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China uses a state-backed “national team” to trade ETFs and influence stocks, aiming to curb boom-bust cycles and support confidence as growth shifts toward tech. Short-term stabilisation can work, but policy drives direction.
PBOC sets USD/ CNY reference rate for today at 6.9570 (vs. estimate at 6.9468) PBOC CNY reference rate setting for the trading session ahead.
Sterling hit a five-month high vs the euro ahead of Thursday’s BoE meeting as markets expect rates to stay on hold. Stronger UK data has pushed back rate-cut bets, with focus on the vote split and guidance.
Retirees left with 88% income post-Medicare costs; Social Security faces depletion by 2033. HSAs offer tax-advantaged savings.
Bitcoin plunges 10% near $72k, erasing $500B in a week. Investors wary of dips amid AI & geopolitical jitters.
GOOG dips 1% on AI spend fears, NVDA & AVGO rally on AI demand. QCOM drops 9% on forecast. BTC tanks 13% on govt comment.
Nikkei 225 futures show mixed action; March contract up 375 pts. Watch volume shifts and open interest.
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