Trump Considers National Economic Emergency to Implement Universal Tariffs in Second Term
Introduction In a move that could significantly reshape global trade dynamics, President-elect Donald Trump is reportedly considering declaring a national economic emergency to justify the implementation of sweeping universal tariffs on both allies and adversaries. This strategy, rooted in the International Economic Emergency Powers Act (IEEPA), would allow Trump to bypass traditional legal hurdles and assert greater control over U.S. […]
US Stock Futures Dip Amid Hawkish Fed Outlook and Trump Tariff Concerns
U.S. stock futures edged lower as markets reacted to the Federal Reserve’s hawkish stance on interest rate cuts and President-elect Donald Trump’s proposed trade tariffs. Investors are navigating a challenging economic landscape marked by inflationary pressures, potential trade disruptions, and cautious monetary policy. This article explores the key factors influencing market sentiment and what lies […]
Trump’s 2024 Presidency and Its Impact on Europe: Security, Trade, and Political Dynamics
The re-election of Donald Trump has raised significant concerns across Europe as leaders anticipate potential shifts in U.S. foreign policy affecting security, trade relations, and political stability. European nations are now preparing for the ramifications of Trump’s “America First” approach, which may strain longstanding transatlantic alliances, challenge NATO commitments, and impact the economic and political […]
Trump’s 2024 Transition: Key Appointments, Policy Goals, and What to Expect
With his historic victory in the 2024 U.S. election, Donald Trump begins his second term by undertaking a new presidential transition. This 75-day period involves filling critical positions, implementing strategic goals, and shaping the trajectory of his administration. Unlike his first transition, Trump’s approach this time is marked by strong loyalty considerations and streamlined processes […]
How are markets responding to the election results?
Following Donald Trump’s election as the 47th President of the United States, financial markets have exhibited notable reactions: U.S. Stock Futures These gains suggest investor optimism regarding potential pro-business policies under the new administration. Cryptocurrency Market This rally reflects market anticipation of favorable conditions for cryptocurrencies during Trump’s presidency. Automotive Sector The increase is attributed […]
Trump’s 2024 Victory Speech: A Call to Unify and Fulfill America’s Greatness
In his victory speech at the Palm Beach Convention Centre, Donald Trump addressed supporters and the American people, celebrating his win in the 2024 U.S. Presidential Election. Characterizing his victory as both political and spiritual, Trump emphasized his commitment to “Promises Made, Promises Kept” and urged Americans to unite for a stronger, prosperous, and safer […]
Harris vs. Trump: Paths to 270 Electoral Votes in the 2024 U.S. Election
The race to the White House in the 2024 U.S. election hinges on a handful of swing states and strategic paths to secure 270 electoral votes. For both Kamala Harris and Donald Trump, winning these key battlegrounds could make or break their campaigns. With swing states like Pennsylvania, Wisconsin, and Georgia holding the power to […]
Understanding Trump’s 2024 Mass Deportation Plan: Implications and Execution
With the 2024 U.S. election approaching, Donald Trump has pledged to implement the largest mass deportation operation in American history, should he secure another term. His proposal targets the removal of over 11 million undocumented immigrants from the United States, raising questions about feasibility, costs, and social impact. This article explores the key components of […]
Record Highs in Gold Prices: U.S. Elections, Monetary Easing, and Global Uncertainty
As we approach the 2024 U.S. elections, the financial markets are witnessing significant volatility. One of the key indicators of global economic sentiment is the price of gold, which has surged to record highs. With heightened geopolitical risks, ongoing monetary easing by central banks, and uncertainty surrounding the U.S. presidential election, gold is once again […]
Understanding Donald Trump’s Tariff Plan: Impact on Economy, Inflation, and Trade Relations
Donald Trump’s proposed 10% tariff plan has ignited debate among economists and policymakers alike, with significant implications for the U.S. economy, inflation, and global trade. This broad-based tariff would affect a wide range of imported goods, aiming to protect domestic industries and reduce reliance on foreign manufacturing. However, the plan raises concerns over potential consumer […]
Dogecoin Surges 7% as Musk Introduces D.O.G.E. Concept at Trump Campaign
Dogecoin (DOGE), the widely-known meme cryptocurrency, experienced a significant price surge on October 18, 2024, after Elon Musk unveiled plans for a “Department of Government Efficiency” (D.O.G.E) during Donald Trump’s Pennsylvania campaign rally. This announcement reignited speculative interest in Dogecoin, driving its price up by 7%, marking the first time DOGE surpassed 13 cents since […]
