In a recent television interview, Chancellor Olaf Scholz reiterated Germany’s coalition government’s commitment to its social agenda despite economic challenges. He emphasized the importance of defending and further developing the welfare state while addressing other pressing issues, such as military aid to Ukraine. The three-way coalition in Germany, comprising the Social Democrats (SPD), pro-business liberals
Development
The financial landscape is constantly evolving, marked by intricate economic indicators, monetary policy decisions, and investor sentiment. In this article, we delve into the recent developments in consumer inflation expectations, private sector credit numbers, US economic data, CB Consumer Confidence Index, US Personal Income and Outlays Report, and their implications on monetary policy decisions. The
Germany’s Economy Minister Robert Habeck visited China and emphasized that the European Union is willing to engage in discussions regarding EU tariffs on Chinese exports. He conveyed that the message of open dialogue was well received by his Chinese counterparts, highlighting the importance of maintaining open markets while ensuring a level playing field for all
Germany’s Economy Minister, Robert Habeck, recently visited China to discuss the proposed European Union tariffs on Chinese goods. Contrary to popular belief, Habeck emphasized that these tariffs are not a form of punishment. This visit marks the first by a senior European official since the EU suggested imposing significant duties on Chinese-made electric vehicles (EVs)
In recent days, commodity markets have seen a resurgence in positive territory, with both silver (XAG/USD) and gold (XAU/USD) experiencing gains. The underlying factor behind this surge appears to be mounting concerns around geopolitical tensions in both the Middle East and Asia. News of a potential escalation on the northern border between Lebanon and Israel
Safe Superintelligence (SSI), founded by Ilya Sutskever, is set to revolutionize the field of artificial intelligence. Unlike traditional AI companies, SSI will exclusively focus on developing safe superintelligence with a clear mission and product roadmap. By avoiding distractions such as management and product cycle issues, SSI aims to stay true to its core values of
The latest report on U.S. factory production in May showed a surprising increase, rebounding from declines in the previous two months. The Federal Reserve reported a 0.9% jump in manufacturing output, surpassing economists’ expectations. However, despite this positive development, the outlook for sustained momentum in the sector remains uncertain. Higher interest rates and softening demand
The Nasdaq 100 (US Tech 100 mini on FXOpen) has recently faced some uncertainty in its price behaviour near the resistance level of 18,840. A decline in price was seen followed by a test of the former resistance at 18,250. This test showed aggressive demand, as indicated by the long lower shadow on the candle.
The price of gold experienced a setback at the beginning of the week, dropping below $2320 as geopolitical tensions took a backseat. The recent volatility in the market was influenced by conflicting data regarding interest rates and market participants’ preference for US Treasuries. The US dollar index (DXY) faced resistance at 105.63, leading to a
The Euro is the currency for the 20 European Union countries that belong to the Eurozone, making it the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions with an average daily turnover of over $2.2 trillion. The EUR/USD pair is
The recent surge in French bond yields due to the upcoming election has sparked discussions regarding potential ECB interventions. Despite the market turbulence, ECB policymakers have not expressed plans to initiate emergency purchases of French bonds. According to five ECB sources who chose to remain anonymous, there has been no deliberation on activating an emergency
China’s Premier Li Keqiang began his four-day trip to Australia with a low-key start by visiting a South Australian winery and the Adelaide Zoo. His visit is the first by a Chinese premier in seven years, demonstrating the importance of the relationship between the two countries. During his visit to the Adelaide Zoo, Premier Li
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