Deeper Analysis
September 2024 in Figures
September 30, 2024
Quite a few central banks changed interest rates during September, mostly in the direction of lessening restraint. Reductions of 50 basis points were done by the Federal Reserve, Swedish Riksbank, and monetary authorities in Hong Kong, the U.A.E., Bahrain, Honk Kong and Colombia. Central banks that cut interest rates by 25 bps included those Chile, […] More
New Overnight Developments Abroad - Daily Update
Quarter-End and Supercharged 8.1% Leap in Chinese Equity Market Sucks the Energy Out of Other Stock Markets
September 30, 2024
Just prior to China‘s week-long national holiday, more measures were announced to support that economy’s depressed housing market and help secure this year’s overall goal of 5% GDP growth. The release of September purchasing manager surveys suggest that the stimulus is badly needed. The government-compiled NBS non-manufacturing PMI printed at a 21-month low of 50.0, […] More