ECB to Trim Interest Rates Again Amid Worsening Economic Outlook: Key Implications for the Euro
The European Central Bank (ECB) is poised to reduce its key interest rates once again at the upcoming October 2024 monetary policy meeting. As the eurozone economy faces headwinds, with inflation softening and growth indicators turning negative, the ECB is expected to take further action to support the economy. This article explores the reasons behind […]
Ethereum Price Forecast: ETH Eyes $2,800 After Support Test
Ethereum (ETH) has been in the spotlight as it edges higher following a crucial support test at its 50-day Exponential Moving Average (EMA). The cryptocurrency has shown resilience amid mixed market signals, with key metrics such as spot ETF inflows and profit-taking among investors influencing price action. This article delves into Ethereum’s recent price movements, […]
The ECB’s Dilemma: Four Arguments Against a Rate Cut Amid Economic Challenges
As the European Central Bank (ECB) approaches its next monetary policy meeting, the decision to cut interest rates once again is sparking debate. While some analysts expect the ECB to ease rates further to stimulate the economy, there are compelling arguments against this move. Commerzbank’s Chief Economist, Dr. Jörg Krämer, highlights four critical reasons why […]
Bitcoin Reclaims $64K, Over $100 Million in Shorts Liquidated
The cryptocurrency market witnessed a significant surge as Bitcoin reclaimed the $64,000 level on October 14, 2024. This breakout resulted in the liquidation of over $100 million in short positions, a substantial shake-up for traders who had bet on further downside. Alongside Bitcoin, other major cryptocurrencies like Ethereum and Solana saw positive price movements, adding […]
U.S.-China Relations in the 2024 Election: How Trump and Harris Could Shape the Future
As the 2024 U.S. presidential election approaches, the relationship between the United States and China remains a critical issue for voters and policymakers. Donald Trump and Kamala Harris offer contrasting approaches to managing U.S.-China relations, each shaping the economic, security, and trade dynamics between the two nations. This article explores their potential policies, from trade […]
Bitcoin Eyes $66K, Ethereum Tests $2,500, and Ripple Faces Resistance
The cryptocurrency market is heating up as Bitcoin, Ethereum, and Ripple are all approaching significant price barriers. As global markets continue to react to economic uncertainty and rising interest in digital assets, the technical analysis of these major cryptocurrencies reveals potential key moves ahead. In this article, we analyze the daily, H4, and H1 timeframes […]
ECB Rate Cuts, China Recovery Hopes, and FX Movements
As we enter the final quarter of 2024, global financial markets are facing a period of significant volatility. Central banks are adjusting their monetary policies in response to evolving economic conditions, and key economies like China are implementing bold measures to spur growth. In Europe, the European Central Bank (ECB) is expected to cut its […]
Bitcoin Holds $62K, Ethereum Drops, and XRP Faces Support Test
The cryptocurrency market experienced notable price movements over the last 24 hours as key assets like Bitcoin, Ethereum, and XRP faced critical support and resistance levels. Geopolitical tensions and declining institutional demand have created a cautious market environment, leading to significant sell-offs in some digital assets. This comprehensive market analysis provides a detailed breakdown of […]
Bitcoin Steadies Above $61K, Ethereum Slides, XRP Tests Support
The cryptocurrency market remains volatile as global events and institutional movements drive significant price actions. In the past 24 hours, Bitcoin held above $61,000 after a sharp sell-off driven by geopolitical tensions, Ethereum struggled to stay above $2,500, and XRP tested crucial support levels. This recap explores the key developments, price trends, and market reactions […]
Donald Trump’s Immigration Policies: Border Security, Asylum Limits, and Mass Deportation
In the 2024 U.S. election, Donald Trump is advancing a hardline immigration platform, reflecting his long-standing commitment to strict border control and enforcement. His policies prioritize completing the border wall, restricting asylum access, and implementing mass deportations. This article outlines Trump’s key immigration initiatives and the impacts of his proposed measures on the U.S. immigration […]
Soft Landing Expected Amidst Slowing Growth and Federal Reserve Rate Cuts
The U.S. economy stands at a critical juncture as we approach the end of 2024. With mixed signals from the labor market, inflation trends, and consumer spending, there is a heightened focus on how the Federal Reserve’s monetary policy will shape the near-term economic landscape. According to S&P Global Ratings and its Chief Economist Satyam […]
WTI Crude Oil Holds Near $69.50 as US Demand Rises Amid China Concerns and Middle East Tensions
