DAILY MARKET NEWS – 16-05-2024
The CPI inflation report is here, and it shows a slight improvement, with headline inflation down to 3.4% from 3.5% last month, but still higher than January's 3.1%. This tiny change means the Federal Reserve is far from cutting interest rates in June, with odds...
DAILY MARKET NEWS – 09-05-2024
Japan's currency diplomat, Masato Kanda, came out and refuted claims about limitations in the country's foreign currency reserves for market intervention, asserting their readiness to take action after 160 lines on the sand are washing away, with markets remaining...
DAILY MARKET NEWS – 07-05-2024
The European Central Bank (ECB) is growing increasingly confident about cutting interest rates as inflation in the euro zone continues to ease. ECB policymakers Philip Lane, Gediminas Simkus, and Boris Vujcic stated that recent data on inflation and economic growth...
DAILY MARKET NEWS – 02-05-2024
The Federal Reserve met and has decided not to lower interest rates this time around, citing reaccelerating inflation as a dangerous territory that may hurt confidence if rate cuts were made earlier, which was the trajectory before entering this year. Treasury...
DAILY MARKET NEWS - 26-04-2024
U.S. economic growth slowed more than anticipated in the first quarter ahead of the PCE measure. The GDP came in at an annualised rate of 1.6%, below economists' forecasts of 2.4%, while the PCE price index is expected to accelerate, presenting a challenging...
DAILY MARKET NEWS – 23-04-2024
Japan is hopeful that inflation will remain around the 2% target for the next three years. This has set expectations of further interest rate hikes by the BOJ after its exit from the Yield Curve Control Easy policy earlier this year. Governor Ueda stated that the...
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DAILY MARKET NEWS – 18-04-2024
Recent market volatility has seen volatility-linked funds start reducing their equity exposure, and analysts expect further escalation in the market VIX index could...
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DAILY MARKET NEWS - 17-04-2024
Federal Reserve officials, including Chair Jerome Powell, have pushed back on expectations for interest rate cuts this year, stating that monetary policy needs to...
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The G7 leaders have come out and strongly condemned Iran's retaliatory attack on Israel, involving over 300 drones and missiles. They expressed their full solidarity with Israel and committed to...
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China's electric vehicle market is becoming increasingly saturated, competitive, and evolving quickly, with automakers offering aggressive incentives while Tesla hikes prices. In the midst of this...
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After the highly anticipated Federal Reserve rate, multiple central banks decided on their next path in fiscal policy. The Swiss National Bank cut interest rates for the first time since June...
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Super Micro Computer, a tech infrastructure company riding the AI wave that was recently added to the main board, is raising capital through a two million common share offering underwritten by...
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The U.S. Treasury Department announced new initiatives on Tuesday to boost affordable housing. Updated rules will allow state and local governments to use remaining "American Rescue Plan" funds...
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China has set an ambitious 2024 economic growth target of around 5%, demonstrating a continued prioritisation of growth despite challenges from its property crisis and high local government debt...
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The US economy reported robust growth of 3.2% in Q4 2023, possibly driven by strong consumer spending, which will be confirmed today. Despite a weak start in 2024 due to bad weather, economists...
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