Today’s Trade Outlook
RBA interest rate decision
Fed officials speak: New York Fed President John Williams, Kansas Fed President Esther George, Cleveland Fed President Loretta Mester
US Durable Goods Orders, Factory Orders, Job Openings JOLTs in August
The US plans to announce a ban on the sale of high-end AI chips to China this week
A number of foreign media reported on Monday (3rd) that the US Department of Commerce is expected to issue a series of new regulations this week to expand controls on the export of US semiconductor technology to China, in an attempt to prevent China from obtaining products and used in supercomputers and semiconductors Data center chips. Read the full article…
Federal Reserve Bank of New York President: The road to tightening interest rates is still long before reaching restrictive levels
New York Fed President John Williams said on Monday (3rd) that core inflation pressures remain high even if there are first signs of a cooling in inflation, and the Federal Reserve has not raised interest rates to a restrictive level , there is still a long way to go in the future. Read the full article…
Moody’s: European and US corporate debt default rate may exceed 6% next year
According to a Bloomberg report on Monday (3rd), Moody’s Investors Service, an international credit rating agency, said the proportion of companies that cannot repay their debts on time could more than double next year due to a liquidity crunch and deteriorating trading . environment. Read full text…
A sharp drop in consumer demand, sea freight orders are no longer hot
US financial media CNBC reported on Monday (3rd) that logistics executives said the sharp drop in consumer demand was reflected in ocean freight, with orders for ocean freight falling 20% in September and October, with the drop in demand including a lot. products, including machinery, housing, Industry and Clothing. Logistics executives also pointed to the fact that this was due to excess inventory and unclear consumer demand. Read the full article…