West Texas Intermediate (WTI) Crude Oil remains steady around $69.50 per barrel as traders weigh the effects of rising US fuel demand against global economic uncertainties. While concerns over China’s economic stability and geopolitical tensions persist, the downside for WTI seems limited, supported by declining US crude inventories and increased domestic demand. Key Takeaways Technical […]
The Impact of Bank of America’s 2024 Branch Closures on the Future of Banking
The landscape of banking is undergoing a significant transformation, marked by the increasing reliance on digital platforms and the decline of traditional brick-and-mortar branches. In 2024, Bank of America, one of the largest financial institutions in the United States, plans to close numerous branches across the country. This move is part of a broader industry […]
Bitcoin’s Bearish Outlook, Ethereum’s Critical Juncture, and Worldcoin’s Surge Amid Adoption Gains
The last 24 hours have seen significant movements in major assets like Bitcoin, Ethereum, Polygon, and Worldcoin. This comprehensive market recap delves into the key price shifts, market trends, and underlying factors influencing these cryptocurrencies, providing traders with crucial insights into the current state of the digital asset market. Key Takeaways Major Price Movements Bitcoin […]
Kamala Harris’s Approach to Immigration: Policies and Perspectives
In the 2024 U.S. election, Kamala Harris is championing an immigration policy that balances security and humanitarian concerns, contrasting significantly with the enforcement-heavy approach of her political counterpart, Donald Trump. Harris’s policy framework includes increased border security funding, streamlined asylum processing, and pathways to citizenship. This article outlines her key immigration initiatives and how they […]
Donald Trump’s Key Economic Policies: Tax Cuts, Tariffs, and Energy Independence
As the 2024 U.S. election approaches, Donald Trump is presenting an economic platform that builds on his prior presidency’s initiatives, focusing on tax cuts, increased tariffs, deregulation, and energy independence. These policies aim to stimulate U.S. job growth, support American businesses, and counteract inflationary pressures. This article delves into Trump’s economic priorities, highlighting his plans […]
What is Project 2025? Trump’s Blueprint for Government Reform Explained
Project 2025 has emerged as a significant topic in the lead-up to the 2024 U.S. presidential election. Proposed by the Heritage Foundation and backed by other conservative think tanks, this 922-page blueprint outlines a series of policies aimed at reshaping the federal government under a Republican presidency, with Donald Trump as the likely candidate to […]
Kamala Harris’s Key Economic Policies: Middle-Class Support, Affordable Housing, and Healthcare Reforms
In the 2024 U.S. election, Kamala Harris has presented a comprehensive economic policy platform focused on strengthening the middle class, reducing costs for families, and driving sustainable growth. As Vice President and presumptive Democratic candidate, her economic policies reflect a commitment to tackling key issues like housing affordability, healthcare access, and job creation. This article […]
A Guide to Early and Postal Voting in the 2024 U.S. Election
As the 2024 U.S. election approaches, voters have several options to cast their ballots before Election Day on November 5, 2024. With millions planning to participate, early voting and postal voting (also known as absentee voting) offer convenient alternatives for those who cannot vote in person on Election Day. This article explains how each method […]
Policies of Kamala Harris and Donald Trump in the 2024 U.S. Election
As the 2024 U.S. election draws closer, voters face a stark choice between two candidates with contrasting visions: Kamala Harris and Donald Trump. Their policy platforms cover critical issues like the economy, immigration, healthcare, and climate change. This article provides an overview of their positions, highlighting the core differences that define the 2024 U.S. presidential […]
How the Electoral College System Influences the 2024 U.S. Presidential Election
The U.S. election 2024 is drawing near, with voters preparing to cast ballots on November 5, 2024. While most people focus on the popular vote, the Electoral College ultimately determines the next U.S. president. This unique system of electors has shaped American elections for centuries and will once again play a pivotal role in deciding […]
Federal Reserve Independence: Harris vs. Trump on Economic Stability and Political Influence
The role and independence of the Federal Reserve has become a key economic issue dividing Kamala Harris and Donald Trump. The Fed’s autonomy allows it to manage interest rates, control inflation, and stabilize the economy, free from direct political influence. Harris champions maintaining this independence, while Trump advocates for presidential oversight, believing political input can […]
Battleground States in the 2024 U.S. Election: Critical Factors and Impacts on Presidential Race
