On Wednesday local time, the U.S. dollar index** and multi-maturity U.S. Treasury yields retreated, helping international gold prices to continue their rally, once breaking through the $2,160 per ounce mark and hitting a new intraday high. As of **,The New York Mercantile Exchange (COMEX) for April delivery closed at 2158 an ounce$2, an increase of 076%, hitting a record high for the fourth consecutive trading day。Analysts believe that in addition to the market's expectation of a Fed interest rate cut, the geopolitical conflicts in Eastern Europe and the Middle East continue to keep investors risk-averse, and the sharp expansion of public debt in the United States and the deterioration of fiscal conditions have triggered the global central bank to continue to increase the demand for physical consumption in many major consumer markets in Asia, which has comprehensively promoted international gold prices to record new highs.
Powell's congressional testimony was basically in line with expectations The three major U.S. stock indexes collectively closed up on the 6th
Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee of the U.S. Congress on Wednesday. In the statement,Powell reiterated the Fed's stance that it is not in a hurry to cut interest ratesAlthough the signal is "hawkish", he expressed confidence that the Fed will achieve its 2% inflation target and believes that there is no risk of recession in the US economy in the short term. Powell's testimony was largely in line with investors' expectations, as the market's expectations for the Federal Reserve's interest rate cut in June heated up, and U.S. Treasury yields retreated, boosting market risk appetite, and the three major U.S. stock indexes closed higher on Wednesday. As of **, the Dow Jones rose 020%, the S&P 500 rose 051%, the Nasdaq rose 058%。
Seeking ** equity self-help The stock price of New York Community Bank shook dramatically on the 6th
*In terms of the situation, the troubled New York Community Bank was revealed on the 6th that it was seeking to save itself by exchanging ** equity for cash. As soon as the news was announced, its stock price "dived" in the morning trading session of the U.S. stock market, and the decline quickly expanded to more than 40%, ** fell many times. At midday, the New York Community Bank issued an announcement, saying that the investment company owned by Mnuchin, the former ** Mnuchin in the United States, led the investment, driving a number of investment institutions to make equity investments in the New York Community Bank, with an amount of more than $1 billion. Since then, its stock price has risen by more than 30%, and then the increase has narrowed, and by the time of **, the increase was 745%。
On the 6th, the three major European stock indexes collectively closed up
In Europe, technology stocks are generally **, driving many countries*** investors expect that the latest interest rate decision of the European Central Bank to be announced on Thursday will be likely to "stand still", and the three major European stock indexes closed up collectively on Wednesday. As of **, the United Kingdom ** rose 043%, France** rose 028%, Germany** rose 010%。
On the 6th, international oil prices rose by more than 1%.
* On the other hand, the latest data released by the U.S. Energy Information Administration on Wednesday showed that the month-on-month increase in U.S. commercial inventories last week was smaller than market expectations, and the decline in gasoline and refined oil inventories was much greater than expected, indicating that demand has picked up, driving international oil prices on Wednesday**. As of **, the New York Mercantile Exchange's light *** for April delivery closed at 79 per barrel$13, an increase of 125%；London Brent*** for May delivery closed at $82 per barrel$96, an increase of 112%。
*: CCTV Finance & Economics.
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