Japan’s economic landscape is experiencing a mixed outlook, as revealed by a recent central bank survey. While big manufacturers are feeling optimistic with confidence hitting a more than two-year high, the service-sector mood has soured due to rising costs driven by the weak yen. This dichotomy in sentiment poses a challenge for the Bank of
As of Monday’s early Asian session, gold prices are trading in negative territory near $2,325. This decline can be attributed to the recent easing of inflation in the United States, which has reached its lowest annual rate in over three years. Additionally, geopolitical tensions in the Middle East and political uncertainty surrounding France’s parliamentary election
The finalized S&P Global Manufacturing PMI numbers for June have been released, showing a slight increase from the preliminary survey. This could potentially influence market sentiment toward the US economy. The initial survey indicated a rise from 51.3 to 51.7, suggesting a positive trend in the manufacturing sector. However, changes to these numbers may still
In the current market, there has been a notable recovery wave for the EUR/USD pair. The pair started this recovery wave above the 1.0710 resistance level, indicating a positive movement. This recovery wave has allowed the pair to move into a short-term positive zone. Additionally, on the 4-hour chart, a major bearish trend line with
The recent first round of France’s parliamentary elections has left investors and analysts uncertain about the future outcomes. The euro showed a slight increase in value as Marine Le Pen’s National Rally party emerged as the leading party in the initial results. However, the final result is contingent upon further rounds of voting and negotiations.
Australian home prices have continued to rise for the seventeenth consecutive month in June, with a 0.7% increase from May. This upward trend has persisted despite various downside risks such as the country’s cost of living squeeze, high interest rates, housing affordability issues, and strict credit policies from lenders. The CoreLogic Research Director, Tim Lawless,
The Bank for International Settlements (BIS) has issued a warning regarding the potential repercussions of rising government debt levels in the face of upcoming major elections. The BIS, often referred to as the central bankers’ central bank, has expressed concerns about the impact that excessive government debt could have on global financial markets. Despite some
Japan’s household spending has been a key factor influencing the USD/JPY pairing. Beyond just the numbers, investors need to closely monitor threats of intervention and commentary from the Bank of Japan (BoJ). The concern about the impact of a weak Yen on the Japanese economy has the potential to sway both government and BoJ decisions.
The French parliamentary election is here, and the country is facing the possibility of having its first far-right government since World War Two. President Emmanuel Macron made the surprising decision to call for this snap election after his centrist alliance suffered a significant defeat in the European elections by Marine Le Pen’s National Rally (RN).
China’s manufacturing activity faced a setback in June, marking the second consecutive month of decline. The National Bureau of Statistics revealed that the purchasing managers’ index (PMI) remained stagnant at 49.5, below the 50-mark that signifies growth. Despite some positive indicators, such as the production sub-index being above 50, other key factors like new orders,
German Finance Minister, Christian Lindner, has faced resistance from members of his government coalition regarding his plans for billions of euros in personal income tax cuts. Despite pressure to roll back these plans, Lindner has made it clear that he will not bow to the demands of his coalition partners. Income Tax Cut Plans Lindner’s
The year’s second half could bring a bullish move for both value and growth stocks, according to VettaFi’s Todd Rosenbluth. In a recent interview on CNBC’s “ETF Edge,” Rosenbluth expressed optimism for value stocks, which have historically been market laggards. He pointed to the FTSE Russell’s annual rebalancing as a potential catalyst for a resurgence
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