The U.S. election 2024 is quickly approaching, with November 5 set as the official voting date. While candidates campaign nationwide, several battleground states will play a decisive role in determining the next president. These states have a history of close electoral margins and frequently swing between Democratic and Republican candidates. This article examines the key […]
Key Facts About the U.S. Election 2024: Date, Candidates, Polls, and Predictions
The upcoming U.S. election 2024 on November 5 is set to be a defining moment for American politics. This election not only determines the next U.S. president but will also shape the legislative landscape, as all 435 House seats and 34 Senate seats are up for grabs. With high stakes and prominent candidates in the […]
Alibaba’s Profit Plummets Despite Revenue Growth in E-commerce and Cloud Sectors
Alibaba’s Profit Plummets Despite Revenue Growth in E-commerce and Cloud Sectors. Alibaba Group reported a significant drop in profits for its latest quarter, even as the company experienced a rise in revenue across its key e-commerce, cloud, and logistics businesses. In its fiscal fourth quarter ending March, Alibaba’s net income plunged 86% from the previous […]
Novavax Stock Surges on $1.4 Billion Sanofi Deal
Novavax Stock Surges on $1.4 Billion Sanofi Deal. Pharmaceutical companies experienced a notable surge in market capitalization within a single day, reflecting a broader trend of volatility and recovery in the sector after significant losses since reaching a record high in 2021. Novavax, a prominent vaccine maker listed on the Nasdaq under the symbol NVAX, […]
New Zealand Inflation Expectations Plummet Amid Lingering Economic Woes
New Zealand Inflation Expectations Plummet Amid Lingering Economic Woes. Amidst a protracted economic downturn in New Zealand, inflation expectations have taken a notable downturn, alleviating some of the pressure on the Reserve Bank of New Zealand (RBNZ) to implement further interest rate hikes. According to data released by the RBNZ on Monday, expectations for inflation […]
Bank of England Maintains Key Rate
Bank of England Maintains Key Rate. In a widely anticipated decision, the Bank of England opted to maintain its key interest rate at 5.25%, the highest level in 16 years, during its latest policy meeting on Thursday. This decision aligns with market expectations and signals stability in monetary policy amid ongoing economic uncertainties. However, the […]
Reddit Stock Soars on Strong Revenue Growth
Reddit Stock Soars on Strong Revenue Growth. Reddit (RDDT) experienced a significant 15% surge in after-hours trading on Tuesday, approaching an opening price of approximately $57 per share for Thursday’s session following the release of its inaugural quarterly earnings report. The social media and chat platform reported impressive financial figures for the March quarter, with […]
Amazon to Invest $9 Billion in Singapore Cloud Expansion
Amazon to Invest $9 Billion in Singapore Cloud Expansion. Amazon.com Inc. has announced a substantial investment of $9 billion to expand its cloud computing infrastructure in Singapore over the next four years. This initiative reflects Amazon’s commitment to meeting the growing demand for cloud services and driving the adoption of artificial intelligence (AI) across the […]
Berkshire Hathaway Trims Apple Stake by 13% Amid Strong Q1 Cash Growth
Berkshire Hathaway Trims Apple Stake by 13% Amid Strong Q1 Cash Growth. Warren Buffett’s Berkshire Hathaway saw its sprawling stock portfolio decrease to $336 billion in the first quarter following a $20 billion divestment of stocks, as indicated by the company’s recent earnings report. During the first quarter, Berkshire Hathaway scaled back its significant Apple […]
NVIDIA’s AI Growth Accelerates as Tech Giants Invest Heavily in H100 GPU
NVIDIA’s AI Growth Accelerates as Tech Giants Invest Heavily in H100 GPU. NVIDIA Corp is gearing up to unveil its first-quarter earnings, with the company’s AI technology making significant strides in the tech industry. Major players in the technology sector are making substantial investments in NVIDIA’s AI infrastructure, demonstrating growing demand and adoption. The AI […]
OECD Upgrades Global Growth Projections for 2024 and 2025
OECD Upgrades Global Growth Projections for 2024 and 2025. The Organisation for Economic Cooperation and Development (OECD) has raised its projections for global economic growth in 2024 and 2025, indicating a more positive outlook compared to previous months. This upward revision is primarily driven by robust economic activity in the United States (US), supported by […]
Fed Holds Rates Amid Strong Job Growth
Fed Holds Rates Amid Strong Job Growth. The Federal Reserve noted strong job gains and ongoing economic expansion but highlighted persistent challenges in tackling inflation, opting to leave interest rates unchanged at 5.5% and pushing back against expectations for rate cuts as previously signaled. The Federal Open Market Committee (FOMC) acknowledged the ongoing struggle against […]
Australian Manufacturing Sector Shows Strong Improvement
