Chapter 26: Capital Frenzy(2/2)
The index index obtained after weighted processing is a leading indicator of a country's future housing sales activities. It can provide more reliable information about the direction of the housing market than any existing indicators.
This indicator is forward-looking because it takes several weeks after a contract is signed to be included in the sale of existing homes.
The index rose, suggesting the neon housing market is improving.
The market's previous forecast was for an increase, but now the data released is for a decrease.
Even if it's just a 0.06% drop, that's still a drop.
This means that Neon’s real estate, which has been lost for ten years, looks like it will continue to lose.
Then another economic data from Neon Country came out, the latest business activity index released by Neon Central Bank
[Previous value: 3.3]
[Expected: 5]
[Published value: 1.1]
If the data is above 0, it means that the field is expanding.
The opposite means decline.
The sub-data included include: capacity utilization, new orders, prices paid for raw materials, shipments, prices of finished goods, and employment index.
The region's manufacturing product exports are mainly concentrated in energy production and electronic products.
The region's manufacturing exports account for a large share of neon manufacturing exports.
Now in 2000, manufacturing is the leading industry of Neon Country's economy, which can reflect the trend of Neon Country's economy to some extent.
This data is once again far worse than expected, very bad economic data.
This has caused the Japanese yen to fall across the foreign exchange market and other currencies to appreciate.
It was also after these two data were released.
The international foreign exchange market, which was originally relatively calm, suddenly became turbulent.
Countless giants, whales, and sharks in the financial field have all woken up from rest or hibernation.
In a few minutes, trillions of dollars of capital began to fight in the entire foreign exchange market, and countless capitals were anxious and desperate.
If you look further, you will find that countless capital groups are shorting the Japanese yen at this time.
As the world's second most issued treasury bonds, Neon's treasury bonds are also being sold off in large quantities.
As the yen fell, countries holding Japanese bonds lost tens of billions of dollars, suffering heavy losses.
This forced central banks of various countries to intervene in the foreign exchange market, causing the money circulating in the foreign exchange market to reach appalling figures.
Although the central banks of various countries are very powerful, the capital consortium is not a vegetarian.
Orders worth tens of billions were placed down, and the Japanese yen, which had shown signs of recovery, fell again. Central banks of various countries had to take these orders.
The capital consortium is laughing and making a lot of money.
Crazy smashing.
All the orders accumulated in the past were sold out at once, and even the central banks of various countries couldn't bear it.
In this crazy capital frenzy.
Chapter completed!