usd sgd

samsung

 

55,800 KRW +400 (0.72%)

SK Hynix Inc94,000 KRW

 

 

Tokyo Electron Ltd

GBP/USD - British Pound US Dollar

 

 

 

1.0991 +0.0028     +0.26%

 

 

&ldquo The US central bank is clearly caught between a rock and hard place. Bringing inflation down from the current 8.3% to its 2% target won&rsquo t be easy. There is a risk that the Fed will miscalculate, and its aggressive rate hikes may cause a deeper US recession compared to the technical recession in the first half of this year,&rdquo

 

 

Debt yields rise from US to Germany and the S& P 500 hits its lowest level since November 2020

https://www.cnbc.com/quotes/UK10Y-GB

 

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https://www.ft.com/content/8574fc40-d254-40a5-a5a5-2cb58d448f39

UK bonds sold off sharply on Tuesday in a third day of turbulent trading, a move that ricocheted across global markets, pushing yields on US bonds higher and US stocks to the lowest level since 2020. The yield on the benchmark 10-year gilt on Tuesday rose 0.26 percentage points to hit a 14-year high of 4.5 per cent after the Bank of England&rsquo s chief economist Huw Pill said the loosening of fiscal policy announced last week would &ldquo require a significant monetary response&rdquo . The pound and UK government debt have sold off sharply since UK chancellor of the exchequer Kwasi Kwarteng announced on Friday a plan for £ 45bn worth of unfunded tax cuts. The pound on Monday reached a record low against the dollar, and gilts across maturities sold off. The magnitude of the selling in the UK has also intensified tremors across global markets, which have already been shaken by concerns about global interest rates rises. The US S& P 500 closed 0.2 per cent lower but earlier in the session hit its lowest intraday level since November 2020. European equities closed at their lows of the day as bonds began selling off. The region-wide Stoxx Europe 600 ended the day down 0.1 per cent. The biggest moves on Tuesday were among long-dated debt, with the 30-year gilt yield rising as much as 0.51 percentage points to 5.04 per cent, its highest level since 2002.

 

Multilateral lender warns &lsquo untargeted&rsquo package risks stoking inflation

 

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https://www.ft.com/content/06962055-6b3d-4712-814f-acea3cb9e082

The IMF has launched a biting attack on the UK&rsquo s plan to implement £ 45bn of debt-funded tax cuts, urging the government to &ldquo re-evaluate&rdquo the plan and warning that the &ldquo untargeted&rdquo package threatens to stoke soaring inflation. The multilateral lender said it was &ldquo closely monitoring&rdquo developments in the UK and was &ldquo engaged with the authorities&rdquo after Chancellor Kwasi Kwarteng unveiled the tax cuts last week, sparking a collapse in the value of sterling and a surge in the country&rsquo s borrowing costs. &ldquo Given elevated inflation pressures in many countries, including the UK, we do not recommend large and untargeted fiscal packages at this juncture,&rdquo the IMF said in a statement. &ldquo It is important that fiscal policy does not work at cross purposes to monetary policy.&rdquo

&ldquo We are working very closely now,&rdquo he told a round table of executives from major banks. He also tried to  reassure investors  that his government, which last week sparked a financial markets selloff by announcing the biggest tax cuts in a generation, in addition to new spending, hadn&rsquo t lost fiscal discipline and had a credible plan to cut debt in years to come, adding that &ldquo with close cooperation with the Bank&mdash our approach will work.&rdquo The central bank and the government now find themselves pulling in different directions on the U.K. economy, a dynamic that has alarmed investors. While the central bank has been  raising its key interest rate  since December to try to contain a surge in consumer prices, the  government tax cuts  will stimulate consumer demand, undermining the central bank.

 

 

 

 

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29,573.5

https://corporatefinanceinstitute.com/resources/knowledge/finance/asian-financial-crisis/

 

https://www.investing.com/currencies/us-dollar-index

 

https://www.investing.com/currencies/usd-sgd

USD/SGD - US Dollar Singapore Dollar

 

 

 

1.4354 -0.0024     -0.17%

https://uk.finance.yahoo.com/news/boj-boosts-regular-bond-buying-013404378.html

 

https://www.investing.com/currencies/usd-sgd-chart

 

https://www.bloomberg.com/news/articles/2022-09-26/lagarde-says-ecb-will-debate-qt-once-it-has-normalized-rates

 

https://finance.yahoo.com/news/japans-9-bond-yield-rises-040914909.html