Australian Manufacturing Sector Shows Strong Improvement. Activity in Australia’s manufacturing sector demonstrated robust improvement in April, marking a positive shift from the previous month. The seasonally adjusted Judo Bank Australia Manufacturing Purchasing Managers Index climbed to 49.6 in April, up from 47.3 in March. While this uptick suggests a better performance, it also indicates a […]
Nasdaq Futures Rise on Stellar Earnings, Investor Confidence
Nasdaq Futures Rise on Stellar Earnings, Investor Confidence. Futures linked to the Nasdaq Composite (IXIC) surged by 0.4% as investors exhibited optimism, showing a preference for tech companies in the upcoming week. This renewed surge in buying activity is expected to build upon the Nasdaq’s impressive performance on Friday, where the tech-heavy index surged by […]
Japanese Yen Weakens to 1990s Low Against US Dollar
Japanese Yen Weakens to 1990s Low Against US Dollar. The Japanese yen weakened to its lowest level since 1990 on Monday (April 29, 2024), breaching the psychological threshold of 160 yen per US dollar, according to Bloomberg. The yen’s exchange rate depreciated by 1.2% to reach 160.17 per US dollar. This decline reflects a bearish […]
Bank of Japan Holds Interest Rates Steady
Bank of Japan Holds Interest Rates Steady. The Bank of Japan decided to maintain its interest-rate target unchanged on Friday, maintaining the overnight call rate within the range of 0% to 0.1%. This decision follows a recent rate increase in March, which marked the first such adjustment in 17 years. The central bank’s move comes amid […]
Canadian Retail Sales Remain Stagnant Amid Economic Uncertainty
Canadian Retail Sales Remain Stagnant Amid Economic Uncertainty. In Canada, retail sales remained stagnant for the second consecutive month, signaling ongoing consumer reluctance to spend. Statistics Canada reported that retail receipts showed no change in March, following a slight 0.1% decline in February. This trend aligns with expectations for the central bank to consider interest […]
ECB Considers Interest Rate Cut Amidst Inflation Outlook
ECB Considers Interest Rate Cut Amidst Inflation Outlook. In recent statements from European Central Bank (ECB) officials and insights from the Federal Reserve, the possibility of interest rate adjustments looms amidst evolving inflationary pressures and economic conditions. Joachim Nagel, a member of the ECB’s Executive Board and President of Bundesbank, hinted at the prospect of […]
Gold Prices Fall as Middle East Tensions Ease
Gold Prices Fall as Middle East Tensions Ease. Gold prices have once again declined after several weeks of significant gains. This decline comes as a direct response to the easing tensions in the Middle East, a region that often triggers increases in gold prices. Gold prices plummeted by 1% on Monday, April 18, 2024, following […]
China Maintains Benchmark Lending Rates Amid Economic Recovery Signs
China Maintains Benchmark Lending Rates Amid Economic Recovery Signs. China’s central bank announced on Monday that it would maintain its benchmark lending rates, a move expected by the market following recent policy rate stability amidst signs of economic recovery. According to the People’s Bank of China, the one-year loan prime rate remains at 3.45%, while […]
Solana and Ethereum Lead Losses as Bitcoin Struggles
Solana and Ethereum Lead Losses as Bitcoin Struggles. This week has seen a surge in bearish sentiment, particularly affecting major cryptocurrencies. Solana has incurred a significant loss of 20%, while Ethereum’s value has dropped by 15%. Bitcoin experienced a brief dip below $60,000 on Wednesday, hitting a one-month low, though resilient buyers swiftly intervened, pushing […]
The Fed Cautious Amidst Strong Economy
The Fed Cautious Amidst Strong Economy. Key figures at the United States Federal Reserve (The Fed) have stressed the importance of exercising caution in current monetary policy decisions, citing the favorable economic landscape. Loretta Mester, President of the Cleveland Fed, emphasized the need for prudence, indicating that while inflation is expected to moderate, additional data […]
IMF Forecasts Stable yet Sluggish Global Economic Growth for 2024
IMF Forecasts Stable yet Sluggish Global Economic Growth for 2024. The IMF forecasts that global economic growth will remain stable yet slow in 2024. In its latest projections, the IMF anticipates real global Gross Domestic Product (GDP) growth to reach 3.2% for both 2024 and 2025, unchanged from 2023. This growth projection has been revised […]
JPMorgan’s Stock Plummets Despite Strong Earnings
JPMorgan’s Stock Plummets Despite Strong Earnings. Despite a notable 6% increase in first-quarter earnings and robust revenue figures, investors directed their focus towards JPMorgan’s stagnant growth projections for the year ahead. The banking giant faced a significant setback as its stock tumbled by 6.5% on Friday, marking the sharpest one-day drop since 2020. However, despite […]
PBOC Prefers To Hold Mold Interest Rates
PBOC Prefers To Hold Mold Interest Rates. People Bank of China (PBOC) decided to maintain its monetary policy, namely by holding its benchmark interest rate on Monday (15/4/20024). The PBOC said it maintained the lending interest rate at 2.50% for a one-year medium-term lending facility (MLF) worth 100 billion yuan (US$13.82 billion) to several financial […]
