Monthly Archives: June 2023
Dollar Stands Pat Ahead Of Powell’s Testimony
Written on June 21, 2023 at 5:48 am, by lishitong
Fed Chair Jerome Powell is due to give his twice-yearly testimony before congress today The market is exhibiting cautious sentiment as it edged lower in anticipation of Fed Chair Jerome Powell delivering his semi-annual monetary policy report before the House today (21st June). Investors closely scrutinise this two-day testimony to gain insights into the Fed’sContinue Reading
Positive Talks Between Blinken And Xi Spur Hope For Equities
Written on June 20, 2023 at 5:42 am, by lishitong
Additionally, China has announced its first reduction in the benchmark lending rate in 10 months, a move that could provide support for oil prices. Last night, the U.S. Secretary of State met with the Chinese President and expressed satisfaction with the accomplishments of their trip. This positive development in bilateral relations has the potential toContinue Reading
Blinken Potentially Meeting President Xi
Written on June 19, 2023 at 5:46 am, by lishitong
Improved relationships between the US and China could potentially lead to the equities markets surging Equities in the U.S. contracted last Friday after a bullish run in the past week with Nasdaq up by more than 3%. Notably, U.S. Secretary of State Anthony Blinken’s visit to China, including meetings with top diplomats and a potentialContinue Reading
