Corporate news, financial markets, and economic trends
Japan’s wholesale inflation accelerated significantly in September 2024, despite slacking eased cost pressures from imported goods following a rebound in the yen. This dynamic poses a challenging situation for Japan to be in while battling inflationary pressures that are driven both by domestic and global causes. Inflationary Pressures and Import Costs The corporate goods price…
Oil prices steadied as a sharp drop on talks of a possible ceasefire between Israel and Hezbollah spooked global markets. It would be right to state that the proper interpretation lies in the fact that Brent crude futures gained 11 cents at $77.29 a barrel and U.S. West Texas Intermediate advanced 3 cents at $73.60…
Stocks in mainland China slid yesterday, October 9, 2024, amid growing investor skepticism about the efficacy of stimulus plans from Beijing. The Shanghai Composite Index slid 5.3%, and the CSI 300 Index plummeted 5.8%, for that matter, thus closing its ten-day rally streak. This turning has been mainly because the Chinese government was not able…
Japan’s economy has faced plenty of challenges in 2024. Still, the last reports reveal that real wages and household spending are falling. Though it seems to be a sign of economic weakness, it is still going to prove to be but a small, short-term hitch on the way to further tightening by the BOJ. Household…
A rally went up on a whim for most of last year, which began as China’s stock market in 2024 but lost steam over the lack of further big stimulus beyond the initial back-to-back moves by the government. There, optimism surrounding the policy shifts by Beijing has given way to growing frustration among traders over…
In fact, the new market-friendly policy thrust, galvanized by a U.S. labor market surprisingly better than recession, raises questions of a “no landing.” This term refers to the state in which an economy continues to grow without some significant slowdown into recession, no matter how hard those trying to bring inflation under control try to…
It is actually leading a rally in Asian equities, driven by strong figures of U.S. employment that have allayed recession fears and then tempered the expectations of further rate cuts at the Federal Reserve. Japan’s benchmark Nikkei 225 jumped 2% in early trading sessions, reflecting investor optimism citeturn0search67. The September U.S. nonfarm payrolls report revealed…
The Bank of Canada has announced plans to appoint a second external deputy governor, a decision aimed at expanding the diversity and breadth of perspectives within its governing council. This move will increase the number of members on the interest rate-setting body from six to seven, ensuring a broader range of views in its monetary…
Oil prices increased the most in a week since February 2023 amid rising Middle East tensions during the week, centered on the conflict between Israel and Hezbollah. Concern about the conflict spilling over into other major oil producers, namely Iran, has fueled the instability, and that pushed oil futures significantly higher. Brent crude, the international…
The Federal Reserve decision to cut interest rates in 2024 has generated a lot of debate on how such might affect the wallet of car buyers. Though the move targets making borrowing cheap, car buyers may not feel the immediate impact for numerous reasons. How Slow Fed Rate Cuts Affect Markets The Federal Reserve does…
