The Indonesian Benchmark stock index is expected to reach a historic high, with foreign investment returning to the market, and net purchases in July reaching $283 million. The Central Bank's interest rate cuts and better-than-expected economic growth have boosted market confidence, while falling bond yields have prompted more domestic investors to turn to high-yield assets such as stocks.

Jin10 data reported on August 14th that the macro research report from China Merchants states that recently, the equity market has created emotional suppression on the bond market, making stock trading a major factor affecting interest rate trends. However, due to the different pricing foundations of the two asset classes, the stock-bond seesaw is merely a phenomenon and not a rule, which will make it difficult for stock trading to sustain bond trading. From the underlying logic, the supply and demand of money remains the fundamental influence on the price of money (i.e., interest rate). Looking ahead, as the financing demand from the real sector weakens and the Central Bank continues to maintain ample liquidity, there is a lack of a sustained upward basis for interest rates, and the 1.7% yield on ten-year bonds still represents a window period for getting on board. The disclosure of financial data during this period has further strengthened our judgment of being bullish on the bond market; what is needed now may just be confidence and time.

Bitcoin (BTC) has set a new historical high, reaching a maximum of $124,474 on August 14. At the same time, altcoins are rising, and Bitcoin Dominance has fallen to a range of 59-61%. Google searches for altcoins have reached their highest level in five years. Google has stated that the new rules for the Google Play Store will not restrict the listing of unregistered hosted wallets. Standard Chartered Bank has raised its 2025 price forecast for Ethereum (ETH) from the previous $4,000 to $7,500.

Jin10 data reported on August 14th that despite facing the impact of US tariffs, Japan's economy is still expected to achieve moderate growth in the second quarter driven by domestic demand from capital expenditures, thus avoiding a technical recession. The median estimate from economists indicates that Japan's second quarter GDP may rise at an annualized rate of 0.4%, reversing the contraction seen in the previous quarter. Among 32 analysts surveyed, there is significant divergence in forecasts: 4 expect the economy to continue contracting, while 5 believe the growth rate will reach 1% or higher. The Japanese Cabinet Office will release preliminary data on Friday. This data may prompt the Central Bank of Japan to maintain its policy path for another rate hike this year—as long as authorities are confident that they can withstand the ongoing pressure of US trade policies on global business with resilient domestic demand.

Jin10 data on August 14: The Bank of Canada discussed a 25 basis point rate cut at its July meeting, but the ongoing trade disputes with the United States, the resilience of the Canadian economy, and the rising Inflation risks ultimately led the Bank of Canada to keep the policy interest rate at 2.75% for the third consecutive meeting. The minutes of the Bank of Canada meeting stated, "It is still too early to assess how tariffs and trade restructuring will affect Canada's economic activity and Inflation. The committee members unanimously agreed that if the economy continues to weaken and core inflation pressures diminish, they need to wait for clearer information before drawing a definitive conclusion about whether there is more room for easing."

According to Jin10 data on August 13, the Central Bank's data shows that in July, the cross-border Renminbi settlement amount under the current account was 1.57 trillion yuan, of which the amounts for goods trade, services trade, and other current accounts were 1.15 trillion yuan and 0.42 trillion yuan respectively; the cross-border Renminbi settlement amount for direct investment was 0.64 trillion yuan, with foreign direct investment and domestic direct investment amounting to 0.22 trillion yuan and 0.42 trillion yuan respectively.

Jin10 data reported on August 13: Central Bank: At the end of July, the balance of Broad Money (M2) was 329.94 trillion yuan, with a year-on-year rise of 8.8%. The balance of Narrow Money (M1) was 111.06 trillion yuan, with a year-on-year rise of 5.6%. The balance of currency in circulation (M0) was 13.28 trillion yuan, with a year-on-year rise of 11.8%. In the first seven months, a net cash injection of 465.1 billion yuan.

Today's financial highlights include Germany's CPI, the IEA oil market report, and the US EIA crude oil inventory data. Meanwhile, Fed officials will speak on monetary policy and economic outlook, and the Bank of Canada will also release the minutes of its monetary policy meeting.

