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Korean chip stocks were led by Hanmi Semiconductor, with its share price falling 4.4% to 116,100 won.December 4th - According to Reuters, three Japanese government sources said the Bank of Japan (BOJ) is likely to raise interest rates in December, and the government is expected to tolerate this decision. The sources said the BOJ appears prepared to raise its policy rate from 0.5% to 0.75%, a signal echoed by Governor Kazuo Ueda in his speech on Monday. This would be the first rate hike since January. One source said, "If the BOJ wants to raise rates this month, let them decide. Thats the governments position." He added that a rate hike this month is almost certain. Ueda stated on Monday that the BOJ would consider the "pros and cons" of a rate hike this month, indicating a high probability of a rate increase at its December 18-19 meeting. These comments have led the market to price in an approximately 80% probability of a December rate hike, although some market participants are watching how the dovish government of Prime Minister Sanae Takaichi might react. Market focus may shift to the BOJs wording regarding the ultimate extent to which it will raise rates, a topic on which Ueda remains ambiguous.December 4th - Hong Kong Investment Corporation (HKIC) released its 2024 annual report today, showing that as of June 30, 2025, every HK$1 invested by HKIC has attracted over HK$6 in long-term market capital. In the past two years, two of its portfolio companies have already listed in Hong Kong, and more than ten others submitted listing applications earlier this year. Among these companies, five were already unicorns before their IPOs, forming a "tiered reservoir" and achieving a virtuous cycle. HKIC CEO Chen Jiaqi stated that in 2025, the company will further deepen its involvement and progress, including leading new investment rounds, to help these companies seize market opportunities and "go global."Sources say the Bank of Japan is likely to raise interest rates in December, and the Japanese government is likely to tolerate it.Euro Stoxx 50 futures rose 0.56%, German DAX futures rose 0.52%, and UK FTSE 100 futures rose 0.33%.

0.8450 is being reached by EUR/GBP as the prospect of a UK recession looms

Daniel Rogers

Aug 05, 2022 14:46

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Following a huge upward rise from 0.8360 on Thursday, the EUR/GBP pair has subsequently turned sideways around 0.8430 in the Tokyo session. After the Bank of England (BOE) hiked interest rates by 50 basis points, the cross displayed a significant upward rise (bps) (bps). The BOE lifted interest rates by 50 basis points in succession, bringing them to 1.75 percent.

 

The investing community is aware that UK household earnings have been unsteady during the preceding few months. In addition, the economy's inflation rate is fast expanding. The inflation rate was 9.4 percent prior. The recent statement by BOE Governor Andrew Bailey that price increases might exceed 13 percent has sent shockwaves across the market.

 

The runaway inflation is now escalating, leaving the BOE with very little flexibility to tighten its monetary policy. The BOE is in poor shape as a result of the dismal economic data and the continuing political upheaval following the departure of UK Prime Minister Boris Johnson. A recession in the UK economy is extremely probable in the case that the inflation rate is close to 13 percent.

 

German manufacturing order numbers for the Eurozone have decreased by 0.4 percent against an anticipated 0.8 percent decline and a prior monthly contraction of 0.2 percent. Falling orders from factories indicate sluggish demand in Germany as a whole. It is vital to remember that Germany is a key element of the European Union (EU), and that economic data from Germany has a huge effect on people who favor the common currency.


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