Corporate news, financial markets, and economic trends
JPMorgan Chase shares gained 5% after the bank reported third-quarter earnings that had analysts cheering, particularly from net interest income, which was much higher than expected. The bank recorded a surprise increase of 3% in NII to $23.4 billion across fears that low interest rates will squeeze its margins. This performance helped boost the stock…
The minutes of the Federal Reserve meeting of September 2024 reflected a mixed opinion on the rate cut size. Some members of the Federal Open Market Committee wanted just a moderate reduction by 25 basis points, but the central bank was voting for a 50 basis point cut. The biggest concern of those who advocated…
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…
