Reference News Network reported on January 8th From January 7th to 8th, China and the United States launched the first round of interviews after the truce. The outside world expects the two major economies in the world to make progress in a series of related consultations to cool down the global market. In fact, public opinion has observed a sharp increase in market risk since the United States provoked a trade war on a global scale. Nowadays, the phenomenon of high global risk aversion is becoming more and more apparent.
In recent days, the international exchange market has shown a comparison of the dollar volatility and the yen arrogance. Outside the media, many safe-haven funds began to use the yen as a safe haven. The recent performance of the yen is particularly active. The yen broke through the consolidation range since the fourth quarter of the year before the end of last year, and once more than 3%. Even if the yen's gains converge, but given the current pessimistic view of the market, with the support of risk aversion, it is expected that the yen will continue to rise. Some analysts believe that in this context, Japan is waiting. Reuters reported on the 6th that Japanese Prime Minister Shinzo Abe said that the Japanese government will closely monitor the potential risks of the global economic recovery while guiding the policy.
At the same time as the yen has risen sharply, there is also a large amount of safe-haven funds pouring into the gold market. The S&P Goldman Sachs Gold ER Index, which has seen changes in New York gold futures, recently rose 1.07%, and the gold futures contract in February was closed at $1294.8.
There is a view that the increase in global risk aversion reflects from one side, and the current international market risk is increasing. Sun Lipeng, a scholar at the China Institute of Contemporary International Relations, said in an interview with Reference News that the increase in global market risk was caused by multiple factors. First, global trade frictions have intensified the pessimistic expectations of investors. In 2018, the Trump administration went its own way and launched a trade war with the world. The negative damage to itself was gradually emerging. US agricultural and manufacturing sectors were blocked from exporting and traded against other countries. Consumers' living costs have risen, dissatisfaction has warmed up, and the impact on the capital market has not been underestimated. International investment banks have predicted that trade friction is becoming the largest in the US economy. Uncertainty risk. Second, the spillover effect of US financial volatility. As a global economic and financial center, the performance of the US capital market has caused concern among global investors, and all major financial markets in the world have experienced varying degrees of fluctuations. At the same time, concerns about the slowdown in global economic growth have also exacerbated market risks.