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JPMorgan: S&P 500 could top 8,000 by 2026 with deeper Fed rate cuts. The call supports a constructive equity bias, particularly in AI-levered sectors, while underscoring that Fed policy expectations remain the critical swing factor for index upside.
EGY trades at low multiples, below 200-day SMA. Analysts rate it a strong buy, but EPS miss may delay rally.
PBOC sets USD/ CNY mid-point today at 7.0779 (vs. estimate at 7.0733) PBOC CNY reference rate setting for the trading session ahead.
Bank of Korea leaves its base rate on hold at 2.5% as widely expected Bank of Korea is the central bank of South Korea
US stocks rally on strong earnings (83% beat) & Fed rate cut hopes (80% chance). Semis lead gains, but some tech stocks face valuation pressure.
PBOC is expected to set the USD/CNY reference rate at 7.0733 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.
Financial Times says "Japan needs to end its dangerous debt delusion" Ummmm, pretty much everyone has said this over the past couple of decades and more
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