About: lishitong

U.S. equity markets declined after Fitch’s downgrade of U.S. treasuries. Last night, the financial market witnessed significant turbulence as Fitch’s downgrade of U.S. treasuries sent shockwaves. U.S. equity markets experienced a sharp decline, with Nasdaq leading the losses with a plunge of over 2%. Simultaneously, the U.S. 10-year bond yield surged to its highest levelContinue Reading

The announcement of Fitch has downgraded U.S. treasuries immediately affected gold prices. Fitch, the U.S. credit rating agency, has downgraded U.S. treasuries from their pristine AAA rating to AA+. The implications for the dollar remain to be seen, but the announcement immediately affected gold prices, which quickly surged by nearly 0.3%. In Asian markets, theContinue Reading

Market analysts project a 25 basis point rate hike from the RBA, but positive economic data may lead to a rate hike pause. All eyes are on the Reserve Bank of Australia (RBA) as investors eagerly await the announcement of their interest rate decision, scheduled for later today. Market analysts have projected a 25 basisContinue Reading

After the release of the U.S. PCE data, equity markets responded positively, with Asian markets sharing the upbeat sentiment. Last week’s release of the U.S. PCE data sparked optimism in the market, fueling demand for risky assets on expectations of further inflation moderation. Equity markets responded positively, with Asian markets sharing the upbeat sentiment atContinue Reading

Japanese yen strengthened against majors. BoJ to discuss potential YCC strategy adjustments, sparking market speculation. The Japanese yen displayed strength against its major counterparts last night. The market buzzed with speculation as the BoJ unveiled plans to discuss potential adjustments to its yield curve control (YCC) strategy. Speculators opine that the central bank may contemplateContinue Reading