Hang Seng Drops as China’s Rate Cuts Underwhelmed Markets
The Chinese central bank went on a rate cut spree this week, showing urgency to support the economy, but markets were unimpressed and HKG33 extended its losses
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The Chinese central bank went on a rate cut spree this week, showing urgency to support the economy, but markets were unimpressed and HKG33 extended its losses
The stock posted its worst day in more than two years after the Q2 results showed a drop in profits and automotive revenues, as investors appear cautious around the AI push
The index loses around 10% from its record peak as prospects of further BoJ policy normalization mount and the Yen rebounds from its 38-year lows
XAU/USD regains its footing after the pullback from its record peak on prospects of Fed cuts, ahead of Friday’s PCE inflation report
The barrage of rate cuts in China – a key consumer and producer – did not impress market and prices of the commodity continue their decline
The pair trades with caution against a volatile monetary policy backdrop, following last week’s apprehensive ECB and ahead of US inflation update
The index is cautious and stays in consolidation as today’s inflation update sustains uncertainty around the central bank’s rate path
The index regains its footing as markets price in three cuts within the year and focus now shifts to Netflix earnings, which kicks things off for Big Tech
The pair registered a sharp fall on Thursday following cooler US inflation, in a move that that has markets guessing if Japanese authorities intervened again
After a four-week profitable streak, USOil faces headwinds as consumption concerns resurface and IEA reiterates view for a substantial slowdown in demand growth
The central bank of New Zealand stayed on the sidelines again today, but its messaging was more dovish compared to the previous meeting, raising chances of rate cuts within the year
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