The Bank of Australia announces to maintain interest rates 0.25%
After the interest rate meeting, the Reserve Bank of Australia announced to maintain interest rates unchanged at 0.25%, while continuing to maintain the target of the three-year government bond yield at 0.25%, in line with market expectations. In addition, the central bank has also decided to increase the scale of the term financing facility to A$200 billion and extend its use period to June 2021, aiming to provide continued funding for companies affected by the epidemic. At present, the financing facility has used about A$52 billion in quota. . The central bank statement reiterated that the economy is in a very difficult period. Despite the difficulties, the economic downturn has not been as severe as previously expected, and most parts of Australia are currently recovering. However, affected by the epidemic, the road to recovery is expected to be bumpy.
The U.S. job market is still shrinking
The American Institute for Supply Management (ISM) manufacturing index continued to rise to 56, higher than market expectations of 54.5 in August. It was a three-month increase and the highest in more than a year and a half. The sub-index of new orders rose to 67.6, the highest since December 2017. As for the employment index, it rose to 46.4, but the figure is still below 50, reflecting that the job market is still shrinking. Although the ISM manufacturing index in the United States has continued to improve, the epidemic has caused expenditures to shift from equipment used in service industries such as restaurants and bars to the purchase of goods such as home appliances, which has polarized business confidence.
—————————————————————
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/
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險，未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會（「證監會」）監管，因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束，包括（但不限於）客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失，或在極端情況下（例如相關市場跳空）產生更多的損失。因此，閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險，如有需要，請向獨立財務顧問尋求意見。