Morgan Stanley said the US non-farm payrolls report should reduce the likelihood of a near-term rate cut by the Federal Reserve. With the inflation outlook more favorable, a rate cut in March remains more likely.
Morgan Stanley said the US non-farm payrolls report should reduce the likelihood of a near-term rate cut by the Federal Reserve.
The November CPI released overnight helped gold break through the recent shock range, but the fall in today's opening seems to indicate that gold may return to the shock range.
On November 14th, the Shanghai Gold Exchange said that the price of precious metals has continued to fluctuate sharply recently. All member units are requested to continue to make detailed risk emergency plans, maintain the smooth operation of the market, and remind investors to do a good job in risk prevention, reasonably control positions, and invest rationally.
Goldman Sachs does not expect the Fed to give much guidance on plans for its next meeting. Possible post-election changes in fiscal policy are another source of risk to the Fed's policy path, although that risk is likely to persist for longer. Mr. Powell's comments at his July press conference suggest the FOMC will be reluctant to respond to possible policy changes because they remain speculative. Even after the election results are announced, the committee is likely to be more...
Bank of Canada Governor Michael McCollum said that we are starting to see some of the impact of the recent rate cuts.
Reserve Bank of Australia President Brock said it is too early to consider a rate cut, and there are no conditions for a rate cut in the near future.
After the US CPI data was good, traders chose to withdraw from the tech giants that have performed strongly recently. The heavyweight Nvidia closed down 5.57%, Tesla fell 8.44%, Meta fell more than 4%, and Apple, Microsoft, Google and Amazon each fell more than 2%. In contrast, the Russell 2000 index, which is dominated by small-cap stocks, closed up more than 3.5%. The market value of the "seven giants" evaporated nearly 600 billion US dollars (about 4.35 trillion yuan) in a single day, which i...