Lombardelli, Deputy Governor of the Bank of England: Cutting interest rates is the direction of development for the European economy
According to Golden Ten, the new deputy governor of the Bank of England, Lombardelli, said that he would not give a specific date for an interest rate cut, but it is clear that this (rate cut) is the direction of development of the European economy.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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