The Federal Reserve has lifted the interest rate by 0.25%. Stock market, especially large-cap segment, reacted negatively towards the rate hike. Cross border mid-cap benchmark CES China 280 (CES 280) edged down 0.7%, while the cross border large-cap benchmark CES China 120 (CES 120) plunged 2.2%.
Several research institutions estimated favorable Macao Gross Gaming Revenue (GGR) in June, to reach approximately MOP19-20 billion with a 27-31% YoY growth. CES Gaming Top 10 (CES G10) rose 1.5% during the week, outperformed most of the mainstream indices.
