{"id":5887,"date":"2025-12-02T12:11:42","date_gmt":"2025-12-02T04:11:42","guid":{"rendered":"https:\/\/www.bis.hk\/?p=5887"},"modified":"2025-12-02T12:11:42","modified_gmt":"2025-12-02T04:11:42","slug":"taxonomy-of-profits","status":"publish","type":"post","link":"https:\/\/www.bis.hk\/zh-hk\/taxonomy-of-profits\/","title":{"rendered":"Taxonomy of Profits"},"content":{"rendered":"\n<p><img decoding=\"async\" style=\"width: 30px;\" src=\"https:\/\/www.bis.hk\/wp-content\/uploads\/2020\/11\/833px-PDF_file_icon.svg_.png\" alt=\"\"> Taxonomy of Profits \u2013\u00a0<a href=\"https:\/\/www.bis.hk\/PDF\/2025-12-01_chart.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download Chart of the week<\/a><\/p>\n\n\n\n<p><img decoding=\"async\" style=\"width: 30px;\" src=\"https:\/\/www.bis.hk\/wp-content\/uploads\/2020\/11\/833px-PDF_file_icon.svg_.png\" alt=\"\"> The Market Place \u2013\u00a0<a href=\"https:\/\/www.bis.hk\/PDF\/2025-12-01_marketplace.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download Market Data<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Market sentiment in late Nov was driven by growing Fed-cut bets and liquidity shocks (CME outage), producing a fragile rally that coexisted with profit-taking in tech.<\/li>\n\n\n\n<li>The Budget week (26 Nov) refocused markets on fiscal credibility, tax rises and weak investment forecasts kept gilt and sentiment risk elevated.<\/li>\n\n\n\n<li>European policymakers focused on managing geopolitical funding choices and financial-stability risks as downside growth and political frictions kept investor caution high.<\/li>\n\n\n\n<li>November data reinforced the slowdown narrative, manufacturing contraction plus weak domestic demand kept focus on whether Beijing will shift from targeted support to larger stimulus.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The week combined structural liquidity risk, with macro drivers (Fed-cut expectations) that pushed flows toward safe havens and set a volatile template heading into December. <\/p>\n<p class=\"customLink\"><a class=\"\" href=\"https:\/\/www.bis.hk\/zh-hk\/taxonomy-of-profits\/\">\u66f4\u591a<\/a><\/p>\n","protected":false},"author":2,"featured_media":5119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-5887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-47"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/posts\/5887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/comments?post=5887"}],"version-history":[{"count":1,"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/posts\/5887\/revisions"}],"predecessor-version":[{"id":5890,"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/posts\/5887\/revisions\/5890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/media\/5119"}],"wp:attachment":[{"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/media?parent=5887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/categories?post=5887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bis.hk\/zh-hk\/wp-json\/wp\/v2\/tags?post=5887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}