Demonstrations continue to shrink Hong Kong stocks or return to test 28,000

The three major indexes of the US stock market were well-received on Friday, and the S&P 500 and Nasdaq both hit new highs

ADRs in Hong Kong stocks traded in the United States, indicating that Hong Kong stocks opened 26 points lower today, at 28,372 points. Some analysts believe that the recent US economic data is better than expected, and the European Central Bank keeps interest rates unchanged, so that the market has greatly cooled down the US interest rate cuts. It does not rule out that the Hang Seng Index will once again return to the 28,000 mark.

The police have the ability to control the conflict scene in the demonstrations in Yuen Long in the past weekend

However, the State Council will hold a press conference in Beijing this afternoon. It is reported that the spokesman of the Hong Kong and Macau Affairs Office will introduce the position and views of the current situation in Hong Kong. In addition, this week, China and the United States restarted trade negotiations. US Trade Representative Wright Heze and Finance Minister Yu Qin, on Tuesday (30th), negotiated with Chinese officials in Shanghai for two days, plus this cycle refers to settlement and entering the company’s performance period. Wait, all affect the trend of Hong Kong stocks.

The United States may slow down the pace of interest rate cuts

It is worth noting that the US Federal Reserve will announce the interest rate decision in the early hours of Thursday (August 1). The market expects to cut interest rates by 0.25%, the first time in 10 years. However, a number of recent economic data in the United States have outperformed expectations. According to interest rate futures, the probability of a rate cut of 0.25 per cent in July fell slightly from 81% to 78%.

Some analysts pointed out that the strong economic data, or the market suspected the Fed’s dovish attitude, the local real estate stocks last week, which reflected the investors’ concerns. As for the local side, the violent incidents in the demonstrations in Hong Kong have shown signs of deterioration, which will affect the atmosphere of the market. In fact, the recent transactions of Hong Kong stocks have shrunk sharply. As the market still has a wait-and-see attitude toward Sino-US trade war negotiations, it is possible that the US interest rate cuts may be possible. Slow down, it is expected that the Hang Seng Index will be short-term performance, ranging from 28,000 to 29,000 points. If political event


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