As of September 12, 2024, the European Central Bank (ECB) stands at a pivotal moment in its monetary policy framework, with speculation surrounding a significant reduction in interest rates. Analysts predict a cut of 60 basis points, lowering the main refinancing rate to 3.65%. This decision arises in light of persistent economic challenges within the
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The USD/JPY currency pair has been on a downward spiral, experiencing a fourth consecutive day of negative trading. This trend has brought it alarmingly close to its year-to-date (YTD) lows, highlighting a significant weakness in the US dollar against its Japanese counterpart. The underlying cause of this movement is primarily attributed to the contrasting monetary
Dutch challenger bank Bunq is on a mission to rapidly expand its global reach by growing its headcount by a whopping 70% this year, aiming to have over 700 employees on board. While other financial technology startups are opting to scale back on jobs, Bunq is taking a different approach by gearing up for expansion
Asian shares saw a positive uptick on Thursday, following a tech-driven rally on Wall Street. The dollar also maintained its gains after U.S. core inflation numbers came in slightly higher than expected, leading to doubts about a significant rate cut by the Federal Reserve next week. Global Economic Indicators Investors are now eagerly awaiting a
The EUR/USD pair is currently holding above the 1.1000 mark as traders eagerly await the ECB policy decision. Despite reduced expectations for a more aggressive Fed easing, the USD remains strong and is capping gains for the major. Traders are showing hesitancy ahead of the key central bank event risk as well as the release
In a surprising move, Warren Buffett’s Berkshire Hathaway has once again offloaded a significant portion of its Bank of America shares. This recent round of sales brings the total amount divested to over $7 billion since mid-July, resulting in a reduced stake of 11% in the company. The conglomerate sold a total of 5.8 million
The EUR/JPY cross has seen a decline for the second consecutive day, reaching a one-month low of 158.20 during the Asian session. Despite a slight recovery in spot prices over the last hour, the cross is still down by nearly 0.30% for the day, trading around the mid-158.00s. This downward movement can be attributed to
Gold prices experienced a 0.30% increase on Tuesday, driven by a decline in US Treasury yields and a weakening US dollar. Traders are eagerly awaiting important US inflation data, as well as the first presidential debate between Kamala Harris and Donald Trump. These events have the potential to significantly impact the market’s overall sentiment. Current
The U.K. is facing significant challenges when it comes to commercializing technology businesses globally. According to Warren East, former CEO of Arm, there is a need for a mindset shift within the investor community in order to succeed on the world stage. East pointed out that there has been a lackluster growth and poor rates
As the U.S. Federal Reserve prepares for its upcoming meeting, the possibility of a jumbo 50 basis point rate cut is being debated. This move, according to analysts, could demonstrate that the central bank is ready to take decisive action without signaling deeper concerns about a broader economic downturn. Michael Yoshikami, CEO of Destination Wealth
Recent data from the Recruitment and Employment Confederation and KPMG indicate a noticeable cooldown in Britain’s labour market. The survey of recruiters revealed a sharp decline in job placements, particularly in the permanent job sector. This drop in placements was the fastest in five months, signaling a potential slowdown in hiring activities in the country.
Upon initial analysis, the NFPs may not appear to be weak, but a closer look reveals that the anticipated buying squeeze was short-lived. Despite initial speculations about a 50bp cut in September, the actual odds of this happening remained stagnant at 30%. This lack of movement in the odds follows a previous policy mistake in
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