Market Talk – May 16, 2024
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 534.53 points or 1.39% to 38,920.26 Shanghai increased 2.50 points or 0.08% to 3,122.40 Hang [...]
China continues to sell US Treasury bonds trying to keep the dollar down to aid the Federal Reserve. Saudi Arabia, however, has been in a different position having to liquidate US Treasury holdings for they are is a serious financial crisis. September shows a modest sale of $46 billion dollars. Private investors sales were $7.9 billion dollars, while the net sales of foreign institutions amounted to $38.7 billion dollars, according to the US Department of Treasury announcement.