On the 12th, the Bank of Korea released data showing that due to positive prospects for the US-Korea tariff negotiations and good corporate performance, the net inflow of foreign investment in Korean securities and bonds reached $4.83 billion in July, marking three consecutive months of net inflows of foreign capital.

Jin10 Data, August 12 – Betashares economist David Bassanese stated that the Reserve Bank of Australia seems likely to further lower interest rates. The inflation rate is close to the midpoint of the 2%-3% target range, and the official interest rate remains at a constraining level within the neutral zone. In fact, the Reserve Bank of Australia's prediction of manageable potential inflation is based on expectations of further rate cuts.

Golden Finance reports that the Governor of the Reserve Bank of Australia, Philip Lowe, stated that if the Fed lowers interest rates too quickly, it will have an impact on the global economy.

Golden Finance reports that the Reserve Bank of Australia has lowered the Benchmark Interest Rate by 25 basis points to 3.60%, in line with market expectations, marking the third rate cut this year.

The Reserve Bank of India sold at least $5 billion in the forex market this month to support the depreciating rupee, which could become the largest net selling month since January. The rupee has depreciated more than 2%, partly due to Trump's tariff hike plans.

A survey shows that the European Central Bank will implement its next interest rate cut in December, expected to drop to 1.75%, and maintain it for 9 to 10 months. This decision could provide policymakers with more time to assess the impact of trade turbulence.

Jin10 data reported on August 11 that the Reserve Bank of New Zealand plans to cut about one-fifth of its staff in the next two months in response to the government’s decision to restrict its funding. A spokesperson stated on Monday that the bank intends to net cut 142 positions, which accounts for 21% of its approximately 660 employees. Affected personnel are expected to leave by October 13. In April of this year, the Reserve Bank of New Zealand indicated that it would review its spending and staffing levels after reaching a five-year funding agreement with the government that was below its original expectations. The then-Governor, Adrian Orr, believed that the revised funding was insufficient to effectively fulfill all responsibilities, which was seen as the reason for his unexpected resignation in early March.

The Reserve Bank of Australia is expected to implement its third interest rate cut of the year this week, lowering the cash Intrerest Rate to 3.6%. Despite easing inflationary pressures, Chairman Bullock remains cautious about monetary policy. Latest data indicates that core inflation has decreased to 2.7%.

Jin10 data reports on August 8, Investec economist Philip Shaw wrote in a report to clients that the UK economy may have slowed in the three months ending in June. UK GDP data will be released next week, and according to Investec's estimates, growth for the quarter may drop from a strong 0.7% growth in the first quarter of this year to 0.2%. This will to some extent validate the Bank of England's decision this week to lower interest rates by 25 basis points to 4.00%.

Jin10 Data reported on August 8 that the Reserve Bank of Australia will announce its interest rate decision next Tuesday, with the market expecting it to lower the official cash rate by 25 basis points to 3.6%. Citigroup economist Faraz Syed stated that the overall tone of this announcement may be neutral, with a slight dovish inclination. He added that due to forecast revisions showing a slight rise in the unemployment rate in 2026 and a slight decline in the inflation rate, the tone of this announcement may be slightly more dovish compared to previous statements.

Gate News bot message, Andriy Pyshnyy, the governor of the National Bank of Ukraine (NBU), recently expressed his support for the legalization of Crypto Assets but opposed using them as a means of payment. According to Cryptonews, Pyshnyy emphasized that the legalization of Crypto Assets should not affect the effectiveness of the Central Bank's monetary policy tools. Pyshnyy also revealed that the NBU is testing the architecture model for digital currency (CBDC) and preparing for pilot projects. Considering Ukraine's European integration process, the NBU is closely monitoring the progress of the digital euro project and has currently collaborated with the European Central Bank, the Deutsche Bundesbank, the National Bank of Belgium, the Banque de France, and the Monetary Authority of Singapore.