ECB Holds Rates Steady Amid Global Uncertainty
ECB Holds Rates Steady Amid Global Uncertainty. The European Central Bank (ECB) decided to maintain its record-high interest rates amidst ongoing inflationary pressures, sparking uncertainty among investors regarding potential rate cuts by major central banks in the near future. The unexpected rise in U.S. inflation data caused a shift in market sentiment, delaying expectations for […]
Bank of Canada Maintains Interest Rates
Bank of Canada Maintains Interest Rates Amid Inflation Uncertainty. On Wednesday, the Bank of Canada opted to maintain its benchmark interest rate at 5% for the sixth consecutive time. The decision stems from the bank’s stance that it must be confident in the sustainability of the downward trend in inflation before considering any rate reductions. […]
Tesla’s Share Increases by 5%
Tesla’s Share Increases by 5%. Even though the sharp losses from earlier in the year were mostly erased by the shares of the EV maker, it was still a minor dip. On Monday, Tesla’s stock increased as a wave of news excited investors. Following an unexpectedly poor first quarter, the electric vehicle manufacturer saw a […]
The Fed Rate Cut Expectations Declining
The Fed Rate Cut Expectations Declining. Market participants have reduced speculation about how much the Federal Reserve will cut interest rates in 2024. These expectations dropped to the lowest level since October, LSEG data showed on Monday (8/4/2024). Fed funds futures contracts for December on Monday reflected expectations of a rate cut of about 60 […]
Middle East Tensions Affect Oil Prices
Middle East Tensions Affect Oil Prices. Oil prices have sustained major spikes. This is due to increasing tensions in the Middle East, soaring prices past the threshold of US$90 per barrel. The price of West Texas Intermediate (WTI) oil for the May 2024 contract rose 0.24% or 0.21 points to US$86.80 per barrel. Meanwhile, the […]
US Trade Balance Deficit Widened
US Trade Balance Deficit Widened. The United States (US) trade balance deficit widened in February 2024. This is the third widening deficit in a row. The US Department of Commerce reported that the goods and services trade deficit widened 1.9% from the previous month to US$68.9 billion, the largest deficit in almost a year. The […]
US Treasury Secretary sees new potential in China’s economy
US Treasury Secretary sees new potential in China’s economy. United States (US) Treasury Secretary Janet Yellen suggested her country would retain options to protect new industrial sectors against China. This was revealed by Yellen on a trip to China, after what she described as the Asian country’s massive investment in various fields including clean energy. […]
Australian Consumer Confidence Drops
Australian Consumer Confidence Drops. The week prior saw a slight decline in Australian consumer confidence and an increase in inflation expectations in response to higher fuel prices. Survey results show that consumer confidence dropped by 0.3 points to 82.8 in an ANZ Bank and pollster Roy Morgan survey. The four-week moving average increased by 0.1 […]
China’s Economic Recovery Signals
China’s Economic Recovery Signals. Oil prices increased slightly following a strong increase in the first quarter of 2024. This happened because there were recent signs of recovery in China, thus supporting the demand outlook. The price of West Texas Intermediate (WTI) oil for the May 2024 contract rose 0.35% or 0.29 points to US$83.46 per […]
Qatar leases Transport Vessel to Maximize LNG Production
Qatar leases Transport Vessel to Maximize LNG Production. Qatar, through QatarEnergy, has signed four agreements to lease 19 Liquefied Natural Gas (LNG) vessels in preparation for increasing national production. The majority of LNG carriers are rented from ship operators in the Asian region. The Chinese company, namely CMES Co. Ltd. and Shandong MarineGroup Ltd. each […]
Gold Hits Record Highs Amid Global Concerns
Gold Hits Record Highs Amid Global Concerns. Gold prices have soared to unprecedented levels, breaching the $2,230 per ounce mark, amidst a flurry of market activity driven by speculation surrounding major central banks and escalating geopolitical tensions. The precious metal’s rally comes as investors brace for potential interest rate cuts from key central banks worldwide, […]
Chinese Industrial Profits Grow Higher
Chinese Industrial Profits Grow Higher. Chinese industrial companies posted higher net profits in the early months of 2024. This shows that the economic recovery is gaining momentum, even though the property sector continues to face sluggishness. Based on data from the National Bureau of Statistics (NBS), Chinese industrial companies’ profits have jumped 10.2% in the […]
Stocks Continue Their Fall from New Highs
Stocks Continue Their Fall from New Highs. The tech-heavy Nasdaq fell 0.4%, while the S&P 500 lost 0.3%. The Dow Industrials, the benchmark index, fell by roughly 31 points, or 0.1%. Micron Technology saw a 1.4% increase after reaching a record high the day before. The memory chip manufacturer is expected to have its best […]
