Podcasts about pboc

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Direct Payment Update4:30 Wheat Rally6:13 Russia Wheat Weather7:24 Corn Belt Rains9:53 China Soybean Imports11:35 China Buys More Gold

China's new financial stimulus package reflects policymakers' strong resolve to stabilize the domestic economy and financial markets amid ongoing tariff-related pressures, paving the way for greater monetary and fiscal actions to shore up domestic demand and confidence, economists and analysts said.经济学家和分析人士指出，中国新推出的一揽子经济刺激计划彰显了决策层在关税压力持续的背景下稳定国内经济与金融市场的坚定决心，这为后续出台更多货币和财政政策举措，提振内需、巩固市场信心铺平了道路。The package, unveiled on Wednesday, includes interest rate cuts, liquidity injection and targeted funding for consumption and technological innovation, and is aimed at strengthening credit expansion, anchoring investor expectations and boosting capital market resilience.周三推出的一揽子政策包含降息、流动性注入及针对消费与科技创新的定向资金支持，旨在强化信贷扩张力度、稳定投资者预期并提升资本市场抗风险能力。With the measures indicating that policymakers are taking a proactive stance to brace for worst-case scenarios, additional tools are likely to be in the pipeline, including bolder cuts to interest rates, stepped-up fiscal support for consumption and trade-affected businesses, and the potential launch of a formal stock market stabilization fund.这些措施表明，决策层正以积极主动的姿态未雨绸缪、防范最坏情况，后续可能出台更多政策工具组合，包括更大幅度的降息、针对消费和受贸易冲击行业加大财政支持力度，以及可能正式推出股市平准基金。The People's Bank of China, the country's central bank, announced on Wednesday that it will cut the seven-day reverse repos—a key policy benchmark for interest rates—by 10 basis points to 1.4 percent from 1.5 percent, effective on Thursday.中国人民银行周三宣布，自周四起将作为关键政策利率指标的7天期逆回购操作利率下调10个基点，由1.5%降至1.4%。Pan Gongsheng, governor of the PBOC, said the reserve requirement ratio, or RRR—the proportion of deposits that banks must keep as reserves—will be reduced by 0.5 percentage point, unleashing liquidity of around 1 trillion yuan ($138.5 billion). The cut will take effect on May 15.中国人民银行行长潘功胜表示，自5月15日起存款准备金率（RRR）——即商业银行需持有的存款准备金比例，将下调0.5个百分点，此次降准预计释放长期流动性约1万亿元人民币（约合1385亿美元）。Speaking at a news conference, Pan announced a raft of targeted monetary support, including lowering the RRR for auto financing and financial leasing companies to zero from 5 percent and reducing interest rates by 25 basis points on housing provident fund mortgages and various structural monetary instruments.潘功胜在新闻发布会上宣布了一系列定向货币政策支持措施，包括将汽车金融公司和金融租赁公司的法定存款准备金率从5%全面下调至零，并将住房公积金贷款及各类结构性货币政策工具利率统一下调25个基点。The central bank will launch two new tools to provide funding for services consumption and eldercare, as well as tech innovation bond investments, Pan added.潘功胜补充道，中国人民银行将创设两项新工具，分别为服务消费与养老产业、以及科技创新债券投资领域提供专项融资支持。David Chao, global market strategist for the Asia-Pacific region (excluding Japan) at investment management company Invesco, said, "The rate cuts are likely to reduce borrowing costs in the real economy and give credit growth the boost it needs."景顺投资管理公司亚太区（除日本外）全球市场策略师赵大卫（David Chao）表示：“此次降息有望降低实体经济融资成本，为信贷增长注入必要动能。”"The combined package of measures—similar to those in September—demonstrates that policymakers remain committed to prioritizing (economic) growth," Chao said.“与去年9月类似的一揽子政策表明，决策层仍致力于将经济稳增长置于优先位置。”赵大卫指出。With the policies coming before the planned China-US trade talks later this week, Wang Qing, chief macroeconomic analyst at Golden Credit Rating International, said the PBOC is likely to continue with interest rate cuts and RRR reductions in the second half, as negotiations may go through a complex process while inflation remains subdued at home.随着政策即将出台，中美两国计划于本周晚些时候进行贸易谈判，东方金诚国际首席宏观分析师王青表示，由于谈判进程可能面临波折且国内通胀持续低迷，中国人民银行很可能在下半年继续降息和下调存款准备金率。China's A-share market reacted positively to the measures, with the benchmark Shanghai Composite Index rising 0.8 percent to close at 3,342.67 points on Wednesday.中国A股市场对此作出积极反应，周三上证综合指数上涨0.8%，收报3,342.67点。Pan added that the central bank will provide sufficient funding support to Central Huijin Investment, an arm of China's sovereign wealth fund that functions as a quasi-stock market stabilization fund, in increasing share holdings when necessary.潘功胜补充称，央行将为中央汇金投资有限公司（中国主权财富基金旗下机构，承担准股市平准基金职能）提供充足的资金支持，以便其必要时进一步增持股票。Zhang Jun, chief economist at China Galaxy Securities, said it is also necessary for China to launch a formal stock market stabilization fund via legislative procedures, especially amid rising global financial market volatility, to further anchor market expectations.银河证券首席经济学家张军表示，在全球金融市场波动加剧的背景下，中国还需通过立法程序正式设立股市平准基金，以进一步稳定市场预期。Zhang added that as the RRR for some institutions will be cut to zero—breaking through the previously assumed implicit floor of 5 percent—there is now greater room for reducing the RRR of commercial banks, with a 50-basis-point cut likely in the third quarter to coordinate with incremental fiscal stimulus.张军进一步指出，由于部分机构存款准备金率将降至零（突破了此前市场普遍认为的5%隐性下限），商业银行存款准备金率下调空间进一步扩大，第三季度可能再降准50个基点，与增量财政刺激政策形成协同效应。Lu Ting, chief China economist at Nomura, said China needs to take bolder steps—especially on the fiscal front—to clean up debt in the property sector and support consumption by reforming the pension system.野村证券中国首席经济学家陆挺表示，中国需采取更大胆举措——尤其是在财政政策方面——通过改革养老金制度来化解房地产行业债务问题并提振消费。Li Yunze, head of the National Financial Regulatory Administration, said that China will accelerate the rollout of financing mechanisms aligned with its new development model of real estate.国家金融监督管理总局局长李云泽表示，中国将加快推出与房地产发展新模式相匹配的融资机制。stimulus package一揽子刺激计划; 经济刺激政策the reserve requirement ratio (RRR)存款准备金率reverse repos反向回购; 逆回购benchmark/ˈbentʃmɑ:k/n. 基准PBOC中国人民银行stock market stabilization fund股市平准基金

S&P futures are pointing to a higher open, up +0.6%. European equity markets are mostly weaker in early trades, except with the DAX showing mild resilience after strong German factory orders data. Asian equities traded mostly higher today, led by gains in Greater China markets following the PBOC's liquidity measures. U.S. Treasury Secretary Bessent and USTR Greer will meet China Vice Premier He Lifeng in Switzerland tomorrow, marking the first high-level talks between the two nations since imposing mutual tariffs. The discussions aim at de-escalation rather than significant trade agreements, as both sides face economic pressures from the ongoing dispute. Companies Mentioned: Uber, AvidXchange, Masimo

