Jerry Lin
The Latest
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Eurozone Two Largest Economies' Report: Dipping Inflation and Halting Economic Contraction in Germany
July's data released by the two largest economies in the Eurozone show a further decline in inflation, indicating a gradual transmission of the European Central Bank's monetary policy. The likelihood of a rate hike in September has thus been further reduced. However, the data also reveal that Germany, the economic locomotive of Europe, ended its downward trend in the second quarter, while France, the second-largest economy, experienced a slight GDP growth driven by a surge in exports. 
July's data released by the two largest economies in the Eurozone show a further decline in inflation, indicating a gradual transmission of the European Central Bank's monetary policy. The likelihood of a rate hike in September has thus been further reduced. However, the data also reveal that Germany, the economic locomotive of Europe, ended its downward trend in the second quarter, while France, the second-largest economy, experienced a slight GDP growth driven by a surge in exports. -
Bank of Japan Flexes Rate Control: A Stepping Stone in Global Interest Rates Evolution
On July 28, the Bank of Japan (BOJ) announced that it would flexibly implement its yield curve control (YCC) policy. The bank will adjust its control over the 10-year government bond yield, allowing it to fluctuate outside the 0% ±0.5% range. Meanwhile, to mitigate the impact on the bond market, the BOJ will adjust fixed-rate operations, purchasing 10-year Japanese government bonds at a rate of 1% every business day. This shift suggests that Japan is beginning to move away from its extremely relaxed monetary policy, but the approach remains cautious. 
On July 28, the Bank of Japan (BOJ) announced that it would flexibly implement its yield curve control (YCC) policy. The bank will adjust its control over the 10-year government bond yield, allowing it to fluctuate outside the 0% ±0.5% range. Meanwhile, to mitigate the impact on the bond market, the BOJ will adjust fixed-rate operations, purchasing 10-year Japanese government bonds at a rate of 1% every business day. This shift suggests that Japan is beginning to move away from its extremely relaxed monetary policy, but the approach remains cautious. -
Kering Group's Q2 Profits Cool Down; Takes a 30% Stake in Valentino
Following the report's release, Kering Group's Euro stocks remained almost 3% higher at close, while American Depository Receipts (ADR) quickly narrowed from nearly a 3% increase to a flat position. 
Following the report's release, Kering Group's Euro stocks remained almost 3% higher at close, while American Depository Receipts (ADR) quickly narrowed from nearly a 3% increase to a flat position. -
IEA: Record Coal Usage in 2022; Global Demand Continues Near Historic Highs
On July 27th, the International Energy Agency (IEA) published its latest coal market trends, stating that global coal consumption in 2022 increased by 3.3% year-on-year, hitting a new record of 8.3 billion tons. 
On July 27th, the International Energy Agency (IEA) published its latest coal market trends, stating that global coal consumption in 2022 increased by 3.3% year-on-year, hitting a new record of 8.3 billion tons. -
U.S. Inflation Concerns Grow: Oil Nears April High, Gasoline Hits Eight-Month Peak, Wall Street Bullish on Energy
Oil prices continued their strong performance on Thursday due to the restricted supply caused by OPEC+'s production cuts and an optimistic outlook on China's demand and global growth prospects. 
Oil prices continued their strong performance on Thursday due to the restricted supply caused by OPEC+'s production cuts and an optimistic outlook on China's demand and global growth prospects. -
Gold's Resilience: Rising Demand and Economic Uncertainty Fuel Momentum
In the face of persistent inflation, interest rate increases, and a string of bank failures, gold has emerged as a beacon of resilience. Its price has surged to over $2,000 per ounce, nearing the record high set in 2020. This surge is not only due to the strong demand for the precious metal but also a host of other factors that are making gold an attractive investment option. 
In the face of persistent inflation, interest rate increases, and a string of bank failures, gold has emerged as a beacon of resilience. Its price has surged to over $2,000 per ounce, nearing the record high set in 2020. This surge is not only due to the strong demand for the precious metal but also a host of other factors that are making gold an attractive investment option. -
ECB Tightens Monetary Policy, Raising Key Interest Rates Amid Slowing European Economy
Defying the European economic slowdown, the European Central Bank (ECB) has raised its interest rates by 25 basis points, reaching a level not seen since 2001. This move, coupled with the bank's dovish tone in its interest rate statement, has led to a significant drop in the value of the euro. 
Defying the European economic slowdown, the European Central Bank (ECB) has raised its interest rates by 25 basis points, reaching a level not seen since 2001. This move, coupled with the bank's dovish tone in its interest rate statement, has led to a significant drop in the value of the euro. -
In the Digital Advertising Game, Will Google and Meta Come Out on Top?
Recent financial reports from tech giants Microsoft, Google, and Meta have stirred discussion, with Microsoft, despite its early start, appearing the most lackluster of the three. 
Recent financial reports from tech giants Microsoft, Google, and Meta have stirred discussion, with Microsoft, despite its early start, appearing the most lackluster of the three. -
Unexpected Dovish Stance? Powell's Press Conference Spins U.S. Stocks into a Rally, Deepens Drop in Bond Yields and the Dollar
The Federal Reserve raised interest rates by 25 basis points as expected on July 26, setting the benchmark interest rate range at 5.25% to 5.5%, a record high since January 2001. The market's forecast of another rate hike by year's end stood at only 38%, suggesting that July could mark the final increase of this cycle. 
The Federal Reserve raised interest rates by 25 basis points as expected on July 26, setting the benchmark interest rate range at 5.25% to 5.5%, a record high since January 2001. The market's forecast of another rate hike by year's end stood at only 38%, suggesting that July could mark the final increase of this cycle. -
Airbus and Boeing's Q2 Results Soar Beyond Expectations, Stocks on the Rise
Airbus and Boeing, two of the world's largest aircraft manufacturers, have reported second quarter financial results that have outperformed forecasts. Both companies' CEOs have highlighted that aircraft manufacturers face a "complex" operating environment. 
Airbus and Boeing, two of the world's largest aircraft manufacturers, have reported second quarter financial results that have outperformed forecasts. Both companies' CEOs have highlighted that aircraft manufacturers face a "complex" operating environment.
