(Original title: The Bank of England “releases the eagle”, the yields of British and American bonds have soared, and gold has plummeted! Will the US government fall into a “closed door” crisis again?)
The Bank of England “released the eagle” and Norway officially started raising interest rates. The U.S. stock market still rebounded strongly, the Dow rose by 500 points, the yields of British and American bonds also soared, and gold fell sharply again! And these big things…
Will the US government fall into a “closed door” crisis again?
According to a report by the US Chinese website, on the 23rd local time, the Biden administration began to notify the federal agencies that they should prepare for the possible government shutdown. At the same time, the White House is also taking measures to mitigate the impact of a potential government shutdown on the epidemic response and other services.
According to reports, the Office of Management and Budget (OMB) is expected to remind agencies to review their government’s “shutdown” response plan. If Congress does not pass the interim budget before the end of this month, the federal government will be suspended.
White House Spokesperson Psaki told reporters on the 23rd that this reminder is routine. Psaki said: “This is just a reminder, we still have 7 days. Of course we need to be prepared for any emergencies, so we see this as a routine step.”
Psaki reiterated that the White House is taking measures to reduce the impact of the government shutdown on the response to the epidemic. She emphasized that public health institutions such as the Centers for Disease Control and Prevention (CDC) will generally not be closed and will continue to operate. Psaki added: “However, most departments of the federal government have “slammed the brakes”, which is definitely not conducive to the response to the epidemic. We are doing everything we can to reduce the pressure.”
The Speaker of the U.S. House of Representatives and California Democrat Pelosi vowed on the 23rd that Congress will find a way to avoid the government’s “shutdown” by next week. She also downplayed the threat of Senate Republicans to block the short-term budget.
A few days ago, the House of Representatives passed a bill to extend government funding to December 3 and provide emergency funds for resettling Afghan refugees and responding to a series of natural disasters across the United States. For its part, the plan has received broad bipartisan support.
Faced with the warning that the Treasury Department will exhaust its debt-raising capacity next month, the Democrats also included the wording of freezing the debt ceiling in the bill to avoid US debt defaults and lead the global economy into trouble. This move was opposed by almost every Republican senator.
Senator Republican leader McConnell said that Republicans will vote for an independent budget bill to avoid a “shutdown” of the government.
Cuban President condemns the United States for inciting “dangerous international division”
Cuban President Diaz-Canel spoke at the 76th UN General Assembly’s general debate on the 23rd, criticizing the United States for inciting “dangerous international divisions” and its actions have “strong racist influence and hegemonic intent.”
Diaz-Canel said in a pre-recorded video speech that US foreign policy is fostering “dangerous international divisions” through the harmful use of economic coercive measures.
He pointed out that the United States has put pressure on countries to speak and take actions against opponents, overthrow legitimate governments, and undermine trade agreements. “This behavior is embodied in intolerance of different ideologies and cultures, and has a strong racist influence and hegemonic intent.”
Diaz-Canel stated that the behavior that regards a country’s right to develop its economy and technology as a threat is “unacceptable” and that every country has the right to develop the political, economic, social, and cultural systems of its own choice. .
He said that the United States is launching an “unconventional war” against Cuba in an attempt to fabricate an absolutely wrong image of Cuba and erase the Cuban revolution from the political map of the world.
5 dead in Taliban vehicle attack
U.N. special envoy calls on the world to recognize the new government
Since the Afghan Taliban formed an interim government on the 7th of this month, the Taliban have been calling on the international community to recognize the new Afghan regime, and appointed a special envoy to the United Nations, asking the United Nations to allow the special envoy to speak at the UN General Assembly.
According to the Associated Press, the Afghan Taliban wrote to the United Nations, announcing that the former peace negotiator and Taliban’s political office spokesperson Suhaier Shaheen was the new United Nations representative and asked Shaheen to speak at the United Nations General Assembly in New York.
“We have all the requirements for recognizing the government. So we want the United Nations. As a neutral world institution recognizes the current government of Afghanistan,” Shahin said.
The Deputy Minister of Culture and Information of the Afghan Interim Government Mujahid also stated that if any country officially announces the recognition of the new Afghan government, the Taliban will appoint ambassadors to these countries.
Russia’s permanent representative to the United Nations, Nebenja, said that the UN Security Council has not discussed the lifting of sanctions against the Taliban.
According to a report from the Russian Satellite Network on the 23rd, Mujahid, Deputy Minister of Culture and Information of the Afghan Interim Government, stated that the Taliban plans to set up a committee next year to formulate a new constitution.