China's Ministry of Commerce confirmed US-China trade talks with Vice Premier He Lifeng to visit Switzerland from May 9th-12th and will visit France from May 12th-16th for economic and financial dialogue.PBoC Governor Pan announced to cut RRR by 50bps effective May 15th and to cut the policy interest rate by 10bps effective on May 8th with the 7-day reverse repo rate lowered to 1.40% and interest rates on Standing Lending Facility across all tenors lowered by 10bps. Pan stated that the policy rate cut will lead to a Loan Prime Rate cut of 10bps and the RRR cut will release about CNY 1tln in liquidity.An Indian missile attack on Pakistan-controlled territory has killed at least 26 civilians and left 46 injured; a Pakistan military spokesman noted there were exchanges of fire with Indian troops at multiple places along the ceasefire line in Kashmir and announced that five Indian aircraft were shot down.US President Trump said they will have a very big announcement before the Middle East trip which will be a really positive announcement on Thursday, Friday or Monday before they leave.APAC stocks traded mostly higher as participants digested the PBoC's announcement to loosen monetary policy and reports of upcoming US-China talks this week but with the gains capped amid geopolitical escalation between India and Pakistan.European equity futures indicate a slightly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market finished with losses of 0.4% on Tuesday.Looking ahead, highlights include German Industrial Orders, French Trade Balance, EZ Retail Sales, Fed, NBP, CNB & BCB Policy Announcements, Fed Chair Powell's Presser, Supply from France, UK & US, Earnings from AppLovin, Carvana, Arm, DoorDash, AMC, Uber, Disney, Barrick Gold, Bunge, BMW, Fresenius, Siemens Healthineers, Novo Nordisk, Pandora & Nexi.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

China's Ministry of Commerce confirmed US-China trade talks with Vice Premier He Lifeng to visit Switzerland from May 9th-12th and will visit France from May 12th-16th for economic and financial dialogue.PBoC Governor Pan announced to cut RRR by 50bps effective May 15th and to cut the policy interest rate by 10bps effective on May 8th with the 7-day reverse repo rate lowered to 1.40% and interest rates on Standing Lending Facility across all tenors lowered by 10bps. Pan stated that the policy rate cut will lead to a Loan Prime Rate cut of 10bps and the RRR cut will release about CNY 1tln in liquidity.European stocks mixed whilst US-Sino trade talks have been confirmed and as traders await the FOMC.USD stronger vs. peers as US-China meeting spurs trade hopes, JPY underperforms.Two way action for EGBs & Gilts but benchmarks ultimately firmer, aided by auctions. USTs more contained pre-FOMC.Crude firmer on China's monetary policy easing, US-China trade talks, and rising tensions between India and Pakistan.Looking ahead, Fed, NBP, CNB & BCB Policy Announcements, US Treasury Secretary Bessent, Fed Chair Powell's Presser, Supply from the US, Earnings from AppLovin, Carvana, Arm, DoorDash, AMC, Uber, Disney, Barrick Gold.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

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This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comGold again today. I just can't stop writing about it.Another day. Another new high. We touched $3,500 in the early hours of yesterday morning.That's 27 new highs in the gold price so far this year.Yet there is still something about this bull market that doesn't feel right or complete: it's not confirmed by silver, which should be trading north of $50. Instead it's mired around $32. Nor is this bull market confirmed by the miners, which, in most cases, are nowhere near all-time highs.Nevertheless, on the basis of gold's price relative to equities, commodities and houses, as outlined last week, gold is starting to look expensive. Is it time to have an eye on the exit?In the short term, maybe. It's overbought. We are going into a weak time of year for gold (May to August). But that's why I like physical. It stops you trading!How about this for a chart?It now takes more work than at any time in the last 100 years to buy an ounce of gold.This is as much a function of declining wages in real terms, and the erosion in value of fiat, as it is the price of gold, but all the same it's pretty incredible: how we've all been lied to!There are, though, many signs that gold is now fully valued.But these are not normal times.And a “proper” bull market will see blow-off tops in silver and the miners. We don't have that yet.Let me give you six more reasons (ie largely previously unmentioned reasons) not to be selling your gold.1. You live in the UK.(This is one I have mentioned before). Do not be fooled by the fact that the pound has been performing relatively well in the foreign exchange markets this year. It has lost 37% of its purchasing power since 2020 and has repeatedly proven to be a rotten store of value.The interest on UK gilts is rising, meaning it is getting increasingly expensive for the government to pay for its own debt. We're above Liz Truss levels and the trend is rising.We've got high energy costs too.What this government is actually doing to rein in its spending is one thing. What needs to be done is something else. There is no Elon Musk taking the guillotine to it all. The scale of our government inefficiency, waste, corruption, misallocation of capital is both larger, relative to GDP, and more entrenched than in the US. At the level of government we are not even having a conversation about what needs to be done, let alone actually doing anything.Nor is there any likelihood of this country re-industriali sing. We'll just have to hope people buy our services, what few we offer. In the meantime we'll keep borrowing to pay for stuff.The only way is currency debasement. There has never been a Labour government that did not devalue sterling. Think this one will be any different? Do not store your wealth in sterling. They take enough from you in taxes as it is. Don't let them take any more.As always, if you are looking to buy gold, the bullion dealer I use and recommend is the Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. Find out more here.2. Chinese retailI'm endlessly wittering on about China's central bank buying gold, but one thing I confess I've overlooked is Chinese retail buying. Its real estate and stock markets have both been rubbish, the former especially, so they are buying gold instead. Then think about the sheer size of China's retail market: over a billion potential buyers. Never mind central bank buying, the potential scale of this thing is enormous. What if they al buy an ounce each?When do they stop buying and start selling? When their real estate and stock markets pick up … Meanwhile, China's central bank, the PBOC, which says it bought 5 tonnes last month, actually bought ten times that. (De-dollarisation, which is perhaps the biggest factor of the lot, except re-monetisation, does not even make it onto this list as I‘ve covered it so many times before).3. What about Western retail? What about Western institutions? Western retail and institutional investors have been slow to this bull market and are under-allocated. As my buddy Ross Norman says, “this gold rally has not, to date, been driven by retail investors buying coins and bars, high net clients clamouring for physical, nor institutions buying the gold ETF, not even speculative flows to any great extent. This has been an incredibly low participation rally. A stealth run even”. Portfolios are roughly 2% allocated to gold at present. They were four times that at the peak of the last bull market in 2011. That means a lot of room for more Western buying.Since the confiscation of Russian assets, central banks have bought every pullback to the 50-day moving average. But it's not just central banks now, retail and institutional investors the world over are coming to the party. And if you think they're underweight gold, wait until you see how underweight they are gold miners. (Even these are slowly starting to move - MTL anyone :)?)4. Gold vs the Nasdaq - OMGTrends in this ratio tend to go on for a long time, like ten years or more.How about this for a chart?