The survey shows that India's retail inflation rate is expected to drop to 1.76% in July, the lowest in 8 years, below the tolerance range set by the Central Bank, mainly due to the control of food prices. This will mark the ninth consecutive month of declining inflation.

Gate News Bot news, on August 8, according to CoinMarketCap data, as of the time of writing, BTC (Bitcoin) is currently priced at $117,300, rising 2.05% in the last 24 hours, with a peak of $117,700 and a low of $111,900. The 24-hour volume reached $66.367 billion. The current market capitalization is approximately $2.33 trillion, an increase of $46.813 billion compared to yesterday. Bitcoin is an innovative payment network and a new type of currency. Bitcoin operates on a peer-to-peer technology, requiring no central authority or bank; the network collectively manages transactions and the issuance of Bitcoin. Bitcoin is open-source; its design is public, no one owns or controls Bitcoin, and anyone can participate. Through its many unique properties, Bitcoin

According to a report by Jin10, based on the summary of opinions from the July monetary policy meeting released by the Bank of Japan on Friday, one committee member stated that if the impact of U.S. tariffs on the economy proves to be small, the Bank of Japan may end its current wait-and-see mode and restart interest rate hikes before the end of this year. Another committee member pointed out that the current policy interest rate of the Bank of Japan is 0.5%, which is below the level considered neutral for the economy, and therefore the central bank must continue to raise interest rates.

Jin10 data August 7th news, Ebury strategist Matthew Ryan stated in a report that the Bank of England's cautious stance on interest rate cuts during Thursday's meeting is a double-edged sword for the pound. Although the prospect of interest rates remaining high for a longer period should boost the pound, the reluctance to loosen policy may "cause further damage to the already fragile UK economy."

Jin10 data reported on August 7th that LSEG's data shows the currency market expects an 81% chance that the Central Bank of the UK will cut interest rates in December, down from the 96% expectation before the rate decision. The market also believes there is only about a one-third chance that the Central Bank of the UK will cut rates in November, which will maintain the Central Bank of the UK's recent quarterly rate cut pace. EFG Asset Management analyst Joaquin Thul stated in a report that the Central Bank of the UK may remain cautious as it expects inflation to reach twice the 2.0% target level by September.

Jin10 data, August 7th report: Fitch's chief economist Brian Coulton stated that policymakers at the Bank of England seem generally willing to keep interest rates within a restrictive range. He mentioned in a report that the vote to lower the benchmark interest rate by 25 basis points to 4% passed with a margin of 5 votes to 4, and cannot truly be described as a dovish rate cut, even though rate setter Allen Taylor initially pushed for a 50 basis points cut. The message from the Bank of England emphasizes the increasing risks of rising medium-term inflation prospects, as well as the potential for rising food prices to boost household inflation expectations. Despite clearer evidence showing that the labor market is weakening and wage pressures are easing, we do not expect another rate cut before November.

Jin10 Data reported on August 7 that the Bank of England Governor Bailey stated that consumers are more cautious than policymakers had expected. "Consumers appear to be more cautious than we had anticipated, and the broader downside risks to economic activity, along with the risks of sudden adverse developments in the labor market, may have exacerbated this perception. Food and energy prices are very important to consumers and often have a greater impact on inflation expectations than other prices, so we must be very careful to avoid any additional second-round effects on wage and price setting in the economy."

MHA economic adviser Joe Nellis stated that the Bank of England has slightly lowered the Benchmark Interest Rate, reflecting a concern for economic rise and rising unemployment rates. Despite a slowdown in wage growth, inflation still needs to be monitored, and it is expected that there may be 1 to 2 rate cuts this year.

The Bank of England reiterated its gradual and cautious interest rate cut strategy and hinted that rate cuts may soon come to an end, stating that the monetary policy has become less restrictive. This is a blow to the Chancellor and the Prime Minister, as they are committed to accelerating economic growth. Bailey believes that the interest rate cut decision was made after balanced consideration.

