Tolate, shocking inflation numbers out of the US overnight. There is now talk (more like a leak to condition the market) of a 1% rate hike by the Fed at the next meeting. Analysts speculate Fed chairman now tries to frontload the big hikes and then back off.
That could turn out perfectly for the ANS relisting and IPO in Q4 as the global equity markets will hopefully have stabilized.
Fingers crossed as the global economy is in uncharted waters. There is no guarantee the Fed won't keep hiking into early next year as it was badly behind the curve with inflation now seemingly accelerating.
We naturally wish Ding secures the infrastructure funding ASAP and project kicks off but delays can sometimes turn out to be the silver lining or blessing in disguise.
Bring it on !!
Tolate, shocking inflation numbers out of the US overnight....
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