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comGold again today. I just can't stop writing about it.Another day. Another new high. We touched $3,500 in the early hours of yesterday morning.That's 27 new highs in the gold price so far this year.Yet there is still something about this bull market that doesn't feel right or complete: it's not confirmed by silver, which should be trading north of $50. Instead it's mired around $32. Nor is this bull market confirmed by the miners, which, in most cases, are nowhere near all-time highs.Nevertheless, on the basis of gold's price relative to equities, commodities and houses, as outlined last week, gold is starting to look expensive. Is it time to have an eye on the exit?In the short term, maybe. It's overbought. We are going into a weak time of year for gold (May to August). But that's why I like physical. It stops you trading!How about this for a chart?It now takes more work than at any time in the last 100 years to buy an ounce of gold.This is as much a function of declining wages in real terms, and the erosion in value of fiat, as it is the price of gold, but all the same it's pretty incredible: how we've all been lied to!There are, though, many signs that gold is now fully valued.But these are not normal times.And a “proper” bull market will see blow-off tops in silver and the miners. We don't have that yet.Let me give you six more reasons (ie largely previously unmentioned reasons) not to be selling your gold.1. You live in the UK.(This is one I have mentioned before). Do not be fooled by the fact that the pound has been performing relatively well in the foreign exchange markets this year. It has lost 37% of its purchasing power since 2020 and has repeatedly proven to be a rotten store of value.The interest on UK gilts is rising, meaning it is getting increasingly expensive for the government to pay for its own debt. We're above Liz Truss levels and the trend is rising.We've got high energy costs too.What this government is actually doing to rein in its spending is one thing. What needs to be done is something else. There is no Elon Musk taking the guillotine to it all. The scale of our government inefficiency, waste, corruption, misallocation of capital is both larger, relative to GDP, and more entrenched than in the US. At the level of government we are not even having a conversation about what needs to be done, let alone actually doing anything.Nor is there any likelihood of this country re-industriali sing. We'll just have to hope people buy our services, what few we offer. In the meantime we'll keep borrowing to pay for stuff.The only way is currency debasement. There has never been a Labour government that did not devalue sterling. Think this one will be any different? Do not store your wealth in sterling. They take enough from you in taxes as it is. Don't let them take any more.As always, if you are looking to buy gold, the bullion dealer I use and recommend is the Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. Find out more here.2. Chinese retailI'm endlessly wittering on about China's central bank buying gold, but one thing I confess I've overlooked is Chinese retail buying. Its real estate and stock markets have both been rubbish, the former especially, so they are buying gold instead. Then think about the sheer size of China's retail market: over a billion potential buyers. Never mind central bank buying, the potential scale of this thing is enormous. What if they al buy an ounce each?When do they stop buying and start selling? When their real estate and stock markets pick up … Meanwhile, China's central bank, the PBOC, which says it bought 5 tonnes last month, actually bought ten times that. (De-dollarisation, which is perhaps the biggest factor of the lot, except re-monetisation, does not even make it onto this list as I‘ve covered it so many times before).3. What about Western retail? What about Western institutions? Western retail and institutional investors have been slow to this bull market and are under-allocated. As my buddy Ross Norman says, “this gold rally has not, to date, been driven by retail investors buying coins and bars, high net clients clamouring for physical, nor institutions buying the gold ETF, not even speculative flows to any great extent. This has been an incredibly low participation rally. A stealth run even”. Portfolios are roughly 2% allocated to gold at present. They were four times that at the peak of the last bull market in 2011. That means a lot of room for more Western buying.Since the confiscation of Russian assets, central banks have bought every pullback to the 50-day moving average. But it's not just central banks now, retail and institutional investors the world over are coming to the party. And if you think they're underweight gold, wait until you see how underweight they are gold miners. (Even these are slowly starting to move - MTL anyone :)?)4. Gold vs the Nasdaq - OMGTrends in this ratio tend to go on for a long time, like ten years or more.How about this for a chart?

This week, we dive into the evolving crypto and macro landscape—starting with the latest market signals: BTC dominance climbs to 69%, perp funding turns negative, and BTC options remain cautiously bearish. We also break down technical levels to watch, institutional flow trends, and how global equity valuations are influencing crypto sentiment.On the macro front, rising US-China uncertainty continue to take center stage. We assess potential ripple effects from escalating tariffs, a weakening yuan, and the PBOC's monetary posture.In industry news, Ripple makes a $1.2B acquisition, and Apollo backs Plume's push into tokenized assets. Onchain, stablecoin growth pauses while infrastructure protocols reclaim top revenue spots.We also share Coinbase updates: the May 9 launch of 24/7 derivatives trading, upcoming XRP futures, and progress in tokenized fund access through WisdomTree Connect.Topics Covered:Market Metrics: BTC dominance at 69%, flat-to-negative perp funding, bearish skew in options, and COIN50 reboundMacro Trends: China tariff escalation, yuan devaluation risk, Fed expectations and SPY valuation divergencesIndustry News: SEC stablecoin guidance, Ripple's $1.2B deal, Apollo's investment in Plume, and fundraises from Blackbird & CapOnchain Insights: Stablecoin growth stalls, Aave vote for Pendle PT as collateral, memecoin activity falls relative to overall DEX volumesCoinbase Updates: Derivatives launch (May 9), XRP Futures (Apr 21), WisdomTree tokenized funds, ML & Blockchain SummitUpcoming Catalysts: CPI + Jobless Claims (Thurs), FTX distributions (May 30), Pectra upgrade (end of April)Host:Ben Floyd, Head of Execution Services Speakers:David Han, Research AnalystGeorg Toropov, Senior CES Sales TraderLinks:Coinbase Derivatives is targeting May 9th to enable 24x7 trading for Bitcoin and Ether futures.XRP Futures likely to go live on April 21stWisdomTree Connect: 13 Tokenized Funds Now Available Across Base, Ethereum, Arbitrum, Avalanche and OptimismMachine Learning and Blockchain research summit on Thursday 8th MayCoinbase Blog - Unlocking Government Efficiency with Crypto and Blockchain

The Federal Reserve keeps rates on hold as anticipated. Chairman Jerome Powell signalled he was easing off on the growth forecast and slightly raising inflation projections. However, markets shrugged off any concerns and now expect two more potential rate cuts this year. The PBOC also maintains rates for the fifth straight month with the BoE and the Riksbank set to follow suit. The SNB is likely to cut once again later today. Nvidia CEO Jensen Huang talks to our colleagues Stateside, spelling out the firm's A.I. infrastructure building plan. U.S. President Donald Trump hails his phone call with Ukrainian counterpart Volodomyr Zelenskyy, saying peace talks remained on track. Moscow and Kyiv still accuse each other of undermining any partial ceasefire with attacks energy installations.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Trump chiede alla Fed di tagliare i tassi; Cina, la Pboc tiene i tassi fermi; Piazza Affari verso i 40.000 punti; Lagarde al Parlamento Ue, il giorno della Bank of England; Al via il Consiglio Europeo. Puntata a cura di Gualtiero Lugli - Class CNBC ➡️Qui per la Promo Primavera Learn more about your ad choices. Visit megaphone.fm/adchoices

China's money markets have started to come unglued, with serious illiquidity driving up money rates. Despite provoking one of the largest liquidity operations in twenty years from the PBOC yesterday, the disorder came back even worse today. All of this against the backdrop of a currency fight and the prospect China's bank credit problem becomes a full-blown liquidity crisis. Eurodollar University's Money & Macro AnalysisBloomberg China's Central Bank Pumps Near-Historic Level of Cash Into Financial Systemhttps://www.bloomberg.com/news/articles/2025-01-15/pboc-dials-up-short-term-liquidity-injections-amid-cash-squeezeBloomberg China Cash Squeeze Rolls on Even After Central Bank's Infusionshttps://www.bloomberg.com/news/articles/2025-01-16/china-cash-squeeze-rolls-on-even-after-pboc-liquidity-boostshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

S&P Futures are displaying positive action this morning. Key development is the weakening of bond yields which is due to reports that President elect Trump's team is considering a cautious and slow approach to implementing tariffs to avoid an inflation spike. Markets will be paying close attention to this morning Producer Price Index report which is due out before the bell. Chinese regulators announced plans to collaborate with the PBOC to enhance the effectiveness of monetary policy tools to support markets. Isreal and Hamas are said to be close to a Gaza cease fire agreement. KBH delivered a positive earnings report after the bell yesterday. Big banks are schedule to start releasing 4Q earnings tomorrow. Defense-secretary nominee Pete Hegseth's confirmation hearing before the Senate Armed Services Committee begins this morning. European shares are moving higher this morning and oil prices are trading lower in the pre-market.

