EUR/USD 1.16769
-0.012%
Gold 4634.69
0.386%
Oil 85.102
-1.377%
USD/JPY 158.960
-0.022%
GBP/USD 1.36400
-0.048%
GBP/JPY 216.826
-0.071%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Southern Command: Operation kills two drug trafficker terrorists.U.S. Southern Command: A deadly strike was carried out against a low-observable vessel operating on a pre-established drug smuggling route in the Eastern Pacific.On August 24th, a survey released on the 23rd by the Angus Reed Institute, a Canadian polling organization, showed that over 70% of Canadians support the governments withdrawal from Canada-US trade negotiations. The survey indicated that 76% of respondents supported the Canadian governments position. Even among supporters of the opposition Conservative Party, 53% believed the governments withdrawal was correct and that a "bad" agreement should not be accepted. Furthermore, regarding the Canadian governments proposal to impose retaliatory tariffs on the US on September 8th, approximately 62% of respondents believed this move was appropriate under the current circumstances. The survey also showed that regarding the potential employment crisis caused by the Canada-US trade war, about 13% of employed respondents expressed "great concern" about losing their jobs, while another 25% expressed varying degrees of concern. Industry experts previously predicted that a complete breakdown in Canada-US trade negotiations could lead to a 0.4% reduction in Canadas GDP and a loss of 90,000 jobs.August 24th - Recently, affected by Typhoon Zitan (No. 19 of this year), many areas in Chongzuo and Fangchenggang in Guangxi Zhuang Autonomous Region have experienced continuous heavy rainfall, resulting in severe flooding. On August 24th, the National Disaster Prevention, Reduction and Relief Commission and the Ministry of Emergency Management activated a Level IV national emergency response. Based on the "National Natural Disaster Relief Emergency Plan" and the disaster losses in Guangxi Zhuang Autonomous Region, the National Development and Reform Commission has urgently allocated 50 million yuan from the central budget to support Guangxi in post-typhoon and flood disaster emergency recovery efforts. This funding will primarily be used for the emergency reconstruction of damaged roads, water conservancy infrastructure, and public service facilities such as schools and hospitals in the disaster area, promoting the rapid restoration of normal production and living order.August 24th - According to a new research report released by Counterpoint Research, the global smartphone market is projected to decline by 14.3% year-on-year in 2026, hampered by factors such as rising component costs, reduced supply of low-priced devices, and declining consumer purchasing power. The global smartphone market is expected to continue facing challenges in 2027, with shipments projected to decline by a further 1.4%, but a strong recovery is expected to begin in 2028, with shipments projected to grow by approximately 4.8%.

Hang Seng Index, ASX200, Nikkei 225: Fed Fear Weighs on Sentiment

Skylar Shaw

Feb 13, 2023 15:51

微信截图_20230213153730.png

Market Snapshot

The Hang Seng Index, ASX 200, and Nikkei 225 all saw a gloomy morning session.


This morning, there were no economic indications to take into account for investors. Investors have to think about central bank monetary policy aims in the absence of statistics.


The US and sub-component data for Michigan Consumer Sentiment indicated a more hawkish Fed policy stance. According to preliminary data, the Michigan Consumer Sentiment Index increased in February from 64.9 to 66.4. Interest was also generated by the sub-components, with the Michigan Inflation Expectations Index rising from 3.9% to 4.2%.


The markets received a warning from Friday's Inflation Expectations Index as investors anticipated the US CPI Report on Tuesday. The Fed's rate-hawks would have the power to raise interest rates over 5% in the event of an unanticipated increase in the US annual inflation rate.


China's annual inflation rate increased last week from 1.8% to 2.1% in January, while the inflation rate in the Euro area decreased from 9.2% to 8.5%. According to the Fed's preferred Core PCE Price Index figures, inflation has moderated but is still much higher than pre-pandemic levels, offering the Fed aggressive justification to raise interest rates over 5%.


The Dow and the S&P 500 had increases of 0.50% and 0.22%, respectively, while the NASDAQ Composite Index dropped by 0.61% on Friday.

Suggestion