Category Finance

There have been stimulus announcements made: PBOC and other senior economic officials press briefing underwayPeople’s Bank of China will soon cut reserve requirement ratio by 50bpPeople’s Bank of China will soon cut 7-day reverse repo to 1.5% from 1.7% Multiple rate cuts said to be on the way,…

People’s Bank of China Governor Pan Gongsheng: must coordinate monetary and fiscal policiesmust support steady recovery of prices in the economyby year end we might cut RRR rate furtherafter RRR cut financial weighted ratio for large banks will be reduced to 8%MLF will be lowered by 0.3%LPR will…

JP Morgan remark on US stock market strength, with the view that stocks will continue to find support from the macroeconomic environment. While there may be short-term volatility their expectations is for stocks to move higher still. JPM cite: US consumer is in a strong positionsome individuals are…

Financial Times (gated) in brief on what PM Staremr will be saying in his speech Tuesday: tough decisions are needed for UK national renewalthere are no easy answerswill warn of more pain to come This article was written by Eamonn Sheridan at www.forexlive.com.

The Reserve Bank of Australia statement is coming at 0030 US Eastern time, 0430 GMT. Governor Bullock will hold her press conference an hour later. Expectations are unanimous for an on hold decision. ANZ, in its preview, say they expect the RBA Board to consider hiking the cash…

The Reserve Bank of Australia will announce its latest decision today at 2.30 pm Sydney time 0430 GMT0030 US Eastern time Expectations are unanimous for ‘on hold’: Reserve Bank of Australia meeting today – preview – on hold expectedRBA meeting – preview – to leave the cash rate…

If anything is likely to prompt further stimulus in China this is probably it. Youth unemployment in China can have unwanted political repercussions for the Chinese Communist Party. China’s youth unemployment rate in August, according to National Bureau of Statistics (NBS) data released Friday: ages 16 to 24,…

The Swiss National Bank is expected to cut its benchmark interest rate by 25 basis points on Thursday, from 1.25% to 1.0%. Reuters poll shows: 30 of 32 economists expect a 25 bp cut1 expect a 50 bp cut1 expects no changefurther ahead, 18 of 32 expect a…

S&P and Dow industrial average close at record levelsCrude oil futures is settling $70.37More Geopolitics: Iran Pres says US policies support & encourage IsraelGeopolitics: Israeli military is now targeting BeirutEuropean equities end mixed, US shares edge higherMore from Goolsbee: Until the rate, falling inflation has meant Fed has…

The price of gold hit its highest ever on Monday, and UBS is looking for higher to come. Anal 1. The Federal Reserve’s recent 50-basis-point rate cut has boosted enthusiasm for gold by reducing the opportunity cost of holding the non-yielding asset. This is expected to be the…