 3 this week since the decline. In Friday, the Labor Department reported a 345,000 per cent reduction in non-agricultural employment in May, estimated to be 520,000 per cent, and the May unemployment rate of 9.4% per cent, estimated at 9.2% per cent, despite conflicting figures, but economists generally believe that, for quite some time after the economy has bottomed out, The likelihood that the number of unemployed people will continue to riseIn the normal phenomenon. In addition, it is noteworthy that the recent brokerage also began to the financial unit rating from "neutral" to "overweight", that after the tsunami of the banking sector is in the early days of the bull market. Of course, this is not a good thing, in fact, it is only the market is looking for more evidence to boost the stock market. Personally, the stock market after the breakthrough of 8,500 resistance, the enthusiasm of investors still did not fade, the Dow is expected in the short term there is still a 9,000-point mark on the possibility. Hong Kong stocks, the same index in the beginning of the week to 18,916 points, has been hampered by Wanji psychological Pass, in the next 4 trading days are the pattern of shock drop, especially the heavy stock HSBC was once weak, Hong Kong real estate stocks, Chinese banks and other first-line blue-chip market continued to maintain shocks repeatedly, The index has been hovering between 18108 and 18,916 points. Whether the future if the market is expected to try the 20,000 mark, the key is to see the changes in market capital flows, if the funds did not flow out of Hong Kong, then the current situation is only a long fund as a breakthrough in the finishing phase, there is a certain upward space.
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