Black Swan reappears! U.S. President Trumps diagnosis of the new crown epidemic aggravates Market Volatility

category:Finance
 Black Swan reappears! U.S. President Trumps diagnosis of the new crown epidemic aggravates Market Volatility


According to ABC, Trumps doctor Sean Conley said that both trump and the first lady are doing well and plan to stay in the White House during their recovery. The White House medical team and I will remain vigilant and thank some of the best healthcare professionals and institutions for their support. Please rest assured that I look forward to the presidents continued performance of his duties during his recovery from health. Ill keep you informed. Conley said.

Trumps scheduled rally in Orlando, Florida, was cancelled, the report said. Earlier, President trump confirmed in an interview with Fox News that his senior assistant, hope Hicks, was positive for the new coronavirus. He also said that he and his wife, Melania trump, were tested for the new coronavirus that night, and that the results of the test are expected to be released soon, and isolation procedures will be launched.

Hicks is one of Trumps most contact assistants in his work, and has accompanied trump to attend activities many times recently. After the news was announced, as of the press release, the US financial market short-term sharp shocks. The decline of stock index futures accelerated, with the three major stock index futures falling by more than 2%; due to the aggravation of the global new crown epidemic and the positive test of US President Trumps new crown, the international crude oil price reached the lowest closing price since September 15.

International crude oil prices fell to 3.22% to US $37.61/barrel; spot gold futures for December delivery rose about 1% to US $1916.30 an ounce. The dollar index fell to its lowest level in a week on Thursday, pushing gold prices higher. Insiders say novel coronavirus pneumonia is exacerbated by fears that the new global pneumonia infection will increase.

At present, investors in the crude oil market have been paying close attention to the spread of the new coronavirus, which may have an adverse impact on crude oil demand as the economy stagnates. With the number of novel coronavirus pneumonia cases rising in the world, Europe is implementing or planning to re implement new social restrictive measures. Spains new rules mean that most parts of the country limit public services and retail capacity to 50%, while France may introduce new restrictions in the future.

Spain, France and the Netherlands have had the highest rates of new cases per capita in the worlds largest countries over the past seven days, according to data from Deutsche Bank. In addition to possible pressure on crude oil demand, supply is also rising to higher levels. According to a recent survey, OPECs crude oil supply rose, with daily production in September increasing by 160000 barrels compared with August.

Meanwhile, the dollar index plunged in the afternoon of Asian trading on October 2. According to wind data, as of 13:46 Beijing time on the 2nd, the rise of the US dollar index narrowed to 0.05% to 93.7814. Earlier, the US dollar index rose more than 0.3% to above the 94 mark. As for the future trend of the dollar, Peter Schiff, a senior Wall Street prophet, pointed out in his report that the dollar is a mirror image of precious metals and stocks - the dollar rose in September, but fell in the quarter.

The dollar index rose nearly 2% in September, but fell 3.5% at the end of the quarter. As a result, all assets showed a negative trend in September, with good performance in the quarter, declining in the month, and vice versa, while bonds were relatively stable. Peter Schiff still expects interest rates to rise sharply and bond prices to fall accordingly.

Although the stock market fell sharply in late September, it rose in the quarter. In fact, everything was up in the third quarter, thanks to the Federal Reserve. The Feds commitment to keep interest rates low and continued to monetize debt pushed up the stock market. Despite a sharp sell-off in September, gold rose about 6% in the third quarter. Silver suffered the biggest shock last month, falling about 18%. But even so, silver rose about 27% in the quarter and outperformed all major stock market indexes. Looking ahead, Peter Schiff believes that for the dollar, in the fourth quarter, it is expected that the dollar may fall 35% by the end of 2021. If the dollar index falls by 35%, it will barely stay above 60. The historical low of the dollar index was the first line of the 70 mark in 2008. The epidemic situation is getting worse in New York State, USA. source: China Times Author: Ye Qing, editor in charge: Wang Xiaowu_ NF

Although the stock market fell sharply in late September, it rose in the quarter. In fact, everything was up in the third quarter, thanks to the Federal Reserve. The Feds commitment to keep interest rates low and continued to monetize debt pushed up the stock market. Despite a sharp sell-off in September, gold rose about 6% in the third quarter. Silver suffered the biggest shock last month, falling about 18%. But even so, silver rose about 27% in the quarter and outperformed all major stock market indexes.

Looking ahead, Peter Schiff believes that for the dollar, in the fourth quarter, it is expected that the dollar may fall 35% by the end of 2021. If the dollar index falls by 35%, it will barely stay above 60. The historical low of the dollar index was the first line of the 70 mark in 2008.

Epidemic situation in New York state of the United States intensified