【TOP 1 Morning】Market is panic. U.S. stocks and crude oil plummeted. Oil prices slided more than 4%; USD rose 0.5%, and gold prices no longer high

Forex: The US dollar index rose 0.5% to 93.942 late Wednesday. EUR depreciated 0.6% against USD to 1.1671 US dollars, hitting a four-week low of 1.1650 USD during the session. EUR also fell 0.3% against JPY, at 122.14 yen.

GBP continued to rise against EUR, reflecting the impact of the restart of economic blockade measures in European countries, but it weakened against the safe-haven USD and fell to a 10-day low of $1.2901 in intraday trading.

The European Central Bank (ECB) stated that it will further relax its monetary policy in December, leading to a sharp depreciation of the euro. The euro hit a four-week low against the US dollar on Thursday (29th). The United States announced its brilliant GDP data for the third quarter, which is beneficial to the U.S. dollar in the long run. The U.S. dollar has performed strongly, and it has moved higher against the traditional safe-haven currencies, the Swiss franc and the Japanese yen.

Anthony Fauci, an authority on infectious diseases in the United States, is pessimistic about the epidemic in the United States and expects to face "great pain" in the next few months. He warned that the U.S. epidemic prevention direction is wrong, and if it does not change, it may be in trouble with the supply of negative pressure isolation (ICU) beds.

Gold: Gold futures fell during the US trading hours on Thursday. Due to the appreciation of the U.S. dollar, the U.S. economy broke a record in the third quarter.

The December gold futures of the Comex branch of the New York Mercantile Exchange had a 0.51% lower than the transaction price before the deadline, and the transaction was at USD1869.55 per troy ounce.

Comex silver's December transaction price dropped 0.20% to USD23.405 per troy ounce; December copper transaction price rose 0.16% to USD3.0688 per pound.

The World Gold Council reported that total gold demand in the third quarter fell from the same period last year, but investment demand soared.

The total demand for gold in the third quarter fell 19% annually to 892 metric tons, the lowest quarterly total demand since 2009. Total investment in gold (including coins, gold bars and ETFs backed by inflows of gold) increased by 21% annually to 494.6 metric tons.

Some experts speculate that during the recent stock market sell-off, the rise in the U.S. dollar and increased demand for government bonds have weakened the demand for gold and other precious metals.

Crude oil: Oil prices plunged by more than 4% on Thursday to a five-month low, continuing the previous day's sharp decline.

Brent crude oil futures fell 1.47 US dollars, or 3.76%, to close at 37.65 US dollars a barrel, and fell to a five-month low of 36.64 US dollars. US crude oil futures fell 1.22 US dollars, or 3.26%, to close at 35.89 US dollars per barrel, hitting the lowest since mid-June 34.92 US dollars.

OPEC+, the Organization of Petroleum Exporting Countries, will pay close attention to the deteriorating prospects and the increasing supply of member Libya. It will hold meetings on November 30 and December 1 to formulate production policies.

Stock market: Apple (AAPL-US) on Thursday (29th) released after-hours financial report for the fourth quarter of fiscal year 2020 (until 9/26). Revenue and profit were slightly better than Wall Street expectations, reflecting strong sales of iPad and Mac, but Due to a 21% decline in iPhone sales and a 29% decline in revenue in the Greater China region, the stock price fell more than 5% after the market.

Evercore ISI announced the results of its annual survey of teenagers and adults.

According to the survey, among adults aged 24 to 36, the top five mandatory brands are: Peloton (PTON.US, 19%), Apple (AAPL.US, 16%), Lululemon (LULU.US, 13%) ), Patagonia (8%), Nike (NKE.US, 6%). Adidas (ADDYY.US) and White Claw fell out of the top five lists.

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