Tag: Financial markets

Traders and investors are usually resilient, but recent comments by former President Donald Trump have rattled their confidence. Following Trump's statement that Taiwan should pay for its own defense against China, shares of major...

The recent economic data from China has been disappointing, leading to a revision in the annual GDP growth forecast for 2024. The country's economy has shown a renewed downturn, with weak domestic consumption being...

Macquarie analysts have recently warned about the potential risks of the United States adopting populist economic policies, which they have dubbed "popunomics." According to these analysts, the traditional "neoliberal vision" of economic policy management...

Gold prices have surged to a new all-time high of $2482, with a significant increase of 1.9% in a single day - the largest jump since December 13. This rise comes after breaking through...

In a recent speech, Fed Governor Adriana Kugler highlighted the ongoing trend of decreasing inflation across various price categories. Despite some challenges earlier in the year, she mentioned that supply and demand are gradually...

Federal Reserve officials will be speaking on Wednesday, July 17, 2024, to provide updates on the economy. Thomas Barkin, President of the Federal Reserve Bank of Richmond, will be sharing his thoughts on the...

Global core bonds saw some gains ahead of the release of US retail sales data. UK gilts performed slightly better than Bunds and Treasuries as investors prepare for the upcoming June CPI numbers. There...

The Bank of Canada is set to meet on July 24, and many economists are predicting a rate cut. This prediction is further supported by the fact that interest rate derivatives are now indicating...

The People's Bank of China announced on the 15th of this month that the Medium-term Lending Facility (MLF) rate will remain at 2.5%. This news comes amidst expectations of no change to the rate...

The upcoming events in the market for the week of July 15-19 are as follows:On Monday, we have various events including the New Zealand Services PMI, PBoC MLF, China Industrial Production and Retail Sales,...

Gold has been a valuable asset for centuries, starting from ancient times when it was used for various purposes such as jewellery, religious ceremonies, and trade. Throughout history, gold has played a crucial role...

The Dollar saw a significant decline last week as market expectations for the Federal Reserve’s policy shifted, making a rate cut in September almost certain. The US CPI report indicated a cooling economy and...

JPMorgan Chase CEO Jamie Dimon recently shared his concerns about inflation and interest rates during an interview on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland. Despite some progress...

In the United States, inflation has decreased more than expected in June, increasing the likelihood of a rate cut in September. This news comes after Federal Reserve Governor Lisa Cook mentioned that a "soft...

Last week, the US saw a significant selloff in mega-cap tech stocks following lower-than-expected inflation data. This led to a shift towards riskier areas of the market, with the Russell 2000 emerging as the...

The European Central Bank (ECB) is set to conclude its two-day policy meeting on Thursday. It is not expected to make any changes to interest rates after a 25 basis point cut last month....

Inflation has decreased significantly in the past two years, leading to some consumer prices deflating in the U.S. economy. Deflation refers to the rate at which prices are falling for consumer goods or services,...

It's already halfway through 2024, and the countdown to the US presidential election has begun. While geopolitical tensions like the Ukrainian-Russian conflict and Israeli-Hamas situation are ongoing, the focus has shifted towards political risks...

Last week's key insights revolve around the Westpac-MI Consumer Sentiment Survey, indicating a 1.1% decrease in the headline index to 82.7. This decline reflects ongoing household pessimism due to concerns about inflation and potential...

The upcoming ECB meeting is expected to be a review meeting rather than one where new policies are announced. Lagarde has emphasized that data on profits, wages, and productivity will be crucial factors, but...

Central banks play a crucial role in maintaining price stability within a country or region. This is achieved by managing inflation and deflation through the adjustment of the policy rate. For major central banks...

Today in the world of finance, there are a few key updates to keep an eye on. Firstly, it has been announced that US President Trump will be speaking at the Bitcoin 2024 conference...

Gold prices have been on the rise for the past three days, although the bullish momentum seems to be lacking. This increase in price is partly due to the expectations that the Federal Reserve...

The inflation report that is highly anticipated is set to be released on Thursday and it may confirm the expectations for the Federal Reserve to reduce interest rates in the upcoming months. The report...

The UK economy has shown signs of improvement, with GDP growing by 0.7% in the first quarter of the year. Analysts are now expecting a 0.2% increase in GDP for the month of May,...

The Pound Sterling saw a rise to 1.2842 against the US Dollar following comments from the Bank of England's Huw Pill cautioning against making policy decisions based on single data points. The GBP/USD pair...

Westpac recently responded to the Reserve Bank of New Zealand (RBNZ) statement, noting that it came as a surprise to the markets due to its dovish tone. Contrary to expectations that the brief statement...

Goldman Sachs recently made a prediction about the US economy, stating that they expect a soft landing. They also anticipate that the Federal Reserve will cut interest rates in September. This news has caught...

The Mexican Peso saw a significant increase in value as the USD/MXN pair dropped below 18.00. This surge was driven by the positive inflation data released in June, with the country's Consumer Price Index...

Oh no, why do people get so scared when they hear the word "correction"? It's like the end of the world when the market drops a few percent. But corrections are actually necessary and...

Jerome Powell, the chairman of the US Federal Reserve, expressed his concerns about the potential negative impact of keeping interest rates high for extended periods on economic growth. He highlighted the strength of the...

The euro is not moving much today. It is currently trading at 1.0819 against the US dollar, which is a slight increase of 0.05%. Investor confidence in the eurozone, as measured by the Sentix Investor...

Jerome Powell, Chairman of the US Federal Reserve (Fed), recently delivered the Semi-Annual Monetary Policy Report and responded to questions from the Senate Banking Committee. Powell highlighted several key points during his speech, emphasizing...

The Japanese Yen (JPY) faced challenges in the foreign exchange (FX) markets due to Japanese individuals making overseas asset purchases through the Nippon Individual Savings Account (NISA) program. This tax-free investment scheme has led...

The Bank of Korea (BOK) has decided to keep its policy rate at 3.50%, which is the highest in 15 years. However, a Reuters poll suggests that the rate is expected to be cut...