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On May 18, Israeli Prime Minister Benjamin Netanyahu said that the content of the negotiations between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Doha included a "framework to end the war". On the 17th, the Palestinian Islamic Resistance Movement (Hamas) said that it was holding a new round of negotiations with Israel in Doha, the capital of Qatar, on a ceasefire in the Gaza Strip and the exchange of detained persons. Mahmoud Maldawi, a senior Hamas official, said on the 17th that the negotiations were held under the mediation of Qatar and the United States, and that they were open to all issues without preconditions.Russias Defense Ministry says Russian troops have taken control of the Bahatyr region of Donetsk, Ukraine.On May 18, according to a report by TASS on the 17th local time, Russian Presidents Press Secretary Peskov said on the same day that Russia would not comment on media reports about the so-called conditions put forward by Russia and Ukraine during the talks in Istanbul, nor would it disclose any details about the negotiation process. Peskov said that the negotiations "are being conducted behind closed doors" to ensure that they are fruitful.On May 18, Hong Kong SAR Government Financial Secretary Paul Chan said in his latest blog that looking around the worlds major markets, funds are gradually gathering towards leading innovation and technology companies, as well as future industries with strategic value. Paul Chan said that the flow of international funds, on the one hand, reveals investors judgment and layout of future development trends, and on the other hand, is also a thermometer of market sentiment, reflecting the markets assessment of the political and economic situation. In addition to worrying about the impact of the United States unilateral policies on the global economy and affecting future growth prospects, the market is also worried about the long-term interest rate risk caused by the US government debt. "Since the flow of funds and interest rate trends are subject to multiple internal and external factors and are subject to variables, the Hong Kong SAR government and regulatory authorities will continue to closely monitor market changes and maintain financial stability," Paul Chan said.Russian military: In the past 24 hours, a total of 45 Ukrainian drone control stations were destroyed in the special military operations zone.

Before the PBoC's monetary policy announcement, AUD/JPY recovers strongly from 92.00

Alina Haynes

Feb 20, 2023 11:14

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Despite a difficult start to the Tokyo session at 92.10, the AUD/JPY pair has gained momentum. The risk barometer has recovered to approximately 92.30 and is expected to continue its upward trend in the near future. Ambassador Linda Thomas-Greenfield, the US representative to the United Nations, declared on Sunday that China would cross a "red line" if it sent lethal military help to Russia in response to its invasion of Ukraine.

 

According to Reuters, recent news from public broadcaster NHK that Japan's Coast Guard said North Korea fired three projectiles that may have been ballistic missiles has compounded the already negative market sentiment.

 

When the United States conducted bilateral air exercises with South Korea and Japan in response to the North's ICBM launch on Sunday, Kim Yo Jong, the sister of North Korean leader Kim, warned against the escalating deployment of U.S. strategic weapons on the Korean peninsula.

 

Investors await the People's Bank of China's interest rate announcement for additional guidance (PBoC). Eight out of 10 economists, according to a Reuters poll published on February 17, believe that the PBoC would retain the Loan Prime Rate (LPR) at 3.65%. After the abolition of currency restrictions, China is required to maintain an expansionary monetary policy to stimulate economic growth.

 

Bloomberg stated that Goldman Sachs predicts the MSCI China Index could reach 85 by the end of 2023, a nearly 24% increase from current levels, as the nation's economic opening generates windfall advantages for corporations.

 

Notably, Australia is a major trading partner of China, and the increased economic activity in China will benefit the Australian Dollar.

 

On Tuesday, preliminary Jibun Bank PMI (Feb) data will be released, which will have a substantial impact on the Japanese Yen. The Manufacturing PMI is expected to remain constant at 48.9, whilst the Services PMI is expected to increase from 51.1 to 51.5.

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