About: lishitong
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China’s Smaller Rate Cut Weighs Down Stock Market
The Chinese government’s decision to modestly reduce the short-term loan rate has disappointed the market. Asian stock markets are on track for a weekly decline, partly influenced by China’s economic challenges and the prevailing global high-interest rate environment. A notable increase in the global government bond yield, reaching a level not seen in 15 years,Continue Reading
Written on August 21, 2023 at 6:09 am
Categories: Daily Market Analysis
Global Equity Markets Tumble as Recession Looms
Asian stock markets are on track for a weekly decline, but global government bond yields increased, reaching a level not seen in 15 years. Asian stock markets are on track for a weekly decline, partly influenced by China’s economic challenges and the prevailing global high-interest rate environment. A notable increase in the global government bondContinue Reading
Written on August 18, 2023 at 5:53 am
Categories: Daily Market Analysis
The Impact of Rate Hikes On US Home Sales And Services PMI
The Week Ahead: Week of 21 August (GMT+3) Tuesday, 22 August, 17:00 – US Existing Home Sales (Jul) During June, existing home sales in the U.S. witnessed a drop, reaching a five-month low of 4.16 million, which could be attributed to the impact of the Federal Reserve’s aggressive interest rate hikes on house prices. InContinue Reading
Written on August 18, 2023 at 1:47 am
Categories: Weekly Outlook
Tags: Weekly Highlight Event
Hawkish FOMC Meeting Minutes Boost Dollar
The Federal Open Market Committee (FOMC) meeting revealed that inflation may remain elevated. The dollar stands fortified after the release. The Chinese stock markets, including the Hang Seng index, are grappling with downward pressure due to investor pessimism surrounding the Chinese economy. Adding to these concerns, the release of the Federal Open Market Committee (FOMC)Continue Reading
Written on August 17, 2023 at 6:12 am
Categories: Daily Market Analysis
U.S. Retail Sales Rise Echo Hawkish Fed Outlook
Following the release of increased US Retail Sales data, the U.S. equity market experienced a decline as investors leaned towards a hawkish Fed policy stance. Last night, the spotlight was on U.S. retail sales data, which surpassed market expectations by coming in at 0.7%, an improvement from the previous figure of 0.3%. The increase inContinue Reading
Written on August 16, 2023 at 5:54 am
Categories: Daily Market Analysis
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