China to Boost Private Economy with New Measures, Officials Say
China to Boost Private Economy with New Measures, Officials Say Chinese officials have reaffirmed their commitment to revitalizing the private economy by implementing additional measures. This comes in response to the issuance of a guideline by the Communist Party of China Central Committee and the State Council, which focuses on promoting the growth of the […]
Australia’s June Labour Force Demonstrates Limited Signs of Letting Up
Australia’s June Labour Force Demonstrates Limited Signs of Letting Up Australia’s June labour force showed remarkable resilience, with employment growth exceeding expectations. The month saw an increase of 32.6k jobs, a 0.2% rise that surpassed Westpac’s prediction of a 25k boost and far exceeded the median market forecast of a modest 15k increase. Throughout the […]
Inflation hits 6% amid falling petrol prices and high-interest rates, despite sustained domestic inflation
Inflation hits 6% amid falling petrol prices and high-interest rates, despite sustained domestic inflation Inflation in New Zealand dropped to an annual rate of 6% in the June quarter. This decline was largely driven by high interest rates affecting household budgets and a decrease in petrol prices. However, domestic inflation remains stubbornly high, despite these […]
US-China Resume Climate Talks, Vow Big Steps
US-China Resume Climate Talks, Vow Big Steps John Kerry, the US Climate Envoy, initiated his first significant climate discussions with Chinese officials in almost a year. Despite the profound tensions between the two superpowers, both sides committed to achieving practical results. Xie Zhenhua, China’s climate envoy, indicated on Monday that China is pursuing substantial dialogue […]
Inflation at Wholesale Level in Japan Decelerates for the Sixth Consecutive Month
Inflation at Wholesale Level in Japan Decelerates for the Sixth Consecutive Month Japan’s wholesale inflation has been witnessing a steady slowdown for the sixth consecutive month as of June, largely attributed to the declining prices of fuel and commodities. The data, released on Wednesday, indicates an easing of the cost-push pressure that has previously escalated […]
UK Government and BoE Pledge to Curb Inflation, Indicate High-Interest Rates May Persist
UK Government and BoE Pledge to Curb Inflation, Indicate High-Interest Rates May Persist The UK’s Finance Minister, Jeremy Hunt, has recently confirmed the government’s and the Bank of England’s (BoE) commitment to managing inflation and returning it to its 2% target. This assurance indicates that high-interest rates could persist for an extended period, a critical […]
Gold Nears Fourth Consecutive Weekly Decline Amid Rising Rate Hike Expectations
Gold Nears Fourth Consecutive Weekly Decline Amid Rising Rate Hike Expectations The value of gold is approaching its fourth straight week of decline, driven by growing anticipation for hikes in interest rates. This sentiment has been fueled by recent U.S. employment data and statements from Federal Reserve policymakers hinting at sustained increases in interest rates. […]
Bank of Japan’s Chief Defends Monetary Easing Amid Yen’s Decline
Bank of Japan’s Chief Defends Monetary Easing Amid Yen’s Decline Kazuo Ueda, the current head of the Bank of Japan, has publicly supported the institution’s continuous implementation of monetary easing policies, despite the ongoing depreciation of the yen. He justified this by pointing out that, although the headline inflation rate is above the set target […]
Xi Jinping of China Eases Foreign Investor Concerns Over Policy Uncertainties
Xi Jinping of China Eases Foreign Investor Concerns Over Policy Uncertainties In a bid to alleviate concerns and uncertainties, Chinese President Xi Jinping has recently assured foreign investors of his government’s unwavering commitment to addressing economic issues and unpredictable policy-making. Amid a backdrop of global apprehension, Xi underscored China’s dedication to development, openness, and the […]
Upcoming Market Updates: NZD, GBP, JPY, NZD, AUD, EUR, USD
Upcoming Market Updates: NZD, GBP, JPY, NZD, AUD, EUR, USD NZD: Building Consents m/m, it measures Change in the number of new building approvals issued. GBP: BRC Shop Price Index y/y, it measures Change in the price of goods purchased at BRC-member retail stores. JPY: Prelim Industrial Production m/m, it measures Change in the total […]
AUD Second Quarter Increase | Xtreamforex
AUD Second Quarter Increase | Xtreamforex In the second quarter of 2022 Australian inflation data has increased to 6.1%, but below the agreed expectations relaxing the fear of a surprising 75bp rate increase when the RBA has a meeting next week. CPI rose by 1.8% Quarter On Quarter(QoQ) and 6.1% Year On Year(YoY). This was […]
USD/JPY eyes downside below 135.00 as DXY weakens, US Durable Goods Orders eyed
USD/JPY eyes downside below 135.00 as DXY weakens, US Durable Goods Orders eyed JPY: BOJ Summary of Opinions, It’s the primary tool the BOJ uses to communicate their economic and monetary projections to investors. USD: Core Durable Goods Orders m/m, It’s a leading indicator of production – rising purchase orders signal that manufacturers will increase […]
Ahead of the Manufacturing PMI, XAU/USD is expected to fall
Ahead of the Manufacturing PMI, XAU/USD is expected to fall In the New York session, the gold price (XAU/USD) broke down from its prior consolidation in a $1,846.20-1,864.16 range. The precious metal has been very volatile as investors prepare for the Federal Reserve (Fed) to increase the scope of its aggressive stance in June. Inflationary […]
Oil continue gains on Russia-Europe tension as hopes for Chinese support
Oil continue gains on Russia-Europe tension as hopes for Chinese support Oil prices rose further in early Asian trade on Wednesday as geopolitical tensions remained high, with Russia warning of gas supply cuts to Poland and Bulgaria, while hopes of Chinese economic stimulus boosted the outlook for oil demand. Brent crude futures were up […]
The Dow & S&P 500 finish down after 4 days of gains as Russia attacks Ukraine
The Dow & S&P 500 finish down after 4 days of gains as Russia attacks Ukraine The Dow and S&P 500 both dipped on Wednesday, ending four-session winning streaks, on dwindling prospects of progress in peace talks between Ukraine and Russia, against a backdrop of a hawkish Federal Reserve stifling economic development. A day after […]
British stocks rise as energy stocks soar; Shell discontinues purchases of Russian oil
British stocks rise as energy stocks soar; Shell discontinues purchases of Russian oil The FTSE 100 in London edged higher on Tuesday, aided by strong gains in energy stocks as oil prices rose after Britain and the United States announced bans on Russian crude imports, while insurer and asset manager M&G was the top […]
The S&P 500 has confirmed a correction as stocks fall due to war fears
The S&P 500 has confirmed a correction as stocks fall due to war fears The S&P 500’s 1% drop on Tuesday confirmed that the world’s most watched stock index was in a correction for the first time since the 2020 Wall Street crash caused by the COVID-19 pandemic.US investors sold stocks amid rising fears of […]
Following the ECB shock, European firms face higher borrowing costs
Following the ECB shock, European firms face higher borrowing costs After the ECB’s surprise pivot toward tighter monetary policy, European companies hoping to fund M&A and capital expenditures on bond markets this year face a sharp increase in borrowing costs and wary buyers. Bond issues are an important source of funding for businesses, and their […]