MARKET MOVERS Wendy Le Australian CPI q/q – 29 July 11:30am Australian CPI is forecasted to decrease from 0.3% to -2.0%. This potential decline in inflation could be attributed to the spike in COVID-19 cases in Victoria and NSW. This indicates a movement away from the RBA’s target inflation rate of 2-3% meaning that in … Read more
MARKET MOVERS Paul Huang Fed Budget Deficit Expansion US treasury reported on 13 July that the budget deficit has reached an all-time high of $864 billion in June, primarily due to stimulus programs for small businesses. Current fiscal and monetary policies coupled with COVID-19 cases continuing to surge may indicate weakness in the dollar. China exceeds GDP … Read more
MARKET MOVERS Samuel Soo Coronavirus cases continue to surge in the U.S. The U.S. passed 3 million confirmed cases of coronavirus, representing a quarter of all cases worldwide High record of COVID cases in the US has exacerbated fears of a second wave, making investors less certain about a swift economic recovery that was suggested … Read more
MARKET MOVERS Paul Huang US-China tensions China has imposed a new security law for Hongkong which allows Beijing to override the Hong Kong judicial system. In response to China’s imposition of new security law, the US house of representatives has passed a bill that penalizes banks for conducting business with Chinese officials associated with the … Read more
