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Why Is Warren Buffett Buying This Stock-Split Stock Hand Over Fist?
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PBOC sets USD/ CNY reference rate for today at 7.0531 (vs. estimate at 7.0518)
The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A…
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People’s Bank of China rate cut. 14 day reverse repo cut to 1.85% from 1.95%
I posted earlier on this, repeating it here: PBOC injected 74.5 bn yuan liquidity to banking system via 14-day reverse repo, with rate lowered to 1.85% from 1.95%.also injects 160.1 bn yuan liquidity via 7-day reverse repo, with rate unchanged at 1.7%. There has been ongoing speculation of…
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Vice President Harris pumping crypto – says will encourage digital assets
Vice President Kamala Harris spoke in New York City on Sunday, raising funds. She did make a pledge on crypto though. “We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.” Bloomberg (gated) carried the report, noting that Harris’ comments mark the…
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PBOC is expected to set the USD/CNY reference rate at 7.0518 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows…
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Australian (populist swill) politicians are now actively moving to remove RBA independence
The Australia ‘Greens’ party want RBA independence ended. The Greens said they’ll support changes at the RBA only if interest rates are cut. Australian Treasurer Chalmers is trying to create a new monetary policy board at the RBA, but do so he needs support of the Greens Party.…
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UBS with 2 big reasons it expects stocks to keep performing strongly
UBS says that history shows stocks have performed well in periods when the Fed is cutting rates while the US economy is still growing. UBS says last week’s FOMC 50bp rate cut bolstered market sentiment in two main ways: 1. Powell expressed a desire to “recalibrate” monetary policy…
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This Stock Is Crushing Nvidia’s Performance This Year: Is It Too Late to Buy?
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Nomura look for further GBP gains after BoE left Bank rate unchanged
Ladt week the Bank of England left rates unchanged: ForexLive European FX news wrap: BOE hold rates Nomura says GBP could rise even further now: “There appears to be little appetite on the Monetary Policy Committee to rush into rate cuts,” rate-cut expectations appear excessive and are likely…
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