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#Post#: 11--------------------------------------------------
The Fed has only raised
DIR By: Bappy Hasan
Date: August 29, 2023, 6:08 am
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Even though interest rates once thus far the yield curve signals
a lot of future rate hikes being priced inso many in fact that
the number of hikes would have to extend into to make sense.
Another indicator is the real level of inflation affecting the
economy. Due to rising commodity prices Schwab analysts expect
inflation to remain high through the end of the year when levels
should ease again in response to changed Federal Reserve policy.
The economy already appears to be cooling as rising interest
rates moderate housing demand and capital goods expenditures.
Shares of China Evergrande crashed as trading resumed after a
month halt. The once billion property developer faces Special
Data
HTML https://dbtodata.com/special-data/
a massive debt load and a
troubled balance sheet. On Monday it became a penny stock after
reporting a loss of billion yuan in the six months ending June
. Shares of China Evergrande Group tumbled as much as diving
into penny stock territory after trading in the shares resumed
on Monday for the first time in months.
[img]
HTML https://scontent.fdac5-1.fna.fbcdn.net/v/t39.30808-6/372852631_620120683577493_2481172353560044672_n.jpg?_nc_cat=100&ccb=1-7&_nc_sid=730e14&_nc_ohc=6DjlaE3hZP0AX9_Aocv&_nc_ht=scontent.fdac5-1.fna&oh=00_AfBE8M2YVNUM0BHTkjdg4jrYQpCbuEwmuADJiA_5fIxOpg&oe=64F3601E[/img]
HTML https://dbtodata.com/special-data/
By midday in Hong Kong the stock hovered around . Hong Kong
dollars with the real estate developers market value falling to
about million. Per Bloomberg Evergrande was worth more than
billion in . The stock was last available for trading on March
and since its peak it has lost of its market cap. Trading
resumed after the company said internal control systems met the
Hong Kong exchanges listing rules. The selloff followed a
company filing on Sunday that showed a loss of billion yuan for
the six months up to June according to the report piling on to
the billion yuan losses from the last two years. In total
Evergrandes net losses for the first half of hit .
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