Today’s Trading Prospects
Mid-autumn festival Taiwan, Korean stock market closed
China’s August M2 money supply, CPI/PPI data
EU Energy Emergency Conference
Chip delivery time in August was shortened again, reflecting slowing demand for mobile phones and PCs
The latest statistics show that chip deliveries have shortened again in August, indicating that global shortages have eased further as demand for mobile phones and personal computers (PCs) cools, although some chips are still in short supply.Read the full article…
Musk: SpaceX and Apple talked about iPhone satellite communications partnership
Musk, the world’s richest man, revealed on Thursday (8th) that his space exploration company SpaceX has held talks with Apple about the “Starlink” Starlink satellite broadband service to provide emergency communication functions for the iPhone 14 series.Read the full article…
Powell reiterates hawkish remarks, Fed almost certain to raise interest rates by 3 yards in September
Federal Reserve Chairman Jerome Powell said on Thursday (8th) at a seminar hosted by the Cato Institute that the central bank will not back down until it completes its task of fighting inflation. The remarks once again exposed its hawkish stance against inflation, and also strengthened market expectations for a 3-yard (75 basis point) rate hike by the Fed in September.Read the full article…
Queen Elizabeth II dies at 96
platinumQueen Elizabeth II, Britain’s longest-reigning leader and Britain’s titular leader for 70 years, died at the age of 96, the Han Palace confirmed on Thursday (8th). Elizabeth II’s eldest son, Prince Charles, 73, is set to become King of England.Read the full article…