Economic News Category

Softening Core Inflation in Japan Supports Expectation of Unchanged BOJ Stance The latest consumer price data from Japan shows that core inflation slowed in July, indicating the Bank of Japan (BOJ) is unlikely to rush towards phasing out monetary easing despite the fact that inflation continues to be above the central bank’s 2% target. The

S&P500 Futures Hit 5-Week Low, Yields Reach Yearly High on Hawkish Fed Minutes and Global Woes The risk appetite in the market remains downbeat as investors express concerns over a hawkish Federal Reserve stance amidst global economic woes. Additionally, challenges to market sentiment arise from geopolitical and economic troubles emanating from China, along with recently

China’s Economic Prospects Shadowed by First New Home Price Drop of 2023 In July, China experienced a notable event as new home prices declined for the first time this year. This occurrence adds to a series of discouraging data that collectively indicate a swift wane in overall economic momentum. It underscores the pressing need for

China’s Surprise Rate Cut Sparks Drop in Key Bond Yield and Yuan The recent surprise rate cut by the People’s Bank of China (PBOC) has sent shockwaves through the Chinese market. The aim was to stimulate economic growth, but it has led to unintended consequences. The benchmark government bond yield has plummeted to a three-year

S&P 500 Futures Weaken as China’s Economic Concerns Resurface Early Monday sees a subdued risk appetite as reports from China over the weekend cast further shadows on the world’s second-largest economy and the global economic landscape. Geopolitical tensions involving Russia and recent robust US data have also contributed to the prevailing sentiment, stoking fears of