Investment 12/4/2024

The U.S. inflation data was higher than expected, and there is no hope of a short-term interest rate cut. Mainland inflation in March was lower than expected, and Hong Kong stocks ended their three consecutive rises. The Hang Seng Index opened 282 points or 1.65% lower to 16,856 points, already the day's low. It regained momentum in the afternoon and recovered most of its losses, falling 44 points or 0.26% to 17,095 points. The technology index fell 13 points or 0.38% throughout the day to 3,538 points. The main market transaction volume of the market was HK$98.7 billion , further shrinking to less than HK$. 


At the close, the Hang Seng Index regained 17,000 points, and the 100-DMA (16,518) is expected to be a strong support. The short-term performance of Hong Kong stocks depends on whether mainland A-shares can improve. If the Hang Seng Index can break through the last high of 17,214 points and stabilize, the market outlook may become optimistic, or it may reach the 250-DMA  (17,880) level. External pressure will inevitably drag down Hong Kong stocks in the short term. However, the conflict between good and weak expectations remains unchanged, and the index is expected to mainly fall between 16,500 and 17,000 points.


 European stock markets came under pressure, with British, French and German stocks falling 0.47%, 0.27% and 0.79% respectively. 


U.S. producer prices rose the most in 11 months, indicating increasing inflationary pressure, and some Federal Reserve officials made it clear that there is no need to cut interest rates in the short term. U.S. stocks developed individually on Thursday. After falling 422 points on Wednesday, the Dow rebounded by more than 100 points as soon as the market opened on Thursday. points, but soon fell back, once falling 264 points to a low of 38,197 points, and then rising 137 points to a high of 38,598 points in the end; the S&P 100 fell first and then rose 0.99%; the Nasdaq rose 1.82% at most.


 At the close of the U.S. market, the Dow retreated 2 points to 38,459 points; the S&P 500 rose 38 points, or 0.74%, to 5,199 points; the Nasdaq soared 271 points, or 1.68%, to 16,442 points. 


The U.S. dollar index rose as much as 0.27% to 105.527; the yen hit a 34-year low, falling slightly by 0.1% to 153.32 per dollar. The European Central Bank hinted that it would cut interest rates soon, and the euro fell 0.41% to $1.0699.

 

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Investment 24/4/2026

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