Investment 14/6/2024

The U.S. Federal Reserve kept interest rates unchanged, and the Hang Seng Index opened 166 points higher at 18,104 points. It later rose 235 points to 18,173 points. It rose 174 points or 0.97% to 18,112 points throughout the day, ending three consecutive losses; the technology index rose 47 points. points or 1.29%, reported at 3,739 points. Main board transaction volume was HK$107.3 billion. 

After the U.S. Federal Reserve discussed interest rates, it announced that it would keep interest rates unchanged and is expected to cut interest rates only once this year. The market is currently confident that interest rates will be cut in November, which is good for the stock market. The U.S. 10-year bond interest rate has also dropped to 4.3%, which is believedent d to be helpful to Hong Kong stocks. However, expectations of interest rate cuts alone cannot drive Hong Kong stocks. . He said that Hong Kong stocks currently have support at 17,500 points, and the market outlook still needs to cooperate with mainland policy news. If the big hand policy is implemented before and after the Third Plenary Session of the Central Committee of the Communist Party of China, Hong Kong stocks will have the opportunity to organize a new round of rise and return to 19,000 points. 

The latest polls show that French President Macron's support has dropped to aT new low since December 2018, dragging down European stocks across the board. French stocks fell 1.99%, and British and German stocks fell 0.63% and 1.96% respectively. 

Although U.S. inflation has further cooled, the political uncertainty in France has dampened market sentiment. After the U.S. stock index opened 35 points lower, the decline expanded to 304 points. It was as low as 38,407 points, and then completely recovered its losses; the S&P 500 index fell for a time. 0.34%, reaching 5441 points in the late period, closing down for the third day in a row; the Nasdaq rose as much as 0.76% in the early period, hitting 17,741 points. Both the S&P 500 and Nasdaq hit record highs on the market and at closing, marking the fourth consecutive day of record highs.

 At the close of the U.S. stock market, the Dow Jones Industrial Average's decline narrowed to 65 points, or 0.17%, to 38,647 points; the S&P Index rose 12 points, or 0.23%, to 5,433 points; the Nasdaq rose 59 points, or 0.34%, to 17,667 points.

 The U.S. dollar exchange rate stabilized, with the U.S. dollar index rising 0.61% to 105.284; the Euro fell 0.7% to $1.0733. The Japanese yen fell 0.4% to 157.35 per dollar after the Bank of Japan announced the results of its interest rate meeting on Friday.