Economic News Category

Japanese Prime Minister Kishida worked with the U.S to confirm the release of some oil reserves Japanese Prime Minister Kishida Fumio said on Wednesday that the government would release some of its oil reserves at a request from the US in order not to violate Japanese law. “We are working with the United States to

RBA Kohler: Closely monitoring risk premiums to determine if asset prices look “reasonable” The Reserve Bank of Australia will closely monitor risk premiums to determine whether assets are being priced “reasonably”, particularly in times of record low-interest rates, said domestic market head, Marion Kohler. “Asset prices rise when risk-free rates are low,” Kohler said in

Eyes on USA big economic event’s impact on USD Philadelphia Federated Index release The Philadelphia Federal Reserve’s Manufacturing Index is based on the Manufacturer’s Business Outlook Survey of the Third Federal Reserve Board. Participants received various measurements of activity at the factory (employment, working hours, new and unfulfilled orders, deliveries, stocks, delivery times, prices paid,)

Upcoming UK CPI Data – Will the Inflation trend rise? Retail sales data will be significant on Friday as UK consumer spending has remained at a fairly low level since May. Another negative footprint in October will dampen growth driven by hot inflation figures. There was good news that the stock market has stabilized late

No Rate Hike – RBA Gov Lowe The Reserve Bank of Australia board is evaluating the move as early as June next year for financial markets but continues to believe that a rate hike will not be necessary until 2024 given local wage momentum and inflation. Key Notes – • RBA governor says official rate