Yen Big Short Expects Dramatic U-Turn in 2023 – Bloomberg
The yen is the worst performing major global currency, but is likely to make a dramatic U-turn in 2023. Some investors see the twin forces behind the yen’s depreciation, the hawkish Federal Reserve and Japan’s dovish bank, turns the tables. The yen, which has been favored as a short currency against the dollar for much […]
US November Jobs Report ‘Bad at a Bad Time’: Market Views – Bloomberg
The November jobs report showed faster wage growth, better-than-expected job growth, and an economy weak enough to justify slowing future rate hikes by the Fed. It was a disappointment to the market. “The problem is that hourly wage growth is on average twice what the market expects,” said Bryce Doty, senior vice president at Sit […]
Yen depreciates, dollar temporarily in high 135 range – US employment data pressures Fed to raise rates – Bloomberg
The yen fell in the New York foreign exchange market on the morning of the 2nd. US Treasury yields and the dollar rose after the release of the US jobs report in November. Wage growth accelerated and employment growth beat market expectations, keeping pressure on the Fed to raise interest rates, according to the jobs […]
Rats are rampant in New York, the government is recruiting a “rodent extermination manager” with a high salary_Zhang Ni_Year Salary_Jobs
Original title: Rat plague in New York, USA Government recruits high-paid “rodent extermination manager” Rats on the streets of New York, USA. Foreign Network, December 2nd According to reports from CBS and other media on December 1, New York City in the United States has been plagued by a plague of rats. In order to […]
China May Move to More Realistic Approach to Covid-19, Politburo Focus Meeting – Bloomberg
The Chinese Communist Party leadership is likely to take a more pragmatic approach to dealing with the new coronavirus. Twenty-four new members of the Politburo were elected after the party convention in October. The Politburo generally holds a meeting in early December to set broad guidelines for economic policy for the coming year, with decisions […]
US PCE Core Price Index Unexpected Month-on-Month Growth as Spending Accelerates – Bloomberg
The core US personal consumption expenditure (PCE) price index fell short of market expectations in October, posting the second slowest growth of the year. Growth in personal consumption expenditure accelerated. The move raised hopes that the Fed could keep inflation under control without triggering a recession, even as it continues to raise interest rates. Key […]
Household debt, the highest level ever… The income gap between the upper and lower classes is about 6 times
They found that household assets and income in Korea have increased significantly over the past year. This is a result of reflecting the growth of asset markets such as finance and real estate due to Corona 19. However, the debt was also close to a record high of 100 million won. The National Statistical Office, […]
US Markets: Stocks Rally, Powell’s Speech Buys Broad Range of Stocks – Bloomberg
The US stock market on the 30th rebounded sharply.A wide range of stocks were bought after Fed Chairman Jerome Powell’s speech. Powell suggested that the pace of monetary tightening was likely to slow as early as December, but emphasized the need for a further increase in interest rates to keep inflation under control. stock closing […]
China declares ‘new phase’ of coronavirus measures – Omicron pathogenicity weak – Bloomberg
China’s coronavirus response is entering a new phase, said Sun Chunlan, the vice premier in charge of the government’s coronavirus policy. It has been shown once again that the Chinese government may be trying to review its strategy. Vice Premier Sun held a meeting with the National Health Commission and experts in Beijing on the […]
US Jobs Fall, Suggest Weak Labor Market, Positive Signs for Fed – Bloomberg
US job openings fell in October from the previous month, further suggesting a cooling labor market. It bodes well for the Fed, which is trying to curb demand across the economy. US Private Employment Grows at Lowest in Nearly Two Years; Wage Growth Slows – ADP (1) Key Point There was a decrease of 353,000 […]
