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JPMorgan Beats Profit Expectations, Bank Sees "Resilient" US Economy

On Friday, JPMorgan Chase reported a decline in profits due to rising costs, but still exceeded expectations. The bank's executives stated that the U.S. consumer is in good shape, ...

Jun 01, 2024

Dow Plunges 1,400 Points, US Bond Yields Surge, Dollar Hits 20-Year High

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Dow Plunges 1,400 Points, US Bond Yields Surge, Dollar Hits 20-Year High

U.S. stocks closed sharply lower on Thursday local time. Panic selling emerged, with all three major stock indices giving up the gains from the previous trading day, with the Dow J...

May 29, 2024

Foreign Exchange Reserve Ratio Cut: Impact on Stock Market

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Foreign Exchange Reserve Ratio Cut: Impact on Stock Market

On April 25, the People's Bank of China's website announced: In order to enhance the ability of financial institutions to utilize foreign exchange funds, the People's Bank of China...

May 25, 2024

Fed Officials Divided on Rate Cuts Amid Market Optimism for US Economy

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Fed Officials Divided on Rate Cuts Amid Market Optimism for US Economy

The Federal Reserve announced the minutes of its September interest rate meeting on Wednesday local time, where officials were divided on the decision to cut rates by 50 basis poin...

May 22, 2024

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"Sharp Yen Devaluation"

On April 15th, the onshore Chinese Yuan (CNY) against the Japanese Yen (JPY) has risen to a new high of 19.86 since the Yuan exchange rate reform in 2015, and it is very likely to ...

May 21, 2024

10-Year US Treasury Yield Hits 2.80%: End of Bond Bull Market?

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10-Year US Treasury Yield Hits 2.80%: End of Bond Bull Market?

On Monday (April 12th), U.S. Treasury yields surged, with the prospect of the Federal Reserve accelerating policy tightening and inflation concerns driving further selling of U.S. ...

May 20, 2024