Category Finance
Finance News
Trump Media shares face potential sell-off as insider selling restrictions lift
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PBOC is expected to set the USD/CNY reference rate at 7.0637 – 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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People’s Bank of China rate cuts are expected today: LPRs, repo
The People’s Bank of China is expected to cut its main policy reverse repo rate, along with its Loan Prime Rates (LPRs) today. The rate cut from the Federal Reserve this week is expected ease the way for cuts from the PBOC. The PBOC has shifted to the…
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Bank of England Monetary Policy Committee member Mann speaking Friday
0800 GMT / 0400 US Eastern time: Keynote speech by Catherine L Mann, external member of the monetary policy committee for Bank of Englandvenue is the Central Bank Research Association, National Bank of Poland and Bank of Lithuania 5th biennial conferencethe conference title is “Macroeconomic adjustments after large…
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China leaves 1- and 5-year Loan Prime Rates (LPR) unchanged
China leaves 1-year Loan Prime Rate (LPR) unchanged at 3.35% and 5-year Loan Prime Rate (LPR) unchanged at 3.85% Polling had shown expectations for a rate cut: People’s Bank of China rate cuts are expected today: LPRs, repo This article was written by Eamonn Sheridan at www.forexlive.com.
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UK consumer confidence September: -20 (vs. -13 expected). Lowest since March 2024.
UK GfK Consumer Confidence September 2024 is disappointing, turns even more deeply pessimistic. Comes in at a six-month low of -20 in September, a seven point drop from August expected -13, prior -13August’s -13 was the (joint) best in nearly three years GfK comments: households appeared to be…
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Japan data – August CPI Headline +3.0% y/y (vs. 3.0% expected)
Japanese CPI Overall 3.0% y/y expected 3.0%, prior 2.8% Core CPI (excluding fresh food) 2.8% y/y expected 2.8%, prior 2.7% Core-core 2.0% y/y, expected 2.0%, prior 1.9%excluding fresh food and energy, this is the closest to US core inflation All three CPI data points are higher than in…
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ICYMI – China’s state planner promises more stimulus (describes as ‘incremental’)
The National Development and Reform Commission of the People’s Republic of China (NDRC) is the ‘state planner’. From a news conference held late on Thursday: Approved 83 fixed-asset investment projects worth a total of 673.1 billion yuan in January-August.We are capable and confident of achieving full-year economic and…
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Jim Cramer: This Utilities Stock Is A Buy, Calls Wells Fargo A ‘Winner’
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