Monthly Archives: June 2023
Asian Equities Rise On China Stimulus Package
Written on June 7, 2023 at 6:00 am, by lishitong
Additionally, a planned visit by the US Secretary of State has boosted indices like the HSI The Chinese government introduced an economic stimulus package, including lowering their deposit rate as soon as mid-June. Meanwhile, the U.S. Secretary of State has planned to visit China, which may improve the bilateral relationship between the 2 nations. RegionalContinue Reading
Dollar Hammered By Weak PMI Data
Written on June 6, 2023 at 5:56 am, by lishitong
The dollar’s value experienced a decline, falling below $104 following the release of disappointing U.S. service PMI data. The reading dropped from 51.9 to 50.3, prompting the market to reconsider the possibility of the Federal Reserve pausing its interest rate hike in June. Investors are currently awaiting the announcement from the Reserve Bank of AustraliaContinue Reading
US Federal Reserve Signals June Hike Skip
Written on June 5, 2023 at 8:37 am, by lishitong
Focus has shifted from the US debt ceiling back to macro data and the Fed’s benchmark interest rate The dollar experienced its largest daily decline in almost a month as U.S. manufacturing data and statements from Federal Reserve officials reinforced expectations of a potential interest rate hike delay. Meanwhile, the euro rebounded from a two-monthContinue Reading
