KN Market View 2024-07-28

#KNMarketView

Main Topics

Key Events. China loan prime rate was cut by 10 bps to 3.35%, reaching a new all-time low. Taiwanese exports rose 3.1% yoy, missing market expectations of a 12.5% growth. This week, the US will be in focus with the highly anticipated Federal Reserve interest rate decision.

Government Bonds and Currencies. Peso continues to decline as Yen strengthens, reaching a two-month high against the Dollar.

Commodities. Silver sank on worries about slack global demand. Wheat trading at its three year low.

Stocks. The Nikkei closed at its three-month low on higher rates.

Crypto. Kamala Harris aims to eradicate Bitcoin…

Weekly Paper Picks. The Three Types of Backtests.