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The Dollar Surged And Gold Fell By 40 Dollars In The Day.

2014/11/1 14:57:00 24

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On Friday, the Japanese Central Bank unexpectedly increased stimulus to boost the stock market, and the US stocks opened higher. It was on the high side throughout the day. At the close of the session, the three major indexes rose all the way, and the S & P 500 and Dow reached a record high, and Nasdaq hit a new high since 2000.

Dow also set a new high of 17395.54 during the day.

The Russell 2000 index, representing small cap stocks, surged 1.5%, rising this year.

The Dow rose 3.5% this week, the biggest weekly gain since January 2013.

In October, the S & P 500 rose 2.3%, while in the 10 month, S & P fell to 1820 points, more than 9% below the current point.

In terms of US economic data, the PCE price index in September increased by 1.4% compared with the same period last year. +1.5% is expected to be revised from +1.5% to +1.4%. In September, the core PCE price index increased by +1.5% compared with the previous year, and the expected value of +1.5% was +1.5%, which is the most concerned inflation index of the Fed.

In October, University of Michigan's consumer confidence at 86.9 reached a new high in July 2007, better than expected 86.4, with an initial value of 86.4, of which the expected index increased significantly and the current index declined slightly.

The United States in October Chicago PMI was 66.2, the highest since October 2013, 60, the previous value of 60.5.

US bond yields rose, gold plummeted, and WTI oil prices fell.

The 10 - year US bond yield rose sharply, showing a daily trend of shock and a 3 basis point gain of 2.34%.

The Bank of Japan unexpectedly expanded QQE to 80 trillion yen today, and the US dollar hit a four year high, which has been pressing against precious metals such as gold and silver.

The gold market plunged nearly $40, reaching a minimum of US $1160, the lowest since mid 2010.

December delivery in New York

gold futures

Prices plummeted 2.4% to 1170 dollars / ounce.

WTI oil prices closed down 0.71%, to close at 80.54 U.S. dollars / barrel.

European stock markets generally rose.

The euro zone's CPI value in October increased by 0.4% over the same period last year, the same as expected, which is better than the previous value of +0.3%.

The core value of CPI in the euro area increased by 0.7% over the same period last year, less than expected +0.8%, with a +0.8% value of +0.8%.

The eurozone unemployment rate was 11.5% in September, and

Expect

Unchanged from the previous value, still high.

In September, Germany's actual retail sales increased by 2.3% over the previous year, better than expected +0.8%, the former value +0.1%, a decrease of 3.2% compared with the expected value of 1%, and the previous value down to +1.5%.

Pan European Storck 600 index rose 1.84%, German and French stocks rose more than 2%, 10 years of German debt down 1 basis point, reaching 0.94%.

The Bank of England announced that the leverage ratio of big banks will be set at 4.05%, with a market forecast of 4.5%.

British bank shares rose and Barclays shares rose more than 7%.

Russia's central bank announced a 150 basis point increase of interest rate to 9.50%, and the market is expected to raise interest rates by 50 basis points.

After the announcement of the interest rate resolution, the ruble rose sharply, but it soon came down and the biggest decline in six years was recorded.

  

Asian stock market

Most of them are rising.

Shanghai index rose 1.22%, hitting 2423.60 in the session, refreshing its 20 month high.

Financial heavyweight stocks led the banking sector to create a rare amount of history.

Banks, brokerages, insurance, and steel are among the top gainers. Aviation, Internet, medicine, military industry and software are among the top ones.

Hongkong Financial Secretary Ceng Junhua, Secretary for financial services and the Treasury and Chen Jiaqiang, the three chief financial officer of the HKMA President Chen Delin, will visit Beijing next week or publish more information about Shanghai and Hong Kong.

The Hang Seng Index rose 1.25% and returned to the 24000 point in the afternoon. Macao's gambling stocks led the blue chip.

Japan's stock market surged 4.83%, the highest intraday gain of 5.5%, a record high since 2007.

The Japanese Government Pension Fund Committee (GPIF) announced its approval to increase the share of domestic and foreign stock allocation from 12% to 25%.

The Bank of Japan unexpectedly expanded the QQE to 80 trillion yen, but adjusted the CPI and GDP growth expectations. This year the GDP growth rate is expected to drop sharply from 1% to 0.5%.

The US dollar and the yen exceeded 112.

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