Institution: US government shutdown nears its end, investors look forward to data guidance
Jinse Finance reported that Simon Ballard, Chief Economist at First Abu Dhabi Bank, pointed out in a report that although progress has been made in ending the US government shutdown, as long as mainstream economic data continues to be absent, the market will remain in a state lacking guidance. The economist stated that this leaves investors without clear direction and highly susceptible to short-term headline risks. "In addition, we expect that, for the foreseeable future, interest rate volatility and uncertainty will remain elevated," he added. Currently, there is a turning point in the US government shutdown deadlock—as some Democratic lawmakers voted in support, the Senate has cleared procedural obstacles and officially advanced the bill to end the shutdown.
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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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