October 29th Financial News
The US seeks to buy up to 3 million barrels of oil to replenish its strategic petroleum reserve (SPR); European Central Bank's Guindos says significant progress has been made in disinflation, but substantial risks remain ahead...
8 hours ago
EU Aims to Boost Competitiveness at Long Last
Policymakers are keen to reform Europe’s stagnating economy through less regulation and more investment.
2024-10-27
Tokyo Inflation Slows Below 2% ahead of Japan's Election, Central Bank Meet
Inflation in Tokyo slowed below 2% for the first time in five months largely due to energy prices, as the country heads into a general election and the Bank of Japan (BOJ) mulls data for its policy decision next week.
2024-10-25
What’s Normal, Anyway?
From debt ratios to interest rates to unemployment, simple averages of the past are often not a good guide to where things are headed.
2024-10-25
October 25th Financial News
Polls show Japan's ruling party may lose its majority in the lower house, which could lead to a decline in both the yen and the stock market. U.S. new home sales hit a one-year high in September; European Central Bank officials urge caution in cutting interest rates...
2024-10-25
Eurozone Private Sector Economy Fails to Grow for Second Month
The downtrend in private-sector activity in the euro-area extended into a second month with the region’s two top economies weighing on output and little sign of a recovery to come.
2024-10-24
BOJ Chief Says It Is 'still Taking Time' to Hit Inflation Goal
Bank of Japan (BOJ) Governor Kazuo Ueda said on Wednesday it was "still taking time" to sustainably achieve its 2% inflation target, signalling that the central bank will tread carefully in pushing up the country's still near-zero interest rates.
2024-10-24
Brics Leaders Tout Joint Finance, Trade Projects At Russian Summit
"BRICS countries are among the world's largest producers of grains, legumes, and oilseeds. In this regard, we proposed opening a BRICS grain exchange," Putin told the leaders.
2024-10-24
October 24th Financial News
Oil traders rush into the options market, with Brent crude options reaching record open interest of over 4 million contracts for the first time; Japan's manufacturing activity declines for the fourth consecutive month; Bank of Canada cuts its policy rate by 50 basis points...
2024-10-24
Gold Rallies above $2,750 as Blinken Takes Cover in Tel Aviv
Gold (XAU/USD) continues trending higher and enters the territory of the $2,750s on Wednesday, reaching new all-time highs.
2024-10-23
Blackstone CEO Says US to Avoid Recession Regardless of Election
Blackstone Inc chief executive officer Steve Schwarzman said the US is likely to avoid a recession regardless of who wins the presidential election, as both candidates have policy proposals that appeal to growth.
2024-10-23
Global Bond Rout Spreads to Japan With Ultra-long Debt Pressured
Japan’s bonds are the latest to succumb to a global debt sell-off as traders unwind bets for aggressive US interest-rate cuts.
2024-10-23
Bank of Canada Expected to Deliver Jumbo 50 Bps Interest-rate Cut
Bank of Canada (BoC) is expected to cut its policy rate by 50 bps.
2024-10-23
EUR/USD Extends Losses as ECB Officials See More Interest-rate Cuts Ahead
EUR/USD slides slightly below 1.0800 in Wednesday’s European session.
2024-10-23
US Note Future Keeps Drifting Away
Today’s eco calendar contains another avalanche of central bank speakers while eco data are confined to EMU consumer confidence and the release of the Fed’s Beige Book. We don’t fight ruling market trends.
2024-10-23
Thai Central Bank Chief Sees ‘high’ Bar to Another Rate Cut
Thailand’s central bank chief Sethaput Suthiwartnarueput: Given that we just recalibrated, I think the bar for taking further rate moves has to be reasonably high.
2024-10-23
