As we reach the end of the week, Asian markets show signs of resilience and optimism, buoyed by a favorable performance on Wall Street. The previous day’s trading in the United States saw significant increases, setting a rejuvenated tone for stock exchanges across the Asian continent. Notably, the S&P 500 and Nasdaq achieved notable gains,
Economy
The recent movement in Asian shares has been closely tied to the tech-driven rally on Wall Street. Despite initial concerns, Asian shares bounced back, with a significant increase in MSCI’s broadest index of Asia-Pacific shares outside Japan. The Nikkei in Japan saw a jump of 3.3%, largely due to a weaker yen. This movement indicates
The recent debate between Republican Donald Trump and Democratic Vice President Kamala Harris has left Wall Street investors on edge. Despite the high stakes and tension during the debate, little clarity was provided on key policy issues that could potentially impact the markets. In fact, some observers noted that both candidates failed to make strong
China’s policymakers recently discussed an official plan to delay the country’s retirement age, which is among the lowest in the world. The proposal, aimed at addressing the shrinking working population, was assessed at the 11th meeting of China’s Standing Committee in Beijing. The retirement age in China is currently 60 for men, significantly lower than
Shigeru Ishiba, a former Japanese defense minister, emphasized the importance of fully exiting deflation as a crucial task for the country’s economic growth. Despite some positive signs, Ishiba expressed concerns about the lack of significant recovery in private consumption. His policy pledges for the Liberal Democratic Party’s leadership race focus on achieving sustainable growth in
At the start of the week, futures tied to Wall Street’s main indexes showed signs of recovery after facing significant losses in the previous week. The optimism among investors regarding a soft landing for the U.S. economy was evident, especially with a crucial inflation report on the horizon. Megacap stocks were on the rise in
Recent data from a survey of recruiters in Britain has revealed a notable cooling in the labor market. The Report on Jobs from the Recruitment and Employment Confederation and KPMG highlighted a significant decline in permanent job placements, marking the fastest decrease in five months. This decrease in job placements is concerning as it indicates
Egypt’s economy has been experiencing a complex interplay between government policies and inflation rates. Despite a forecasted decline in inflation for the sixth consecutive month in August, the country has been grappling with the impact of government-led price hikes. The $8 billion financial support package signed with the International Monetary Fund has been instrumental in
France is facing difficulties in meeting the deadline set by the European Commission to submit a plan to reduce its public deficit. According to reports, the country’s budget deficit could spiral unexpectedly higher this year and next if additional savings are not found. This situation has put France into EU disciplinary proceedings and has intensified
U.S. Treasury Secretary Janet Yellen has hinted at the end of her tenure in government once President Joe Biden’s term concludes in January. At the Texas Tribune Festival, Yellen indicated that she is “probably done” at the highest levels of government, leaving room for uncertainty about her future endeavors. Despite not making a definitive statement,
The recent appointment of Michel Barnier as the new prime minister of France by President Emmanuel Macron has sparked outrage and protests across the nation. Left-wing parties are accusing Macron of stealing legislative elections by appointing a center-right candidate as prime minister, going against the will of the people. This move has led to thousands
Thailand’s new Prime Minister Paetongtarn Shinawatra has expressed her government’s intention to stimulate the economy “right away” by continuing with the policies of former premier Srettha Thavisin. This decision was made clear during a special cabinet meeting held to prepare policies that will be presented at a 2-day meeting of parliament. The new administration under