Hang Seng Cautious as China’s Factory Activity Shrinks Further
HKG33 faces pressure in a mixed month, after today’s Manufacturing PMI showed further contraction, highlighting China’s fragile economic state
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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HKG33 faces pressure in a mixed month, after today’s Manufacturing PMI showed further contraction, highlighting China’s fragile economic state
The central bank maintained rates at 5.5% for fourth straight meeting on Wednesday, but appeared concerned about inflation, warning of further tightening and raising its terminal rate projection
Watch today’s US Open for insights on the persistent Japanese inflation and its impact on USD/JPY, the cautious return of Wall Street from Thanksgiving and key events ahead including US and Eurozone inflation updates
The pair shows signs of exhaustion as a profitable month heads to a close, awaiting Thursday’s inflation updates from Eurozone and the US, among other releases
The pair rises as the UK PM touts the pledge of almost £30 bln in foreign investment following the “Autumn Statement for Growth”, which also strengthens prospects for a prolonged restrictive stance by the BoE
In a somewhat mixed and holiday-thinned week, the pair faces difficulties after today’s CPI data from Japan showed persistently elevated inflation, keeping pressure on the BoJ for policy normalization
Watch today’s US Open for insights for commentary on the UK budget and its impact on GBP/USD, Nvidia’s blockbuster results and more
The index is cautious after the UK Chancellor’s “Autumn Statement for Growth”, which could make the BoE’s struggle to control inflation harder
Oil prices slump today after the organization pushed back for next week its upcoming meeting, amidst hopes that further supply cuts could be considered
The tech-heavy index dropped yesterday after the Fed’s minutes showed no discussion around rate cuts, but finds support today, boosted by another blowout quarter by AI facilitator Nvidia
The chip giant posted new record top and bottom lines on Tuesday on strong demand for its artificial intelligence infrastructure and projects further growth ahead, despite negative impact from US trade curbs
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