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According to NBC News: US President Trump plans to meet with Microsoft co-founder Bill Gates.According to Fox News: US Middle East envoy Witkoff said a meeting on the Gaza issue will be held at the White House on Wednesday.On August 27, UBS reported that Federal Reserve Chairman Powells speech at Jackson Hole was "classic Powell style," signaling a higher probability of a September rate cut to offset the drag of trade tariffs, but lacking guidance on a medium-term policy framework for economies facing structural change. While the market welcomed the hint of a rate cut, the bank believes its core message is essentially "data-dependent rhetoric wrapped in flowery rhetoric." UBS noted that Powells failure to offer a stronger defense of the Feds independence could lead to: ① renewed inflation uncertainty; ② a potential additional full percentage point increase in real borrowing costs; and ③ ripple effects on fiscal policy, business investment, housing affordability, household savings, and speculative activity.According to Japans Asahi Shimbun: Japanese Minister of Economic Revitalization Ryo Akasawa is planning to travel to the United States on August 28.On August 27th, the three major U.S. stock indices closed slightly higher as investors shrugged off Trumps dismissal of a Federal Reserve governor—an action that could now lead to legal action. Peter Cardillo, an analyst at Spartan Capital Securities, said, "We have to wait and see how this unfolds. The market seems to be ignoring Trumps dismissal of Tim Cook. Investors are also closely watching tomorrows earnings report from AI chip giant Nvidia."

Indices Forecast 2023 – Hang Seng Set For A Strong Rebound

Skylar Shaw

Jan 03, 2023 15:47

Chinese equities began to rebound in the last two months of the year following a significant decline brought on by the country's economic slump.


After implementing a tight zero-COVID policy for many years, China has begun to reopen. Although the sudden change in the prior policy has already resulted in records-breaking illnesses, things will probably settle down in the first few months of this year. In this case, the Chinese economy would expand rapidly, which will be positive for Chinese equities.


The primary dangers for Chinese equities in 2023 are still regulatory activities and escalating relations with the United States. Regulations are probably going to be less rigorous this year since China's government is focused on promoting development after the coronavirus outbreak, which should strengthen the Hang Seng index even further.