The global bond market crash continues, with no clear end to this crash, and with central banks around the world aggressively raising interest rates to counter inflation, bond prices are dropping sharply, with UK five-year bonds falling the most since 1992 After the government put forward a massive tax cut plan. The two-year US Treasury … Read more
An official report issued by the National Statistics Authority of China showed that the volume of investment in fixed assets rose at an average annual rate of 9.4% from 2013 to 2021 to reach 409 trillion yuan, equivalent to 58.5 trillion dollars. China’s investment in fixed assets in 2021 reached 55.3 trillion yuan, compared to … Read more
Economist Mohamed El-Erian called on investors to prepare for a period of worrying volatility, noting that the S&P 500 index may fall back to June’s low levels again. In an interview with CNBC on Friday, September 23, El-Erian said: “I think there is value in some attractive individual stocks, but economic factors cannot be avoided … Read more
September 24 coincided with the second anniversary of Hu Bing’s live broadcast. In addition to the well-planned grand celebration, Hu Bing also carefully designed a variety of activities and benefits to give back to fans. This is also the first time that Hu Bing has “opened” outdoors by the West Lake in Hangzhou. He hopes … Read more
A fire broke out in the warehouse of a large wholesale market in the commune of Rungis near Paris. The market supplies the French capital and the surrounding region with a significant portion of fresh produce, AP reports. The smoke from the fire was visible several kilometers away. There were no reports of casualties and … Read more
Sub-sanctioned banks will receive from the Central Bank an installment plan to create reserves for blocked assets for ten years. The regulator is also ready to provide the market participant with a grace period for increased capital adequacy requirements. The installment plan will make it possible to sell non-cash-generating assets, experts say. Lowering the requirements … Read more
Bank of America expects oil to average $100 a barrel in 2023 as demand recovers in China and Russian crude exits the market. Strict coronavirus lockdowns imposed by Beijing have curbed oil use in the world’s second-largest economy over the course of this year, but analysts expect restrictions to be eased as 2023 approaches. So … Read more
Let’s go back to the numbers. The US dollar index is up 15% in 2022, offset by a -8.7% decline in gold so far. If we assume that the dollar’s strength still has momentum to 116 points (a very important resistance that it reached in 2000), this means a decline in gold by about 3%, … Read more