Monthly Archives: July 2024
Fed Rate Cut Locked In? All Eyes on PCE!
Written on July 19, 2024 at 2:59 am, by 王建军
Wednesday, 24 July 2024, 15:45 – US Manufacturing PMI (Jul) The latest S&P Global US Manufacturing PMI for June 2024 has been revised to 51.6, slightly lower than the expectation of 51.7 but up from 51.3 in May. This indicates an improvement in manufacturing business conditions for the second consecutive month, driven by increased newContinue Reading
Dollar Dip on Dovish Fed’s Beige Book
Written on July 18, 2024 at 5:17 am, by 王建军
Market Summary The dollar continues to tumble, trading at its lowest level since April, below the $104 mark. The U.S. Beige Book suggests economic growth has moderated and inflation shows signs of easing, strengthening the likelihood of a September rate cut. Improved risk appetite in the market propelled the Dow Jones up nearly 300 pointsContinue Reading
Wall Street Rallies On Powell’s Dovish Tone
Written on July 17, 2024 at 5:05 am, by 王建军
Market Summary The U.S. equity market continued its rally in yesterday’s session, with the Dow Jones approaching its all-time high near the 41,000 mark. The Russell 2000 (US2000) small-cap index surged more than 10% since last Thursday, suggesting that strategists have been rotating their exposure to small-cap counters, which are more sensitive to interest rateContinue Reading