The dollar index soars to its highest level since late 2022, prompting the PBOC to ramp up efforts in a bid to protect the yuan. Chinese trade data for December beats expectations. Asian equities start the week slowly following Friday's negative session on Wall Street and the strong December U.S. jobs print. In energy news, Brent rallies to top $81 per barrel on the back of new U.S. sanctions on Russian crude – its highest level for four months. And in Los Angeles, residents are braced for strong Santa Ana winds to return as the death toll from last week's wildfires rises to 24. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Global markets are spooked by elevated yields with the 10-year Treasury yield sitting at a near-eight month high while UK Treasury seeks to reassure investors rising gilts. In China, yields also rise as the yuan hits a 16-month low. The PBOC moves to suspend treasury buying due to a shortage of available bonds. X owner Elon Musk reiterates his support for Germany's AfD during a livestream conversation with leader Alice Weidel. In aviation news, Airbus delivered 766 jets in 2024, slightly missing expectations. However the French plane maker maintains its lead over rival Boeing for the sixth year running. Wall Street futures point lower following Christmas with investors now eyeing December's non-farm payroll data due out later today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this week's Live from the Vault, Andrew Maguire dives into the forces reshaping gold and silver markets in 2025, examining how surging physical demand and Basel III regulations drive a structural shift in pricing dynamics.Andrew unveils his bold forecast for gold and silver, then explores the growing impact of dedollarisation and central bank buying in accelerating the transition to a more transparent, physically backed market system.Ask your questions for Andy here: https://forum.kinesis.money/forums/questions-for-lftv-live-from-the-vault.80/ __________________________________________________________________00:00Start02:45The short-term New Year action following December's COMEX-driven sell-off.05:45How Basell III regulations push the price of gold higher.12:05Gold charts: The disparity between physical gold and paper gold markets.16:20Gold charts: a detailed forecast for 2025 (PBOC, COMEX & Basel III)41:45Silver market analysis and price predictions.52:30The impact of recent geopolitical tensions on precious metals markets. __________________________________________________________________Sign up for Kinesis on desktop:https://kinesis.money/kinesis-precious-metals/?utm_source=youtube&utm_medium=video&utm_campaign=lftv_20Silver,Silver Bull,Silver deficit,precious metals expert,silver price,silver price forecast,Andrew Maguire,andrew maguire silver,next for gold and silver,gold and silver price,precious metals,precious metals investment,gold and silver markets,kinesis,kinesis money,silver rally,Silver short,gold price,LBMA,Central Banks,Fed,Gold Price 2024,gold revaluation,Gold breakout,Silver breakout,China,Russia,India,Gold,PBOC,BRICS,CME Gold LaunchDownload the Kinesis Mobile app - available App Store and Google Play:Apple: https://kms.kinesis.money/signupGoogle: https://play.google.com/store/apps/details?id=com.kinesis.kinesisappAlso, don't forget to check out our social channels where you can stay up to date with all the latest news and developments from the team.X: https://twitter.com/KinesisMonetaryFacebook: https://www.facebook.com/kinesismoney/Instagram: https://www.instagram.com/kinesismoney/Telegram: https://t.me/kinesismoneyTikTok: https://www.tiktok.com/@kinesismoney

APAC stocks were mostly subdued in the absence of a lead from Wall St owing to the National Day of Mourning.US President-elect Trump said Russian President Putin wants to meet and 'we' are setting it up.Fed's Bowman (voter) said she supported the December rate cut as a final step in policy calibration.European equity futures indicate an uneventful cash market open with Euro Stoxx 50 future -0.1% after the cash market closed with gains of 0.4% on Thursday.USD is broadly firmer vs. peers, EUR/USD continued to pivot around 1.03, Cable remains sub-1.23.Looking ahead, highlights include US & Canadian Jobs, US UoM Survey, Chinese M2 Money Supply, FDI, Loan Growth, earnings from Sainsbury's, Tilray, Delta Air, Walgreens Boots Alliance & Constellation Brands.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Wall Street a beau avoir fait relâche hier, les Etats-Unis ont hanté le reste du monde financier. Via les outrances de Donald Trump, évidemment, mais aussi via le dollar, qui donne des maux de têtes à tout le monde. La dernière grosse échéance de la semaine est d'ailleurs prévue outre-Atlantique, où les chiffres de l'emploi de décembre attendus dans l'après-midi donneront de nouvelles indications sur la politique de taux de la Fed.

APAC stocks were ultimately mixed with most major indices higher although the gains were capped following the negative handover from the US.PBoC is reportedly to plan a policy overhaul as pressure mounts on the economy; likely it would cut interest rates at an appropriate time.European equity futures indicate a slightly softer cash open with Euro Stoxx 50 futures down 0.1% after the cash market closed higher by 0.5% on Thursday.USD is a touch softer, EUR/USD remains on a 1.02 handle, and Cable is sub-1.24.Looking ahead, highlights include German Unemployment Rate, US ISM Manufacturing PMI, US House Speaker Vote, Fed's Barkin & ECB's Lane.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

Listen for the latest from Bloomberg NewsSee omnystudio.com/listener for privacy information.

In this week's Live from the Vault, Andrew Maguire examines the recent gold retracement rally, driven by physical demand reclaiming control from speculative momentum traders, and delves into the central banks' quiet revaluation process.Andrew also highlights China's strategic gold acquisitions and the PBOC's game-changing efforts to bolster the yuan with gold-backed reserves, while Basel III pressures heighten risks of a COMEX default amid soaring delivery demands.Ask your questions for Andy here: https://forum.kinesis.money/forums/questions-for-lftv-live-from-the-vault.80/ __________________________________________________________________Timestamps: 00:00 Start01:40 Andrew discusses the recent gold retracement rally06:50 Gold chart: Andrew's analysis of recent price action16:45 Gold chart: Short-term market outlook20:20 Andrew on China's gold purchases and PBOC efforts32:45 Could a Sino-Russian currency revalue global gold reserves? __________________________________________________________________Sign up for Kinesis on desktop:https://kinesis.money/kinesis-precious-metals/?utm_source=youtube&utm_medium=video&utm_campaign=lftv_191Download the Kinesis Mobile app - available App Store and Google Play:Apple: https://kms.kinesis.money/signupGoogle: https://play.google.com/store/apps/details?id=com.kinesis.kinesisappAlso, don't forget to check out our social channels where you can stay up to date with all the latest news and developments from the team.X: https://twitter.com/KinesisMonetaryFacebook: https://www.facebook.com/kinesismoney/Instagram: https://www.instagram.com/kinesismoney/Telegram: https://t.me/kinesismoneyTikTok: https://www.tiktok.com/@kinesismoney

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of Nvidia earnings and existing home sales. In the UK – a preview of the upcoming G20 summit. In Asia – a preview of the PBOC's upcoming rate decision and also the G20 summit. See omnystudio.com/listener for privacy information.

What would YOU like to hear about on Bloomberg? Help make shows like ours even better by taking our Bloomberg audience survey.Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of Nvidia earnings and existing home sales. In the UK – a preview of the upcoming G20 summit. In Asia – a preview of the PBOC's upcoming rate decision and also the G20 summit. See omnystudio.com/listener for privacy information.

