US Open – 24 August 2023 (Video)
Watch today’s US Open for insights on the blowout results of AI pioneer Nvidia, poor EZ &UK PMIs and monetary policy outlook ahead of the Fed’s Jackson Hole Symposium
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Watch today’s US Open for insights on the blowout results of AI pioneer Nvidia, poor EZ &UK PMIs and monetary policy outlook ahead of the Fed’s Jackson Hole Symposium
Chinese authorities are trying to prop the frail recovery, but are sticking to modest actions so far and today’s timid rate cut by the central bank was another sign of that
This week’s data from the UK showed that headline inflation eased further in July, but remains far from target and that wages increased further, keeping pressure on BoE for further monetary tightening
A big Chinese trust company, Zhongrong International Trust Co., is causing concerns because they have not been making payments on their investments lately. This company is typically involved in real estate and has been having trouble with payments on many of their investment products. This, along with home prices going down, is making people worried that the ongoing property crisis in China is making the economy's slow growth even worse.
Real yields have an effect on the USDOLLAR, Gold and Risk Indexes.
China unexpectedly cut the medium-term lending facility (MLF) by 15bps to 2.5%. This is the biggest cut since 2020. This action is to provide support to an economy that is currently grappling with renewed challenges stemming from a deteriorating property market and sluggish consumer expenditure.
Watch today’s US Open for insights on the CPI inflation update form the US, China’s deflation, Disney’s stock outlook after the mixed quarterly results and more
Consumer inflation fell to negative territory in July, for the first time in more than two years, aggravating fears over the recovery of the world’s second largest economy
Watch today’s US Open for insights on China’s poor trade data, Apple’s disappointing results, key upcoming releases and more
China revealed on Tuesday that its exports took a noticeable hit in July, dropping by 14.5% compared to last year. Imports also faced a significant decline of 12.4%, measured in U.S. dollars.
After the latest round of monetary policy decisions, uncertainty is prevalent, as most central banks have kept all options in play in regards to their next steps
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