Since 2018 he has been a Video Editor for EL PAÍS. Before him, he spent his first five years in the newspaper’s Sports section. He has a degree in Journalism and Audiovisual Communication from the Carlos III University of Madrid and a Master’s degree in journalism from EL PAÍS.
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The Japanese central bank maintains negative interest rates
written by Alexandra Hartman Editor-in-Chief
2023-12-19 11:42:52
Noha Makram – Live – The Bank of Japan maintained its ultra-loose monetary policy on Tuesday, in a widely expected move, with the bank preferring to wait for more evidence that wages and prices will rise enough to justify a shift away from its massive stimulus policy.
The central bank fixed short-term interest rates at -0.1% and 10-year government bond yields at 0%, and also maintained its pledge to enhance stimulus “without hesitation” if necessary.
The Japanese yen fell and Japanese stocks rose following the Central Bank of Japan’s decision to maintain its accommodative policy.
Moreover, there were no changes to the central bank’s accommodative guidance, dashing some traders’ hopes that the Japanese central bank would change its tone to signal a near end to negative interest rates.
Kazuo Ueda, Governor of the Bank of Japan, said that prices and wages appear to be moving in the right direction, with the labor union and major companies indicating the possibility of continuing to rise in wages next year, but he warned that uncertainty still mars the situation.
Ueda added that the possibility of inflation accelerating towards the target is gradually increasing, explaining that he still needs to ensure that the cycle of rising wages continues.
More than 80% of economists in a Archyde.com poll expected the Japanese Central Bank to end the negative interest rate policy next year, as some consider April to be the most appropriate time to end it, while others see a change in monetary policy in January.
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Nominations:
Global stocks fell amid anticipation of the Japanese central bank meeting
The European Central Bank holds interest rates and lowers its growth expectations
Goldman Sachs adjusts its expectations regarding the US interest rate cut
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#Japanese #central #bank #maintains #negative #interest #rates
2023-12-05 12:06:44
Noha Makram – Live – German 10-year government bond yields fell to their lowest levels in six months on Tuesday, while global stocks settled at their highest levels in four months as traders strengthened their bets on the European Central Bank cutting interest rates in early 2024 and maintained their expectations regarding the US Federal Reserve.
German 10-year bond yields fell by 7 basis points to 2.28%, which is their lowest level since June 2, following Isabel Schnabel, a member of the European Central Bank’s Board of Directors, told Archyde.com that the central bank may give up more… From raising interest following the sudden noticeable decline in inflation.
It is noteworthy that bond yields move inversely with their prices, and government bond prices declined in most developed markets during 2022 and at the beginning of this year with the rapid rise in interest rates.
Traders are almost fully anticipating the ECB to cut interest rates by 25 basis points during the March meeting, and by regarding 150 basis points by the end of 2024.
The euro declined and then recovered, then falling slightly in the latest trading to $1.0829.
Traders also expect US interest rates to be cut by 50 basis points by June. US 10-year bond yields fell by 5 basis points to 4.24%, erasing the previous day’s gain of 6 basis points.
Stock markets fell somewhat today, with the Morgan Stanley World Stock Index falling by 0.17% from its highest levels in four months, yesterday, Monday, when expectations of an interest rate cut boosted stock prices in the United States and Europe.
The Stoxx 600 index stabilized in Europe, while US stock futures on the S&P 500 index fell by 0.25%.
While the Morgan Stanley Index of Asian stocks other than Japan fell by 1.1%, with the Hong Kong Index representing the largest part of the decline, as it fell by 1.9%.
It is worth noting that the Hang Seng Index has fallen by more than 17% since the beginning of the year until now, while global stocks have risen by regarding 15%.
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Nominations:
US stocks fell at the close of trading on Monday
Eurozone inflation slips below expectations to 2.4%
Expectations of a continued slowdown in US inflation in 2024 and a division over interest cuts
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#Global #stocks #stabilize #euro #zone #revenues #decline
Gold prices rose globally at the end of Wednesday’s trading
written by Alexandra Hartman Editor-in-Chief
2023-11-29 19:21:27
Live: Gold prices consolidated their gains, at the close today, Wednesday, with increasing investors’ expectations that the Federal Reserve will end its monetary tightening cycle in the United States.
Upon settlement, gold futures prices for February delivery (the most active) rose by 0.35%, or $6.9, at $2,067.1 per ounce, which is the highest level at the end of the session since the fifteenth of last May, following touching $2,072.7 during trading.
While the dollar index – which measures the performance of the US currency once morest a basket of six major currencies – settled at 102.76 points at 09:43 pm Mecca time, following touching 102.47 points, which is the lowest level since the eleventh of August.
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Nominations
Egypt obtains a loan of $956.6 million from the China Development Bank
Minister of Housing: 1,920 units are being finished in the Jannah project in the Sheikh Zayed City expansions
Suez Canal revenues rise to $9.4 billion during 2022-2023
Minister of Electricity: Egyptian networks are among the strongest in the region… and we have reached 59 thousand megawatts
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#Gold #prices #rose #globally #Wednesdays #trading