There are some things we need to know about who is actually buying stocks. Yields on the rise - estimate that they could be moving up to what level? Big tech earnings on tap - how will markets react? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATIONS ? Warm-Up - Gold on a tear - not just gen pop buying - Elephants buying up stocks - The BIG reveal - Musk giving away $ - E-Coli Alert Markets - Yields cranking higher - steepening means.... - A bit of profit taking ahead of tech earnings (next week) - More Tax abatements - Markets look a little tired.... Treasury Rates - The U.S. 10-year Treasury yield rose above 4.11% on Monday as investors awaited a flurry of speeches from Federal Reserve policymakers. - This is a far cry from the lows before the latest rate cut about a month ago. - Elections and debt loads are weighing as are the latest strong economic numbers Yield Curve This too... - The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday. - The deficit came despite record receipts of $4.9 trillion, which fell well short of outlays of $6.75 trillion. - Government debt has swelled to $35.7 trillion, an increase of $2.3 trillion from the end of fiscal 2023. - Interest expense for the year totaled $1.16 trillion, the first time that figure has topped the trillion-dollar level. (23% of receipts are used for debt service) - The CBO expects deficits to continue to rise, hitting $2.8 trillion by 2034. On the debt side, the office expects it to rise from the current level near 100% of GDP to 122% in 2034. The Big Reveal - The central bank of the Czech Republic added to positions in some of the biggest tech names among U.S.-traded stocks, as well as increasing a bet on Warren Buffett. - Czech National Bank Bought Up Palantir, Nvidia, Apple, and Berkshire Stock - Here is my take.... (Central Banks reporting to other options as they are strapped and backs against the wall. They know they have enough firepower to pump stocks to try to dig themselves out of a death spiral of debt) - Is it legal - yes. Is it good for markets, yes. Is it dangerous? Yes and no - if you can print money - who cares? More... Let's not forget about China rolling out $112 Billion scheme to bolster stocks - China's central bank kicked off two funding schemes on Friday that will initially pump as much as 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools. - The central bank also launched a relending program, initially worth 300 billion yuan, that would allow financial institutions to borrow from the PBOC to fund share purchases by listed companies or their major shareholders. - 1.75% is the rate to borrow and buy stocks Revealed - Just a quick look.... - The Swiss National Bank has 20% of its assets in equities. - The Bank of Japan buys Japanese ETFs as part of its domestic money market operations, but it doesn't buy foreign stocks. - The Bank of Finland does invest in equities - Norges Bank, the central bank of Norway, buys stocks. - Bank of Finland buys stocks - Last quarter - Norway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion) - - - To date, the fund has put money in more than 8,760 companies in 71 countries around the world. NO TAXES! - Donald Trump said he'd consider exempting police officers, firefighters, active duty military and veterans from paying taxes - Why not just have no taxes for everyone? --- UPDATE:  Former President Donald Trump's tax r...

S&P Futures are moving lower this morning as the market prepares for a host of earnings announcements this week. China's PBOC lowered two of its short-term lending rates this morning. Shares of Boeing are higher this morning as a deal to end the months-long strike is said to have been reached. Merger talks between Humana and Cigna are said to have restarted. Starboard appears to have taken a stake in KVUE. Tuesday morning earnings announcements are schedule for GE, GM, MMM, MCO, LMT, RTX, TXN, & VZ. In Europe, markets are lower with banks and insurance stocks moving lower. Oil prices are higher by more the +1.50% this morning.

The PBOC cuts its benchmark lending rate to provide more support for the economy. The Shenzhen Composite moves higher as a result. In the U.S., Wall Street posts its longest streak of weekly gains so far this year on the back of lower rates and earnings optimism. Fitch confirms Italy's credit rating and boosts its outlook to ‘positive' in a sign the euro zone's third largest economy is on the right track. And overnight in Lebanon, Israel targets Hezbollah-linked banks.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

S&P Futures are showing gains this morning due to economic and earnings news. China economic numbers came in better than expected & the PBOC indicates more stimulus to come. last night NFLX released a positive earnings report. Shares of SLB & PG are fractionally higher after releasing earnings this morning. CVS replaced its CEO and slashed its quarterly guidance. Nike credit rating was downgraded last night, and revenue is expected to contract next year. In Europe, markets are mostly higher with autos and luxury stocks showing gains. Oil prices have given up early morning gains and is now lower.

Asian markets remain sanguine on China's slowest GDP growth in more than a year as the PBOC's raft of stimulus measures kick in. Bridgewater Associates founder Ray Dalio tells our colleagues in Singapore that the central bank's support needs to be more focused. We hear from IMF managing director Kristalina Georgieva who says that while governments need to head off high levels of debt, she is optimistic about reining in inflation. The ECB delivers a back-to-back rate cut for the first time in 13 years. The move is due to weak economic data and slow progress in tackling inflation within the euro zone with ECB president Christine Lagarde indicating more cuts will be needed. Netflix posts its most successful quarter ever, beating expectations and adding 5 million new customers. In Gaza, Israeli troops kill Hamas leader and the October 7th attacks mastermind Yahya Sinwar. Prime Minister Benjamin Netanyahu has hailed his death as ‘the beginning of the end' for the conflict. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

FOMC minutes show greater splits over last month's jumbo 50bps rate cut than initially thought but sanguine U.S. equities shrug off news about September's Fed decision. In Asia, Chinese stocks extend gains amid heavy trading volumes as the PBOC's 500bn yuan stimulus measures come into effect. Germany downgrades its growth forecasts, now guiding for a second year of recession. Economy Minister Robert Habeck claims the government is seeing progress in tackling both the country's structural problems and global challenges. Airbus deliveries are down 9 per cent in September but the plane maker believes it will achieve FY targets in the final quarter. And in the U.S., up to 2 million people are without power after Hurricane Milton smashes into Florida's central Gulf Coast and barrels inland, now downgraded to a Cat 2 storm. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

FOMC Minutes stated that some officials would have preferred a 25bps cut, though a substantial majority supported 50bpsBiden-Netanyahu call was positive; US does not yet know the timing of the strike against IranAPAC stocks traded higher, significant outperformance in Hong Kong on fresh PBoC support. European futures point to a slightly firmer openDXY rangebound, NZD & AUD outperform given the above and after Wednesday's pressureFixed benchmarks remain near Wednesday's lows while Crude continues to move higherLooking ahead, highlights include Italian Industrial Output, US CPI, Initial Jobless Claims, US Federal Budget, NZ Manufacturing PMI, Chinese M2 Money Supply, ECB Minutes, Tesla Robotaxi Event, AMD AI Event, Speakers including Fed's Cook, Barkin & Williams, Supply from US, Earnings from Domino's Pizza & Delta.Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

As the PBOC and Fed shift their stances on rates and liquidity flows, the macro landscape is evolving rapidly. In this episode of Bits + Bips, we unpack how these policy changes could spark a massive surge across all asset classes—from equities and bonds to Bitcoin and crude oil.  The hosts, joined by Nikos Kargadouris, a seasoned trader, discuss why liquidity is about to flood the markets, why fears of a U.S. recession may be overblown, and how even memecoins could benefit.  Plus, are central banks close to buying bitcoin ETFs? Show highlights: How the PBOC's shift in policies impacted the markets and when we'll see a “bazooka” How market complacency and short positions on oil amid geopolitical tensions could lead to mispricing and unexpected volatility How rising crude oil prices could slow the U.S. economy, despite the country being a net oil exporter How strong payrolls data reduced market expectations of U.S. rate cuts Why predictions of a U.S. recession might be off Whether it matters for crypto who wins the elections  The chances of central banks adopting Bitcoin What the outlook for memecoins looks like in the next months Whether the HBO documentary about the identify of Satoshi Nakamoto will be a disappointment  Sponsors: Gemini Stellar Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Joe McCann, Founder, CEO, and CIO of Asymmetric Guest: Nikos Kargadouris, Chief Investment Officer of a private investment office specializing in cross-asset thematic macro and digital asset strategies. Timestamps: 00:00 Intro 02:09 Impact of the PBOC's policy shift and timing of the “bazooka” 15:01 Oil mispricing and volatility due to geopolitical tensions 27:30 Rising oil prices and potential U.S. economic slowdown 35:51 Strong payrolls reducing expectations for U.S. rate cuts 44:11 Why U.S. recession predictions might be wrong 50:10 Can prediction markets reflect U.S. election outcomes? 56:05 Does the election winner matter for crypto? 1:04:43 Memecoin outlook for the next months 1:15:34 Will the HBO documentary disappoint? Learn more about your ad choices. Visit megaphone.fm/adchoices

