According to Bank of America (BofA), China's economic growth is facing significant challenges in the near future, prompting the bank to lower its growth forecast for the world's second-largest economy. The main reason for this downgrade is Beijing's lack of bold steps toward more aggressive monetary policies. The bank revised its real GDP growth forecast for China in 2024 down to 4.8%, compared to the previous estimate of 5.0%. It also reduced growth expectations for 2025 and 2026 to 4.5%, down from 4.7%. The analysis…

Borrowers issue bonds to raise money from investors willing to lend funds for a specific period. When you buy a bond, you are lending money to the issuing entity, which can be a government, a local authority, or a company. In return, the issuer agrees to pay a fixed interest rate over the life of the bond and repay the principal amount, also known as the face value, when it matures after a specified period. Governments (at all levels) and companies typically use bonds to borrow money. Governments need to fund infrastructure…

Daily Technical Report To : DOWJONES - NASDAQ.

The U.S. Non-Farm Payroll (NFP) report is set to be released on Friday at 12:30 PM GMT. In a note to clients on Tuesday, Citi analysts predicted that the upcoming NFP report will show an addition of 125,000 jobs with the unemployment rate remaining at 4.3%. Citi analysts stated that "the shift from focusing on inflation to focusing on jobs is now complete," indicating a change from monitoring inflation indicators to analyzing employment data when assessing Federal Reserve policy. Citi's forecasts suggest that a job growth…

Asian markets declined significantly as pressure on the Chinese economy continued to mount. Investor sentiment was dominated by anticipation and anxiety, as they eagerly awaited the release of U.S. economic data that could influence the Federal Reserve's stance on interest rates. The Nikkei in Japan saw a slight drop of 0.1%, closing at 38,634.50 points. In China, the Shanghai Composite Index fell by 0.52% to 2,796.48 points, while the Hang Seng Index in Hong Kong similarly declined, settling at 17,601.00 points, a 0.51%…

Analysts at Citigroup reported on Monday that investor optimism toward U.S. stocks remains strong, despite the noticeable decline in market momentum recently. These analysts suggest that this slowdown in momentum reflects somewhat cautious expectations among investors, even as the possibility of easing U.S. monetary policies looms in the coming months. Despite a slight increase in bullish positions, risks remain evident, particularly in the Nasdaq, where 79% of long positions are currently experiencing losses. Although…