China’s central bank, the People’s Bank of China (PBOC), is taking steps to cool the country’s surging bond market. The central bank is concerned about the potential risks associated with the recent rally, deeming it …
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US Producer Prices Rise Slightly in June, but Inflation Pressures Ease
The US producer price index (PPI) climbed 0.2% in June, exceeding expectations, driven by a rise in the cost of services. However, the overall trend suggests inflation pressures are easing. The PPI, which measures prices …
Continue readingOil Prices Rise on US Inflation Data, Rate Cut Hopes
Oil prices climbed on Thursday, with the Brent benchmark rising above $85 a barrel, driven by hopes of interest rate cuts in the United States. The surge followed data revealing a slowdown in US inflation, …
Continue readingJapanese Yen Surges as Weak US Inflation Punishes Dollar
The Japanese yen soared on Thursday, experiencing its largest single-day gain since late 2022. Traders attributed the surge primarily to dollar selling triggered by a weak US inflation report. The report fueled expectations of an …
Continue readingInflation, Japan, Yen, Import Costs, Interest Rate Hike, BOJ
Japan’s wholesale inflation soared in June, reaching a record high for the seventh consecutive month, driven by a weakening yen and rising import costs. The corporate goods price index (CGPI), which measures prices companies charge …
Continue readingCanada’s Jobless Rate Surges to 29-Month High, Boosting Rate Cut Bets
Canada’s unemployment rate climbed to a 29-month high of 6.4% in June, raising concerns about a potential recession and increasing expectations of a rate cut by the Bank of Canada (BoC) this month. The rise …
Continue readingGlobal Stocks Surge on Strong US Jobs Data, UK Labour Wins Landslide Victory
Global stocks climbed on Friday, with US Treasury yields dipping after a strong jobs report boosted expectations of a Federal Reserve interest-rate cut. The S&P 500 and Nasdaq hit fresh closing highs, led by communication …
Continue readingDow Surges to One-Month High on Rotation, Nasdaq Drops as Investors Eye Fed Cuts
The Dow Jones Industrial Average closed at a one-month high on Monday, fueled by a rotation out of AI-linked stocks and into laggards as investors bet on Federal Reserve interest rate cuts later this year. …
Continue readingFed Report: Inflation Easing, Job Market Rebalanced, Rate Cuts Possible
The Federal Reserve released its latest Monetary Policy Report to Congress on Friday, indicating a steady return to more normal conditions after the pandemic. The report highlights easing inflation, a rebalanced job market, and the …
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