Weaker than expected economic data in China threatens to derail economic growth and trigger risk aversion. The US central bank seems pressured by Solid US economic data released since last Friday ahead of the awaited US inflation data.The GBP/USD pair is upward biased, and could even test Tuesday’s high of …

Wall Street’s main indexes opened lower on Wednesday as warnings of a looming recession from major Wall Street bankers offset optimism around China relaxing its strict zero-COVID rules.The Dow Jones Industrial Average fell 39.9 points, or 0.12%, at the open to 33556.4. The S&P 500 fell 8.0 points, or 0.20%, …

The USD/CAD falls during the US tgrading session after the Bank of Canada hiked rates by 50 bps, from 3.75% to 4.25%, in line with analysts’ expectations, triggering a fall from around 1.3700 to 1.3505. At the time of writing, the USD/CAD remains volatile, trading around 1.3600-1.3615.The Bank of Canada …

Russian President Vladimir Putin said on Wednesday that the threat of a nuclear war is on the rise. Putin’s comments do not seem to be having a significant impact on risk appetite. At the time of writing, the performance of S&P 500 Index is unchanged on the day at 3,940.Putin …

Uncertainty is prevalent regarding the Fed’s intentions that will unfold after FOMC meeting, later in December. Fed officials hinted at an easing pace of quantitative tightening starting as soon as this month, despite signs of easing inflation, but doubts are increasing lest the economy should fall in long-lasting recession.ECB’s Constantinos …

MSCI’s all-country world index, a gauge of stock performance in over 40 countries, fell 1.26% to record a third lower successive day after hitting a three-month high last week.An analysis by MSCI ESG Research noted 32 factors and risks that businesses and investors should consider for 2023 and beyond when …

Mathew McDermott, Goldman Sachs’ head of digital assets, suggested on Tuesday that the bank ponders to invest in, or even buy crypto firms whose prices significantly deteriorated in the wake of the FTX collapse in deals that would cost tens of millions of dollars. Goldman Sachs’s plan comes after the …

US power consumption is expected to hit a new record high this year as a logical result of the expanding economic activity and a particularly hot summer according to estimates by the US Energy Information Administration.On Tuesday, the EIA forecast that 2022 power demand in the United States will touch …

Fresh data has indicated expansion of Canadian economic activity at a faster pace in November and a measure of price pressures cooled according to Ivey Purchasing Managers Index (PMI) data, released on Tuesday.The seasonally adjusted index rose to 51.4 in November from 50.1 in October. The Ivey PMI measures the …

Chinese authorities are considering downgrading Covid-19. This could be a positive for risk appetite on Wednesday in the financial markets that have been impacted on Tuesday by risk aversion.Global stocks had their third straight day of losses on Tuesday as investors felt perplexed on how long the Fed will maintain …