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
The relationship between China’s consumer demand and the performance of key European benchmark stock indices, as well as the EUR/CHF, has been a topic of interest in the global financial markets. Recent data on China’s core inflation and producer prices for August have raised concerns about lackluster internal demand in the country, which could have
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
China’s economic data, particularly the Consumer Price Index (CPI) and Producer Price Index (PPI), plays a crucial role in determining the value of the Australian Dollar (AUD). Understanding the relationship between these economic indicators and the AUD is essential for investors and traders looking to make informed decisions in the financial markets. The recent data
The recent market trends have shown that while Non-Farm Payrolls (NFPs) may not appear to be weak initially, there is a lack of sustained buying pressure. The anticipated buying squeeze turned out to be short-lived, with shifting rate cut odds influencing the market sentiment. Despite the mention of a 50 basis point (bp) rate cut
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
Recent estimates from a Reuters poll suggest that economists are expecting a drop in headline year-over-year (YoY) inflation to +2.6%, down 0.3 percentage points from the previous month. The estimate range falls between +2.6% and +2.4%. On the other hand, core inflation, which excludes energy and food components, is anticipated to remain stable at +3.2%
Taking a closer look at the US Aug payrolls, which saw an increase of 142k, it is evident that this data point will have a significant impact on the USD/JPY pairing. The job market trends in the US often have a ripple effect on the currency market, and any fluctuations in the labor market data
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
Exchange-traded fund inflows have already reached monthly records in 2024 and are showing no signs of slowing down. The influx of capital has caught the attention of fund managers and analysts who are closely monitoring the situation for potential impacts on the market. With a staggering $6 trillion plus parked in money market funds, experts