CHN50 Drops as China’s Monetary Support Underwhelmed
The central bank of China slashed a series of key interest rates recently, in order to support waning economic growth, but markets were unimpressed and CNH50 continues to drop
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The central bank of China slashed a series of key interest rates recently, in order to support waning economic growth, but markets were unimpressed and CNH50 continues to drop
The pair dropped last week and starts the new one with caution, as the aggressive hike by the Bank of England has sparked concerns over the economy and a potential borrowing crisis
Take a look at some corporations that will be on our radar over the coming months, as the third quarter and the new earnings season get underway, amidst market optimism. These include EV leader Tesla, streaming giant Netflix and more
The commodity rejected key technicals after the surprisingly aggressive rate hike by the Bank of England, looking past recent cuts by China’s central bank to support the economic recovery
The index is under pressure after the Bank of England accelerated the pace of tightening on Thursday, in response to the latest hot inflation report
Watch today’s US Open for insights on the forceful rate hike by the bank of England, Fed Chair Powell’s Congress testimony and more
Wednesday’s increase in core inflation forced the UK central bank to a more forceful 0.5% increase today and although it did not commit to more tightening, backing down looks very hard
The pair rose on Wednesday helped by Mr Powell’s Congress testimony, which cemented the policy divergence between the Fed and the ECB, but trades with caution today
USOil rose on Tuesday after the central bank of China cut key short-term policy rate and inflation in the US decelerated, cementing market expectation for a hold by the Fed today
Watch today’s US Open for insights on the status quo US inflation report ahead of the Fed’s pivotal policy decision, the strong jobs report from the UK that keeps pressure on the Bank of England for further monetary tightening and more
Today’s employment report showed an increase in wages in the UK, which keeps pressure on the bank of England for further monetary tightening , sending the pair higher, but US inflation and Fed decision loom
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