About: pumarketings
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Yen Strengthens After Ishiba Wins Leadership Vote
Market Summary The financial markets were shaken by the unexpected victory in the Japan’s ruling party’s leadership race, which is set to replace the current Prime Minister of Japan. The win by Shigeru Ishiba, seen as favouring a more hawkish stance on monetary policy, led to a significant strengthening of the Japanese Yen, as hisContinue Reading
Japanese Yen Surge After Ishiba Wins PM Contest
Fundamental Analysis * Ishiba Wave: The Japanese Yen surged against the US Dollar after former Defense Chief Shigeru Ishiba won the Liberal Democratic Party’s (LDP) presidential election, securing his position as Japan’s next prime minister. Market participants view Ishiba’s victory as supportive of potential interest rate hikes by the Bank of Japan (BoJ). In previousContinue Reading
China Rate Cut Spurs Equity Market to Rally
Market Summary The Chinese equity market has emerged as the standout asset class in the financial world, with the China A50 index posting its largest weekly gain in a decade and the Hang Seng Index (HK50) rising by over 12% this week. The market rally has been driven by ongoing economic stimulus measures from theContinue Reading
