• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 18th - It was learned today from the National Data Administration that my country is promoting pilot projects for international cooperation in the data field. The first batch of pilot projects will be carried out in 10 locations, including Shanghai, Hainan, Fuzhou, Xiamen, and Quanzhou in Fujian, Changsha in Hunan, Guangzhou, Shenzhen, Hengqin Guangdong-Macao In-Depth Cooperation Zone in Guangdong, and Nanning in Guangxi. The pilot projects will cover six aspects, including data infrastructure, data standards and protocols, and cross-border service ecosystem.The yield on Japans 2-year government bonds fell, dropping 2 basis points to 1.67%.The yield on Japans 5-year government bonds continued its decline, falling 2 basis points to 2.14%.August 18 - According to the Iranian news agency IRNA, Iranian Foreign Minister Araqchi stated: "At the beginning of this war, Trump threatened to force Iran to surrender unconditionally, but Iran did not surrender. When they realized that this delusion could not be achieved, they tried to push for regime change, but failed; then they tried to divide Iran, but failed; they tried to arm various groups in different regions and western provinces, and they also admitted to providing weapons, but that also failed."August 18 – According to the Iranian news agency IRNA, Iranian Foreign Minister Araqchi stated: “As you can see, the enemy pleaded for negotiations shortly after the start of the war. We refused a ceasefire and insisted on fighting until they finally accepted a ceasefire and negotiations on Iranian terms. This history will be recorded in detail. They put forward a multi-term proposal, and we put forward another; they revised it again, and we adjusted accordingly. Finally, they agreed to negotiate on Irans proposal. Only then did Iran accept the ceasefire. Several ambassadors to Iran from different countries have repeatedly told me that almost all the terms of the memorandum of understanding were in Irans favor, with only a small portion in favor of the other side. You also saw that less than two weeks later, they began to violate the memorandum of understanding because all of its contents were in Irans interest. The biggest opponent and obstructor of the implementation of this memorandum has been, and still is, the Zionist regime. I repeat here again – many foreign ministers have told me: Iran has won both the war and diplomacy.”

Fears of Stagflation Caused by Tightening Policies Increase As Asian Stocks Fluctuate

Haiden Holmes

Jun 15, 2022 11:11

16.png


Asia-Pacific stocks were mixed this morning, Wednesday. Ahead of a U.S. Federal Reserve meeting that is likely to provide strong tightening decisions, U.S. share markets continued to decline.


Nikkei 225 dropped 0.67 percent at 10:49 PM ET (2:49 AM GMT).


The KOSPI decreased by 1.21 percent.


Australia's ASX 200 index declined 0.38 percent.


Hong Kong's Hang Seng gained 1.14 percent .


Shenzhen Component rose 0.49 percent and Shanghai Composite rose 0.90 percent.


China's industrial output climbed by 0.7% year-over-year in May, according to statistics released on Wednesday, which was marginally higher than market estimates. In April, a decrease of 2.9% was seen, whereas Investing.com had expected a decrease of 0.7%.


Nonetheless, as Beijing saw clusters of COVID-19 breakouts, the city's officials warned on Tuesday that the city was in a "race against time," heightening concerns that the reinstatement of harsh restrictions might harm the city's economy and global supply chain.


The S&P 500 finished down for the fifth consecutive day due to concerns that Fed measures to tighten monetary policy to calm raging inflation might lead to stagflation.


Investors are now betting on aggressive interest rate rises, such as 75 basis points from the Fed, which would be the largest increase since 1004


Steve Englander, director of global G10 FX research at Standard Chartered Bank, wrote in a note, "Inflation is front and center in the headlines and asset markets, and few are voicing worry about over tightening the monetary policy."

After their greatest decline in decades, Treasuries stabilized. Two-year rates recovered after reaching a level not seen since 2007, while 10-year yields retreated from around 3.5 percent.


Barbara Ann Bernard, chief investment officer of Wincrest Capital Ltd., told Bloomberg, "The sooner they are explicit about how rapidly they would increase interest rates and what amount of inflation they consider acceptable, the sooner the markets will settle down."


The Bank of England will announce its policy decision on Thursday, while the Bank of Japan will announce its decision on Friday.


Bitcoin's value on the cryptocurrency market steadied at $22,000.