Market Extra: Here’s why a trade-war selloff won’t spark intervention in China’s yuan [MarketWatch]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
bnymellon.com/us/en/investor-relations/index.jsp
Company Research
Source: MarketWatch
Here’s why a trade-war selloff won’t spark intervention in China’s yuan The selloff in the yuan intensified on Tuesday, spilling into other assets, but isn’t yet reason for panic, analysts said. The yuan, both in its onshore USDCNY, +0.7284% and offshore USDCNH, +0.4044% form, first hit a 5-month low on Monday when currencies reacted to the heightened trade tensions between China and the U.S. Late Monday, President Donald Trump threatened further tariffs and on Tuesday the currency dropped through its 200-day moving average. The People’s Bank of China has been watching this market-driven devaluation from the sidelines so far, analysts said, and it should remain hands-off for now. “It’s hard to see why Beijing would want to actively weaken its currency, via intervention, given it would mean its exposure to the U.S. via holdings of U.S. Treasurys would likely increase as a result, unless it diversified the fresh FX reserves at a particularly aggressive pace,” wrote Simon Derrick,
Show less
Read more
Impact Snapshot
Event Time:
BK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BK alerts
High impacting The Bank of New York Mellon Corporation news events
Weekly update
A roundup of the hottest topics
BK
News
- KE Holdings Inc. to Hold Annual General Meeting on June 14, 2024 [Yahoo! Finance]Yahoo! Finance
- US Bond Market Sells Off as Sticky Prices Weigh on Fed Rate Path [BNN Bloomberg (Canada)]BNN Bloomberg
- BNY Mellon to sell its Canadian trust unit to Computershare [Seeking Alpha]Seeking Alpha
- Computershare to buy BNY Trust Company of Canada [Yahoo! Finance]Yahoo! Finance
- Computershare to buy BNY Trust Company of CanadaBusiness Wire
BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/25/24 - Form 13F-NT
- 4/25/24 - Form 13F-HR
- 4/24/24 - Form N-CSRS
- BK's page on the SEC website