Global Market – Key events for 5th to 9th February 2024
This week we will focus on China’s economy, how Powell ‘s interview to “60 Minutes” and also discuss BOJ shift in policy change from negative interest rate. This week has been relatively quite and focus has been on corporate earnings.
China’s Consumer Prices Drop at Fastest Pace Since 2009
China’s consumer prices fell last month at the fastest pace since the global financial crisis as the world’s second-largest economy struggles to shake off persistent deflation pressures.
Germany’s Industrial Downturn Stretches into A Seventh Month
German industrial output extended its slump to a seventh month in December, underlining the struggles gripping Europe’s largest economy.
China Tightens Some Trading Restrictions for Domestic and Offshore Investors
China is tightening trading restrictions on domestic institutional investors as well as some offshore units as authorities fight to stem a deepening stock rout, according to people familiar with the matter.
Powell Tells ‘60 Minutes’ Fed Is Wary of Cutting Rates Too Soon
Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%.
Trillions Of Yen Pile Up at Negative Rates in Bets on BOJ Shift
Japan’s biggest commercial banks are letting money accumulate in negative interest-rate accounts at the central bank — another sign that the world’s last sub-zero rate policy is coming close to the end.
Equichain Wealth Advisors: Market View & Opinion
In last few weeks in our coverage of global market, we have been focusing mainly on three countries and their central banks. U.S., Japan & China.
We would like to highlight that market is optimistic and currently trading near its high as interest rate going down in US could be positive for risk-on sentiment, China’s effort to boost economy is also positive but the real concern in BOJ moving away from negative interest rate policy.