Real-time Financial News

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2024-11-08 Friday
  • 21:57:45

    Polish Central Bank Governor Glapinski: Real interest rates are rising.

  • 21:54:21

    The actual trading volume of COMEX gold futures shows that in the past hour, long and short orders were unbalanced in this range. Please refer to "Database-COMEX Gold Futures Actual Trading Volume" for details.

  • 21:49:02

    Polish Central Bank Governor Glapinski: There has been no discussion of interest rate cuts.

  • 21:42:26

    UN Secretary-General Guterres: In recent months, NATO has expelled suspected Russian personnel from NATO headquarters.

  • 21:33:28

    [Economist: The Fed will not cut interest rates this year] Torsten Slok, chief economist at Apollo Asset Management, sticks to his view that the Fed will not cut interest rates this year. He said that the advantage of a strong economy comes from a loose financial environment. In the past five months, the stock market has risen by $10 trillion, which is a huge wealth increase for household balance sheets. Credit spreads on investment-grade, high-yield bonds and loans have tightened. The issuance of investment-grade and high-yield bonds rebounded sharply in January, February and March. IPO activity is returning, and so is M&A activity. These factors will support consumer spending, capital expenditures and hiring in the coming quarters. Therefore, we stick to our view that the Fed will not cut interest rates this year.

  • 21:30:27

    [Non-farm payrolls surged by 303,000, and U.S. stock indexes opened higher against the trend] At the opening of the U.S. stock market, the Dow Jones Industrial Average rose 0.18%, the S&P 500 rose 0.26%, and the Nasdaq rose 0.29%. Large technology stocks generally rose, with Meta Platforms (META.O) up 1.08%, Nvidia (NVDA.O) up 1.18%, and Microsoft (MSFT.O) up 0.33%.

  • 21:27:14

    [Analyst: It is difficult to prove that the Fed needs to cut interest rates now] Analyst Jersey said that some people in the market believe that economic growth does not prevent the Fed from cutting interest rates, and I agree with this view. But considering the speed of economic growth, if the Fed really relies on data, it is difficult to prove the need to cut interest rates now. Of course, there will still be forecasts of economic slowdown in the second half of the year, which may provide an excuse for the Fed to cut interest rates. But in my opinion, the current economic momentum has not slowed down enough to justify taking dovish actions.

  • 21:27:06

    [The non-farm report is generally surprising, but the specific situation is not entirely optimistic] Institutions commented on the US non-farm data in March. The main data in the report were generally surprising. Recruitment, total employment, participation rate and weekly income all exceeded expectations. This increases the possibility that the Federal Reserve will remain patient in fighting inflation and further postpone the first interest rate cut. However, the specific situation is not all so optimistic. Recruitment is concentrated in non-cyclical industries, and unemployment rates in some industries are also rising. The prolonged unemployment in March reflects a skill mismatch that even the patient Federal Reserve cannot solve. Those with high-demand skills continue to work, especially in non-cyclical industries, or industries that benefit from spending by wealthy households, but others may be left behind.

  • 21:26:31

    Acting U.S. Labor Secretary Julie Su: Keep a close eye on the unemployment rate.

  • 21:23:23

    Acting U.S. Labor Secretary Julie Suh: Employment is good for all workers, including immigrants.

  • 21:21:05

    US Secretary of State Blinken: In Gaza, civilian lives should be prioritized rather than military action.

  • 21:20:30

    U.S. Secretary of State Blinken: The United States will watch very carefully the steps taken by Israel.

  • 21:19:58

    U.S. Secretary of State Blinken: Israel is taking responsibility and taking steps to ensure that such incidents do not happen again.

  • 21:13:48

    Market news: TSMC (TSM.N) is fully assessing the impact of the earthquake.

  • 21:13:31

    Market news: TSMC (TSM.N) maintains the annual revenue guidance given at its January meeting.

  • 21:07:06

    The euro/USD pair fell to 1.08, down 0.34% on the day.

  • 21:05:00

    Barkin, a 2024 FOMC voting member and president of the Richmond Fed, will speak in ten minutes.

  • 21:01:04

    Bank of Italy: Risks to inflation forecasts are balanced, while growth forecasts face downside risks.

  • 20:59:15

    According to RIA Novosti: The Zaporizhia Nuclear Power Plant press station said that Ukrainian military drones attacked the Zaporizhia Nuclear Power Plant, but no serious damage was found.

  • 20:58:36

    European Mediterranean Seismological Center: A magnitude 5.7 earthquake occurred in Myanmar.

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