U.S. Treasury Secretary urges more fiscal policy in Congress
U.S. Treasury Secretary Mnuchin and Federal Reserve Chairman Powell both urged Congress to introduce more fiscal policies to support the economy at the Senate Banking Committee hearing. Among them, Mnuchin suggested that Congress allocate relevant funds to projects that aid small businesses and the unemployed. As for Powell, he said that the road to economic recovery is still long. The industries hardest hit by the epidemic, such as restaurants, hotels, and entertainment venues, may need more assistance. It is more appropriate for the government to provide subsidies at this stage.
Australia’s central bank announces unchanged Witte rate
After the last interest rate meeting this year, the Reserve Bank of Australia announced that the Witer rate and 3-year Treasury bond yield target remained unchanged at 0.1%, while maintaining its A$100 billion bond purchase plan, in line with market expectations. The central bank statement pointed out that the economic recovery is underway, and the recent data is generally better than expected, but the economic recovery is expected to remain unstable and slow, and it still depends on policy support.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。