Jin10 data August 7 news, Bank of England: expected GDP rise of 1.25% in 2025, previously estimated at 1%. Expected GDP rise of 1.25% in 2026, previously estimated at 1.25%. Expected GDP rise of 1.5% in 2027, previously estimated at 1.5%.

Golden Finance reports that the Bank of England: 5 voted in favor of a 25 basis point rate cut, while 4 voted to keep the interest rate unchanged.

Jin10 reported on August 7 that the Bank of England has lowered the policy interest rate from 4.25% to 4%, marking the fifth rate cut in this round of easing, in line with market expectations.

1. Interest Rate Level: The Bank of England is expected to cut rates by 25 basis points to 4.00%, marking the fifth rate cut in this cycle. 2. Voting Proportions: The divisions among the 9 voting members are expected to remain as "three factions," namely cutting rates by 25bp, 50bp, and no rate cut. 3. Balance Sheet Reduction Outlook: The Bank of England may slow down the pace of reducing its holdings of UK government bonds, which is currently being reduced by £100 billion per year. 4. Forward Guidance: The Bank of England may maintain its guidance of cutting rates once per quarter, which is likely to change after the autumn budget.

Jin10 reported on August 6 that Pictet Asset Management strategists stated in a report that there is a risk of depreciation for the yen against the dollar. They mentioned that political and economic uncertainties could put pressure on the yen. Last month's Senate elections in Japan increased the risk of a hung parliament. Concerns over potential increases in public borrowing are also putting pressure on government bonds. This could prompt the Central Bank of Japan to withdraw its quantitative easing policy, which would be unfavorable for the yen. They indicated that the dollar's weakness so far this year has also been somewhat excessive, and therefore it should experience a period of consolidation.

Jin10 Data August 6th News, Ebury strategist Matthew Ryan said in a report that the reaction of the British pound to the UK Central Bank's meeting on Thursday depends on the voting ratio of the interest rate decision and the Central Bank's guidance on future interest rates. He expects the UK Central Bank to decide to cut interest rates by 25 basis points with a 7 to 2 voting result. However, if UK Central Bank policymakers Dingra and/or Taylor vote to cut interest rates by 50 basis points as they did in May, that would not be a big surprise. He said this could trigger a selling of the pound, and the Central Bank's gradual cautious guidance on interest rate cuts would also be canceled.

BlockBeats news, on August 6, according to The Block, KakaoBank's CFO Kwon Tae-hoon stated at the performance release meeting for the first half of 2025 that the bank is evaluating the issuance and custody business of digital assets and collaborating with Kakao Group's stablecoin working group. KakaoBank has accumulated experience in the issuance of real-name accounts on crypto assets trading platforms, AML monitoring, and other risk management aspects, and has participated in the Central Bank of Korea's central bank digital currency pilot project.

Jin10 data reported on August 6, the International Group stated that after recent appreciation, the Czech koruna still has room for a pump, as the Central Bank of the Czech Republic may signal during Thursday's meeting that interest rates will remain high. Data released on Tuesday showed that the inflation rate in the Czech Republic slightly fell from 2.9% in June to 2.7% in July, but this did not change the Central Bank's cautious stance on interest rate cuts. The International Group expects that at Thursday's meeting, the Central Bank will keep the Benchmark interest rate unchanged at 3.5% and does not expect any further cuts for the remainder of the year.

Turkey's Finance Minister Simsek stated that Turkey's anti-inflation process will continue, and inflation is expected to fall to single digits within two years, aligning with the Central Bank's forecast range of 19%-29% by the end of the year. He emphasized that the necessary conditions for slowing inflation are in place and looks forward to lasting stability.

Jin10 data reported on August 6, the European Central Bank board member Holzmann stated: "At the last meeting, most of us agreed that monetary policy now needs to be primarily robust. After several rate cuts, we are currently at an expansionary level. For Europe and even globally, the neutral interest rate is likely to rise again, so our prudent approach is to keep rates unchanged, waiting for further economic developments, rather than trying to meet market expectations. We are not currently in a tightening state and should not react solely to short-term developments."

