Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Breaking News

Breaking News

Morning Bid: China will keep calm on interest rates

Photo Credit: Jason Lee Photo Credit: Jason Lee
Photo Credit: Jason Lee Photo Credit: Jason Lee

Listen to the article now

Three central bank policy announcements dominate the Asian economic calendar this week as investors grapple with the market effects of the greatest decline in interest rate expectations.

This follows rising global tensions. Friday marks the one-year anniversary of Russia’s invasion of Ukraine, and the spy balloon crisis is harming China-US relations.

Since Monday is President’s Day in the United States, trading activity and volume in Asia will be lower than normal.

And this will provide a unique opportunity for traders to reflect on the quick increase in US interest rates and market-based yields.
The S&P 500 and MSCI World ended the week down only 0.3 percent, while the Nasdaq rose 0.6 percent. Wall Street and global markets in general were performing quite well. Asia feels hotter. The MSCI Asia Index excluding Japan declined for three consecutive weeks, its worst losing run since October.

Chinese equities plummeted for three weeks, with last week’s decline worsened by Friday’s 1.5% decline. Making it the worst of the year, after Lenovo’s announcement of its largest sales decline in 14 years.

The people’s Bank of China is ready to establish its base rate on Monday. Several experts anticipate that he will maintain the benchmark lending rate for the sixth consecutive month. This means maintaining the one-year prime lending rate at 3.65% and the five-year rate at 4.3%.

The Reserve Bank of New Zealand is set to reduce its tightening on Wednesday. It will also lift interest rates by 0.5 percentage points to 4.75 percent.

The Bank of Korea is set to keep its benchmark interest rate at 3.5%, the first time since April.

Inflation is rising, the US political landscape has changed, and the currency has plummeted 7% in two weeks.

This week’s market-moving Asian economic data includes Japan’s January consumer price inflation on Friday (anticipating a 41-year high of four percent) and Hong Kong and Taiwan’s fourth quarter GDP estimates on Wednesday.

However, on the commercial side, the issues surrounding India’s Adani Group are growing political. On Friday, reports has it that the Indian government has asked the country’s highest court to evaluate the “authenticity” of the claims against Hindenburg Research.


Comment Template

You May Also Like

Business

Hims & Hers Health reported strong Q4 2024 revenue growth, surpassing expectations, but its stock fell 18% due to margin concerns and regulatory scrutiny...

Business

The Saver’s Credit helps low- and moderate-income earners reduce their tax bill while saving for retirement. Many eligible taxpayers miss out due to low...

Business

President Trump confirmed tariffs on Canada and Mexico will proceed as planned, emphasizing the need to protect U.S. industries. Despite concerns over trade relations...

Business

Nvidia's Q4 2025 earnings report, set for February 26, will highlight its AI market position amid competition from DeepSeek. Despite stock fluctuations and Blackwell...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok