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July 31, 2023

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Explainer-After surprise tweak, what now for BOJ’s yield curve control?

The Cheap Investor2 years ago2 years ago04 mins

By Leika Kihara TOKYO (Reuters) – The Bank of Japan (BOJ) has tweaked its bond yield control policy and will allow interest rates to rise more freely, action that market participants have interpreted as the start of a slow shift away from decades of massive monetary stimulus. Since 2016, the BOJ has guided short-term interest…

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Marketmind: Beijing stimulus given benefit of the doubt

The Cheap Investor2 years ago2 years ago03 mins

(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Asian share markets are looking to end July with a bang as hopes for new policy steps have Chinese blue chips up 4.8% for the month and on track for their best performance since January. China’s July PMIs were…

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Analysis-Oil inventory drops set stage for higher prices

The Cheap Investor2 years ago2 years ago05 mins

By Ahmad Ghaddar, Arathy Somasekhar and Trixie Yap LONDON/HOUSTON/SINGAPORE (Reuters) – Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from OPEC leader Saudi Arabia, providing support for prices which are expected to rise in coming months. JP Morgan analysts said this month that oil inventories…

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