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15.06.2021 09:28 AM
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As a result of the next meeting of the leadership of the American Central Bank, in addition to the traditional statement on the rate and volume of asset redemption, economic forecasts will be published, as well as expectations regarding further dynamics of interest rates.

Experts believe that the Fed will not give signals about plans to gradually reduce the volume of redemption of bonds earlier than in August-September this year.

At the same time, a dot plot - that is, a chart that reflects the individual expectations of the Fed's Board of Governors and the heads of the Federal Reserve Banks regarding interest rates - could show that all 18 central bank leaders expect at least one rate hike in 2023.

According to Marcella Chow, global markets strategist at JPMorgan Asset Management, at some point ignoring inflation concerns will no longer convince investors, so the focus will be on what the Fed says about its expectations for economic growth, inflation and interest rates.

The Japanese Nikkei 225 Index climbed 1.01% by 8:37 GMT + 2.

Among the leaders of the increase in quotations are shares of Eisai Co. (+ 6.2%), NEC Corp. (+ 4.9%) and Taiyo Yuden Co. (+ 3.9%).

Market value of consumer electronics manufacturer Sony Group Corp. growing 1.4%, semiconductor manufacturer Advantest Corp. rises by 1.8%.

The leaders of the decline are J. Front Retailing Co. (-2.9%), Kajima Corp. (-2.6%) and IHI Corp. (-2.4%).

The price of securities investment and technology SoftBank Group Corp. fell 0.2%, Asia's largest apparel retailer Fast Retailing Co. decreased by 0.2%.

The Chinese Shanghai Composite Index dropped 0.75% by 8:42 GMT + 2, while Hong Kong's Hang Seng lost 0.71%.

The most significant losses during trading on the Hong Kong Stock Exchange were incurred by the shares of the restaurant chain Haidilao International Holding (-4.2%), the manufacturer of power tools Techtronic Industries Co. (-3.5%) and biologics manufacturer Wuxi Biologics (Cayman) Inc. (-3.2%).

Consumer electronics manufacturer Xiaomi Corp. down 0.4%, one of the key players in the PRC's Internet services Meituan fell 1.6%.

The leaders of growth were shares of the manufacturer of electric vehicles BYD Co. (+ 4.5%), which produces traditional cars Geely Automobile Holdings (+ 3.4%) and China Mengniu Dairy Co., the largest dairy producer in the country. (+ 2.5%).

Internet giants Tencent Holdings and Alibaba (NYSE: BABA) Group Holding gained 0.6%.

The South Korean Kospi index rose by 0.15% by 8:57 GMT + 2.

Capitalization of one of the world's largest chip manufacturers Samsung Electronics Co. increased by 0.4%, another industry representative SK Hynix Inc. rose 1.2%.

The price of shares of the automaker Hyundai Motor Co. dropped 0.2%, Kia Corp. practically do not change in price.

Australian indicator S & P / ASX 200 added 0.96% by 8:57 GMT + 2.

Representatives of the Reserve Bank of Australia (RBA) came to the conclusion that it is too early to consider the issue of curtailing the bond buyback program, according to the minutes of the June meeting of the Australian Central Bank.

As a result of the June meeting, the RBA kept the base interest rate at a record low level of 0.1% per annum, as most economists believed. At the same time, the leadership of the Central Bank confirmed its commitment to maintaining a super-soft monetary policy at least until 2024, when inflation is expected to return to the 2-3% range.

The market value of the world's largest mining companies BHP Group and Rio Tinto rose 0.6% and 1.5%, respectively.

Thomas Frank,
Analytical expert of InstaForex
© 2007-2025
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