He said: “A new constitution will begin in a few months. We hope that our government will have a constitution formulated by our country’s scholars, lawyers and experts.”
As the interim government led by the Taliban gradually resumed the functioning of society, another violent attack occurred in Afghanistan. The attackers attacked Taliban vehicles in eastern Afghanistan, killing at least two armed men and three civilians.
Witnesses said a gunman opened fire on a Taliban vehicle at a local gas station in Jalalabad, killing two soldiers and a gas station attendant. They added that another child was killed.
French Foreign Minister: France and the United States need time and action to get out of the crisis
On September 23, local time, the French Ministry of Foreign Affairs issued an announcement stating that French Foreign Minister Le Drian, who was attending the United Nations General Assembly in New York, met with US Secretary of State Brinken at the residence of the French Permanent Mission to the United Nations that day. The announcement pointed out that the meeting was conducted in the context of a telephone conversation and a joint communiqué issued by the leaders of France and the United States the day before.
The French Ministry of Foreign Affairs stated that Le Drian and Brinken talked about the specific format and main topics of the in-depth consultation process that the two countries will carry out to rebuild trust. Le Drian also emphasized that the telephone conversation between the leaders of the two countries is only the first step, and it will take time and action for France and the United States to get out of this crisis.
On September 22, local time, French President Macron and US President Biden spoke on the phone to jointly examine the consequences of the so-called trilateral “security partnership” announced by the United States, Australia and Britain on September 15. The two sides decided to start an in-depth consultation process and plan to meet in Europe at the end of October.
The Bank of England’s “Eagle”
U.S. bond yields soared, gold fell sharply again
After the Fed released the hawkish signal, the Bank of England “followed up.”
According to Reuters, the Bank of England said the reasons for tightening monetary policy are increasing. In addition, the deputy governor of the Bank of England also called for the early end of the central bank’s quantitative easing program, and also called for the end of bond purchases as soon as possible. The Bank of England also stated that the inflation rate will rise above 4% later this year.
The hawkish signal made the yield of British government bonds soar, and the yield of British 10-year government bonds rose by 10 basis points to 0.90%, the highest since May.
This night, as the yields of British government bonds soared, the yields of U.S. government bonds also soared under the influence of the Fed’s hawkish signal.
Gold continued to fall. Following a sharp drop in Eastern Time on Wednesday, it fell sharply again on Thursday.
Norway raises interest rates by 25 basis points
There may be another interest rate hike at the end of the year
Since the epidemic, many overseas countries have “released water”, and now the central banks of many countries have begun to release hawkish signals, and Norway has officially started raising interest rates, becoming the first G10 central bank to officially raise interest rates after the epidemic.
On Thursday, local time, the Norges Bank raised interest rates by 0.25 percentage points from 0, and also stated that it may raise interest rates again in December, and the interest rate will reach about 1.7% by the end of 2024.
The Norwegian Bank’s reason for raising interest rates is that economic activity is higher than the pre-pandemic level and that it needs to deal with increasing financial market imbalances. The Norges Bank predicts that due to increased capacity utilization, high COVID-19 vaccination rates, and a drop in unemployment rate to 2.7%, the economic recovery will continue into the fall.
Norwegian central bank governor Oystein Olsen said, “The Norwegian economy is recovering strongly and we can gradually normalize policy interest rates.”
Strong rebound!Dow soars 500 points
Economic restart concept stocks are going crazy
After the Bank of England released the hawkish signal, Norway also started to raise interest rates, but under the fear of tightening global liquidity, US stocks rebounded strongly in anticipation of the global economic recovery.
Intensified injections may begin soon, and even some people in the American vaccine industry even predicted that the epidemic will end within a year, which also strengthened the expectation of economic recovery.
Stimulated by multiple factors, the U.S. stock market economy restarted concept stocks soaring, driving the three major stock indexes to rise collectively.
As of the close, the S&P 500 index rose 1.21% to 4,448.98 points; the Nasdaq index rose 1.04% to 1,052.24 points; the Dow Jones index rose 1.48% or 506.5 points to 3,476.82 points.
In terms of economic restart concept, among aviation stocks, American Airlines rose 1.85%, United Airlines rose 3.92%, Delta Air Lines rose 2.40%, and Boeing rose 1.90%.
Among cruise stocks, Royal Caribbean Cruises rose 3.32%, and Norwegian Cruise Line rose 4.92%.
Among energy stocks, Exxon Mobil rose 3.39% and Chevron rose 2.48%.
The rise in crude oil prices is an important driving force for the general rise of energy stocks. Last night, US oil futures broke the US$73 mark.
Source: China News, Xinhuanet, CCTV News, etc.
.