Insights
As market exuberance from last week's election gradually subsided, trading activity has returned to focus on fundamentals. This shift led to volatility across various equity sectors, ultimately causing the S&P 500 index to decline by 1.32%, closing at 5,870.62 points. In the bond market, stro...
Insights
With the end of the U.S. presidential election last week, diminishing uncertainty boosted equity markets, leading to a strong 4.66% rally in the S&P 500 Index, reaching 5,995.5 points. In the bond market, the victory of Donald Trump and robust economic data drove the 10-year U.S. Treasury yie...
Insights
The People’s Bank of China (PBoC) announced on October 21 a reduction of both the 1-year and 5-year Loan Prime Rates (LPR) by 25 basis points each, bringing them to 3.1% and 3.6%, respectively. Read more at Datatrack In mid-September, the PBoC launched a series of large-scale monetar...
Insights
China’s monthly economic data in September showed signs of improvement, according to China’s National Bureau of Statistics on October 18. In terms of consumption, retail sales grew by 3.2% year-over-year in September, up by 1.1 percentage points from the previous month and exceeding market e...
Insights
According to data released by the U.S. Census Bureau on October 17, U.S. retail sales remained strong in September. Retail sales increased by 0.4% month-over-month, exceeding both the previous month’s 0.1% growth and the market expectation of 0.3%. Breaking down the details, 10 out of 13 major ...