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May 20th - According to the Wall Street Journal, sources familiar with the matter revealed that Goldman Sachs is expected to be the lead underwriter for SpaceXs initial public offering (IPO). Morgan Stanley is also one of the lead underwriters for the IPO, but Goldman Sachs is expected to be listed first on the prospectus, which could be released as early as Wednesday. This arrangement is surprising given Musks close relationship with Morgan Stanley. Other banks leading the deal include Bank of America, Citigroup, and JPMorgan Chase.Sources say that Stellar (STLA.N) and Dongfeng plan to form a European joint venture, with Stellar holding a 51% stake. Stellar plans to manufacture Voyah electric vehicles for Dongfeng at its French factory.According to the Wall Street Journal, Goldman Sachs (GS.N) will serve as the lead underwriter for SpaceXs initial public offering.ZTO Express (02057.HK) reported first-quarter revenue of RMB 13.28 billion, a year-on-year increase of 22%. It projects its express delivery volume to grow by 10% to 13% year-on-year in 2026, reaching between 42.37 billion and 43.52 billion pieces.May 20 (AP) -- The U.S. Senate on Tuesday advanced a bill aimed at forcing President Trump to withdraw troops from the war with Iran. Since Trump ordered the attack on Iran in late February, Democrats have repeatedly pushed for a war powers resolution, demanding that Trump either obtain congressional approval to continue the war or withdraw troops. Republicans had previously been able to gather enough votes to reject these proposals, but Louisiana Senator Bill Cassidy (whom Trump supported in the recent primaries) cast the crucial vote, allowing the bill to move forward.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

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In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

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