CMB International: The market has fully reflected the expectation of a 25 basis point rate cut by the Federal Reserve this week
CMB International's research report pointed out that the market has fully reflected the expectation of a 25 basis point rate cut by the Federal Reserve this week. A U.S. court dismissed Trump's request to remove Federal Reserve Governor Cook, paving the way for his attendance at the meeting. U.S. Treasury yields fell, the U.S. dollar index declined, cryptocurrencies experienced widespread losses, gold reached a new high, and oil prices rose. The mainland stock market increased, with Hong Kong stocks in the consumer and energy sectors leading the gains, and southbound funds net bought HKD 14.473 billion. A-shares in power equipment, media, and agriculture saw the largest increases, and the renminbi strengthened slightly
According to the Zhitong Finance APP, CMB International has released a research report stating that the market has fully reflected the expectation of a 25 basis point rate cut by the Federal Reserve this week. The U.S. Court of Appeals rejected Trump's request to dismiss Federal Reserve Governor Cook, clearing the way for Cook to attend this week's Federal Reserve meeting, which may witness a division within the Federal Reserve. U.S. Treasury yields have fallen, the U.S. dollar index has declined, cryptocurrencies have broadly decreased, gold has reached a new high, and oil prices have risen.
The report indicates that the mainland stock market has risen, with Hong Kong stocks in consumer discretionary, energy, and consumer staples leading the gains, while materials, conglomerates, and real estate construction have declined. Biotechnology, lithium batteries, and smart terminals have performed well, with southbound funds net buying HKD 14.473 billion. A-shares in power equipment, media, and agriculture have seen the largest increases, while conglomerates, telecommunications, and defense military industries have declined. Non-metallic building materials, energy, and iron ore have risen, while the yield on RMB government bonds has slightly increased, and the RMB has strengthened slightly
