News

Academy Securities strategist Peter Tchir believes the market is currently overly focused on whether Warsh's future "reaction function" will change, but what's more concerning is what data the Federal Reserve intends to use for policy decisions. His core judgment is that Warsh may not need to completely rewrite the policy formula; the real change is on the input side: in addition to traditional official indicators like the PCE, the Fed may place greater emphasis on real-time inflation, rents, business prices, and other higher-frequency data sources, rebuilding a new inflation observation framework. The market has historically been accustomed to betting on "how the Fed will interpret" the same set of data, but if even the data itself changes, the trading framework will shift accordingly. Some high-frequency inflation indicators previously considered supplementary references may become crucial bases for policy discussions. For the market, this means future policy shifts may not necessarily stem from "different conclusions drawn from the same data," but could also come from "the Fed starting to look at a different set of data."

According to Indian media, a stampede at the Ashokdam temple in Bihar, India, has killed six people and injured many others.

Hong Kong stocks opened higher and continued to rise, with the Hang Seng Index up more than 1% in the morning session and the Hang Seng Tech Index up 1.62%.

The Hang Seng Index (HSI) opened 186.56 points higher, or 0.74%, at 25303.41 on Monday, August 17th; the Hang Seng Tech Index opened 53.58 points higher, or 1.14%, at 4761.2; the Hang Seng China Enterprises Index opened 71.04 points higher, or 0.85%, at 8411.87; and the Hang Seng Red Chip Index opened 18.92 points higher, or 0.46%, at 4151.61 on Monday, August 17th.

Hong Kong stocks opened higher, with the Hang Seng Index up 0.74% and the Tech Index up 1.14%. Gold and chip stocks generally rose. SenseTime (00020.HK) jumped over 7%, while Zijin Mining International (02259.HK) and JD.com (09618.HK) rose over 3%.

The yield on Japan's 30-year government bonds rose 3.5 basis points to 4.045%.

The yield on Japan's 40-year government bonds rose 3.5 basis points to 4.110%.

The yield on Japan's 2-year government bonds rose 1.5 basis points to 1.665%. The yield on Japan's 5-year government bonds rose 2.0 basis points to 2.155%.

Australia's S&P/ASX 200 index opened down 34.80 points, or 0.38%, at 9080.40 on Monday, August 17.

On Monday, August 17, the NI225 opened 115.75 points higher, or 0.17%, at 68,829.55.

Japan's preliminary GDP deflator for the second quarter was 2.6% year-on-year, compared to 3.20% in the previous quarter.

Japan's nominal GDP grew at a preliminary rate of 1.2% quarter-on-quarter in the second quarter, compared with 0.60% in the previous quarter.

Japan's second-quarter real GDP growth rate was 0.3% (preliminary estimate), below the expected 0.50% and the previous value of 0.50%.

Japan's second-quarter GDP growth rate for corporate spending was -1.2% quarter-on-quarter, compared to a forecast of 0.4% and a revised previous reading of -1% (from -0.70%).

Japan's second-quarter GDP private consumption growth rate was 0%, below the expected 0.5%, and the previous value was revised from 0.30% to 0.5%.

Japan's second-quarter real GDP annualized quarterly growth rate was 1.1%, below the expected 2% and the previous value was revised from 1.80% to 1.9%.

The UK's Rightmove average asking price index for houses fell 1% year-on-year in August, compared to -0.40% previously.

The UK's Rightmove average asking price index fell 2% month-on-month in August, compared to -1.00% previously.

New Zealand's food price index rose 1.9% year-on-year in July, down from 2.5% previously.

New Zealand's food price index rose 0.1% month-on-month in July, compared with 0.60% previously.