Express News | The mmf bridge project has completed preliminary exploration work. The next step will be fully taken over by participating central banks and monetary authorities.
Trump trade dragging down emerging markets, trade war concerns resurface!
Analysts say that Trump's election as president will lead to higher US bond yields and a stronger dollar, causing a double blow to emerging markets.
Reserve Bank of Australia Seen Lowering Cash Rate to 3.6% by End-2025
Caixin C50 Wind Index Survey: October crediting may be slightly tight, expected slight decrease in social financing growth.
①The median forecast for new RMB loans in October is 0.58 trillion yuan, with a year-on-year decrease in incremental growth of 0.16 trillion yuan; ②The median forecast for new social financing scale in October is 1.47 trillion yuan, with a year-on-year decrease in incremental growth of 0.38 trillion yuan; ③October CPI year-on-year reading may remain unchanged, while PPI year-on-year decline may narrow; ④Fiscal policy will increase countercyclical adjustment efforts, and the central bank still has a relatively large space for balance sheet expansion.
Australian Dollar Falls Ahead of US Election Results, Georgia Exit Polls Tilt Toward Trump
In October, australia's AiG manufacturing PMI rose to -19.7 in the economy.
Australian industrial conglomerates (AiG) announced that, after seasonal adjustment, Australia's overall industry indices plummeted by 10.1 points in October to -28.8, marking the 30th consecutive month of contraction. In the same month, AiG's manufacturing PMI rose by 14 points to -19.7. Australia's October Performance of Construction Index (PCI) dropped by 21.1 points to -40.9. The input price index fell sharply by 12.6 points to 34.2, reaching the lowest level since 2020, consistent with the easing inflation pressure in Australia. The selling price index turned negative, indicating that more companies are reducing prices than increasing them. Due to weak economic activity and employment, capacity utilization continues to decline to 7.