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%
Investment
The US inflation rate, as indicated by the PCE Price Index, has remained steady at 2.5% year on year in July. This stability in inflation comes at a time when the USD is gaining strength due to the performance of the economy. The latest data suggests that with inflation under control and economic activity consistent,
Recent data from the Ministry of Finance in Japan indicates a 7.4% year-on-year increase in corporate spending on plant and equipment during the second quarter. These numbers have sparked hope for a domestic-led recovery in economic growth in the country. It is clear that businesses are investing in their future, which could have a positive
The correlation between the party affiliations of U.S. presidents and economic growth has long been a subject of research and discussion. Over the years, studies have indicated a pattern where the economy tends to grow at a faster rate under Democratic presidents compared to Republican presidents. However, it is essential to note that correlation does
The recent US PCE report has caused a stir in the financial markets, particularly in relation to the Federal Reserve’s policy on interest rates. There is now an increased likelihood of a rate cut in September, with traders betting heavily on a 25 basis point reduction. This cautious approach by the Fed has led to
The recent rise in Wall Street stocks and the second consecutive all-time high for the Dow are largely attributed to fresh U.S. economic data that has raised expectations for Federal Reserve rate cuts. The anticipation of a modest rate cut in September has been bolstered by solid growth in U.S. consumer spending for the month
Warren Buffett, widely known as the “Oracle of Omaha,” recently celebrated his 94th birthday with Berkshire Hathaway reaching new milestones. The conglomerate became the first non-technology company to surpass a $1 trillion market capitalization, while its Class A shares surged past $700,000 each for the first time in history. As friend and fellow investor, Howard
In the early Asian session on Friday, EUR/USD was trading stronger near 1.1080 despite the release of positive US GDP data. The US Gross Domestic Product (GDP) growth rate for the second quarter (Q2) rose at an annual rate of 3.0%, surpassing expectations. The report indicated that the US economy could avoid a recession, reducing
The NZD/USD pair has been gaining momentum, reaching as high as 0.6280 in the early Asian session, marking its highest level since January 4. This uptick in the New Zealand Dollar (NZD) can be attributed to the recent surge in New Zealand’s Business confidence. According to the ANZ Business Outlook Survey, business confidence in New
Xpeng, a Chinese electric car company, recently introduced its new mass-market Mona brand with prices starting at $16,812, significantly lower than Tesla’s Model 3. The launch of the Mona M03 electric coupe garnered impressive reception, with orders exceeding 10,000 in just 52 minutes after the unveiling event in Beijing. This positive response from consumers resulted
The Indian Rupee has been under pressure in Wednesday’s early Asian session, driven by the weakening of Asian peers and increased demand for the US Dollar. However, positive sentiments in domestic markets and dovish comments from Federal Reserve Chair Jerome Powell at the Jackson Hole meeting may provide some support to the local currency. Investors
The Indian Rupee has weakened in Tuesday’s early Asian session due to month-end USD demand and higher crude oil prices. Traders are anxiously awaiting the US August CB’s Consumer Confidence report, as well as other key events scheduled later this week. According to Anuj Choudhary, a Research Analyst at Sharekhan by BNP Paribas, the rupee
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