[Jinshi Data Compilation: Summary of important news in European and American markets on September 23]
Domestic News:
1. The People's Bank of China restarted the 14-day reverse repurchase, and the winning bid rate was lowered to 1.85%.
2. Industrial and Commercial Bank of China: In the next five years, credit investment in key grain areas will be no less than 1 trillion yuan.
3. National Development and Reform Commission: 300 billion yuan of treasury bond funds to support the "two new" work have been fully allocated.
4. Ministry of Finance: Requires that funds related to the “two new” work shall not be used to repay government debts, etc.
5. Peng Lifeng of the People's Bank of China: Vigorously support technological transformation and equipment renewal projects in key areas.
6. National Development and Reform Commission: It is expected that 2 million low-emission passenger cars will be phased out throughout the year.
7. Pan Gongsheng: We will continue to adhere to a supportive monetary policy stance, increase the intensity of monetary policy regulation, and improve the precision of monetary policy regulation.
8. Ministry of Commerce: We regret that the EU has submitted the anti-subsidy investigation to the WTO dispute settlement mechanism.
9. China and Switzerland officially launched negotiations to upgrade the Free Trade Agreement.
10. The “price war” caused dealers’ capital chain to break, and the China Automobile Dealers Association submitted an emergency report to government departments.
International News:
1. Many places in southern and eastern Lebanon have been hit by intensive Israeli air strikes, killing 274 people.
2. The initial value of the S&P Global Manufacturing PMI in the United States in September was 47, the lowest in 15 months.
3. Traders increased their bets on a rate cut by the European Central Bank, with the probability of a 25 basis point cut in October at 40%.
4. Fed-Goolsby: More interest rate cuts may be needed in the coming year, and interest rates need to fall significantly. The unemployment rate is trending upward, but the level is still low; Bostic: The 50 basis points cut in interest rates at this meeting does not "lock in" the pace of future interest rate cuts; Kashkari: The Fed is expected to take more measures in the future. A small rate cut, and there will be two more rate cuts this year, by 25 basis points each time. (Reprinted from: Jinshi Data)