Live Updates

19

Sep 2025
Goldman Sachs has revised expectations, anticipating no Bank of England rate cuts in 2025

Goldman Sachs now expects Bank of England rate cuts to begin in February, not November, continuing quarterly.

19

Sep 2025
Jeremy Hunt cautioned that Chancellor Reeves confronts a challenging budget with a £50bn fiscal shortfall

Chancellor Reeves faces a tough budget amid high debt, possible tax hikes, and economic growth concerns.

19

Sep 2025
Asian currencies remain stable as risk appetite bolsters them, following reassessed positive market sentiment

Asian currencies held steady as strong U.S. data and Fed caution supported regional market stability today.

19

Sep 2025
Bessent stated that yuan’s weakness poses greater challenges to Europe compared to the United States

Yuan’s euro weakness boosts Chinese exports to Europe, while stable dollar rate reduces U.S. trade deficit.

19

Sep 2025
Trump’s team is exploring a $550 billion initiative for enhancing manufacturing and energy sectors

Trump plans $550B fund to boost factories, energy, and critical sectors like semiconductors, minerals, and pharmaceuticals.

19

Sep 2025
The PBOC established the USD/CNY reference rate at 7.1128, deviating from the market estimate.

PBOC sets yuan midpoint at 7.1128, injects 124.3 billion yuan via 7-day reverse repos.

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