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On March 15, the Israel Defense Forces (IDF) issued a statement saying that it continued its strikes against ballistic missile and drone systems in western and central Iran. The statement indicated that the IDF, based on intelligence, struck a drone launch team inside a hangar in western Iran. The statement also said that since the start of the current conflict, Israel has struck hundreds of air defense systems, ballistic missile launchers, and related infrastructure in Iran.Danish Prime Minister: I am very grateful for Canadas support when the US pressured Greenland.March 15th - According to the Ministry of Emergency Management, while the overall national work safety situation has remained stable this year, several major accidents with fatalities have occurred recently. On March 13th, an accident at an auto parts company in Zhaoqing, Guangdong, resulted in 3 deaths and 4 injuries; on March 14th, a fire at a self-built house in Meizhou, Guangdong, resulted in 3 deaths and 2 injuries; on the same day, a rock climber fell near Yanlie Mountain in Jiujiang, Jiangxi, resulting in 3 deaths; and on March 15th, a mechanical injury accident at an auto parts company in Yantai, Shandong, resulted in 3 deaths. On March 15th, the State Councils Work Safety Committee Office decided to supervise the investigation of these four accidents, requiring relevant local authorities to conduct investigations at a higher level according to the principle of "four no-tolerance" (no letting go of any aspect of the accident investigation), and to hold those responsible accountable according to law and regulations. An emergency notice was also issued regarding recent major accidents, requiring lessons to be learned from these incidents, resolutely preventing and curbing major accidents, effectively preventing a resurgence of serious and dangerous accidents, and ensuring the continued stability of the national work safety situation.The Nordic countries and Canada issued a joint statement announcing their commitment to enhancing their defense industry capabilities in order to accelerate the production of defense products and strengthen combat capabilities.The Nordic countries and Canada issued a joint statement announcing that they will continue to provide economic, civilian, military, and humanitarian assistance to Ukraine.

What is the impact of the Fed’s interest rate cut?

LEO

Oct 25, 2021 13:27

What impact will the Fed's interest rate cuts bring to the global capital market? 

1) US stocks: short-term positive, but the US stocks still have adjustment pressure.  But the long-term trend of US stocks depends on the extent of the recession.

 2) US debt: support the bull market . The trend of 10-year US Treasury interest rates is basically the same as the rhythm of interest rate cuts, but will react in advance.

 3) US dollar: bearish dollar index. The main factor affecting the US dollar index is the relative strength of the US economy with other major countries, especially the Eurozone. The current cycle of the US economy lags behind other countries. In the future, as the US economy accelerates and the Eurozone enters the bottoming stage, the US dollar will have depreciation pressure, and the Fed’s expected interest rate cut will cause the US dollar to depreciate earlier.

 4) Gold: may caused the price of gold to rise, bull market can be expected. The price of gold is affected by the risk aversion and the US dollar.Also, the depreciation of the US dollar is good for gold. On the other hand, the safe-haven value of gold will be greatly reduced compared to the previous rounds of interest rate cuts. 

5) Emerging market stocks: short-term positive, long-term trend depends on economic conditions. The depreciation of the dollar will bring capital inflows to emerging markets, but the long-term trend of the stock market depends on the state of the economy.


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