Tag: Economy
Mexican Peso Weakens Amid Support for Judicial Reform: What Investors Need to Know
The Mexican Peso faced a slight decline against the US Dollar on Monday, dropping by 0.29% as investors turned risk-averse due to weak economic data from China and political uncertainties in Europe. This volatility...
Federal Reserve Caution: Interest Rates Will Remain Steady Amid Cooling Inflation Data
The Federal Reserve has announced that interest rates will remain steady for the time being, despite recent cooling inflation data. The Fed is looking for more positive inflation data before considering any rate cuts....
Euro Stable as Market Anxiety Eases – Action Forex
The euro remained stable on Monday, with EUR/USD trading at 1.0714, up 0.10% on the day. The recent market anxiety triggered by the upcoming snap parliamentary election in France led to a sell-off in...
Stock Market Update: Nasdaq Leads Gains in Latest Trading Session
The stock market in the US is seeing an overall increase today, with the NASDAQ index leading the way towards gains. If the NASDAQ closes positively today, it will mark the sixth consecutive record...
Is Trump the reason for record-breaking stock market highs?
The stock market hit record highs on Monday, with the Dow, S&P 500, Nasdaq, and Russell 2000 all reaching new peaks. Investors are excited and optimistic about the future of both large multinational companies...
Australian Dollar: On Defensive Near 0.6600 as Fed Plans Rate Cut
The Australian Dollar (AUD) continued its decline for the third day in a row on Monday, mainly due to the strengthening US Dollar (USD). This decline is a result of the expectation that US...
Gold price surges as US inflation falters against Fed’s hawkish stance
Gold prices surged above $2,330 as investors placed their bets on the Federal Reserve (Fed) cutting interest rates later in the year. This increase was driven by the latest inflation data from the United...
Gold Price Drops Following Release of U.S. Producer Prices Data
Gold prices took a hit on Thursday following the release of U.S. producer prices data. The U.S. Federal Reserve recently announced that they would only be cutting interest rates once this year, which is...
Saudi Deputy Minister Emphasizes Kingdom’s Manufacturing Sector Growth
The Middle East region is experiencing a surge in startup activity, with entrepreneurs securing funding across various sectors. Investment pools have been established, with Qatari and Emirati venture capitals looking to boost the ecosystem...
Egypt’s net foreign assets deficit contracts $586m in April
Egypt's Net Foreign Assets Deficit Contracts $586m in AprilEgypt's net foreign assets (NFAs) deficit contracted by $586m in April, marking the third consecutive month of decline, according to data released by the central bank....
Mint Explainer: Why India’s net FDI is at its lowest level since 2007
India's Net FDI Hits Lowest Level Since 2007India has seen a significant decline in foreign direct investment (FDI), with net FDI dropping to its lowest level since 2007, according to recent data released by...