Yearly Archives: 2023
Oil Prices Gain On OPEC+ Supply Cuts Extension
Written on September 6, 2023 at 6:09 am, by 王建军
Dollar continues to edge higher, amid rising US Treasury yields. Oil prices surge as investors anticipate OPEC+ might extend its oil supply cut. The Dollar index has surged to its highest level since March, while the Dow Jones index closed lower for the third consecutive session. Several Federal Reserve governors have expressed support for raisingContinue Reading
Caixin Services PMI Shows China’s Economy Is Still Struggling
Written on September 5, 2023 at 6:07 am, by 王建军
China’s equity market dropped, influenced by the decline of Caixin Services PMI reading, underscoring persistent challenges in China’s ongoing economic recovery. Last night, US markets observed Labor Day celebrations, resulting in a subdued environment across asset classes, marked by sideways trading. Conversely, China’s equity market experienced a morning session decline. The catalyst was a CaixinContinue Reading
Strong NFP Bolsters Dollar’s Strength
Written on September 4, 2023 at 6:12 am, by 王建军
Nonfarm Payroll beat expectations, lifting the dollar. China reduced property down payments, boosting its equity markets. The latest Nonfarm Payroll report, released last Friday, exceeded market expectations with 187k jobs added, significantly higher than the previous 157k. This robust job data boosted the dollar by over 0.6%, while equity markets took some time to digestContinue Reading
