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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access2024 Fed Cuts Will Boost Yuan - Hao Hong
The Fed will begin benchmark interest rate cuts in 2024 which will strengthen the yuan and open up monetary-policy space for The People’s Bank of China, according to Hao Hong, chief economist at Grow Investment Group. Speaking at a recent conference, Hao said the Chinese stock market will no longer be restrained by the yield of U.S. long-term bonds in 2024 and will once again become reactive to PBOC policies. Next year, traders should expect the Shanghai Composite Index to move between 3,000 and 3,500 points, and the Hang Seng Index between 16,000 and 20,000 points.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.