Situs Slot Gacor Slot Gacor Gampang Menang Situs Slot Gacor https://gms.dpe.go.th/mobile/public/admin/ckfinder/plugins/fileeditor/situs-judi-slot-terbaik-dan-terpercaya-no-1/ http://portalsewa.mais.gov.my/img/icons/largest/slot-online-gacor-terbaru/ https://new.c.mi.com/th/post/340006/SBOBET__Agen_Judi_Bola_Online_SBOBET88_Resmi_Indon https://new.c.mi.com/th/post/338489/SBOBET__Agen_Bola_Resmi_Layanan_Taruhan_Online_Ter https://new.c.mi.com/th/post/338479/Agen_SBOBET_Indonesia_Terpercaya__Link_Daftar_SBOB https://new.c.mi.com/th/post/338474/Situs_Judi_Bola_Online_Sbobet_dan_Agen_Bola_Terper https://new.c.mi.com/th/post/737547/SBOBET__AGEN_SBOBET_INDONESIA_LOGIN_MOBILE_ONLINE_ https://new.c.mi.com/th/post/735520/SBOBET__Link_Bandar_Sbobet88_Indonesia_Terpercaya_ https://new.c.mi.com/th/post/738763/DAFTAR_SBOBET_88_BOLA_TERMURAH_DAN_TERLENGKAP_BERS https://new.c.mi.com/th/post/735126/SBOBET_MOBILE__Daftar_Judi_Bola_Online__SBOBET88_C https://new.c.mi.com/th/post/737542/SBOBET__Daftar_Judi_Bola_Online__SBOBET88_Casino__ https://new.c.mi.com/th/post/733494/Agen_SBOBET_Indonesia_Terpercaya__Link_Daftar_SBOB
Business

New Zealand rate hikes, inflation data




New Zealand dollar strengthens after biggest interest rate hike

The New Zealand dollar strengthened to 0.6192 against the greenback after the central bank raised interest rates by 75 basis points, the biggest increase ever.

The NZD last traded at 0.6170 against the dollar and the NZX 50 index in New Zealand fell 0.8%.

New Zealand’s 10-year government yield briefly touched 4.305% shortly after the decision, and last traded at 4.235%. Yields move inversely to prices, and a basis point is equal to 0.01%.

– Lee Ying Shan

Singapore publishes narrowed GDP projections for 2022

Singapore’s economy is projected to grow around 3.5% in 2022, according to forecasts from the Ministry of Trade and Industry, citing a softer outlook for external demand following Europe’s energy crisis and China’s continued Covid-related restrictions.

The figure is a reduced estimate from the previously forecast range of between 3% and 4% – and reflects the third quarter’s 4.1% annual growth and 1.1% growth from the previous quarter.

The ministry also said it sees the country’s GDP growth in 2023 to be between 0.5% and 2.5%.

– Jihye Lee

New Zealand’s central bank increases interest rates by 75 basis points

The Reserve Bank of New Zealand raised its official cash rate by 75 basis points, the biggest increase ever, to 4.25%.

The decision is in line with analysts’ expectations, according to a Reuters poll.

It is the ninth consecutive increase since the RBNZ first started its rate hike cycle in October 2021, five of which were 50 basis points.

New Zealand’s inflation is currently at 7.2%, just below a three-decade high.

– Lee Ying Shan

Investors should rotate to second-tier Chinese tech stocks: UBS Global Wealth Management

Investors should take advantage of the bumpy ride in Chinese tech stocks to move into smaller and less established companies, according to Eva Lee, head of larger Chinese stocks at UBS Global Wealth Management’s investment office.

“Under current regulation, second-tier players will do better than the top ones. Use this opportunity to rotate to second-tier companies,” such as those with robust earnings, she told CNBC’s “Street Signs Asia.”

In addition, technology giants are perceived as “macro recovery [proxies]and the road to an eventual full reopening is “going to be up and down, it’s going to be bumpy,” she said.

“We will eventually move there, but it will take time,” she said.

— Abigail Of

Stocks rise, S&P 500 closes above the key 4,000 level for the first time since September.

Stocks rose on Tuesday with all three major averages rising more than 1% as Wall Street bet interest rate hikes and inflation will ease toward the end of the year. The S&P 500 also closed at a level not seen since September.

The Dow Jones Industrial Average closed 397.82 points, or 1.18%, higher at 34,098.10. The Nasdaq Composite also rose 1.36% to 11,174.41.

The S&P 500 rose 1.36% to close at 4,003.58, its first close above the 4,000 level since September.

—Carmen Reinicke

84% of today’s 19 S&P 500 52-week highs are all-time highs

Nineteen stocks in the S&P 500 hit 52-week highs so far Tuesday, and of those, 16 (84%) also hit all-time highs. Three of the 19 (TRV, MRK, IBM) are also in the Dow Jones Industrial Average, and two of these are among the records:

  • General Parts Co. (GPC), highest since an IPO in 1948
  • O’Reilly Auto (ORLY), all-time high since 1993 IPO
  • TJX Cos. (TJX), all-time high dating back to the 1987 IPO
  • General Mills (GIS), all-time highs back through history from 1927
  • Monster Beverage (MNST), all-time high dating back to its predecessor’s Nasdaq listing in 1992
  • Pepsico (PEP) all-time high dates back to Pepsi-Cola’s 1965 merger with Frito-Lay
  • Marathon Petroleum (MPC), all-time high back to spinoff from Marathon Oil in 2011
  • Aflac Inc. (AFL), all the way back through CNBC’s data history in 1973
  • Arthur J Gallagher (AJG), all-time high dating back to 1984 IPO
  • Globe Life (GL), all-time high back to predecessor data in 1980
  • MetLife (MET), all-time high back to going public in 2000
  • Progressive (PGR), all-time high going back to 1971 IPO
  • Reisende (TRV), all-time high back to spin-off from Citi in 2002
  • Gilead Sciences (GILD), highest since April 2020
  • Merck & Co. (MRK), all-time high back through CNBC history dating back to 1978
  • PACCAR (PCAR), all-time high dating back to 1971 IPO
  • Quanta Services (PWR), all-time high dating back to 1998 IPO
  • Snap-On (SNA), highest since June 2021
  • International Business Machines (IBM), highest since February 2020

There were two 52-week lows in the S&P 500 early Tuesday:

  • Tesla (TSLA), lowest since November 2020
  • Medtronic (MDT), lowest since March 2020

No comment.

—Scott Schnipper and Christopher Hayes



Source link

Back to top button