USD/JPY heads for weekly gains ahead of Japan elections and USD rebound
The pair extends its gains on Yen weakness from fiscal worries tied to the elections and a greenback recovery, but dowside risks linger.
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The pair extends its gains on Yen weakness from fiscal worries tied to the elections and a greenback recovery, but dowside risks linger.
The pair drops as markets anticipate FX intervention, after Japanese Prime Minister Takaichi vowed to act against speculative moves, while broader US dollar weakness adds pressure.
HKG33 finds support after consumer prices accelerated in November, but deflation fears persist
China's leaders confirmed recent policy shifts aimed at boosting growth, focusing on higher government spending, long-term bonds, and lower interest rates. A 5% growth target is expected for next year, with more details to be revealed in March.
HKG33 is tepid as Chinese authorities announced new fiscal support, but the lack of details and soft inflation report sustain skepticism
China faces significant economic challenges, with upcoming fiscal measures anticipated to support growth amidst a troubled property market. Despite some positive signs, experts warn that more aggressive interventions are needed to restore confidence and ensure a sustainable recovery.
China’s stock market has surged following decisive government actions, including interest rate cuts and property sector support. However, deeper concerns about weak consumer confidence and deflation remain. Analysts argue that further fiscal measures are needed to sustain long-term economic recovery.
The European Union has approved tariffs of up to 45% on electric vehicles imported from China to counter alleged unfair subsidies and protect local manufacturers. This decision has raised concerns among member states, particularly Germany, about potential retaliation from China and its impact on European exports. Chinese EV makers now face challenges in adjusting to these tariffs, with some considering production shifts to Europe to mitigate the financial burden.
The Chinese central bank announced a series of measures to support the economy and stock markets, sending HKG33 to one of its best days of the year
Unlike the last decision that had caused the stock market to plunge, today's cautious pause by the Japanese central bank, saw muted JPN225 reaction and weekly gains
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