Economic Policy of Chinese PM and IMF to Restore China’s Economy
Economic Policy of Chinese PM and IMF to Restore China’s Economy. China chose to stick with the stimulus concept which was implemented amidst pressure from the international monetary fund (IMF) to carry out economic reforms, especially more liberal ones or what is known as pro-market. Chinese Prime Minister Li Qiang in his speech at the […]
La Nina threatens Commodity harvest
La Nina threatens Commodity harvest. The strengthening potential of La Nina has made grain farmers especially waryin Argentina, one of the world’s largest exporting countries. The La Nina phenomenon is expected to be strong in October 2024. According to the Rosario grain exchange, this phenomenon usually brings dry weather with lower rainfall. Dry conditions towards […]
New Zealand Enters the Brink of Recession
New Zealand Enters the Brink of Recession, New Zealand’s economy finally entered the brink of recession in the fourth quarter of 2023. This is due to weak consumer spending and wholesale trade. Stats NZ data shows that seasonally adjusted Gross Domestic Product (GDP) fell 0.1% in the three months ending December 2023, bringing the annual […]
The Fed Holds Interest Rate Again
The Fed Holds Interest Rate Again. The United States Central Bank or Federal Reserve (The Fed) maintained its benchmark interest rate at the Federal Open Market Committee (FOMC) meeting which ended on Wednesday (21/3/2024) local time. The Fed decided to maintain the target range for its benchmark federal funds rate (FFR) at 5.25% – 5.5%. […]
Oil Prices Drop Again
Oil Prices Drop Again, Oil prices are now experiencing a decline, after experiencing the largest increase again. This is because Russia is known to have cut its supply, demand for jet fuel is slower than expected, and the Fed’s decision. Based on data on Tuesday (19/3/2024), the price of West Texas Intermediate (WTI) oil for […]
China’s Manufacturing Performance Advances
China’s Manufacturing Performance Advances. China’s economic growth is reported to be mixed. Manufacturing and investment performance at the start of the year has been strong. However, consumption still recorded slower progress. China’s National Bureau of Statistics (NBS) on Monday (18/3/2024) said that manufacturing performance increased 7% in January-February 2024 from the previous year’s period. From […]
GE Vernova, Boeing, and Meta participates in a US business trip to Vietnam
GE Vernova, Boeing, and Meta participates in a US business trip to Vietnam. As a demonstration of American business interest in Vietnam following Washington’s improvement of relations with the country last year, a sizable delegation of American companies, including wind energy company GE Vernova, Boeing, and Meta, is in the country this week. According to […]
Janet Yellen Signals US Inflation Will Fall Soon
Janet Yellen Signals US Inflation Will Fall Soon. United States (US) Treasury Secretary Janet Yellen estimates that housing rental costs, which are the biggest contributor to inflation in the country, will fall in 2024. Meanwhile, this estimate also coincides with the signing of the new rental agreement. He also said that it would take some […]
Crude Oil Prices Rebound
Crude Oil Prices Rebound. Crude oil prices have risen after four days of losses as an industry report showed a decline in US crude stocks, offsetting unstable OPEC+ cuts. Based on data on Wednesday, the price of West Texas Intermediate (WTI) oil for the April 2024 contract rose 0.94% or 0.73 points to US$78.29 per […]
Wall Street Gets Positive on US Inflation
Wall Street Gets Positive on US Inflation. The Nasdaq index, which predominantly contains technology companies, pushed Wall Street higher in trading Tuesday (12/3/2024), in line with investors’ decision to maintain expectations of a reduction in the Federal Reverse (The Fed) interest rate in the next few months despite US inflation in February 2024 is a […]
Japanese Stock Exchange Drops 3%
Japanese Stock Exchange Drops 3%, The Japanese stock exchange, Topix Index, was recorded to have fallen 3% in Monday’s trading. The weakening occurred when the market expected the Bank of Japan (BOJ) to raise interest rates. The Topix index fell 3.1% to 2,642.31 at 13:51 Tokyo time with 32 of 33 sub-sectors experiencing declines. The […]
The Fed is Considering not Rushing to Lower Interest Rates
The Fed is considering not rushing to lower interest rates. The United States (US) central bank, the Fed, is not expected to rush to lower interest rates, considering strong job growth data in February and signs of a cooling labor market. The Labor Department report recorded an additional 275,000 jobs in February, higher than economists’ […]
ECB Maintains Key Interest Rate
ECB Maintains Key Interest Rate. The European Central Bank signaled that policymakers need more time to determine whether a historic run of rate increases has sufficiently restrained inflation for them to begin lowering rates again by holding its benchmark interest rate at a record high. The markets have been anxiously awaiting any indication as to […]
U.K. Treasury announces income-tax cuts.
