(The following information is in chronological order)

International news this week

1 (Biden's $2.25 trillion infrastructure bill was released, and the Senate and the party boycotted Biden's "new infrastructure")

On Thursday, Biden announced the long-awaited $2.25 trillion infrastructure stimulus bill and tax increase policy. The huge scale and the leaked information of tax increase made the US Senate and party leader McConnell say: * * * * The Republican Party will not support Biden's $2.25 trillion infrastructure and employment plan. The United States should build what it can afford, not drag down the American economy by raising taxes and borrowing!

2 (Suez Canal reopened and OPEC+unexpectedly reached an agreement to increase production)

Suez Canal Authority said on the 2nd that all the vessels that had been waiting in line because the cargo ship "Ever Given" ran aground had almost passed, and the 6 1 vessel still waiting would pass through the canal on the 3rd. When "Ever Given" just got out of trouble, only 422 ships were waiting in line. On the 2nd, about 80 ships crossed the canal in both directions, including an American aircraft carrier, an LNG tanker and an oil tanker. OPEC+returns to phased production increase agreement!

Global view

1 (Spot gold rebounded, closing at 1729.88 USD/oz)

Gold fell below four levels in a row to the level of $65,438 +0.680/ oz. India's gold imports hit a record in March. As many markets around the world were closed on Good Friday, gold closed at $65,438+$0,729.88 per ounce on Thursday!

2 (The US dollar index strengthened and broke through the 93 mark, and the effective federal funds rate of the Federal Reserve fell for the first time since February)

The explosion of warehouse in the century continued to ferment, which had a certain impact on the market of highly leveraged financial products. Boosted by better-than-expected employment data, the yield of US bonds rose with the US dollar, and the safe-haven funds chose the US dollar, and the risk aversion of the US dollar warmed up. The US dollar index continued to strengthen, breaking through the 93 mark! The strength of the dollar suppresses the rebound of gold!

3 (The non-agricultural data of the United States was strong in March, and Biden predicted that the infrastructure plan would create 6.5438+0.9 million jobs)

On Friday (April 2), the employment data released by the US Department of Labor in March showed that 9,654,386,000 new jobs were created in the non-agricultural sector of the United States in March, and the unemployment rate dropped to 6%. This figure is the biggest increase in the US job market since last August. According to the data of the US Department of Labor, the labor market showed "general growth" in March, which reflects that the US economy is recovering from the impact of the new crown epidemic. The US employment report in March was better than expected. Stimulated by multiple factors, such as accelerating vaccination, the $65,438 +0.9 trillion bailout bill and the relaxation of epidemic prevention measures by enterprises, the US economy is continuing to recover.

Biden commented on the non-agricultural data on Friday, saying that the current government created more jobs in its first two months in office than at any time in history! At the same time,190,000 jobs will be created after the infrastructure plan is passed!

4 (The U.S. debt market faced the impact of non-agricultural data during the Good Friday holiday, and the income led the rise across the board)

Due to the holiday, the trading day on Friday was shortened. As the strong employment data in March exceeded expectations, the yield of 5-year US bonds reached the highest level since February 2020. The yield of US bonds rose across the board, with the five-year yield leading the rise, once rising by 7.8 basis points to 0.979%. The yield of 2-year US bonds once rose by nearly 3 basis points to 0. 188%, the highest since June 2020.

The 5-year US debt underperformed the broader market, reflecting people's expectation that the Fed will raise interest rates in advance. 2s5s 10s is higher than 0 for the first time since March 2020.

10-year and 30-year US bond yields are still in the Thursday range; About half an hour after the employment report was released, 10-year US Treasury futures were traded in batches, which accelerated the change of 10-year Treasury yield. 10-year US bond yields rose by less than 5 basis points this week; Thursday (the first trading day of the second quarter) fell by 7 basis points; In the first quarter, US Treasury bonds recorded the biggest quarterly decline since 1980.

5 (OPEC+ministerial meeting reached an agreement to increase production, and demand growth is expected to heat up)

After the OPEC+Ministerial Meeting, oil-producing countries agreed to increase production by 350,000 barrels per day in May and June, and by 450,000 barrels per day in July, including Saudi Arabia's voluntary reduction of production by 6,543,800 barrels per day in the next three months. Russia indicated that it will increase production by 1 1.4 million barrels per day from May to July. The next ministerial meeting between the Joint Ministerial Supervisory Committee and OPEC+will be held on April 28th.

The meeting held that the global supply shortage already exists and may accelerate the shortage. The demand figures in the United States are "very stable", and the European epidemic prevention blockade is only a "temporary speed bump".

(Reserve Bank of Australia Interest Rate Resolution-April 2006)

The Reserve Bank of Australia announced its interest rate decision on April 6th 12: 30 Beijing time, with the previous value of 0. 10% and the expected value of 0. 10%.

(Number of Americans applying for unemployment benefits in the week ending April 3, 2008)

The number of people applying for unemployment benefits in the first week of April 3rd in the United States was 765,438+0.9 million, and the expected value was not announced.

Europe will enter daylight saving time on March 28th, 20021year. The trading hours and data release time in European financial markets are one hour earlier than in winter, that is, at 15: 00 pm Beijing time.