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Late trading: the Senate reached an agreement on the debt ceiling and US stocks continued to rise.
In the early morning of the 8th Beijing time, US stocks maintained a rising trend late Thursday. The two parties in the US Senate have reached an agreement to extend the short-term debt ceiling until early December. The market continues to pay attention to the fluctuation of natural gas, crude oil and other energy prices. The Dow rose 426.30 points, or 1.24%, to 34843.29; the Nasdaq rose 200.51 points, or 1.38%, to 14702.42; and the S & P 500 rose 49.80 points, or 1.14%, to 4413.35. U.S. Senate Majority Leader Chuck Schumer announced on Thursday that the Senate has agreed to extend the emergency debt ceiling to early December.
Super Thursday is coming! Investment bank: the Bank of England may release this clue to raising interest rates
The original title: "Super Thursday" is coming! Investment bank: the Bank of England may release this interest rate hike clue or trigger sterling rally Source: FX168 the Bank of England's policy decision next Thursday is important for both sterling and financial markets, as it could provide a template for how the central bank intends to reduce its balance sheet and raise interest rates again. Any hint of a possible rate rise in the first half of 2022 would be in line with market expectations on the more "hawkish" end, which could trigger a rise in sterling. But a new analysis by Deutsche Bank shows that such a hasty rate hike is unlikely. In a new study
Asian central banks have accumulated the highest foreign exchange reserves since 2014 to prepare the Fed to change course
Emerging Asian economies have accumulated the highest level of foreign exchange reserves since 2014, providing a strong buffer against market volatility if the Fed changes direction. As of May, central banks in the region's fast-growing emerging economies held $5.82 trillion in foreign exchange reserves, the highest level since August 2014. Excluding China's cash reserves, central bank foreign exchange reserves in emerging Asia reached an all-time high of $2.6 trillion. Nicholas Mapa, an economist at the ING Group in Manila, said that although some of the increase reflected a weak dollar and booming exports