Economic Report

Shortly after Japanese Prime Minister Shinzo Abe announced that he is stepping down due to health issues, the market reacted with anticipation for the one who will replace Japan’s longest serving PM. A recent report by CNBC explored the main challenges facing the next Prime Minister of Japan, noting that …

The recent fall of tech stocks on Wall Street led to rising concerns regarding the outlook for the stock market, amid worries that recent surges and record-breaking activity went in the opposite direction of the troubled economy due to the Coronavirus (COVID-19) crisis. “I think we are certainly in bubble …

The US Dollar (USD) is anticipating positive economic data to support its upward trend against major currencies. Recent manufacturing data helped the greenback, after data showed an increase in new factory orders as well as a surge in the sector purchasing managers’ index (PMI). However, the effects of the rising …

The US Dollar (USD) showed strong recovery signs on Wednesday from near its lowest level in two years on the back of strong economic data in the US, coupled with the decline of the Euro with a surprise decline in German retail sales, and the Sterling Pound, with the British …

Although economic activity increased among most areas across the United States, gains remained subdued, with the economy yet to restore its levels prior to the coronavirus (COVID-19) pandemic, according to the US Federal Reserve Beige Book. The Beige Book report, which was released on Wednesday, showed that with the real …

The British economy is facing a risk of taking several years before recovering from the impacts of the coronavirus (COVID-19) crisis, according to member of the Bank of England’s (BoE) Monetary Policy Committee, Gertjan Vlieghe. Vlieghe remarks came on Wednesday in a report presented to the British parliament, Reuters reported. …

The Central Bank of Russia could soon cut interest rates once more to cope with the hardships of the COVID-19 crisis and the inflation risks, according to a market poll reported by Reuters. The move would strengthen the Russian Rouble (RUB) as Moscow aims at restoring economic recovery next year …

Fed Chair Jerome Powell’s speech was what got most of the attention last week. Fed Chair’s comments included announcing a shift in monetary policy to support the labor market and the economy indicating that the Fed may keep low-interest rates for longer. The Dow Jones rose 0.6% to 28,653.8, posting …

Japanese stocks fell by the most in nearly a month on news that Japanese Prime Minister Shinzo Abe will resign, putting an abrupt end to a stable government and policy mix of strong monetary and fiscal stimulus. The benchmark Nikkei index fell 2.65% during the session before closing 1.41% lower …

The yen jumped from its lowest level in two weeks, following news that Japanese Prime Minister Shinzo Abe is preparing to resign, while the dollar is struggling to make progress against other currencies as prospects for a prolonged low US interest rate weigh on the currency. A source close to …