Monthly Archives: February 2024
China Cuts Mortgage Rate To Revive Property Market
Written on February 23, 2024 at 6:46 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
Fed Meeting Minutes Align with Expectations; PCE Price Index and GDP in Crosshairs.
Written on February 23, 2024 at 5:02 am, by jonywang
Wednesday, 28 Feb, 03:00 – RBNZ Interest Rate Decision In November, the RBNZ maintained its interest rate at 5.50%. Nevertheless, the central bank had earlier indicated a possible rate increase in 2024, citing persistent inflation. Despite the economy technically being in a recession, global markets are bracing for a potential unexpected interest rate hike inContinue 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