Chinese equities come crashing back to Earth, snapping a 10-day winning streak following the PBOC's recent stimulus measures as economic realities sober up markets. Stateside, the DoJ is considering a break-up of Google following August's landmark monopoly ruling. French Prime Minister Michel Barnier's fledgling government survives a parliamentary vote of no-confidence as he prepares to launch his budget plans to cabinet tomorrow. And in Florida, Hurricane Milton has once again been upgraded to a Category 5 storm with authorities urging Gulf Coast residents to leave the region. President Biden has warned evacuation is now a matter of life and death. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Our Chief China Economist Robin Xing and Chief China Equity Strategist Laura Wang discuss how markets have responded to rate cuts and commitments to government spending, and what they could mean over the long term.----- Transcript -----Laura Wang: Welcome to Thoughts on the Market. I'm Laura Wang, Morgan Stanley's Chief China Equity Strategist. Robin Xing: And I'm Robin Xing, Morgan Stanley's Chief China Economist.Laura Wang: All eyes have been on China this past week, and today we'll discuss why recent news from China's policymakers have commanded the attention of global markets.It's Thursday, October the 3rd, at 4pm in Hong Kong.So, Robin, China has been wrestling with the triple macro challenge of debt deflation and demographics -- what we call the three Ds -- for some time now. Last week, China's central bank, PBOC, announced a stimulus package that exceeded market expectations. And then later in the week, top China Communist Party officials, known as the Politburo, focused their monthly meeting on economics, which is not their usual practice.This meeting was a positive surprise to both us and the market. Let's start with the PBOCs easing package. For listeners who haven't been following China's economy closely, what's our current view on China's economy and can you walk us through the policy measures that the central bank introduced?Robin Xing: China's economy has been struggling lately and that's pushed the Beijing to pivot approach. Over the last 18 months, they have tried smaller, reactive measures. But now, they are doing something much bigger. On September 24, the People's Bank of China, PBOC, made a bold move, cutting interest rates and introducing new tools to support the stock market.Now, these cuts might sound small, just 20 basis points, but they are pretty rare in China. They also cut the reserve requirement ratio, which is a fancy way of saying banks can lend more money by 50 basis points. And for the first time, the central bank gave forward guidance, signaling even more cuts could come by year end.On top of that, the PBOC launched two big programs, a 500 billion yuan fund to help investors buy stocks, and a 300 billion yuan program to help companies buy back their own shares. These moves gave a much-needed boost to both the markets and consumer confidence.Laura Wang: And how about the Politburo meeting that came on the heels of the PBOC announcement? What exactly did it focus on?Robin Xing: The Politburo meeting was a rather critical moment. Normally, they don't even talk about the economy in September. But this year was different. It really signaled how urgent things have become.They made it clear they are ready to spend more. The government is pledging to increase public spending because other parts of the economy, like corporates and consumers, are holding back. There is also a big focus on the housing market, which has been in decline since 2021. They are promising to stop that slide, and it's the strongest commitment we have seen so far.Laura Wang: So, given everything we've seen from the PBOC and the Politburo, do you think this is a ‘whatever it takes moment' to address the macro challenges facing China's economy?Robin Xing: Not quite, but it's close. We are seeing the start of what's going to be a bumpy recovery. The deflation problem, where prices are falling and people are not spending, is complicated.Beijing seems open to trying different approaches, but fixing the deeper issues -- like the struggling housing market and the local government debt -- it's going to take a lot. In fact, we think China might need to spend about 1-1.5 trillion dollars over the next two years to really turn things around.Right now, the measures they have announced are smaller than that. That's because these are new policies. And they still need to build consensus and work out the details. So, while this isn't a ‘whatever it takes moment' yet the mindset has definitely shifted in that direction.Laura Wang: In this case, what are the next steps you are monitoring for China's policymaker and how long will the various measures take to implement?Robin Xing: We expect to see a supplementary budget of 1-2 trillion yuan announced at the upcoming NPC Standing Committee meeting in late October. This budget should focus on boosting consumer spending, increasing social welfare, and helping local governments managing their debt. We will likely see more monetary easing too.As well as tweaks to the Housing Inventory Buy Back program. These steps should help the economy grow slightly faster, possibly hitting a 5 per cent quarter on quarter growth over the next two quarters, compared to the 3 per cent we have seen recently.Looking ahead, we will get more clues at the December Central Economic Work Conference. That's when we might see the first signs of plans to use central government funds to tackle housing and local government debt issues. The full details could come in March 2025. If things don't improve quickly, and especially if social unrest starts to rise, Beijing may have to act even more aggressively.We are keeping an eye on our social dynamics indicator, which tracks how people feel about jobs, welfare and income. If that dips further, it could push the government to ramp up stimulus measures.Laura, turning it over to you. How are stock markets reacting to all this policy signaling from China?Laura Wang: I would say to say that the market has responded very enthusiastically is an understatement. I'll give you some numbers.On the first day of the PBOC announcement, the Shanghai Composite Index, as well as the Hong Kong Market Hang Seng Index, were both up by more than 4 per cent in one single day. Then with the further boost from the surprise Politburo meeting -- by now, both the Shanghai Composite Index and the Hang Seng Index have already been up by more than 21 per cent in just one week's time.Robin Xing: Within the China stock market, which sectors and industries do you think will most benefit from the shift in policy?Laura Wang: There are a few ways to position to benefit from this major market condition change. We have a list of companies that we believe will directly benefit from the PBOC market stabilization funding, given the funding's low cost compared to these companies implied re-rating opportunity, just by tapping into the funding and enhancing their shareholder returns.For the potential reflationary fiscal efforts suggested by the Politburo meeting, as more details come out, I think sectors with good exposure to reflation, particularly the private consumption, will benefit the most -- given their still relatively low valuation, large market cap and high liquidity.Robin Xing: Finally, Laura, what are your expectations for the markets in China and outside of China for the next few weeks and months?Laura Wang: Clearly this rally so far is reflecting significant sentiment improvement and capitals that are willing to take a leap of faith and preposition for physical reflationary efforts ramp up. If the government can deliver these measures in a timely fashion, and more importantly, on top of that, communicate their commitment to winning this uphill battle against deflation, I think further valuation re-rating is quite possible for both the Asia market and the Hong Kong market by another 10 to 20 per cent.To go beyond that level, we need to see clear signs of a corporate earnings growth reacceleration, which would require incrementally more easing to come along in the next few months. We should also monitor the housing market inventory level very closely because any earlier completion of this inventory digestion could suggest less drag on demand investment.Obviously, there are still a lot of moving parts and it's still a very much evolving story from here. Robin, thanks for taking the time to talk.Robin Xing: Great speaking with you, Laura.Laura Wang: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

Not content to leave it with the PBOC's Oprah-fest of rate cutting, China's central authorities announced what's being called a massive stimulus push. The response has been near-euphoria in Chinese and other stocks, but the opposite in more crucial markets and places. All the more curious given how much other "stimulus" is being offered around the world, central bank rate cuts that are accelerating. Eurodollar University's Money & Macro AnalysisThe Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work.https://www.gov.cn/yaowen/liebiao/202409/content_6976686.htmReuters Exclusive: China to issue $284 billion of sovereign debt this year to help revive economyhttps://www.reuters.com/markets/asia/china-issue-284-bln-sovereign-debt-this-year-help-revive-economy-sources-say-2024-09-26/https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

