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News

News

PBoC: Downward pressure on the economy keeps increasing

  • Will step up counter-cyclical adjustment for the economy
  • Will continue to push real lending rates lower
  • Will promote capital replenishment for banks to increase lending capability

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14:16 02.07.2020
S&P 500: Potential to soar 12% through June 2021 - Morgan Stanley
FXStreet reports that Morgan Stanley strategists believe a new cycle has started and a recovery could be more normal than investors expect, therefore, there is room for the S&P 500 to rise 12% through June 2021.“Morgan Stanley strategists have increased their base-case equity targets across the board with a forecast of 12% upside for the S&P 500 through June 2021, and 10% returns for the MSCI Europe. In Japan, the Topix could decline just 2% over the next 12 months, while the MSCI
13:55 02.07.2020
USD/JPY: Upside momentum gathers extra pace - UOB
USD/JPY: Upside momentum gathers extra pace - UOBFXStreet reports that FX Strategists at UOB Group noted that USD/JPY could edge higher and re-visit the 108.40 region in the next weeks.24-hour view: “The rapid decline in USD after touching a high of 108.16 came as a surprise (USD dropped sharply to a low of 107.35). The decline appears to be running ahead of itself and further weakness in USD is unlikely. USD is more likely to consolidate and trade sideways at these lower levels, expected to be
13:36 02.07.2020
Oil: Subdued demand recavoery to limit the uptrend - ANZ
FXStreet reports that WTI is up 0.50% on Thursday as crude oil prices held early gains after inventories in the US fell more than expected. Nonetheless, signs of the demand recovery slowing down will limit the upside, according to strategists at ANZ Bank.“EIA data showed stockpiles in the US were down 7.2mbbl last week, the biggest retreat since December. At Cushing, WTI’s main storage/pricing hub, stockpiles were down for the eighth consecutive week. However, it wasn’t all good news, with
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