Jin10 data reported on August 6th that Goldman Sachs raised its net profit forecasts for Gu Ming (01364.HK) and Mixue Group (02097.HK) by 9% and 1% this year, reflecting that the duration of food delivery subsidies exceeded expectations. It also raised Gu Ming's profit forecast for next year by 4%, reflecting robust performance of new products and efforts in brand investment from 2024 to 2025. The bank raised its target price for Gu Ming from 29.2 HKD to 30 HKD, and Mixue's target price from 597 HKD to 599 HKD, with both rated as "Buy".

Jin10 data reported on August 6, the Central Bank of Chile: will launch an international reserve accumulation plan in the next three years, with a maximum daily accumulation of 25 million USD. This measure is part of the financial management strategy, aimed at gradually replacing part of the existing foreign currency credit lines with the country's international reserves. The plan will be launched on August 8, and is expected to accumulate about 18.5 billion USD over three years. The measure will be reviewed every six months, and adjustments may be made if there are significant changes in market conditions. This measure is in line with the inflation targeting system and the floating exchange rate system.

Jin10 data reported on August 5th that UBS strategists stated in a report that the bank is buying 10-year U.S. Treasuries/German Bunds, betting that economic stagnation will push down U.S. Treasury yields. When UBS entered, the spread between 10-year U.S. Treasuries and 10-year German Bunds was 157 basis points, with a target of reducing it to 135 basis points. UBS also expects the growth gap between the U.S. and the Eurozone to narrow. They stated: "The threshold for the European Central Bank to cut interest rates in September seems very high, which may also help the trade."

Jin10 data reported on August 5th that, according to foreign media analysis, the USD/INR hit a historic high of 88.03 on Tuesday, slightly above the 88 peak set in February this year. At that time, the Indian Central Bank intervened aggressively to curb the rise of the USD/INR in February. However, there are currently almost no signs of large-scale selling of dollars like there were at that time. Since February, the Indian Central Bank has lowered interest rates and built foreign exchange reserves to support the USD/INR. The new high reached by the USD/INR on Tuesday may not be the last time, as the currency pair could continue to test 88.25 or even 90.16.

Golden Financial reports that traders say the Central Bank of India may sell dollars in the local Spot market before it opens to support the rupee. (Jin10)

The Bank of Japan's concerns about inflation have intensified, with committee members believing that the inflation outlook may exceed expectations, but uncertainties remain. Governor Kazuo Ueda maintains a hawkish stance but states that inflation will slow down next year and that interest rates are not expected to rise this year. The Japan-U.S. trade agreement has been completed, and the economic impact is yet to be assessed.

Jin10 reported that the minutes from the Bank of Japan meeting indicated that some members expressed that once trade issues stabilize, the Bank of Japan may consider resuming interest rate hikes.

Jin10 data, August 4th - XTB analyst Kathleen Brooks stated in a report that the UK government bond yields have outperformed those of the Eurozone, indicating that the market expects the Bank of England's rate cuts to exceed those of the European Central Bank. She remarked, "This may be a sign that bond investors believe the European Central Bank has finished cutting rates, especially after last month's inflation was above expectations." According to LSEG data, the market anticipates that the Bank of England may cut rates twice before the end of the year.

Jin10 reported on August 4th that XTB analyst Kathleen Brooks stated in a report that the Bank of England may not indicate a future interest rate drop in Thursday's rate decision. The UK's inflation rate stands at 3.6%, still above the 2% target, which drops the likelihood of a further rapid rate cut after this week's cut. LSEG data shows that the market is pricing in another potential rate cut by the Bank of England by the end of 2025.

The report pointed out that due to inflation in the UK being above the target and economic growth slowing down, UK Central Bank policymakers may have differing views on interest rate decisions, with the market expecting a 92% likelihood of a 25 basis point rate cut.

Barclays expects the European Central Bank to cut interest rates in December rather than September due to weak economic activity in the second half of the year. Economists point out that trade policy and previous import impacts are the main reasons. It is expected that by 2026, the terminal deposit interest rate will remain at 1.75%.