{"id":1950563,"date":"2023-06-18T18:58:02","date_gmt":"2023-06-18T22:58:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-investors-look-ahead-to-china-rate-decision\/"},"modified":"2023-06-18T18:59:42","modified_gmt":"2023-06-18T22:59:42","slug":"marketmind-investors-look-ahead-to-china-rate-decision","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-investors-look-ahead-to-china-rate-decision\/","title":{"rendered":"Investors anticipate China rate decision in Marketmind."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmarketmind-investors-look-ahead-to-china-rate-decision%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1950563&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>MarketMind: Investors Look Ahead<\/strong><\/p>\n<p>By Jamie McGeever<\/p>\n<p>(Reuters) \u2013 A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<h2>Asian market trading will be lighter than usual on Monday with no major regional economic data scheduled and U.S. markets closed, leaving investors to gear up for the first major event of the week on Tuesday \u2013 China\u2019s interest rate decision.<\/h2>\n<p>The People\u2019s Bank of China is likely to cut its one- and five<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/euro-back-below-parity-vs-dollar-again-gas-crisis-weighs\/\" title=\"Euro back below parity vs dollar again, gas crisis weighs\">-year loan prime rate<\/a> (LPR) lending rates by 10 basis points to 3.55% and 4.20%, respectively, its latest attempt to bolster China\u2019s creaking economy and steer it away from deflation. <\/p>\n<p>The PBOC earlier this month cut its medium-term policy loan rate for the first time in 10 months, paving the way for cuts in the benchmark LPR rates and bucking the global trend of raising rates to get inflation back down to policymakers\u2019 targets. <\/p>\n<p>It\u2019s little surprise that the yuan is under heavy selling pressure \u2013 down 4% in the last couple of months and hovering at seven-month lows. Looser monetary policy will do little to reverse these dynamics. <\/p>\n<p>Investors on Monday may also keep an eye on headlines from U.S. Secretary of State Antony Blinken\u2019s visit to Beijing, the first top American diplomat to visit China in five <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-investors-look-ahead-to-china-rate-decision\/\" title=\"Investors anticipate China rate decision in Marketmind.\">years amid frosty bilateral ties<\/a> and dim prospects for progress on the long list of disputes between the world\u2019s two largest economies.<\/p>\n<p>Looking ahead and beyond China, investors have two other Asian monetary policy decisions this week to digest \u2013 Indonesia\u2019s Bank Indonesia (BI) and the Philippines Bangko Sentral ng Pilipinas (BSP) on Thursday.<\/p>\n<p>Both are likely to leave policy unchanged, with BI maintaining its benchmark lending rate at 5.75% and the BSP keeping its key policy rate at 6.25%.<\/p>\n<p>The broader market tone across Asia on Monday could be one of caution, with investors tempted to take some profits from the recent rally. Japanese stocks have surged 20% in two months and are at a 33-year high, while the MSCI Asia ex-Japan index last week jumped 3%, its best week since January.<\/p>\n<p>Other potential market-moving events from the region later in the week include data on Japanese consumer price inflation for May on Friday. The annual core CPI rate is expected to ease to 3.1% from 3.4% in April.<\/p>\n<p>The Bank of Japan last week left its ultra-loose policy unchanged and signaled it is in no rush to change its dovish stance even though inflation has exceeded the BOJ\u2019s 2% target for over a year. <\/p>\n<p>Contrast that with the more hawkish posture of other major central banks around the world and it is little surprise that the yen is on the defensive \u2013 on Friday it hit a 15-year low against the euro.<\/p>\n<p>Here are key developments that could provide more direction to markets on Monday:<\/p>\n<ul>\n<li>Bank of Korea Governor Rhee Chang-yong speaks<\/li>\n<li>U.S. Secretary of State Antony Blinken in China<\/li>\n<li>Hong Kong unemployment (May)<\/li>\n<\/ul>\n<p>(By Jamie McGeever; Editing by Leslie Adler)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/marketmind-investors-look-ahead\/attachment\/file-photo-chinese-100-yuan-banknotes-are-seen-on-a-4\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>After Bill Gates met with China\u2019s Xi Jinping, Antony Blinken\u2019s meeting comes amid rising tensions and China\u2019s plans to spy on the U.S. from Cuba.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>California proposes taking so-called affirmation of a child\u2019s gender identity into account in child custody disputes. Here\u2019s One America\u2019s Sam Valk with more.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>This week has been filled with major headlines in the US and around the world. One America\u2019s Rachel Acenas has more in our Week in Review.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Guggenheim Baseball Management, which owns the Los Angeles Dodgers, is going ahead with their salute to the Sisters of Perpetual Indulgence. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 A Moscow court fined Nasdaq-listed Yandex 2 million roubles ($24,242) for repeatedly refusing to provide the Federal Security Service, or\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON (Reuters) \u2013 The British government said on Sunday that tech entrepreneur Ian Hogarth would head its new taskforce to look at\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>JERUSALEM (Reuters) -U.S. chipmaker Intel Corp will spend $25 billion on a new factory in Israel, Prime Minister Benjamin Netanyahu said on\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Binance has issued a cease and desist order to \u201cBinance Nigeria Limited\u201d, Binance CEO Changpeng Zhao said in a tweet\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asian markets are expected to have lighter trading on Monday as there is no significant regional economic data scheduled and US markets are closed. Investors will be preparing for the first major event of the week.<\/p>\n","protected":false},"author":66,"featured_media":1950564,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[28698,4501,4552,5311,20675,6366],"class_list":["post-1950563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-anticipate","tag-china","tag-decision","tag-investors","tag-marketmind","tag-rate"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1950563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1950563"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1950563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1950564"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1950563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1950563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1950563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}