Investors pulled money out of stocks at a record pace in the days after major central banks made it clear they were relentless in their fight against inflation. A fitting end to the worst year for global equity markets since the financial crisis. About $42 billion (about 5.57 trillion yen) outflowed equity funds in the … Read more
China plans to shorten the mandatory quarantine period for foreign travelers starting in January. Said a person familiar with the matter. With the “Zero Corona” policy, which completely suppresses the new coronavirus, the last remaining restrictions will be lifted. Officials are considering a “0+3” measure to end quarantines in hotels or quarantine facilities and monitor … Read more
The US Federal Open Market Committee (FOMC) will decide to slow the pace of interest rate hikes at its meeting on the 14th, but the terminal rate (the ultimate destination of interest rates) is expected to be higher than expected in precedence. As Fed Chairman Jerome Powell said, this is not an accommodative change, but … Read more