About: lishitong
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Dollar Struggles as Investors Remain Sceptical of Fed’s Hawkish Tone
The US Dollar is uncertain due to recent hawkish comments by Atlanta Fed President Raphael Bostic and James Bullard on rate hikes. The US Dollar continues to struggle as uncertainty over US monetary policy lingers in the global financial market. Despite hawkish comments from Atlanta Fed President Raphael Bostic and James Bullard regarding the needContinue Reading
Written on April 19, 2023 at 6:03 am
Categories: Daily Market Analysis
Tags: Daily Market Analysis
China’s GDP Shows Solid Economic Recovery
Economic growth in the world’s second-largest economy will be bullish for oil prices China’s freshly released economic data has shown resilient growth in the country compared to the previous quarter. China’s GDP in the first quarter surged to 2.2% from the previous quarter’s 0%, a favourable sign that could potentially stimulate higher oil prices. Moreover,Continue Reading
Written on April 18, 2023 at 6:05 am
Categories: Daily Market Analysis
Tags: Daily Market Analysis
Markets Cautious Ahead of Earnings Season
Equities are muted as markets await the expected volatility of the earnings season US index futures cautiously climbed during the Asian market session, signalling investors’ apprehension ahead of the upcoming earnings season. Against the backdrop of growing concerns over economic slowdown and the possibility of further rate hikes, market volatility is expected to remain high,Continue Reading
Written on April 17, 2023 at 5:47 am
Categories: Daily Market Analysis
Tags: Daily Market Analysis
Alibaba to roll out AI Tech to rival ChatGPT
Alibaba Cloud has unveiled its AI chatbot, Tongyi Qianwen The Chinese tech giant, Alibaba Cloud, unveiled an AI-driven chatbot Tongyi Qianwen that will gradually become available across all Alibaba products, from enterprise communication to e-commerce, in the coming period. The chatbot will possess Chinese and English language capabilities and will be initially deployed on DingTalkContinue Reading
Written on April 17, 2023 at 4:57 am
Categories: Weekly Outlook
Rate Hike Expectations Falter as PPI Plummets
The US Producer Price Index came in lower than expected The US Federal Reserve’s rate hike expectations have continued to wane amid a flurry of lacklustre economic data. The latest blow to inflationary pressures came from the Producer Price Index (PPI) released by the Bureau of Labor Statistics, which displayed a significant drop in annualisedContinue Reading
Written on April 14, 2023 at 6:12 am
Categories: Daily Market Analysis
Tags: Daily Market Analysis
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