Thursday, 2 August 2018

BANK OF JAPAN UNWILLING TO SHIFT GEARS YET

After weeks of speculation that the Bank of Japan may begin to adjust its stimulus program, the central bank once again decided not to join the global trend towards tighter policies. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

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:

Hmmm!!! Folks, have you ever imagined how the financial status of your firm will be when more than 20,000 CEOs and other key decision makers of blue-chip corporations pay for your products and services or even give you very juicy deals. The link below will tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html