The US stock market rose across the board, oil prices rebounded, and the RMB rose sharply.

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The Federal Reserve has started a two-day monetary policy meeting, and it is scheduled to issue an interest rate statement in the early morning of Thursday, Beijing time. Federal Reserve Chairman Yellen will hold a press conference at that time, and the global market will hold its breath.

American stock market

The US stock index rose for the first time in three days, and the rebound of technology stocks helped boost the Dow Jones index and the S&P 500 index to record highs on Tuesday.

The Dow Jones index rose 92.80 points, or 0.4%, to 21,328.47 points. The S&P 500 index rose 10.96 points, or 0.5%, to 2,440.35. The Nasdaq Composite Index rose 44.90 points, or 0.7%, to 6,220.37 points.

Some investors said that they were not surprised by the rapid rebound of the stock market. Strong corporate profits have helped the stock market continue to climb this year, prompting many investors to think that this decline is a buying opportunity rather than a reason to leave.

Technology stocks rose by 0.9%; Energy stocks rose 0.7% as oil prices reversed the early decline; Raw material stocks rose by 1.3%, and all constituent stocks rose; Only telecom stocks fell.

U.s. treasury bonds

U.S. Treasury bonds closed basically flat. After the auction of 30-year treasury bonds gained strong demand, the yield curve of treasury bonds leveled off, and earlier in the session, the treasury bonds fell due to the inflation rate rising to a five-year high.

The yield of benchmark 10-year treasury bonds closed at 2.206% and was reported at 2.215% on Monday; The yield of 30-year treasury bonds was 2.8648%, down 0.46 basis points; The yield of 5-year treasury bonds was reported at 1.7813%, up by 0.3 basis points.

The $12 billion auction of 30-year treasury bonds attracted the highest demand since March. Monday's auction of 3-year and 10-year treasury bonds also attracted strong demand from inside and outside the United States.

gold market

International gold prices closed down for the fifth consecutive trading day on Tuesday, as the prospect of a possible interest rate hike by the Federal Reserve overshadowed concerns about political risks.

The settlement price of gold futures for August delivery in the New York Mercantile Exchange fell by 30 cents to $1,268.6 per ounce, and fell to $1,260.5 per ounce earlier in the session before rebounding. This is the lowest closing level of the futures since May 30th.

Investors sold their gold positions because the market expected the Fed to raise short-term interest rates at its policy meeting this week.

Crude oil market

WTI rebounded, closing at more than $46/barrel, as the market predicted that US crude oil inventories fell last week. After OPEC reported its increase in production in May, oil prices once fell by 1.1%. The API data was released late Tuesday.

In July, the WTI contract rose 38 cents to close at 46.46 US dollars/barrel; Brent rose $43 to $48.72 in August.

Brent crude oil price is $2.05 higher than WTI in August.

foreign exchange market

Dollar sideways consolidation, the Federal Reserve began to hold the latest policy meeting.

The pound rebounded from the decline in the previous three trading days and rose by 0.7% against the US dollar. Previous data showed that the inflation rate in the UK rose in May.

The Canadian dollar rose 0.6% against the US dollar, after optimistic remarks made by officials of the Bank of Canada triggered speculation that the Bank of Canada might raise interest rates.

Renminbi (RMB)

Offshore RMB rose for the first time in five days, and the trading volume was still low before the Fed's interest rate decision.

At 5 am Beijing time on Wednesday, the offshore RMB rose 0.11% against the US dollar to 6.7883 yuan. The onshore RMB was flat against the US dollar at night, at 6.7989 yuan; At 16:30 Beijing time on Tuesday, the official closing price of RMB was 6.7981 yuan, which was the same as the previous trading day.

The risk reversal of USD/offshore RMB declined in various periods.