China made unexpected moves in lowering key short-term policy rates and benchmark lending rates on Monday in an attempt to stimulate growth in its economy. This decision comes after the country reported disappointing second-quarter economic data and as top leaders convened for a critical plenum meeting. The move signals China’s efforts to combat deflation, address
EUR/USD has seen a slight uptick to 1.0895 in the early Asian trading session on Monday, marking a 0.12% increase for the day. This movement can be attributed to various factors, including statements from key central bank officials and upcoming economic indicators. The Federal Reserve’s stance on a potential rate cut, as highlighted by Fed’s
The reaction from Nataxis Asia Pacific Chief Economist Alicia Garcia Herrero to China’s Third Plenum and press conference was overwhelmingly negative. She criticized the lack of change in direction and the absence of any mention of the power of market forces. This disappointment reflects a lack of confidence in China’s ability to shift towards consumption-led
China’s recent decision to cut short and long-term rates by 10 basis points has sent shockwaves through the global financial markets. The People’s Bank of China announced this move with the intention of supporting economic growth in the country. This decision came shortly after the release of a policy document outlining China’s economic ambitions for
Britain’s new finance minister, Rachel Reeves, is currently considering giving inflation-busting pay increases to almost 2 million government employees. This move comes as an attempt to avoid potential public sector strikes that could cripple essential services. The pay review bodies advising the government have recommended a substantial 5.5% wage rise for 460,000 teachers and 1.4
The People’s Bank of China is expected to keep the one-year and five-year Loan Prime Rates steady at 3.45% and 3.95% respectively. However, any unexpected cut could potentially boost demand for the Australian dollar. Lower lending rates in China could lead to an increase in credit demand and consumption, which in turn could benefit the
The recent surge in investment flow towards small caps may not necessarily indicate a simple rotation from winning growth trades. According to Dave Nadig, an ETF journalist and financial futurist, investors seem to be engaged in a frenzy of buying across the board rather than just shifting funds from one sector to another. This diversification