Short term risks remain as Chinese state government sends warning to excessive speculation and Chinese chipmakers experienced a slight sell-off. Apart from Fed taper shock and poor CPI data which is not likely but possible.
LONDON (Aug 11): European shares notched up another record high on Wednesday as investors looked through rising Covid infections in Asia to new highs on Wall Street, after US lawmakers agreed a trillion dollar boost to the economy.
Electric vehicle sales in China surged in July as drivers flocked to local auto brands in the world’s largest car market, while those of Tesla plunged after the US group was swept up in a string of scandals in the country.
KUALA LUMPUR (Aug 11): The FBM KLCI extended its gain today and ended the day 0.5% higher, following US lawmakers' nod on Tuesday to a trillion dollar boost to the US economy, which helped to temper worries about the rapid spread of the Delta variant in many Asian countries.
Azalina soal Rashid: Dah baca belum surat Istana 9 Ogos? Ini selepas Istana Negara didakwa hantar surat minta pengesahan speaker Dewan Rakyat mengenai jumlah sokongan anggota Dewan Rakyat terhadap Muhyiddin Yassin. sejam lepas
I get you are excited but @Purebull you don't have to post the same thing every day. Most retail investors already know which is the best tech company in Malaysia. Institutional investors, from my knowledge, will be paying close attention to economic datas and the most important of all will be chip lead time which measures the gap between chip orders and delivery from vendors. From the most famous chipmakers TSMC to the less well known ones like UMC, Infineon
"Some progressives are unhappy with his bent toward easing financial regulations that were put in place after the 2008 crisis and think the central bank should have someone more in sync with Democratic politics in charge.
If Mr. Powell isn’t given a new four-year term next February, when his current term expires, the leading contender for the job is Fed governor Lael Brainard, an economist appointed to the board in 2014 by former President Barack Obama.
Mr. Powell and Ms. Brainard have had similar views on monetary policy in recent years, but Ms. Brainard has in recent months argued more forcefully for the Fed to develop a central bank digital currency. Mr. Powell has said he is undecided on whether the risks outweigh the benefits. Ms. Warren has also recently talked up the potential benefits of such a project.
Reappointing Mr. Powell “would be disappointing” for those who care about Mr. Biden’s agenda to address financial regulation, climate change and racial wealth gaps, said Erik Gerding, a senior fellow at Americans for Financial Reform, a nonprofit that argues for tougher financial regulation. “Having Jerome Powell continue would just mean one less vote for sustained and healthy regulation of the banking system.”
Until you hear Jpow says something like "benchmark interest rate below natural interest rate" or "economic reopening x10 in one meeting", don't even bother about possible rate hikes/taper. This stock is highly correlated to Nasdaq and S&P500 and USD/MYR.
The juxtaposition of a hawkish leaning Fed and worsening Covid situation is hardly a recipe for quiescent markets. Stocks fell following the release of the minutes, and fell again on Thursday.
In an environment where the pandemic could worsen before it gets better, the Fed may feel the need to put more flexibility on the timing of its taper plans. That will be something to look for at the central bank’s annual symposium in Jackson Hole, Wyo., which begins Friday next week. From there it will be a matter of watching what happens with Covid and how households respond. The recent pickup in vaccinations and a return to more mask-wearing and other mitigation efforts might bring the pandemic back under better control by the end of September, for example, in which case the Fed could send a firmer tapering signal.
Fed's hawkish tone remains. According to analysts, Jpow is likely to hold off taper talks as the conversion to virtual Jackson Hole meeting alludes to the fact that the Fed is cognisant of the potential impact of the Delta variant.
steady revenue growth, consistent receivables, a jump in inventory probably due to the commencement of suzhou's plant..Q2 experienced FMCO in ipohs plant, Q3 shud be 80-100% force, Q4 shud be the most anticipated one as suzhou's plant coming on board.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wallstreetrookie
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