British Prime Minister Jeremy Hunt is expected to announce plans to release billions of GBP from welfare funds to boost economic growth next week: Hunt is looking to boost UK economic growth by allowing funds to invest more heavily in the UK Hunt claims that growth will be his top priority However, the Treasury refused to comment on news of Prime Minister Hunt's plan.
Bank of Japan Governor Ueda said: It cannot be said that the weak yen will have a negative impact on the Japanese economy. A weaker yen promotes domestic inflation due to higher import costs. Weak yen has a positive impact on exports and profits of Japanese companies globally We do not comment on exchange rate fluctuations As we get closer to our inflation...
Tuesday's dovish US inflation report increased confidence that the Federal Reserve can effectively manage consumer prices without harming the economy. This so-called "Goldilocks" scenario is neither too hot nor too cold and is considered beneficial for both stocks and bonds. The asset class posted strong gains in November after continued uncertainty, fueled by...
Information regarding the Biden-Xi meeting was also reported during the meeting, and an overall assessment was made that in addition to ``open'' discussions, there had been progress on many fronts. However, in a subsequent press conference, Biden reiterated that Chinese Communist Party President Xi Jinping is a dictator. Today's key data is the Australian...
A weak US CPI hurts the dollar a lot. Tuesday saw a significant decline in the value of the US dollar after statistics revealed that US consumer prices were unchanged in October but increased 3.2% year over year, less than anticipated, following a 3.7% increase in September. The most important factor in determining whether the Fed will continue to tighten policy...
Weak US CPI weighs on dollar The dollar took a big hit on Tuesday after data showed U.S. consumer prices were flat in October after rising 3.7% in September, while the dollar rose 3.2% year-on-year. , fell below expectations. The stability of inflation is the most important factor in predicting the Fed's chances of maintaining its tightening stance,...
Statement from Japan's Minister of Economy on the third quarter GDP report: It should be noted that the threat of global recession is depressing the Japanese economy Domestic demand, including consumption and investment funds, decreased significantly in the third quarter Personal consumption slumps due to rising prices Industrial production is under...
UBS: In 2024, the USD will become less appealing. Based on comparatively solid US economic data, UBS believes that the dollar will be maintained in the upcoming months. But, given the notable slowdown in US economic statistics and the Fed's policy stance, we also need to be cautious about the possibility that the USD would fall slightly as 2024 approaches. Right...
As UK economic growth flattens rather than declines as predicted, the GBP is strengthened. For additional hints, investors are awaiting data on jobs and inflation. The third quarter saw a sharp reduction in investment by local businesses as a result of uncertain demand. The economy of the nation is doing better than expected, which helps the GBP. Despite a pretty...
Amidst increasing market excitement around the potential adoption of a spot ETF in the US, the total amount of Bitcoins held by funds has reached an all-time high. ByteTree data indicates that in October, holdings of Bitcoin in funds reached a new high of 863,781 BTC, or around $31.71 billion, up more than 20,000. ProShares' Bitcoin Strategy ETF (BITO), with...
Yomiru: Japan plans to reduce taxes for businesses that increase wages A source from the Yomiuri website said that the Japanese Government is considering tax reductions for companies that increase wages by 8%. The Japanese government wants to encourage wage increases as part of its fight to promote sustained and stable inflation. If the wage increase is widely...
Investors currently believe there is a 91% likelihood the Fed will maintain current interest rates. The USD Index closed at 105,660 on the global market at 6:32 a.m. Vietnam time on November 13, down 0.02%. The US Federal Reserve (Fed) keeps its "hawkish" approach, there are no new developments in Middle East tensions, and the USD keeps becoming stronger. Fed...
As demand for safe haven assets declined, gold prices dropped more than 1% on Friday, marking two weeks of price losses in a row. Meanwhile, the "hawkish" approach taken by Fed Chairman Jerome Powell puts more pressure on precious metals. Palladium is still falling below $1,000 USD/oz, the lowest level in five years. The spot price of gold fell 1.1% to $1,936.09...
JPMorgan: In the future, CHF might be "more expensive" Although there are obstacles that could hinder the franc's ascent, they don't seem to be halting it as of now. Furthermore, even if the currency has witnessed the largest short-selling bets in the past two years as the surge continues, any increases in Middle East tensions or central bank action might drive up...
Jared Bernstein is chairman of the Council of Economic Advisers to US President Joe Biden Says we're looking at a pretty clear transition to steady growth Track the new conflict in the Middle East and its impact on oil So far, don't consider the conflict in the Middle East a shock I don't think a government shutdown will cause the economy to fall into...
in Thursday, November 9, 2023, the FTSE 100 was flat and US stock index futures were mixed in the financial markets. The UK's third quarter GDP data is about to be released, and this will likely have an impact on the Bank of England's (BoE) December monetary policy. Swati Dhingra is thinking about lowering interest rates in the event that growth statistics fall...
Most Asian currencies fluctuated in a narrow range on Wednesday, but the dollar pared recent gains after some Federal Reserve officials warned against betting the central bank would stop raising interest rates. Expanded. This will focus attention on Fed Chairman Jerome Powell's upcoming speech as markets look for further signals on U.S. monetary policy. ...
Recent data indicates that the Federal Reserve Chairman Jerome Powell and the FOMC have noted a decrease in the anticipated reduction in federal funds rates for 2024. Forecasts were at 100 basis points (bps) last week, but this week they have decreased to 76 bps, which is in line with pre-Fed data. The FOMC is continuing to oppose dovish pricing while attempting...