The PBOC's rate cuts come into effect with trillions of yuan worth of further stimulus measures potentially due next week. Beijing's stimulus blitz causes Chinese equities to soar with markets on track to notching their best week since 2008. Commerzbank and Unicredit sit down for negotiations for the first time since the Italian lender aggressively increased its stake. Commerzbank shares are at their highest level in more than a decade on the back of upgraded targets. We are live in Tokyo where voting is underway to decide the next leader of the ruling LDP party.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

S&P futures are pointing to a lower open today, down (0.14%). Asian equities closed mixed for the day, while European equity markets are broadly lower in early trades. Chinese equities were slow to advance further following Tuesday's rally. The initial impact of China's stimulus measures is also diminishing in European markets, though the sentiment remains largely positive in the APAC region. Strategists note potential upside for market PE ratios, with sectors like high-dividend stocks, internet platforms, financials, and property developers expected to benefit. Economists are optimistic about the PBOC's easing measures but emphasize the need for additional fiscal support to stimulate private consumption.Companies Mentioned: KKR, Lifeway Foods, SAP

Commerzbank promotes CFO Bettina Orlopp to CEO as the German lender faces takeover advances by Italy's Unicredit. Chinese equities see an extended rally following the PBOC's decision to slash the medium-term lending rate as a part of a string of stimulus measures by the central bank. The move boosts the yuan to a 16-month high. On Wall Street, the Dow and S&P 500 record new record highs, shrugging off disappointing recent consumer confidence data. Israeli airstrikes kill a senior Hezbollah commander as well as hundreds of civilians. The Israeli President Isaac Herzog tells CNBC his country will ‘do whatever it takes' to protect its citizens and cities. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

S&P futures are indicating a higher open today, up +0.22%. Following China's policy easing announcements, Asian equities closed mostly higher, with Shanghai Composite and Hang Seng recording substantial gains. European equity markets are also higher in early trades. In today's highlight, PBOC announced measures to stimulate China's economy, including a 50 bps cut to the RRR to release CNY1T in liquidity, with potential further cuts by year-end. The 7-day reverse repo rate will decrease by 20 bps to 1.5%, and interest rates on existing mortgages will be reduced, alongside a nationwide reduction in the down payment ratio for second homes to 15%. China will also allow funds and brokers to use central bank funding for stock purchases and establish special refinancing options for share buybacks. Companies Mentioned: Chevron, Liberty Broadband, Visa, Brookfield Asset Management

PBOC's bold moves creates a $113B stimulus package! Is this a quick fix or the start of deeper economic woes? A correction is coming at some point. Experience gold like never before—own spendable 24K GoldNotes today and secure your wealth with real, affordable gold in hand! http://buygoldnotes.com China has taken a number of steps to steady its financial markets and boost growth in reaction to its economy slowing down. This includes more than $113 billion in cash aid, lower interest rates, and efforts to make the stock and real estate markets stronger. But will these steps be enough to fix long-term problems with growth and win back the trust of the market? We look at how China's People's Bank is supporting the economy, the purpose of buying back shares, and how markets around the world are responding in this video. Can China reach its goal of 5% growth? Start investing in silver with automatic monthly shipments starting at 1 oz, and earn cash by helping others join. Visit http://mysilverteam.com for more details. Get your 2024 Trump Silver Presidential Medal here: https://bit.ly/TrumpSilver Secure & Preserve your future against market & government unpredictability. Visit https://colonialmetalsgroup.com/rtd or call 888-521-2448 to speak with the experts today. Get your questions answered about a Self-Directed IRA. Special offer: You'll receive a safe and up to $10,000 in free silver from Colonial Metals Group. Support the RTD Mission: Our goal is to educate through video & written articles a contrarian viewpoint against mainstream lies in order to wake up the masses. Any contribution to the mission helps. Thanks in advance!!! https://www.rethinkingthedollar.com/donate/ DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar." Views expressed in this video should not be relied on for making investment decisions or tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education and entertainment only.

Asian equities hit a two-and-a-half-year high following stimulus measures from Beijing. The PBOC cuts the seven-day reverse repo and the RRR in a bid to shore of up the country's floundering property sector. Our CNBC TV 18 colleagues sit down with JP Morgan Chase CEO Jamie Dimon who says markets should remain cautious despite last week's historical rate cut by the Fed. On Wall Street, the Dow and the S&P 500 notch new records as the Fed cut relief rally continues this week. German Chancellor Olaf Scholz slams Unicredit after the Italian lender increases its stake in Commerzbank to a potential 21 per cent. And we are live at the Labour Party conference in Liverpool where chancellor of the exchequer Rachel Reeves defends the government's public finance decisions and says her budget next month will provide ambition rather than austerity. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

US futures are indicating a softer open. European equity markets are mixed and Asian markets were mostly higher. Markets are still reacting to last week's Federal Reserve rate cut, with futures indicating a 50% chance of another cut in November. In China, the PBOC reduced its 14-day reverse repo rate by 10 basis points ahead of the upcoming Golden Week holiday. This move follows weak macro data for August and comes as CNY1.5 trillion in funds are set to mature this week. In Japan, takeaways from the recent BOJ meeting, and Governor Ueda's press conference, leaned dovish, signaling a potential delay in rate hikes to December.Companies Mentioned: Intel, Tesla, BMW, Volkswagen, Vail Resorts

China surprises by slashing its key short-term repo rate and announcing a rare economic press conference which triggers speculation of further stimulus measures from Beijing. In France a new government drawn together by Prime Minister Michel Barnier is under threat from a vote of no confidence over his ministerial choices. Apollo Global Management is reportedly eyeing a $5bn investment in Intel while Qualcomm reaches out with a friendly take-over bid. And Rupert Murdoch's REA Group ups its takeover offer for UK property firm Rightmove following last week's initial rejection.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

S&P Futures are weakening this morning as the markets react to more cental bank decisions. The economic calendar is light today. Overnight, Lennar, Fed Ex and MillerKnoll released disappointing earnings. The BOJ and the PBOC left rates unchanged, markets were expecting a rate cut from the PBOC. Nike's CEO announced his retirement. Autos are weak as Mercedes trimmed its forecast amid ongoing weakness in China. Chip stocks are also falling. In Europe, markets are pulling back as autos, luxury and tech stocks fall. Oil prices are edging lower as China's PBOC left rates unchanged overnight.

US futures are indicating a flat open. European equity markets are trading lower, following a mixed session in Asia where equities finished with minor gains and losses. Market attention is focused on central bank decisions this week, with the Fed, BoE, BoJ, and PBoC all on the agenda. A majority of economists anticipate a 25 basis points Fed rate cut, though markets are positioning for a potential 50 basis points cut at Wednesday's FOMC meeting. Yen strength is the main story in FX markets. Another round of soft Chinese economic data has increased concerns over the country's ability to meet its 2024 growth target. Companies Mentioned: Blackstone, Walt Disney, Amazon, Samsung, Xiaomi

S&P futures are indicating a higher open today, up +0.13%. Asian markets finished Monday trading mixed, and European equity markets are also mixed in early trades. For today's highlight, the PBOC left the MLF rate unchanged while draining a net CNY101B after a delayed operation. The yuan's midpoint fixing is the strongest since mid-June, with policymakers focusing on preventing sharp appreciation. Economists have lowered their 2024 forecasts for China's inflation, investment, and consumption due to weak domestic demand, despite expected rate cuts. Retail sales growth is projected at 4%, the lowest outside the pandemic, and fixed asset investment is down to 4.2%. The CPI forecast is reduced to 0.5%. Companies Mentioned: Intel, Visa, Carlyle, Blackstone, Paramount Global, Coupang

