Monthly Archives: February 2024
Raving Sentiment in the U.S. Stock Markets
Written on February 23, 2024 at 6:49 am, by jonywang
The U.S. stock markets, particularly the Nasdaq, have experienced a significant surge, reaching record high levels, largely driven by Nvidia’s impressive earnings report. The U.S. stock markets, particularly the Nasdaq, have experienced a significant surge, reaching record high levels, largely driven by Nvidia’s impressive earnings report, which signals a positive outlook for the technology sector.Continue Reading
Fed Meeting Minutes Align with Expectations; PCE Price Index and GDP in Crosshairs.
Written on February 23, 2024 at 6:48 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
China Cuts Mortgage Rate To Revive Property Market
Written on February 23, 2024 at 6:48 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
