The
BoJ left its overnight interest rates unchanged at -0.1% and reiterated that it
would resume buying Japanese Government Bonds to keep the 10-year yields around
0%. The bank may allow for more flexible movement on the 10-year bonds,
however, this isn’t considered a significant shift in policy. The BoJ also made
tweaks to its ETF purchases, as it increased the composition of TOPIX-linked
ETFs while shifting slightly away from the Nikkei 225 Index but maintained its
annual pace of ETF buying.
It
seems the Bank of Japan will be the last major central bank to pull the trigger
on tightening policy as the Japanese economy continues to struggle with
stubbornly low inflation levels. This should allow further widening in spreads
between Japan’s bonds and other global bonds towards year-end, suggesting that
the Yen is likely to remain under pressure for the near future.
The
Federal Reserve is next in line to announce policy on Wednesday. That’s why
today’s Core Personal Expenditure figures carry significant importance. If Core
PCE came in at 2% or above, it would reinforce expectations for two more rates
hikes in 2018. Many traders want to know whether President Donald Trump’s
criticism of the Fed will lead to a change in language; I believe there will be
no change in guidance and the Fed will continue sending the message that more
rate hikes are on the way. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
We
also have inflation and Q2 GDP numbers from the Eurozone. Consumer Price Index
figures are expected to rise 2.0% y-o-y in July, remaining unchanged from June.
Meanwhile, GDP growth is expected to see a 0.3% fall from a year ago, towards
2.2%.
In
equity markets, the tech sector continued to weigh on sentiment. Shares of
Facebook, Twitter and Netflix plunged further on Monday, as investors started
to become more worried about their business models after they announced their
latest earnings results. Amazon and Alphabet were also dumped. Meanwhile, all
eyes will shift to Apple earnings today in the hopes of providing some support
for FAANG stocks.
Have you heard this? Many
Nigerian exporters have been defrauded of huge amount of money in the process
of exporting commodities to foreign countries. Do you know why? They were not
trained on export operations, management, documentations and the best methods
of payment in export trade. This is terrible!!! Nigerians cannot continue to
lose money to foreigners in the course of export business. Exporters, why don’t
you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
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