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Global Market Report - 29 Dec 2021

Gold Spot

Gold prices held steady in thin trade as a boost from weaker U.S. Treasury yields countered the impact from a slight improvement in risk sentiment. While gold prices are expected to stay around the current levels early next year, rising U.S. interest rates and falling inflation could hit prices. Bullion’s gains were also limited by a rise in U.S. equities, with the S&P 500 opening at a record high as investors remained unshaken by Omicron-driven travel disruptions and store closures.

Technical Resistance: 1814/1822

Technical support: 1790/1781

Market headlines:

Economic data:                

  • 2021 Malaysia time 11:00pm – US Pending Home Sales (MoM) (Nov)

China injects most cash in two months, triggering gains in bonds

China boosted its injection of short-term cash into the banking system to the highest in two months, as demand for liquidity climbed before year-end. Government bonds gained, Bloomberg reported. The People’s Bank of China added 200 billion yuan ($31 billion) of cash into the financial system through seven-day reverse repurchase agreements, more than offsetting the 10 billion yuan coming due. The yield on 10-year government bonds fell to 2.795%, the lowest level since June 2020. The PBOC’s operation came after an indicator for short-term borrowing costs soared the most in a year on Monday, a sign of liquidity shortages in the interbank market. The supply of cash tends to tighten toward the end of the year, as banks hoard cash to prepare for regulatory checks, Bloomberg reported.

World shares boosted by Wall Street strength

Shares in Europe and Asia inched up on Tuesday, helped by another record-setting day on Wall Street and after Britain and France held off from imposing tougher Covid-19 restrictions before year-end. A variety of asset classes from oil to equities are now near or above recent highs, having walked back losses from late November when the Omicron variant of Covid-19 first emerged and sent investors scurrying for safe havens. As the worst fears of the impact of the new variant have subsided, investors have been returning to risk assets.

Japan's jobless rate rises to 2.8% in November

Japan's jobless rate rose to 2.8% in November, while the availability of jobs matched that of the previous month, government data showed on Tuesday. The seasonally adjusted unemployment rate compared with 2.7% in October and a median forecast of 2.7% in a Reuters poll of economists. The jobs-to-applicants ratio was 1.15 in November, labour ministry data showed, unchanged from the previous month and lower than a Reuters poll forecast of 1.16.

Source: Bloomberg, Investing.com, Reuters, The Edge

黄金现货

由于美国国债收益率走弱的提振抵消了风险情绪略有改善的影响,黄金价格在交易清淡中保持稳定。尽管预计明年初金价将维持在当前水平附近,但美国利率上升和通胀下降可能会打击金价。黄金的涨幅也受到美国股市上涨的限制,标准普尔 500 指数开盘创下历史新高,因为投资者仍未受到 Omicron 驱动的旅行中断和商店关闭的影响。

技术阻力:1814/1822

技术支持 :1790/1781

主要头条:

  • 中国在两个月内注入最多现金,引发债券上涨
  • 华尔街走强提振全球股市
  • 日本11月失业率升至2.8%
  • 美元兑马币交易RM 4.1820

经济数据:

  • 2021年12月 29日,马来西亚时间 11::00 pm – 美国待售房屋销售量 (MoM)(11 月)

中国在两个月内注入最多现金,引发债券上涨

由于对流动性的需求在年底前攀升,中国将向银行系统注入的短期现金增加到两个月来的最高水平。据彭博社报道,政府债券上涨。中国人民银行通过为期 7 天的逆回购协议向金融体系增加了 2000 亿元人民币(310 亿美元)现金,抵消了即将到期的 100 亿元人民币。 10 年期国债收益率跌至 2.795%,为 2020 年 6 月以来的最低水平。 央行的操作是在短期借款成本指标周一飙升一年来最大,这是银行间流动性短缺的迹象之后市场。据彭博社报道,随着银行囤积现金为监管检查做准备,现金供应在接近年底时趋于收紧。

华尔街走强提振全球股市

欧洲和亚洲股市周二小幅上涨,这得益于华尔街又一个创纪录的一天,以及英国和法国推迟在年底前实施更严格的 Covid-19 限制。从石油到股票的各种资产类别现在都接近或高于近期高点,从 11 月下旬开始回升,当时 Covid-19 的 Omicron 变体首次出现并让投资者纷纷涌入避风港。随着对新变种影响的最严重担忧消退,投资者已开始回归风险资产。

日本11月失业率升至2.8%

周二政府数据显示,日本 11 月失业率升至 2.8%,而就业机会与上月持平。经季节性调整的失业率高于 10 月份的 2.7%,路透对经济学家的调查中值预测为 2.7%。劳工部数据显示,11 月就业与求职者比率为 1.15,与上月持平,低于路透调查预测的 1.16。资料来源: Bloomberg, Investing.com, Reuters, The Edge

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