About: lishitong
Recent Posts by lishitong
U.S. to Send More Aid to Ukraine
The U.S. will send another security package to Ukraine, worth US$275 million, consisting of new capabilities to boost its air defences. This puts the total amount of direct aid the U.S. has delivered to Ukraine since Russia’s invasion at $13 billion. U.S. President Joe Biden and Treasury Secretary Janet Yellen have both affirmed continued aidContinue Reading
Written on December 12, 2022 at 6:11 am
Categories: Weekly Outlook
Gold Struggles to Find Direction even as China Eases Covid Restrictions
China has announced that it will be lifting its strictest covid policies, including being forced to quarantine in state facilities and the need to test before entering most venues. The easing has been released in a series of new guidelines that include a ban on blocking fire exits, encouraging vaccinations among the elderly, and shortenedContinue Reading
Written on December 8, 2022 at 5:09 am
Categories: Weekly Outlook
Will Dovish Signalling Underscore the Effects of the Upcoming NFP?
On Wednesday evening, November’s ADP Nonfarm Employment Change numbers were released, vastly underperforming expectations with an increase of 127,000 private payroll jobs, well below the estimate of 190,000 and the previous month’s 239,000. The leisure and hospitality sector was the largest gainer, with an increase in 224,000 jobs. The most significant sector losses include manufacturing,Continue Reading
Written on December 1, 2022 at 3:14 am
Categories: Weekly Outlook
Covid Protests Erupt Across China
As frustrations mount over China’s zero covid policy and continued lockdowns, protests, a rare sight in China, have sprung up all over the country. The lastest happened on Sunday, where protesters and and police clashed in Shanghai. In Wuhan, Chengdu and the capital of Beijing, demonstraters have also taken to the streets, citing disatisfaction withContinue Reading
Written on November 28, 2022 at 5:56 am
Categories: Weekly Outlook
FOMC Minutes Point to Less Hawks Decisions
On Wednesday, 24 November (GMT+2), the Federal Open Market Committee (FOMC) released the minutes of its 1-2 November meeting. Reflecting statements multiple officials have made over the last several weeks, the meeting summary concluded that a substantial majority of the Monetary Policy Committee (MPC) agreed it would probably moderate the pace of interest rate hikes.Continue Reading
Written on November 24, 2022 at 3:24 am
Categories: Weekly Outlook
Recent Comments by lishitong
No comments by lishitong yet.