Recent statements from top Chinese officials have highlighted the country’s commitment to focusing on its own affairs amidst escalating trade tensions with various nations. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of concentrating on internal matters to ensure the smooth running of
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The recent comments made by Federal Reserve Chair Jerome Powell have had a significant impact on the dollar, causing it to hover around five-week lows. Powell’s remarks have bolstered the case for a rate cut in September, leading to a shift in rate cut expectations among market participants. This has resulted in the dollar index
The USD/JPY pair is showing an upward trend, currently trading around 158.30 during the early Asian trading session. This rise can be attributed to the slight recovery in the US Dollar (USD) market. Investors are closely monitoring the US June Retail Sales data and eagerly anticipating the speech by Federal Reserve Chair, Adriana Kugler, for
As we dive into the global financial markets on Monday, July 15, we see that they have started the week cautiously due to news of an assassination attempt on former President Donald Trump. While there are no major economic data releases scheduled for today, investors will be keeping an eye on Federal Reserve (Fed) Chairman
China’s National Bureau of Statistics recently reported that the country’s second-quarter GDP only rose by 4.7% year on year, which fell short of the expected 5.1% growth. This news has left many economists and investors concerned about the slower than anticipated growth in the Chinese economy. Additionally, June retail sales also missed estimates, only rising
China’s economy has hit a roadblock in the second quarter of the year, with growth slowing down to 4.7%. This marks the slowest growth rate since the first quarter of 2023, falling short of the 5.1% forecast by analysts. The sluggish growth is attributed to a prolonged property downturn and job insecurity, which have dampened
The recent attempted assassination of former President Donald Trump has sent shockwaves through the global markets, with Asian assets being the first to react to the news. This incident has further intensified the already high political tension in the U.S., raising questions about the potential impact on trading and investing in Asia. This article will
As we delve into the recent developments in the US job market, it is evident that there has been significant softening in labor market conditions. Federal Reserve Chair Jerome Powell highlighted this during his testimony on Capitol Hill. This shift in focus towards the possibility of weakness in the labor market is a departure from
In Friday’s early European session, the EUR/GBP cross was trading with a mild bearish bias around 0.8475. The main reason for this was the victory of the Labour Party in the parliamentary election, securing 337 seats and gaining a majority in the House of Commons. This outcome has generated optimism among investors, as Keir Starmer’s
The European stock markets experienced a surge in optimism on Thursday, driven by the expectation of U.S. interest rate cuts due to soft economic data. This positive sentiment was reflected in the rise of the pan-European STOXX 600 index by 0.6% to reach a one-week high. Investors were particularly keen on the London markets as
The Australian Trade Balance has been facing a deteriorating trend due to various economic factors. China’s lackluster demand, the collapse of the real estate market, and the slump in iron ore prices in the first half of 2024 have all contributed to this downward trend. Additionally, trade tensions between Australia and China, as well as
The market for initial public offerings (IPOs) in Hong Kong is expected to see significant improvement over the next five years, with the turnaround beginning in the second half of this year. George Chan, global IPO leader at EY, expressed optimism about the future of the Hong Kong IPO market, citing positive trends and a
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