{"id":18369,"date":"2023-04-11T05:19:12","date_gmt":"2023-04-11T05:19:12","guid":{"rendered":"https:\/\/www.investorsradar.com\/bank-of-korea-china-inflation-wall-street-tech-stocks-bitcoin\/"},"modified":"2023-04-11T05:19:12","modified_gmt":"2023-04-11T05:19:12","slug":"bank-of-korea-china-inflation-wall-street-tech-stocks-bitcoin","status":"publish","type":"post","link":"http:\/\/www.investorsradar.com\/bank-of-korea-china-inflation-wall-street-tech-stocks-bitcoin\/","title":{"rendered":"Bank of Korea, China inflation, Wall Street tech stocks, bitcoin"},"content":{"rendered":"
32 minutes ago<\/p>\n
Oxford Economics told CNBC that the central bank is likely to keep its benchmark rate at its current 3.5% as core inflation appears to be stable.<\/p>\n
“I think the authorities think they can achieve a slowdown in inflation with the current setup,” said Son Eun-jung of Oxford Economics.<\/p>\n
She added that a rate cut “looks premature” for the central bank, noting that weakening domestic demand has led to lower inflation.<\/p>\n
Oxford Economics expects the central bank to cut the benchmark rate by the first quarter of next year, she said.<\/p>\n
South Korea’s inflation rate was 4.2% compared to a year ago, according to the latest economic data released.<\/p>\n
\u2014 Lee Ji-hye<\/em><\/p>\n<\/div>\n<\/div>\n 2 hours ago<\/p>\n Bitcoin rose Monday night, breaking above the critical psychological level of $30,000 as investors waited for significant inflation data that could steer crypto prices later in the week.<\/p>\n According to Coin Metrics, the cryptocurrency with the largest market capitalization rose 7% to $30,193.25 for the first time since June. US consumer and producer prices, released Wednesday and Thursday respectively, will be crucial in determining whether or when the Fed will suspend or end its rate hike campaign.<\/p>\n Ethereum, meanwhile, is rising ahead of a planned \u201cShanghai\u201d tech upgrade, bringing a wave of selling pressure to the market as funds previously locked in Ethereum are released in the coming weeks. is expected. As an investor ahead of Wednesday’s planned upgrade, it rose more than 3.5% to $1,925.11 for the first time since August.<\/p>\n For more information, read the full article here.<\/p>\n \u2014 Tanaya Machel<\/em><\/p>\n<\/div>\n<\/div>\n 2 hours ago<\/p>\n Warren Buffett told Nikkei he plans to increase his stake in Japanese stocks.<\/p>\n and Nikkei interview<\/a>Buffett said he was considering additional investments to increase his holdings in five of Japan’s major trading companies, referring to his 7.4% stake in Itochu.<\/p>\n Buffett’s Berkshire Hathaway boosted its stake in Japan’s largest trading house by at least a percentage point to more than 6%, according to filings last November.<\/p>\n Mitsubishi Corp shares rose 2.33% in Japan’s morning trading, with Mitsui & Co. up 2.56%, Itochu’s up 2.33% and Marubeni’s up 2.97%. Sumitomo Corporation also rose 2.41%.<\/p>\n \u2014 Lee Ji-hye<\/em><\/p>\n<\/div>\n<\/div>\n 2 hours ago<\/p>\n See chart…<\/p>\n <\/amp-iframe><\/p>\n Alibaba stock performance<\/p>\n<\/div>\n Shares of Hong Kong-listed Alibaba rose 3.12% in Tuesday trading after the Chinese tech giant’s cloud computing subsidiary debuted its ChatGPT-style product Tongyi Qianwen.<\/p>\n Alibaba Cloud said in a statement that Tongyi Qianwen will be rolled out to all Alibaba products from e-commerce to search in the near future. Alibaba has not disclosed a timeline.<\/p>\n Daniel Zhang, Chairman and CEO of Alibaba Group and CEO of Alibaba Cloud, said: Intelligence, in a statement.<\/p>\n Alibaba is the latest Chinese company to announce a ChatGPT clone, following Baidu’s Ernie Bot in March. Baidu continued to record losses of over 4% on him.<\/p>\n \u2014 Sheila Chen<\/em><\/p>\n<\/div>\n<\/div>\n 3 hours ago<\/p>\n Inflation in China fell short of expectations at 0.7% in March, beating expectations of a 1% rise in the CPI from a year ago.<\/p>\n The producer price index also fell 2.5% year-on-year after falling 1.4% in the previous month, in line with Reuters forecasts.<\/p>\n \u2014 Lee Ji-hye<\/em><\/p>\n<\/div>\n<\/div>\n 4 hours ago<\/p>\nBitcoin surpasses $30,000 for the first time since June 2022<\/h2>\n
Warren Buffett intends to increase stake in Japanese stocks: Nikkei<\/h2>\n
Alibaba shares surge 3.12% after ChatGPT-style product announcement<\/h2>\n
China Inflation Eases in March, Producer Prices Fall Further<\/h2>\n
Crypto Check: Bitcoin Exceeds $30,000<\/h2>\n