Market In a speech to Congress on June 21 (U.S. time), Jerome Powell mentioned, “Almost all Federal Open Market Committee participants anticipate that it would be appropriate to tighten monetary policy further by the end of the year. However, at…
Skipping Interest Rate Hikes On June 15th, the Federal Reserve’s interest rate meeting, in line with market expectations, did not choose to raise interest rates. The US CPI fell to 4% in May, a decrease of 0.9 percentage points, but…
X-Day Grounded On June 3rd, U.S. President Biden signed a bill to suspend the national debt ceiling until January 1, 2025, to avoid the U.S. defaulting for the first time, mitigating the X-Day risk. Global capital markets generally rose last…
X-Day Last week, global capital markets’ concerns about X-day led to a downturn in the stock market, with the US dollar index rising correspondingly, gold prices falling, and crude oil prices holding steady. On last Friday, global capital markets rose,…
This week, global capital markets were mostly on the rise. The Nikkei 225 index rose from 26,945 to 30,808, reaching a historic high. The Nasdaq increased from 12,365 to 12,657, while the Dow Jones went up from 33,348 to 33,426.…
Status quo In April, China’s CPI recorded 0.1%, a drop exceeding expectations, continuing to decline for three months. The PMI also fell below 50 in sync. Against the backdrop of a continued drop in commodity prices, we believe that the…
Since April, the U.S. dollar index has gradually fallen, from 102.6 to 101, with some fluctuations but a relatively small overall range, reaching a low of 100.788. As of May 5th, it closed at 101.214, overall remaining weak. The main…
This week, the Chinese capital market experienced a significant surge on Monday, followed by a slight increase on Tuesday, and continued to decline, with a considerable drop on Friday. The Shanghai market fell by 1.95%, with the index closing at…
This week, the Chinese capital market was volatile with larger intraday fluctuations. Among them, the Shanghai Composite Index closed at a new high since March 8 on Friday, still a certain distance away from 3400 in early July 2022. In…
This week, the US labor market slowed down, with data released by the US Department of Labor on Thursday showing that the number of first-time claims for unemployment benefits fell by 18,000 to 228,000 in the week ending April 1.…
