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.
Evolving
Thailand’s Prime Minister Paetongtarn Shinawatra has announced that her new government will focus on stimulating the economy immediately. Following a special cabinet meeting to fine-tune policies, she is set to present her plans at a parliamentary meeting later this week. Paetongtarn, who took office after the ousting of former premier Srettha Thavisin due to ethical
Recent reports from Bloomberg News suggest that the U.S. Federal Reserve, along with other regulators, is gearing up to introduce significant revisions to proposed bank capital rules. These changes, totaling up to 450 pages, would focus on key aspects such as operational risk provisions. One of the crucial modifications in the revised proposal involves a
In the midst of deep political fault lines and a divided parliament, French President Emmanuel Macron has appointed Michel Barnier, a seasoned political figure known for negotiating Brexit, as his prime minister. This decision comes at a crucial time for Macron, who is facing growing questions about his ability to lead the country until 2027.
The housing market in New Zealand has been experiencing fluctuating trends, with predictions of a 6% rise in house prices next year. This forecast comes after a recent decline in prices, which saw home values drop nationally from NZ$800,000 to NZ$753,000 earlier this year. Despite this decline, prices are still relatively high, sitting just 19%
Recent statements by Federal Reserve officials hinted at a rate cut in September, with Deutsche Bank economists suggesting that it is quite likely to happen. The exact magnitude of the rate cut remains uncertain, depending on various data points. The economists at Deutsche Bank believe that the upcoming September meeting’s rate cut will be influenced
The S&P 500 showed signs of recovery after a weak Thursday close, with indications suggesting that interest rate sensitive plays would perform better than large caps on Friday. This shift was seen as a result of rates not posing a threat and growing confidence in a soft landing. The implications of this were evident in
The chief executive of Turkey’s largest private bank, Isbank, has highlighted the challenges that lie ahead for the country’s banking sector in the midst of economic uncertainties. Hakan Aran, the CEO of Isbank, expressed concerns about the impact of Turkey’s economic turnaround and the ongoing struggle with inflation. Aran emphasized that Turkish banks are set
The Australian labour market has been displaying an impressive level of resilience, which is causing a headache for policymakers attempting to control inflation. Despite the recent Consumer Price Index (CPI) figures showing annual inflation in line with expectations, the sustained strength of the services sector, fueled by robust job market conditions, is posing a challenge
In recent interviews with state media, People’s Bank of China Governor Pan Gongsheng expressed that China’s financial risks have seen a decline, particularly in relation to local government debt. He mentioned that the central bank is collaborating with the Ministry of Finance to ensure that China meets its growth targets for the year. Pan emphasized
The AUD/USD pair saw an uptick, reaching 0.6950, following Reserve Bank of Australia’s (RBA) Governor Michele Bullock’s remarks. Despite mixed economic forecasts and rising inflation, the market responded positively to Bullock’s hawkish stance. Her comments indicated a cautious approach towards potential inflation risks, stating that it was too early to consider rate cuts. This stance
The CEO of UBS, Sergio Ermotti, recently expressed concerns about the potential intensification of market volatility in the second half of the year. This comes after a period of sharp sell-offs in global equities, triggered by weak economic data from the U.S. While there are fears of an economic downturn, Ermotti does not believe that
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