Monthly Archives: September 2024
Yen Strengthens After Ishiba Wins Leadership Vote
Written on September 30, 2024 at 5:56 am, by pumarketings
Market Summary The financial markets were shaken by the unexpected victory in the Japan’s ruling party’s leadership race, which is set to replace the current Prime Minister of Japan. The win by Shigeru Ishiba, seen as favouring a more hawkish stance on monetary policy, led to a significant strengthening of the Japanese Yen, as hisContinue Reading
China Rate Cut Spurs Equity Market to Rally
Written on September 27, 2024 at 5:47 am, by pumarketings
Market Summary The Chinese equity market has emerged as the standout asset class in the financial world, with the China A50 index posting its largest weekly gain in a decade and the Hang Seng Index (HK50) rising by over 12% this week. The market rally has been driven by ongoing economic stimulus measures from theContinue Reading
Larger Fed Cut Looms? Key Data Next Week In Sight
Written on September 27, 2024 at 2:06 am, by pumarketings
Monday, 30 September 2024, 08:00 – UK GDP (QoQ) (Q2) The latest UK GDP data released in August 2024 showed a growth of 0.6% quarter-on-quarter (QoQ) for Q2 2024 in its preliminary reading. The reading was in line market expectation but slightly lower the previous reading of 0.7%. The British economy has recorded slight butContinue Reading
