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【每周5分钟财经新闻】美联储十年首次加息,迪士尼牵手阿里巴巴

【每周5分钟财经新闻】美联储十年首次加息,迪士尼牵手阿里巴巴 贝街论坛
2015-12-24
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导读:美联储十年来首次加息,中国房价恢复上涨趋势
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作者:小统君 美工编辑:Zoey

US Interest Rate Hike

The Federal Reserve raised interest rates for the first time in almost a decade. Policy makers on Wednesday voted 10 to 0 to lift the Fed’s short-term borrowing rate by a quarter-point to a range of 0.25% to 0.5%.


The details of policy tool include increase IOER (Interest On Excess Reserves) to 0.5%, increase 20 basis RRP (Reserve Repo program) to 0.25%, eliminate the ceiling on $3oo billion a day, raise the discount rate by 25 basis points to 1%.

The Fed fueled appetite for US assets that’s drawing the demand from overseas. The USD index rose to 98.710 on Friday, the stronger USD bring down the commodity index, the commodity index drop to the lowest since 1999.


Reacting to the interest rate hike, American bond market fell on Friday as the yield on US 10yr Treasury go down by 1.60% to 2.202. US equity market fell dramatically with the S&P 500 and the Dow losing 1.78% and 2.10% on Friday.

Top News Fastlane 新闻快报
1
International
1. China Home-price Increase Spread to More Cities

After Chinese authorities rolled out easing measures targeting regions with a surplus of unsold homes, China’s home-price recovery spread to more cities. This move successfully stimulate the home-price from the demand side by bring down personal mortgage rates, break the uneven growth in different regions.


2. Ireland Seeking Renewables to Provide 16% of Energy by 2020

Ireland currently has about 2.7 gigawatts of clean energy installed, it would need to raise it to about 3.5 to 4 gigawatts to meet its targets. The government will introduce a new support program to develop bioenergy, solar and offshore technologies such as marine power.


The developed countries started to switch to green energy provider without sacrificing hi-end living standard. Their experience is valuable lessons especially for developing countries.


3. White House Announces Support For Plan Allowing Oil Exports

White House announce support for a $1.1 trillion spending plan that would avert a U.S. government shutdown and lift the 40-year-old ban on crude oil exports. The inventories of crude oil in US increased 4.801 million barrels which is the biggest increase in two months.


Once American’s huge oil production enter into the international market, it would exacerbate the concern on excess supply and bring down the oil price.


4. US Natural Gas Is 20-year Low in Warm Weather

The data from whether service shows that temperatures will be above normal across the eastern US through Dec 29, in Manhattan it will be 16 Celsius during the Christmas season. The high temperature leads to the lower demand for heating. Gas futures for January delivery dropped 0.9 percent in Monday.


The Analyst at ICAP Energy jokes that only the major shift in the weather could save the energy sector. Besides the joke perhaps we should pay attention to the global warming and excessive emissions of CO2.


2
Finance & Economy
5. Bank of Japan Announces Extra Easing Measures

The Bank of Japan announced supplementary measures for its quantitative easing program Friday, committing to increasing its exposure to longer-term government bonds and domestic stock funds. And BOJ will also buy ETF with the company proactively making investment in physical and human capital.


This surprise move is aim to attract investor to boost real economic growth, however, BOJ’s inaction recently also raised doubts on the former commitment of 2% inflation target.


6. Extension of Tax Credit for Solar and Wind in US

U.S. lawmakers agreed to extend tax credits for solar and wind for another five years. The extension will add an extra 20 gigawatts of solar power, this deal is like adding another America of solar power into the mix.


The tax credit offers producers more option and lower cost. The technology development and the facilities construction in renewable energy will be important for sustainable economic growth and economy diversification.


7. Disney Teams With Alibaba to Stream Films to Chinese Viewers


After reached deals to buy Youku Tudou in October this year, the e-commerce giant, Alibaba, showed stronger intensity in entertainment sector by reaching the licensing agreement with Disney which include delivering Disney movies, games and traveling services in China. This cooperation is able to take advantage of the growth in consumer discretionary sector which is an important sector to a steady growth country.


3
Technology
8. Google to Make Driverless Cars an Alphabet Company in 2016

Google is making progress on its self-driving car and the testing vehicles have logged more than 1 million miles on public road. The project could be deployed first in confined areas. Passenger safety and technical cost seems be the major obstacles for launching the self-driving car.



9. Apple, Samsung Agree With UnionPay for China

Apple Inc. and Samsung Electronics Co. reached separate agreements with China UnionPay Co. to introduce their competing mobile payments systems in China next year. It would be interesting to see the competition in payment area in the world largest market when the existing payment tool is Alipay and Tenpay provided by two largest Chinese technology company.


Indices Snapshot 重要指数
Blue: Gold price change Red: Crude oil price change
Blue: S&P 500 change Red:S&P/TSX change
Blue: CAD/CNY change Red: USD/CAD change
Sources: Bloomberg, Market Watch, Yahoo Finance



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