U.K. Treasury announces income-tax cuts, Ahead of an election that is scheduled for early next year, the U.K. government on Wednesday announced income tax cuts that it hopes will help spark a stagnating economy. However, the budget watchdog predicted a weak return to growth. U.K. Treasury Chief Jeremy Hunt informed lawmakers during his yearly budget […]
Xi Jinping’s Promise to Spur Economic Growth Targets
Xi Jinping’s Promise to Spur Economic Growth Targets. Recently, China has set an ambitious target of economic growth of 5% by 2024. The country has also promised steps to boost its economy. Chinese Prime Minister Li Qiang on Tuesday (5/3/2024) when reporting the first work report at the National People’s Congress, admitted that achieving this […]
Türkiye’s February 2024 Inflation Nearly Reaches 70%
Türkiye’s February 2024 Inflation Nearly Reaches 70%. Turkey’s annual inflation in February 2024 reached its highest level in 15 months with a faster-than-expected rate of increase, almost approaching 70%. Turkey’s consumer price index (CPI) in February 2024 increased four months in a row to 67.1% on an annual basis, from the previous month which was […]
Japan Plans to Announce Success in Overcoming Deflation
Japan Plans to Announce Success in Overcoming Deflation. The Japanese government is discussing making an official announcement that the country’s economy has successfully overcome deflation. Japanese news agency Kyodo reported that based on information from sources who did not want to be named, there were documents regarding the decision to announce the end of deflation. […]
The Fed Official Leaks Potential Interest Rate Cut
Fed Official Leaks Potential Interest Rate Cut. New York Federal Reserve (The Fed) President John Williams opened the possibility of reducing the interest rate of the United States (US) central bank in 2024. Williams stated that the Fed might cut interest rates at the end of the year. According to him, in the remaining year […]
US Economic Growth in Q4/2024 Revised Down to 3.2%
US Economic Growth in Q4/2024 Revised Down to 3.2%. United States (US) economic growth was revised down slightly in the fourth quarter of 2023, but was still stronger than initial projections. The growth bodes well for the near-term outlook even as activity got off to a weak start due to winter. Data from the US […]
Coal and CPO Strengthen in a Week
Coal and CPO Strengthen in a Week, Coal commodity prices have strengthened in the week amid India’s plans to increase train carriages to transport coal. The price of crude palm oil (CPO) also turned green this week with the potential for stronger trading this week. The price of coal futures contracts for March 2024 at […]
Factory Activity in Japan is Getting Worse
Factory Activity in Japan is Getting Worse. Factory activity in Japan is increasingly in poor condition and service sector growth will slow down in February 2024. Moreover, the Japanese economy has just entered the brink of recession. The survey conducted on Thursday revealed that business conditions are worsening at a time when economic activity is […]
Jeff Bezos finalizes Amazon stock sale plan
Jeff Bezos finalizes Amazon stock sale plan. Jeff Bezos sells 14 million shares of Amazon.com Inc. worth around US$2.4 billion, while completing plans to sell up to 50 million shares in just nine trading days. According to the disclosure of information to the regulator, this latest transaction brings the total sale of shares worth US$8.5 […]
Malaysian Ringgit Hits Lowest Level Since 1998
Malaysian Ringgit Hits Lowest Level Since 1998. Malaysia’s ringgit currency has continued its decline to its lowest level since the 1998 Asian financial crisis as China’s sluggish economy weighs on the neighboring country. The ringgit currency slipped past the level of 4.8 against the US dollar on Tuesday, the weakest level since reaching an all-time […]
Foreign Investment to China Drops to Lowest Level
Foreign Investment to China Drops to Lowest Level. Foreign investment into China in 2023 experienced the lowest increase since the early 1990s. A number of countries appear to be reducing their investment in the Bamboo Curtain country. The decline in foreign direct investment (FDI) highlights China’s challenge to seek more investment from abroad to boost […]
Apple risks being fined in the EU
Apple risks being fined in the EU. Apple Inc. risks paying a fine worth 500 million euros in the European Union following a regulator investigation into alleged monopoly on the App Store. The fine is Apple’s first in the European Union and will be imposed after the bloc’s watchdog found that Apple violated competition rules […]
England officially entered the brink of Recession
England officially entered the brink of Recession, The UK economy fell into recession in the second half of 2023, falling short of Prime Minister Rishi Sunak’s growth targets. UK gross domestic product (GDP) contracted by 0.3% compared to the previous quarter in the fourth quarter of 2023. The UK entered a technical recession after experiencing […]
US Inflation Touches 3.1% in January 2024
US Inflation Touches 3.1% in January 2024. The United States (US) Consumer Price Index or inflation has increased in January 2024 amid a surge in housing rental costs. However, it is still estimated that the Fed’s interest rate cut will be carried out in the first semester of 2024. The US Department of Labor on […]
The Global Economy Will Soft Land
The Global Economy Will Soft Land. The International Monetary Fund or IMF is very confident that the global economy will experience a soft landing following signals that central banks will cut interest rates. This belief was expressed by IMF Managing Director Kristalina Georgieva at the World Government Summit in Dubai. She added that interest rates […]
Economists Say the Fed’s Current Monetary Policy is Too Tight
Economists Say the Fed’s Current Monetary Policy is Too Tight. Economists assess that the United States (US) central bank, the Federal Reserve (The Fed), has been too tight in maintaining its monetary policy, the tightest since mid-2010. The results of a National Association for Business Economics poll showed that 21% of respondents thought the US […]
