About: lishitong
Recent Posts by lishitong
Positive Talks Between Blinken And Xi Spur Hope For Equities
Additionally, China has announced its first reduction in the benchmark lending rate in 10 months, a move that could provide support for oil prices. Last night, the U.S. Secretary of State met with the Chinese President and expressed satisfaction with the accomplishments of their trip. This positive development in bilateral relations has the potential toContinue Reading
Blinken Potentially Meeting President Xi
Improved relationships between the US and China could potentially lead to the equities markets surging Equities in the U.S. contracted last Friday after a bullish run in the past week with Nasdaq up by more than 3%. Notably, U.S. Secretary of State Anthony Blinken’s visit to China, including meetings with top diplomats and a potentialContinue Reading
Dollar Surrenders After Rate Pause Decision
Following the Federal Reserve’s decision to maintain the interest rate unchanged, equity markets responded positively, leading to upward movements, while the U.S. dollar experienced a significant decline of nearly 1% last night. On the other hand, Asian equities continue to gain, helped by the expectation of more stimulus from China. On top of that, oilContinue Reading
Market Expected To Calm As Holidays Approach
The Week Ahead: Week Of 19 June (GMT+3) Monday, 19 June, All Day – US Juneteenth During the upcoming US holiday, the market is expected to be relatively calm, and it may be a suitable time for investors to take a break. Wednesday, 21 June, 9:00 – UK CPI (YoY) (May) In April, the ConsumerContinue Reading
Hawkish Tone From The Fed After Rate Pause
While the Fed has paused rates at their June FOMC meeting, their hawkish tone has caused the dollar to rise The Federal Reserve kept the interest rate unchanged at 5.25%, in line with market expectations, as U.S. inflation showed signs of moderating. Despite a rate pause, the dollar quickly erased its losses as Jerome Powell,Continue Reading
