Post-sell stock futures rally triggered by Omicron for the first time in the US U.S. stock index futures moved slightly higher in trading Wednesday night after the CDC confirmed the first known case of an Omicron variant in the United
Haven currency falls on omicron concerns As Asian traders eased concerns about the Omicron variant, risky currencies against the dollar on Wednesday rebounded from recent lows, and safe havens like the yen fell against the dollar. The Chinese yuan, an
Former US Treasury Secretary – Tariff cuts from the US and China will lower US inflation Former Treasury Secretary Jacob Liu told reputed news firm on Tuesday that lifting tariffs on goods during the worst trade war would help reduce
Retail sales in Japan rose 0.9% in three months in October Japan’s October retail sales were lower than expected but increased for the first time in three months, and underlying private consumption trends indicate pressures on a fragile economic recovery
Nikkei 225 dip 3% & Asia-Pacific markets slip down on rising fear of new COVID-19 strains GBP/JPY licks the cut at the 152.70 area after hitting a week-long high before hitting a two-week low of 152.47 ahead of the London
Global Market Asian tech stocks rise with dollar gain Asian tech stocks moved higher on Thursday, following US stocks. Although the larger gains were limited by the strength of the US dollar, as investors gambled on a faster rate hike
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
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
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
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
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
Rising Inflation Raised the Tensions of the United States Inflation is just rising unexpectedly and not dropping soon in the US. Economists have estimated that this price rise will not stay for long in the future. As per some residents
Carmakers to Target $515B for Electric Vehicles & their Batteries Till 2030 The plans of spending more than half a billion dollars are there in the minds of the electric vehicle manufacturers till 2030. From a report given by Reuters,
Travelers are Eagerly Waiting to Fly US as the Covid Restrictions Got Removed Travelers seemed excited to roam in the United States with their family, friends, and loved ones on Monday and were waiting to book their flight tickets. The
Social Distancing in South Korea Got Reduced to Improve the Economic Condition of the Nation The number of people that were limited to visit a crowded place for purposes like political rallies, social events, exhibitions, or weddings was increased to
The factory work expanded in china for the October month The pace of the Chinese factory activity got expanded in just four months during October that got limited by the strong demand. The power shortages have increased the costs that
Bank of Japan to Lower the Inflation, Backs Out their Project Funds The central Bank of Japan and the factory’s production in Japan has been affected a lot due to COVID-19. The monetary policy of Japan has been kept on
Saudi Arabia to provide $4.2- Billion support package to Pakistan Wednesday was a great day for Pakistan as the nation’s currency got a boost of 2.48 Pakistani rupees against the US dollars in intraday trading. The support was done by
