In a recent online meeting, Japan’s Prime Minister Shigeru Ishiba urged US President Joe Biden to address concerns within the Japanese and US business communities regarding his decision to block Nippon Steel’s planned acquisition of U.S. Steel.The request was made during a three-way discussion with Biden and Philippine President Ferdinand …

The New York Federal Reserve’s latest Survey of Consumer Expectations revealed a mixed picture of consumer inflation expectations in December, with concerns about household debt rising.Key Findings: Mixed Inflation Expectations:One-year ahead inflation expectations remained steady at 3%. Three-year ahead inflation expectations ticked up to 3% from 2.6% in November. Five-year …

Last week was eventful, marked by a series of significant developments. These included policy directions anticipated from President-elect Donald Trump’s administration, future paths for central banks, particularly the Federal Reserve, and the impact of key US economic releases. The Eurozone has seen significant developments, particularly CPI front. Several European leaders …

The US Dollar surged to multi-year highs following the release of robust Nonfarm Payrolls (NFP) data for December. The stronger-than-expected job gains, significantly exceeding market expectations, pushed back the anticipated timeline for Federal Reserve (Fed) interest rate cuts. This, combined with persistent inflationary pressures and rising Treasury yields, fueled demand …

Bitcoin experienced a sharp decline on January 10th as unexpectedly strong US job market data diminished expectations of imminent interest rate cuts by the Federal Reserve. This news dampened investor enthusiasm for risk assets, including cryptocurrencies, as the prospect of tighter monetary policy loomed.The robust employment figures, exceeding market forecasts, …

The Dow Jones Industrial Average plummeted over 700 points on Friday, following the release of unexpectedly strong Nonfarm Payrolls (NFP) data for December. This robust jobs report, significantly exceeding market expectations, dampened hopes for imminent Federal Reserve (Fed) interest rate cuts. Simultaneously, the University of Michigan consumer sentiment survey revealed …

Federal Reserve Bank of Chicago President Austan Goolsbee stated in a CNBC interview on Friday that interest rates should decrease if economic conditions remain stable, inflation does not resurge, and full employment is maintained, according to Reuters. Goolsbee emphasized that the labor market is currently stable at full employment and …

The recent US nonfarm payrolls report delivered a resounding message: the American labour market remains a force to be reckoned with. December witnessed a robust 256,000 job additions, significantly surpassing expectations and solidifying the economy’s resilience. This robust growth, particularly evident in the private sector, underscores the continued strength of …

US employment data significantly influences market price movements. By examining preliminary employment indicators, we can anticipate the likely outcomes of the official data release, typically on the first Friday of each month.This Friday, the highly anticipated US employment data is scheduled for release. Market expectations point towards a substantial increase …

US Market Activity Stalls Ahead of NFP ReleaseTrading volumes in the US market were subdued on Thursday, as market participants braced for the upcoming Nonfarm Payrolls (NFP) report scheduled for release on Friday, January 10th.The US Dollar Index (DXY) displayed modest gains amidst a generally tepid market environment. The observance …