While the world was distracted by US recession provoking a Japanese stock market crash, China was continuing to meltdown. In just the past few days the country reported: a record drop in foreign money fleeing China; the first contraction in bank lending to the real economy in nineteen years; record low market interest rates; and the PBOC going off the rails trying to derail that bond rally. And we thought China was in rough shape...last month. Eurodollar University's Money & Macro AnalysisBloomberg China Goes to New Extreme in Crackdown on Bond-Market Frenzyhttps://www.bloomberg.com/news/articles/2024-08-13/china-goes-to-new-extremes-in-crackdown-on-bond-market-frenzyBloomberg China Regulators Tell Some Rural Banks to Renege on Bond Tradeshttps://www.bloomberg.com/news/articles/2024-08-12/china-regulators-tell-some-rural-banks-to-renege-on-bond-tradesBloomberg China Brokers Curb Bond Trading Amid PBOC Warnings on Rallyhttps://www.bloomberg.com/news/articles/2024-08-12/chinese-brokers-curb-bond-trading-amid-warnings-on-rallyBloomberg China Asked State Banks to Keep Record of Government Bond Buyershttps://www.bloomberg.com/news/articles/2024-08-09/china-s-state-banks-asked-to-record-buyers-of-government-bondshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

China's dollar woes have jumped in recent months, so much that they've come out of the eurodollar shadows enough to impact the onshore banking system in an unexpected way. Foreign holdings of negotiable bank CDs have exploded. We'll discuss what that means and how it relates to China's dollar shortage and the surprise set of rate cuts announced by the PBOC earlier today.Eurodollar University's Money & Macro AnalysisBloomberg Global Funds Pile Up Nearly a Trillion Yuan of China Bank Bondshttps://www.bloomberg.com/news/articles/2024-07-22/global-funds-pile-up-nearly-a-trillion-yuan-of-china-bank-bondsBloomberg China Surprises With Rate Cut After Xi's Big Meeting Disappointshttps://www.bloomberg.com/news/articles/2024-07-22/pboc-cuts-seven-day-reverse-repo-rate-to-1-7-to-support-economyhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Chinese authorities are becoming increasingly desperate over their inability to stabilize any of the economy, banking system, or markets. CNY keeps going down, as does the economy. Banks in China aren't lending while dozens are now 'disappearing.' Safety/liquidity of government bonds makes perfect sense. Not to the PBOC which is going to be shorting it by hundreds of billions and this is why.Eurodollar University's Money & Macro AnalysisEURODOLLAR UNIVERSITY ANNIVERSARY SALE PAGEhttps://www.eurodollar.university/anniversary-saleBloomberg Closer Yen, Yuan Correlation Is Danger Sign for Asian Currencieshttps://www.bloomberg.com/news/articles/2024-07-10/closer-yen-yuan-correlation-is-danger-sign-for-asian-currencies?srnd=economics-v2X Video showing Jiangxi Bank 'protest'https://twitter.com/BitcoinNewsCom/status/1810456112652779538The Economist Why Chinese banks are now vanishinghttps://www.economist.com/finance-and-economics/2024/07/04/why-chinese-banks-are-now-vanishingBloomberg China Merges Hundreds of Rural Banks as Financial Risks Mounthttps://www.bloomberg.com/news/articles/2024-01-31/china-merges-hundreds-of-rural-banks-as-financial-risks-mountBloomberg China's PBOC Readies Multibillion-Yuan Pool of Bonds to Sell by Tapping Major Bankshttps://www.bloomberg.com/news/articles/2024-07-05/pboc-readies-hundreds-of-billions-of-yuan-bond-sale-capacityCNN Chinese government bonds are on fire. That's ringing alarm bells in Beijinghttps://www.cnn.com/2024/07/03/business/china-bond-market-bank-crisis-svb-intl-hnk/index.htmlChina NBS June 2024 CPIhttps://www.stats.gov.cn/sj/zxfb/202407/t20240710_1955508.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Government bond yields in China just plunged to more record lows as market agents are growing even more pessimistic. The unquenchable demand for safe and liquid assets has the PBOC getting ready to sell bonds into a marketplace that is increasingly concerned about a lot more than Chinese issues. More strong evidence for globally synchronized.Eurodollar University's Money & Macro AnalysisBloomberg Economists Raise China Growth Forecasts as Exports Improvehttps://www.bloomberg.com/news/articles/2024-06-25/economists-raise-china-growth-forecasts-as-exports-improveBloomberg El-Erian Says Slowing Economy Raises Fed Policy-Error Riskhttps://www.bloomberg.com/news/articles/2024-06-28/el-erian-says-slowing-economy-raises-fed-policy-error-riskBloomberg A $100 Billion Bet on China's Economy Sours as Warehouses Emptyhttps://www.bloomberg.com/news/articles/2024-07-01/china-s-third-plenum-and-what-it-means-for-tax-reform-and-supply-chains?srnd=economics-v2https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture The green new scam is finished, they can't even control the narrative. Dollar stores are either closing or charging way more than a dollar. Biden is bribing the young with loan cancellation. Countries are now accumulating gold in mass. The [DS] is now putting everything in place for the approaching election. They are now setting it up so they can control the flow information by going after the ISPs. Commissioner Carr is now warning the people. We have gone from dark to light. FBI/DOJ send warning of lone wolves from ISIS. Fake news warns about how the Post Office cannot handle mail-in ballots. Scavino sends a message to watch the water.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/libsoftiktok/status/1777410754179740114 Dollar Tree Shoppers Revolt Over $7 Items  On March 13, Dollar Tree CEO Rick Dreiling told investors during a conference call, "This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7." Discount retailer Dollar Tree has sparked a revolt among some of its customers after increasing the price cap of items to $7 across thousands of stores nationwide. "If it were really going to go up like $7 … that'd be too much. I'd rather just get everything at Walmart," Scott Kolack, a Dollar Tree regular, told WPTV-TV (West Palm Beach). "Over time, you will also see us fully integrate multi-price merchandise more into our stores so our shoppers will find $5 bags of dog food next to our traditional $1.25 pet treats and toys, and our $3 bags of candy will be found in the candy aisle," Dreiling said. Source: zerohedge.com https://twitter.com/WallStreetSilv/status/1777403354320142376 Biden Announces New Student Loan Forgiveness Plan for More Than 30 Million Borrowers The Biden administration on Monday unveiled a new student loan forgiveness plan aimed at offering relief to more than 30 million borrowers. The new plan would cancel up to $20,000 of accrued interest for every borrower regardless of income, with complete forgiveness of outstanding interest for low- and middle-income borrowers participating in an income-driven repayment plan, according to a White House statement on Monday. Source: freebeacon.com https://twitter.com/EndWokeness/status/1777368397124186489 https://twitter.com/KobeissiLetter/status/1777678521688543502   in just 1 year and 250 square feet since 2016. The new reality is that people are paying more to get less with many goods and services. Affordability will never go back to pre-pandemic levels. https://twitter.com/RichAStern/status/1777534309273874722 https://twitter.com/Fxhedgers/status/1777425983286427902  the resilience in the U.S. economy since the end of the pandemic has mostly been due to the labor market, but this might start to slow down in the near future. "You haven't had that weakness in labor markets that, I think, you normally would have had and would have [caused] a recession [in 2023]," he told CNBC. "That doesn't mean we won't have one, but it means whatever it is, it's delayed." https://twitter.com/WallStreetSilv/status/1777449659209802231 the PBOC has now bought Gold for a straight 17 months, and the Russian Central Bank will accelerate the buying from this month (crude goes up so their FX goes up). We can see parabolic moves if the retail crowd in the West also jumps in! Political/Rights DOJ Refuses to Hand Over Audio Recordings of Biden's Special Counsel Interview After Transcrip...