About: lishitong
Recent Posts by lishitong
Euro Surges on Upward German Growth Forecast, ECB Hawkish Tone
The euro has received a boost from a combination of hawkish guidance from the ECB and positive economic data in the region The Euro stole the spotlight as it surged to a record high following Germany’s upward revision of its economic growth forecast for 2023. The move is reinforced by positive indicators, including increased industrialContinue Reading
Overall Equities Markets Down Despite Positive Earnings Season
Markets are risk-off due to fear of contagion from First Republic Bank’s imminent collapse Earnings season is ramping up, with results have been much better than market’s expectations. Tech stocks are leading with a 0.64% increase in the Nasdaq on Wednesday. Meta shares shot up 12% after the company posted an earnings beat of $2.20Continue Reading
First Republic Bank’s Deposit Plunge Sparks Risk-Off
A probable bank run and a far lower-than-expected drop in deposits have prompted market participants to turn to safe havens First Republic Bank’s disappointing first-quarter results with a significant plunge in deposit levels, had raised concerns about the bank’s financial health. This triggered a risk-off sentiment, driving the CBOE Volatility Index to new highs whileContinue Reading
Dollar Slips Ahead of Fed’s Monetary Policy Decision
With a 25-point hike already priced in for the dollar, investors have turned to the ECB’s hawkish outlook to price the euro The US Dollar slipped to a one-week low as investors pondered the Federal Reserve’s monetary policy ahead of next week’s meeting, where a rate hike is expected. Uncertainty lingers, with pivotal events likeContinue Reading
China’s economy grew at the fastest pace in Q1, reaching 4.5%
The economic resilience of the world’s second-largest economy will be headwind for oil prices China’s Q1 GDP grew by 4.5%, exceeding expectations of a 4.0% expansion and marking the fastest pace of growth since Q1 2022. On a quarter-by-quarter basis, the GDP grew by 2.2% in Q1, compared to a revised 0.6% rise in theContinue Reading
