Home Business Precious metals crashed overnight in a V-shaped reversal in the late trading of U.S. stocks! What happened in the global market? _ Oriental Fortune Network

Precious metals crashed overnight in a V-shaped reversal in the late trading of U.S. stocks! What happened in the global market? _ Oriental Fortune Network

by news dir



  niceNational debtHigher yields, goldsilverPlummet.

On the evening of January 8, the United States announced the non-agricultural data for December 2020.

Specifically, yesmarketThe unfavorable data include:Due to the impact of the rebound of the epidemic, theEmploymentThe population has decreased by 140,000 and the market is expected to increase by 50,000. The U.S. economy will have its first employment in eight months in December 2020.postcut back.

The positive data is due to the previous datastatisticsError, non-agriculturalEmployed populationThe previous value was revised up from an increase of 245,000 to an increase of 336,000, which resulted in the employment participation rate at the same level as last month.unemploymentThe rate has also not changed, which shows that the upward revision of employment numbers in the first two months basically offset the loss in December. In addition, the average annual rate of wages in the United States in December increased sharply by 5.10%, and the expected and previous values ​​were 4.5% and 4.4%, respectively.

Despite the weak job market in December 2020, the U.S. economy is unlikely to fall into recession again, and the government approved nearly 900 billion last week.USDSupported by large-scale bailout funds.

Affected by this, U.S. Treasury yields hit a record high. The 10-year U.S. Treasury yield closed at more than 1% for three consecutive days, at 1.119%, hitting a new high since March 2020, pushing the U.S. dollar to a high in more than a week.

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The dollar strengthens, U.S. bond yields soar, gold and silverpriceAffected by thisCrash, As of the latest, COMEX February goldfuturesFell 63.7 US dollars, or 3.33%, to 1849.9 US dollars /ounce, Once hit a three-week low; COMEX MarchSilver FuturesA decrease of 6.49%.

Biden said the stimulus plan is large,Stronger U.S. stocks

Judging from the signals sent by the market, the rise in US bond yields has hit the upward momentum of gold, but the impact on US stocks will also be negative.Because U.S. debt determines long-term financial andreal estateAssetPricingmechanism,forinvestmentFor readers, this is a crucial consideration.

  Wall StreetAnalystIt is believed that for U.S. stocks, if the future rise in U.S. bond yields is gradual, the market is likely to adjust sideways; the biggest risk now is that if the adjustment is too fast, then all stock prices may pull back sharply.

After the 10-year U.S. Treasury yield has risen for several consecutive days, U.S. stocks fluctuated sharply on Friday. The Dow once fell nearly 0.8% during the intraday session, and both the S&P 500 and the Nasdaq fell.

  However, after the next US President Biden’s speech, US stocks rose late. The three major indexes collectively closed up and set a new closing high. The Dow rose 0.18% and the S&P 500 index rose 0.55%.NasdaqThe index rose 1.03%.

Biden mentioned that working families andenterpriseAssistance is needed now, and the framework of the next assistance plan will be developed next week. Reiterated support for a minimum salary of 15 US dollars, will directly assist those industries that have been hit hardest, and will propose a comprehensive stimulus package. The number will be very “large” and the scale will be trillions of dollars. The stimulus will be announced next Thursday. The details of the plan.

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Looking at the U.S. stock market on Friday, the new energy vehicle sector was among the top gainers.Wei LaiRose more than 8%,TeslaIt rose more than 7%, both hitting record highs.Precious metalsThe sector fell sharply, and China’s concept stocksBaiduRose more than 15%,BilibiliRose more than 6%,Tencent HoldingsRose more than 5%,AlibabaIQIYIJingdongRose more than 4%.

It is worth mentioning that,TwitterThe stock price has fallen for 4 consecutive days. After announcing that Trump’s account will be permanently closed,TwitterIt fell more than 3% after the market on Friday.

  Global stock marketThis week has achieved a good start, and important indexes have risen in the past week.

(Article source: data treasure)

(Editor in charge: DF527)

Solemnly declare: The purpose of this information released by Oriental Fortune.com is to spread more information and has nothing to do with this stand.


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