Yearly Archives: 2024
China Cuts Mortgage Rate To Revive Property Market
Written on February 23, 2024 at 6:48 am, by jonywang
China has executed its most substantial cut on record to the five-year loan prime rate in an effort to stimulate its economy. China has executed its most substantial cut on record to the five-year loan prime rate in an effort to stimulate its economy. However, the equity markets, including Hang Seng, have not responded positivelyContinue Reading
Dollar Holds Steady, All Eyes On US GDP Release
Written on February 20, 2024 at 3:25 am, by jonywang
Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Robust US equity markets, fueled by strong corporate results, counter rising Treasury yields. Gold faces downward pressure due toContinue Reading
All Eye On U.S. PCE Data
Written on February 20, 2024 at 3:24 am, by jonywang
The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world’s largest chip maker. The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world’s largest chip maker. Optimistic earnings outlooks from Nvidia suggest that the industry is outperformingContinue Reading
