Monthly Archives: July 2023
China’s Economic Stimulus Package Spurs Stock Markets
Written on July 27, 2023 at 2:59 am, by jonywang
The Hang Seng Index and regional stock markets start the day with a solid 3% gap up on account of Chinese government’s economic bolstering optimism. The Hang Seng Index and regional stock markets start the day with a solid 3% gap up, driven by a prevailing optimism over anticipated economic bolstering by the Chinese government.Continue Reading
BoJ Monetary Policy Remains Dovish
Written on July 27, 2023 at 2:59 am, by jonywang
Japanese yen weakens as officials state no immediate plan to modify ultra-loose monetary policy. This week, major central bank decisions will be in focus, including the Fed’s rate announcement on Wednesday and the ECB’s on the following day. Investors will closely watch the CB Consumer Confidence released on Tuesday for insights into the Fed’s monetaryContinue Reading
Upbeat Job Data Encourages Dollar Surge
Written on July 27, 2023 at 2:59 am, by jonywang
U.S. dollar surged more than 0.5% triggered by optimistic job data in the U.S. Asian equity markets faced declines, influenced by the U.S. equity market’s disappointing earnings results. Last night, Nasdaq experienced a substantial drop of over 2%, marking its most significant single-day decline since March. Conversely, the U.S. dollar displayed strength, surging more thanContinue Reading
