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Real-time News
On March 13, Eckhard Schulte, chairman of the board of directors of MainSky Asset Management, said in a report that nothing can stop the Federal Reserve from cutting interest rates again in June. "This is even more true given that the Federal Reserve has paid more attention to economic growth rather than inflation dynamics when making interest rate decisions." With GDP expected to fall to about 1% in the first quarter, far below the potential growth rate, the Federal Reserve believes that monetary policy is still restrictive. Schulte said that interest rates will be further cut in the second half of the year.According to Interfax: Russias Federal Security Service (FSB) said it had successfully thwarted an attack against Russian military and officials.1. The US CPI data for February was lower than expected across the board, and the swap markets bets on the Feds rate cuts this year have decreased instead of increased. Trump: The latest inflation data is very good news. 2. ECB President Lagarde: Facing "exceptionally high" uncertainty. It is impossible to ensure that inflation will always remain at 2%, but corresponding policies must be formulated to make it converge to 2%. If a large-scale shock occurs, the risk of inflation becoming more persistent will increase. 3. Reuters survey: Most economists expect the Bank of Japan to raise interest rates in July. 4. Japanese Finance Minister Katsunobu Kato: There are currently no plans to revise the joint statement between the government and the Bank of Japan on ending deflation. Japan is gradually moving to an economy where import costs drive up prices rather than wage increases. 5. Bank of Canada-cut interest rates by 25 basis points as expected, saying that increased trade tensions and US tariffs may increase inflationary pressures in Canada and curb economic growth. Governor Macklem: Given the need to assess the upward and downward pressures on inflation, a cautious approach will be taken in further interest rate changes. A 50 basis point rate cut is not seriously considered. Estimates of the neutral interest rate are concentrated at 2.75%. Deputy Governor Rogers: The speed and magnitude of transmission (of tariffs to inflation) are two major uncertainties. 6. The Bank of France lowered its economic growth forecast for 2025 from 0.9% in December to 0.7%, and expects economic growth of 1.2% in 2026 (previously 1.3%) and 1.3% in 2027 (unchanged).March 13, the yen strengthened in afternoon trading as the interest rate gap between Japan and most other countries, such as the United States, is expected to narrow. Rania Gule, senior market analyst at XS.com, said that the Bank of Japan will continue its monetary tightening policy, especially when inflation is above the target level for longer than expected. Expectations of interest rate hikes by the Bank of Japan have kept Japanese government bond yields higher, thus stimulating demand for the yen. At the same time, the Federal Reserve seems to be taking the opposite approach, and market bets are rising that the Fed will cut interest rates several times this year to cope with a potential economic slowdown.On March 13, Venus Medtech (02500.HK) announced that the Hong Kong Stock Exchange confirmed that the company had fully met the resumption of trading guidance requirements and officially resumed stock trading at 9 am on March 13. As of the close of todays midday trading, Venus Medtech fell more than 60%. Venus Medtech said that the resumption of trading marked that it had solved its corporate governance issues and re-established its internal control system, which was a key step for the company to respond to market concerns and rebuild industry confidence. "The resumption of trading is not only a milestone in the companys corporate governance and internal control over the past year, but also a new starting point for us to fully fulfill our long-term commitment to patients, doctors, shareholders, industry partners and society." said Lin Haosheng, general manager and CEO of Venus Medtech. Venus Medtech said that the company has systematically sorted out and integrated its organizational structure. Now Venus Medtech has built a modern governance system with "clear responsibilities, diversified means and efficient operation" under the professional manager model. The company has established a management committee composed of three directors to form an effective internal supervision mechanism, so as to provide timely warnings and announce major events to the market.
