Quick Look Standard Chartered forecasts a significant call on OPEC at 1.8 million barrels per day. OPEC Secretariat estimates even higher at 2.7 million barrels. On-land inventory levels have dropped to their lowest since 2016, indicating tightening market conditions. The U.S. oil data index reveals a close balance between bullish and bearish readings, signalling market …
Quick Look Russia’s GDP is on the way to grow by 2.6% in 2023, surpassing previous years’ forecasts. The defence and security budget in 2024 constitutes 40% of total expenditure amid rising inflation and labour shortages. Economic resilience is attributed to strategic preparation for financial sanctions and lucrative oil and gas earnings. Sanctions have led …
2.6% GDP Growth: Russia Defies Sanctions in 2024 Read More »
Quick Look U.S. inflation remains persistent, complicating the Federal Reserve’s easing cycle timeline. The yen struggles around 150 per dollar, facing a significant yearly decline amidst speculation. The dollar index exhibits resilience, climbing 3% this year amid changing rate cut expectations. Economic indicators highlight ongoing inflationary pressures, with mixed signals from retail sales and jobless …
Global Currency Shifts: Dollar Inflation & Yen’s 6% Dive Read More »
Quick Look China exceeded its modest growth target by over 5% last year. The crisis in the property market, subdued exports, and regulatory pressures on private sectors mark key challenges. Record withdrawals by international investors from Chinese stocks signal waning confidence. Deflation streaks and high debt-to-GDP ratios underline systemic economic pressures. Government strategies aim at …
China’s Economy Surges 5%: A Dragon’s Challenge Ahead Read More »
Quick Look CSI 300 Index sees a 0.5% rise as markets reopen post-Lunar New Year, with tourism stocks up by 1.2%. People’s Bank of China holds the policy rate at 2.5%, signalling stability amidst economic recalibrations. Global markets exhibit mixed responses, highlighting the interplay of economic policies and geopolitical tensions. Thailand’s economy contracts, fueling rate …
China’s Markets Rise & Pivot Amid Global Strains Read More »
Quick Look Japan and the UK entered technical recessions with negative GDP growth for two consecutive quarters. Germany’s economy also reports consecutive quarterly declines in GDP. China’s economic slowdown, particularly in its property sectors, raises concerns. The U.S. economy showcases resilience with strong credit-driven consumption despite a decline in January retail sales. The global energy …
Divergent Global Recoveries: U.S. Thrives, Others Struggle Read More »
Quick Look Dow Jones futures dip slightly, while Nasdaq futures see modest gains. DoorDash shares plummet 8.5%, while Trade Desk and Applied Materials celebrate earnings victories. S&P 500 hits new highs, Dow Jones rallies, but Nasdaq faces a weekly decline. Retail sales in January signal consumer spending caution. Analysts anticipate moderate inflation and solid equity …
S&P Hits Highs, Dow Jones Dips: Market’s Mixed Signals Read More »
Quick Look EU rules favour Apple and Microsoft, avoiding interoperability mandates and stricter controls. Decisions highlight the EU’s commitment to fair competition, innovation, and consumer choice in the digital market. Microsoft announces a significant investment of 3.2 billion euros in Germany, emphasizing artificial intelligence. The European Union (EU) has adopted a firm yet balanced approach …
Quick Look Japan now ranks as the world’s fourth-largest economy, trailing behind Germany. The country’s GDP contracted in the last quarter of 2023, with an annual shrinkage of 0.4%. Economic growth slowed to 1.9% in 2023, with expectations of further deceleration to 0.5% in 2024. A weakening yen and decreased private consumption have significantly impacted …
Japan Slips to 4th in Global Economy, GDP Shrinks 0.4% Read More »
Key Economic Updates Across the Global Markets The USD Index (DXY) ended Wednesday in the red, reversing Tuesday’s gains. UK GDP shrank by 0.2% annually in Q4, missing the expected 0.1% growth. Australian unemployment increased to 4.1% in January, with minimal job growth. Japan’s economy contracted by 0.1% in Q4, indicating a slowdown. US inflation …
Quick Look Stock futures edge higher, signalling a potential rally momentum regain. Modest gains across Dow Jones, S&P 500, and Nasdaq-100 futures amidst economic optimism. Investors remain focused on inflation and the Federal Reserve’s strategy to maintain economic stability. Key earnings reports and economic data set to influence the stock market directions. Cisco’s premarket downturn …
Stock Market Poised for Recovery: Insights and Updates Read More »
Quick Look A Senate deal to enhance border security and manage immigration faces obstacles from House Republicans. The Congressional Budget Office (CBO) forecasts a labour force boost of over 5 million from immigration over the next decade. Immigration might contribute nearly $7 trillion to the GDP and $1 trillion in federal revenue within the same …
5M Labour Boost & $7T GDP Surge: Immigration’s Impact Read More »
Quick Look UK’s Claimant Count Change fell by 14.1K, showcasing a strong labour market. The US Federal Budget Balance worsened to -21.9 billion USD, indicating fiscal stress. UK’s unemployment rate remains low at 3.8%, with the Average Earnings Index rising by 5.8%. US inflation forecasts suggest mild monthly increases, with a year-over-year CPI expected at …
Economic Indicators: Unpacking Fiscal & Market Trends Read More »
Exchange vs OTC: A Comparative Analysis The financial markets are a critical component of the global economy, facilitating the allocation of resources and the transfer of risk among participants. Within these markets, transactions can be executed on exchanges or over-the-counter (OTC). Exchange vs OTC, what is the difference between them? That is a good question. …
Quick Look The US Dollar Index slightly surpassed the 104.00 mark, buoyed by higher US yields. Despite gains, USD’s performance was tempered by strong US stock indexes. Currency pairs saw mixed movements, with the EUR/USD fluctuating below 1.0800 and the GBP/USD maintaining levels above 1.2600. Canadian unemployment rate projections and German CPI data hint at …
The US Dollar’s Tug of War: Yields Up, Stocks Steady Read More »
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