The People’s Bank of China left its benchmark interest rates unchanged for the fourth straight month despite key indicators suggesting economic slowdown. The PBoC kept its one-year loan prime rate unchanged at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The decision came in line with expectations.
Goldman Sachs raises S&P 500 2025 year end target to 6800 (prior 6600) Nothing further at this stage. This article was written by Eamonn Sheridan at investinglive.com. Source link
Market surge on Fed cut and US-China trade optimism Fresh record highs for the three key United States (US) equity markets on Friday were supported by the Federal Reserve’s (Fed) rate cut, expectations of further reductions, and signs of progress in US-China relations. For the week, the Nasdaq 100 gained 2.22%, the S&P 500 added 1.22%,
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Japanese Prime Minister contender and Chief Cabinet Secretary Yoshimasa Hayashi said on Monday that the weak Japanese Yen, coupled with rising oil costs from the Ukraine war, has caused cost-push inflation. Key quotes BoJ is conducting monetary policy in way that does not deviate much from the government’s thinking.Japan’s past aversion to strong yen has diminished,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The International Monetary Fund (IMF) projects a growth rate of 1.0% for Mexico’s economy in 2025, a decrease from the anticipated 1.4% growth in 2024. In 2026, growth is expected to rise slightly to 1.5%. These projections fall short of the Mexican government’s estimates, which range between 1.8% and 2.8% for the upcoming year. The
China is expected to keep its benchmark lending rates unchanged on Monday, marking a fourth straight month of stability despite the Federal Reserve’s move to cut rates last week. A Reuters survey of 20 analysts unanimously predicted no change, leaving the one-year loan prime rate (LPR) at 3.00% and the five-year at 3.50%. While recent
ECB’s Scicluna said interest rates are “fine where they are,” with inflation projected slightly under 2% and risks balanced by the economy’s resilience and fiscal spending. Described policy as neutral, no urgency to adjust unless conditions change. investingLive Exclusive 1h ago Source link
European Central Bank (ECB) Governing Council member Martins Kazaks said inflation hovering slightly below 2% is acceptable, stressing that the central bank should avoid knee-jerk policy moves. The Latvian central bank chief argued it would be unrealistic to expect inflation to always land exactly at target, and rates should only shift if there’s a clear
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Yannis Stournaras is the Governor of the Bank of Greece and thus a member of the European Central Bank Governing Council (monetary policy setting committee). Speaking in Copenhagen, Stournaras said the ECB is probably done cutting interest rates, unless there is a meaningful deterioration in inflation or growth. Stournaras explained that while inflation is forecast
Mon: PBoC LPR, EZ Consumer Confidence Flash (Sep) Tue: Riksbank Announcement, EZ/UK/US Flash PMIs (Sep) Wed: CNB Announcement, Australian CPI (Aug), German Ifo Survey (Sep) Thu: SNB Announcement, Banxico Announcement, BoJ Minutes, PBoC MLF, German GfK Consumer Sentiment (Oct), US Durable Goods (Aug), US GDP (Q2), US PCE (Q2) Fri: Japanese Tokyo CPI (Sep), US
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Log in to today’s North American session Market wrap for September 19 Today’s story was one of cautious optimism for global trade, as both Washington and Beijing struck a more constructive tone. President Trump described the talks with Xi Jinping as “positive and constructive,” while adding that progress had been made on “several important issues.”
US Dollar bounces from three-year lows after Fed cut, supported by rising US Treasury yields late in the week. Fed officials Daly and Kashkari offered cautious tones, while Miran reaffirmed his preference for deeper easing. French spending cut protests pressure Macron’s new PM, adding political headwinds for the Euro. EUR/USD edges lower on Friday, late
