https://www.youtube.com/watch?v=K_xrJu281WY [속보] 2024년, 취약계층 지원금 깎인다고? 생계급여, 기초연금 104만원.. 둘 다 받으면.. 이만큼 손해 볼 수도!!]#3.1경제독립tv 나에게 힘이되는 "돈되는 복지정보"!! 최신 "재테크 소식"을 가장 빠르고, 정확하게 받고 싶다면 3.1경제독립tv" "좋아요", "구독", "알림설정"...
People’s Bank of China to cut FX RRR from 6% to 4% from September 15
People's Bank of China said it will cut the amount of foreign exchange reserves that financial institutions must hold, a move seen as aimed at slowing the yuan's recent depreciation.PBoC to lower its FX Reserve Requirement Ratio by 200 basis points (bps) to 4% from...
UBS forecasts the S&P 500 to 5200 if AI proves to be a game changer (& 2 other factors)
Equity analysts at UBS have raised their June 2024 price forecasts for the S&P 500 benchmark index to 4700 citing an expectation that earnings growth will gather pace in 2024:expects S&P 500 EPS of $220 (0% YoY, +4% YoY ex-energy) for 2023 and $240 (+9% YoY)...
Japan Jibun final August PMI: Manufacturing 49.6 (prior 49.6)
Japan S&P Global / Jibun Bank final Manufacturing PMI for August 2023.Flash reading here:Published at the same time were the data for South Korea's August Manufacturing PMI, also in contraction at 48.9, from 49.4 in July.---USD/JPY is up 20 odd points during...
Forecast for the European Central Bank to pause hiking in September
European Central Bank minutes were published Thursday:Nordea's assessment remains that the Bank has finished hiking rates;The monetary policy account from the ECB’s July meeting did not offer much guidance on what the ECB would do at its September meeting"The activity...
PBOC is expected to set the USD/CNY reference rate at 7.2967 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
South Korea August exports dropped 8.4% y/y, imports down also
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Further rate cuts in China – Bank of China cuts yuan deposit rates
Central Banks <!--> --> <!--> --> <!--> Banks in China are cutting rates, this from earlier:More from China overnight: ADVERTISEMENT - CONTINUE READING BELOW --> Tags <!--> ADVERTISEMENT - CONTINUE READING BELOW --> Most Popular...
Japan data: Q2 Corporate Capital spending +4.5% y/y (vs. expected +5.4%)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Goldman Sachs now expect only a 20% chance of a US recession in the next 12 months
Goldman Sachs preface their expectation with "We see a below-consensus" ...GS have been consistently below consensus with this expectation. We see a below-consensus 20% probability of entering a recession over the next year as we think taming inflation will not...
Australia Manufacturing PMI final for August: 49.6 (prior 49.6) & strongest since February
The preliminary for the Judo Bank / S&P Global Manufacturing PMI can be found here:From the report today: “The PMI index, which incorporates a range of sub-indexes to capture the cyclical position of the manufacturing sector was unchanged at 49.6 in August, the...
The Hong Kong exchange opening has been delayed due to approaching super typhoon
We had the heads up on this likelihood of this yesterday:From HK:Hong Kong Exchanges and Clearing Limted (HKEX) announces that morning trading in its securities market today (Friday), including Stock Connect Northbound trading and derivatives market, has been delayed...
JP Morgan revise their Q3 US real GDP forecast to 3.5% (from 2.5%)
JP Morgan have lifted their economic growth projection based on a 'strong start for consumer'. Citing (in summary):The main details of the July personal income and spending report came out pretty close to our expectations. Real consumption jumped 0.6% in July, nominal...
New Zealand data – August consumer confidence 85.0 (vs. prior 83.7)
The latest from the ANZ-Roy Morgan Consumer Confidence Index, for August 2023.Up 1.6% m/m to 85.0 and still deeply pessimisticJuly was -2.1% to 83.7ANZ note two key points:Consumer confidence rose 1 point in August to 85.0, with the lift driven by an increase in the...
New Zealand’s main opposition party wants to quickly remove the RBNZ’s dual mandate
Nicola Willis is the finance spokesperson for New Zealand's main opposition party. Willis spoke in an interview with Bloomberg TV and said that if her party won power it'd quickly remove the employment mandate from the Reserve Bank of New Zealand, leaving only the...
Goldman Sachs says new China property buying rules could give a ‘modest’ growth impulse
The People's Bank of China announced the lowering of existing mortgage interest rates for first-time homebuyers as well as the downpayment ratio in some cities. Info on this is here:Separate to that from the PBOC two more major cities in China said they would allow...
China to cut home-buyers’ minimum down payment, and mortgage rates
A joint statement from the People's Bank of China and National Administration of Financial Regulation on Thursday China time that homebuyers' minimum down payment will be reduced and banks will be allowed to lower rates on existing mortgages.first-time homebuyers'...
Forexlive Americas FX news wrap: US dollar backs off ahead of non-farm payrolls, oil jumps
Markets:WTI crude up $1.95 to $83.58US 10-year yields down 0.1 bps to 4.11%Gold down $3 to $1939S&P 500 down 0.1%JPY leads, EUR lagsComing into the session, eyes were on the euro after the ECB's Schnabel highlighted the slowing eurozone economy. Those comments...
ICYMI – China’s Industrial Bank cuts yuan deposit rates
Thursday evening news from China:China's Industrial Bank says it'll cut its yuan deposit rates by 10-25 basis points, effective from Friday, 1 September 2023.one-year deposit rate will be cut by 10 bps to 1.75%two-year deposit rate will be cut by 20 bps to 2.00%three-...
ICYMI: China’s State Council announced an income tax reduction aimed at consumption boost
Chinese state media, Xinhua, had the news that the State Council issued a statement that China will further reduce individual income tax for those who have children to raise or elderly to support.the measure includes higher additional deductions for individual income...