The US goods trade deficit widened more than expected in March, according to Goldman Sachs' latest research report. Goods imports and exports both grew in March. The widening trade deficit was mainly due to higher imports of consumer goods, which may reflect the "rush" of imports ahead of the tariff hike. Details of the leading economic indicators report show that import growth was significantly stronger than our previous GDP tracking assumptions, but export growth was modestly stronger and inve...
Hong Kong stocks telecommunications equipment sector rose sharply, China Unicom (00762.HK), China Mobile (600941.SH) rose more than 2%, China Telecom (00728.HK) rose 1.18%.
The non-farm payrolls in the United States recorded 143,000 after the January quarterly adjustment, which was significantly lower than the 170,000 level expected by the market and the lowest level since October last year. The unemployment rate in January recorded 4.0%, the lowest since May last year, and the market expectation was 4.1% unchanged.
Inflation will slow significantly this year, allowing the Federal Reserve to keep cutting interest rates, according to former St. Louis Fed President Brad. Brad said it looks like the Fed is on track to cut rates two more times this year, by 25 basis points each. Fed officials were expecting two rate cuts in December. "I don't really see anything stopping them from doing that," he said. However, Brad said another rate cut in March appears premature. He said: "From what's going on...
Bitcoin futures unpositioned squaring contracts have risen sharply since Trump's election victory on November 5. Data show that bitcoin futures unpositioned squaring contracts have risen from $39 billion on November 5 to the current $60.90 billion, indicating increased trading activity and market speculation. Bitfinex analysts said the increase in unpositioned squaring contracts appears to be a natural increase, driven by expectations of future price appreciation. Leverage accumulation is a comm...
Federal Reserve Chairperson Jerome Powell said the overall economy is performing strongly, high inflation has eased significantly, and the labor market remains solid.
Fed Schmid said interest rates are likely to be significantly higher than they were before the COVID-19 pandemic; called for a prudent, gradual and prudent rate-cutting strategy; individuals prefer to avoid sharp rate cuts; "reasonably believe" that inflation will fall to 2 percent; and see the labor market normalizing, not worsening.
Federal Reserve Logan: Seeing a significant risk that inflation could persist above 2%, there are still "significant uncertainties" in the economic outlook.
The latest report from QCP Capital states that BTC price has rebounded strongly since last week's sharp market correction, but is still struggling to stay above the $60,000 level. The BTC put skew has recovered significantly from -25% during the panic to -5% before the wash, but the market remains cautious in the short term, expecting the BTC put skew to persist until September. In two major pullbacks in April and June this year, BTC recovered to above 70k in less than a month. With Blackrock co...
U.S. Treasury Secretary Janet Yellen on Thursday praised President Joe Biden for achieving a "remarkable economic recovery" and said second-quarter GDP and inflation data confirmed the country was on a path of "steady growth and lower inflation". Yellen said Biden had restored America's place in the world. This is the first time since Biden ended his campaign and endorsed Vice President Harris as his successor.