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The 2022 Jackson Hole Economic Symposium is scheduled on Aug 26 at 10:00 AM ET / Aug 26 at 22:00 SGT.
What to expect?
Federal Reserve Chairman Jerome Powell will discuss the economic outlook in a speech at this annual meeting, the content of which could signal the direction of borrowing costs in the US and determine the winners and losers of bets placed on US financial markets over time. Analysts predict that Powell will highlight the following themes.
1. The US economy still has momentum to ...
What to expect?
Federal Reserve Chairman Jerome Powell will discuss the economic outlook in a speech at this annual meeting, the content of which could signal the direction of borrowing costs in the US and determine the winners and losers of bets placed on US financial markets over time. Analysts predict that Powell will highlight the following themes.
1. The US economy still has momentum to ...
The 2022 Jackson Hole Economic Symposium
Aug 26 09:00
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Don't expect too many surprises from Federal Reserve chairman Jerome Powell's speech at the annual Jackson Hole Economic Symposium.
Powell will deliver his much-anticipated remarks Friday at 10 a.m. New York time. The symposium provides the chairman an opportunity to comment in broad strokes on the current economic picture, uncertainties and risks and the Fed's baseline outlook for the future. He will likely discuss inflation and inflation expectations and given...
Powell will deliver his much-anticipated remarks Friday at 10 a.m. New York time. The symposium provides the chairman an opportunity to comment in broad strokes on the current economic picture, uncertainties and risks and the Fed's baseline outlook for the future. He will likely discuss inflation and inflation expectations and given...
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The European Central Bank’s fight against stubbornly high inflation has revealed fragilities in the financial system that are becoming increasingly difficult to ignore.
Higher interest rates are testing the resilience of households, companies, governments and property markets, the institution said Wednesday (May 31) annual Financial Stability Review.
That’s leaving markets vulnerable to disorderly adjustments, it cautioned. And while b...
Higher interest rates are testing the resilience of households, companies, governments and property markets, the institution said Wednesday (May 31) annual Financial Stability Review.
That’s leaving markets vulnerable to disorderly adjustments, it cautioned. And while b...
The U.S. dollar is on track to rise for its four consecutive month after hitting a 20-year high on Monday as investors braced for the aggressive rate hikes from the Federal Reserve in a bid to tamp down the soaring inflation. ![]()
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The $USD (USDindex.FX)$ is expected to edge close to 110 points.
[What is the USD Index?]
The U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies, including the...
The $USD (USDindex.FX)$ is expected to edge close to 110 points.
[What is the USD Index?]
The U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies, including the...
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Hong Kong-listed Chinese technology stocks slid further on Tuesday, tracking losses on Wall Street as a hawkish signal from the Federal Reserve rattled the sector.
China’s big three tech stocks, the BATs trio - $BIDU-SW (09888.HK)$ , $BABA-W (09988.HK)$ , and $TENCENT (00700.HK)$ , fell between 1.2% and 2% in Hong Kong trade. $Alibaba (BABA.US)$ and $Baidu (BIDU.US)$ also fell sharply on Monday.
The three were a...
China’s big three tech stocks, the BATs trio - $BIDU-SW (09888.HK)$ , $BABA-W (09988.HK)$ , and $TENCENT (00700.HK)$ , fell between 1.2% and 2% in Hong Kong trade. $Alibaba (BABA.US)$ and $Baidu (BIDU.US)$ also fell sharply on Monday.
The three were a...
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$PDD Holdings (PDD.US)$reported quarterly revenue above Wall Street estimates, buoyed by a major shopping festival and price promotions. ![]()
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Financial Report:
Pinduoduo’s total revenue stood at 31.44 billion yuan (US$4.55 billion) in the quarter to June 30, compared with estimates of 23.68 billion yuan.
Pinduoduo’s net income attributable to ordinary shareholders was 8.9 billion yuan durin...
Pinduoduo’s total revenue stood at 31.44 billion yuan (US$4.55 billion) in the quarter to June 30, compared with estimates of 23.68 billion yuan.
Pinduoduo’s net income attributable to ordinary shareholders was 8.9 billion yuan durin...
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The shares of $Alibaba (BABA.US)$ recently received a $160 price target from $Deutsche Bank (DB.US)$ . These are the details.
Price Target:
Price target increased from $155 to $160
Rating:
Buy
Analyst:
Deutsche Bank analyst Leo Chiang
Chiang noted that the company’s June quarter net income was ahead of consensus while adjusted net margins beat, due to a faster than expected narrowing of losses in new initiatives. And Chiang views the current val...
Price Target:
Price target increased from $155 to $160
Rating:
Buy
Analyst:
Deutsche Bank analyst Leo Chiang
Chiang noted that the company’s June quarter net income was ahead of consensus while adjusted net margins beat, due to a faster than expected narrowing of losses in new initiatives. And Chiang views the current val...
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$Mizuho Financial (MFG.US)$ analyst James Lee reiterated a Buy on Alibaba with a $160 price target.
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- He expects September quarter GMV growth to improve from June to 5% Y/Y and positive change in December as demand for discretionary products pick up during Singles' Day promotions with the reopening of the supply chain.
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- Lee anticipates the cancellation rate to drop in the back half of CY22 as shipping capacity becomes nor...
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$DBS Group Holdings (D05.SG)$ $OCBC Bank (O39.SG)$ $UOB (U11.SG)$
$FTSE Singapore Straits Time Index (.STI.SG)$ was down 0.1% or 39.76 points to 3209.77 as at 9 am. Losers outweighed gainers 148 to 19 after 75.36 million securities worth S$56.12 million shares changed hands.
The trio of local banks traded lower at Monday’s open. DBS was down 1.6% or S$0.52 to S$32.32, UOB lost 1.5% or S$0.42 to S$27.05, OCBC dipped 1.7% or ...
$FTSE Singapore Straits Time Index (.STI.SG)$ was down 0.1% or 39.76 points to 3209.77 as at 9 am. Losers outweighed gainers 148 to 19 after 75.36 million securities worth S$56.12 million shares changed hands.
The trio of local banks traded lower at Monday’s open. DBS was down 1.6% or S$0.52 to S$32.32, UOB lost 1.5% or S$0.42 to S$27.05, OCBC dipped 1.7% or ...
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Some stocks remain strong ![]()
after the Federal Reserve Chair's speech at Jackson Hole Economic Symposium 2022.
Please allow me to name a few of these 'Cream of the Crop' stocks, as follows.
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Micro Focus International PLC
+92.01%
$Micro Focus International (MFGP.US)$ , an enterprise software provider, was up 92.01%, as it will be acquired by $Open Text (OTEX.US)$ , a cloud information company, at the price of $6.30 per share.
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Minerva Neurosciences Inc.
+58.19%
$Minerva Neurosciences (NERV.US)$ , rose 58...
Please allow me to name a few of these 'Cream of the Crop' stocks, as follows.
+92.01%
$Micro Focus International (MFGP.US)$ , an enterprise software provider, was up 92.01%, as it will be acquired by $Open Text (OTEX.US)$ , a cloud information company, at the price of $6.30 per share.
+58.19%
$Minerva Neurosciences (NERV.US)$ , rose 58...
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