Bank of Japan Initiates Unexpected Bond Purchase
Bank of Japan Initiates Unexpected Bond Purchase In an unexpected maneuver, the Bank of Japan (BOJ) declared an unscheduled bond operation this Tuesday. This move comes in response to the escalating Japanese government bond (JGB) yields that recently touched their highest levels in a decade. By making this move, the BOJ intends to exert control […]
China’s Wealth Fund Purchases ETF Shares Amid Market Uptick
China’s Wealth Fund Purchases ETF Shares Amid Market Uptick China’s sovereign wealth fund, Central Huijin Investment Ltd., part of the $1.4 trillion China Investment Corp., broadened its market interventions by purchasing exchange-traded funds (ETFs) on Monday. This move extends beyond its recent bank shares acquisitions, signaling heightened efforts to stimulate the faltering stock market. While […]
EUR/GBP near 0.8700 after UK job data; Eurozone, UK PMI watched
EUR/GBP near 0.8700 after UK job data; Eurozone, UK PMI watched The EUR/GBP cross is facing downward pressure as it approaches the 0.8700 mark. This comes after the release of mixed UK employment statistics on Tuesday. Both the Eurozone and the UK are expected to release pivotal economic data, which will significantly influence the market […]