News

Japanese Minister of Economic and Security, Takaichi Saena Takaichi: He will participate in the next Liberal Democratic Party presidential election.

Thailand's new deputy finance minister: If the Federal Reserve continues to cut interest rates, the Thai baht may fluctuate violently.

US Secretary of Agriculture: Trump's tariffs may provide relief to American farmers.

According to Japan News Agency: Japan's Minister of Economic Security, Saena Takashima will speak to the media on participating in the Liberal Democratic Party leadership campaign at 04:00 GMT.

ASB Bank of New Zealand: Currently, the Fed is expected to lower its cash rate to 2.25% by the end of the year.

Yihuatong (02402.HK) Hong Kong stocks rose by more than 84% during the session, and the current increase fell to 44%; Yihuatong A-shares opened, and now it rose by 17%.

New Zealand Finance Minister Willis: Announced Hayley's appointment as a member of the New Zealand Federal Reserve's Monetary Policy Committee.

"Federal Mouth Bottle" Nick Timiraos: This is the third time that the Federal Reserve under Powell has begun to cut interest rates without facing a significant decline in the economy. But given the inflation situation (more trickier) and political factors (the confrontation of the White House), the stakes in 2019 and 2024 are different from those now.

Japanese Chief Cabinet Secretary Lin Fangzheng: It is monitoring the impact of the US economic situation on Japan.

Australian Prime Minister Albanys: A$2 billion will be allocated to clean energy financing companies to continue to increase downward pressure on electricity prices.

Australian Prime Minister Albanys: Announces A$5 billion net zero emission fund in the National Reconstruction Fund.

Hong Kong chip stocks strengthened, Huahong Semiconductor (01347.HK) rose by more than 10%, ASMPT (00522.HK) and Jingmen Semiconductor (02878.HK) rose by more than 8%, and SMIC (00981.HK) rose by more than 5%.

According to Sky News: Australia sets its 2035 emission reduction target at 62-70%.

Australia's part-time employment population in August was 35,500, compared with the previous value of -35,900.

Australia's post-seasonally adjusted unemployment rate in August was 4.2%, expected to be 4.20%, and the previous value was 4.20%.

Australia's full-time employment population in August was -40,900, compared with the previous value of 60,500.

Australia's post-seasonal adjustment employment participation rate in August was 66.8%, expected to be 67.00%, and the previous value was 67.00%.

Australia's employment population in August was -54,000, with an expected 21,500, compared with the previous value of 24,500.

Australia's seasonally adjusted unemployment rate for August will be released in ten minutes.

[CITIC Securities: It is expected that the US dollar may remain weak in this round of interest rate cuts, and gold still performs well] CITIC Securities research report said that the Federal Reserve's interest rate cut of 25bps in September 2025 interest rate meeting, in line with market expectations. Powell said this is a risk-management rate cut, and in its dual mission, it tends to control the downward risk of the employment market, the 50bps rate cut this year is in line with expectations. CITIC Securities still expects the Federal Reserve to cut interest rates by 25bps again at the interest rate meetings in October and December. The interest rate path in 2026 will be clearer after the final candidate for the new Fed Chairman is implemented. In terms of the market, after the interest rate cut is implemented, US bonds have reappeared in the "buy expectations + selling facts" and US stocks have "profit for the rise". The Dow Jones Industrial Average and small-cap stocks have performed well. It is recommended to relatively downplay the guidance of this meeting on the interest rate path next year. It is expected that the US dollar may remain weak in this round of interest rate cuts, and gold is expected to still perform well.