On Monday, Japan’s Nikkei average edged lower but maintained proximity to record highs, influenced by declines in chip-related stocks following losses in their US counterparts on Friday. The Nikkei index slipped by 0.04 percent, concluding the day at 38,470.38 points, after reaching 38,865.06 points on Friday. Notably, it remained a …
Read More »Nikkei Index Nears All-Time High, Hits 34-Year Peak
Nikkei’s Historic Surge:Japan’s Nikkei index surged to its highest level in 34 years on Friday, edging closer to surpassing the all-time high reached during the country’s economic bubble era in the 1980s. The index breached the post-bubble economic era’s previous peak, setting the stage for potentially eclipsing the record set …
Read More »Japan’s GDP Contracts in Q4 Contrary to Expectations
Unexpected GDP Contraction:Data released by the Prime Minister’s Office in Japan early Thursday morning revealed a contraction in the country’s gross domestic product (GDP) during the fourth quarter. Contrary to expectations of growth by approximately 1.4%, the GDP contracted by 0.4% on an annual basis. Furthermore, the previous reading for …
Read More »Japan’s Nikkei index slides from a 34-year high after a sell-off on Wall Street
Japan’s Nikkei index fell from its highest level in 34 years on Wednesday, affected by a sharp decline in Wall Street indices at the end of trading on Tuesday, but the weakness of the yen and increased investor interest are expected to push the benchmark index towards new high levels …
Read More »Could wage growth keep inflation too high in US, Eurozone?
Wages are vital for maintaining living standards in daily life and, since they make up around 60% of GDP in the US, the UK, and the Eurozone, they are also critical for controlling inflation in the financial markets.Price rises will eventually result from rapid pay increases since wage growth is …
Read More »Eurozone banks urged to plan for emerging risks
Claudia Buch, the new top regulator at the European Central Bank, has urged lenders to develop detailed plans for responding to emerging risks that could impact their business. She emphasized the need for banks to anticipate risks and not only respond to them but also anticipate them. Buch, who became …
Read More »Nikkei Retreats from 34-Year Peak Amid Profit-Taking
The Nikkei index in Japan experienced a mild retreat at Friday’s close, stepping back from its highest level in 34 years as investors opted to cash in on gains. Here’s a breakdown of the key movements and factors influencing the market: Nikkei’s Modest Gain and Intraday High The Nikkei edged …
Read More »Yen Slides to Ten-Week Low as Dollar Strengthens
The yen stumbled to its lowest point in ten weeks on Friday, while the dollar continued its upward trajectory for the fourth consecutive week. This shift comes as traders recalibrate their expectations regarding interest rate movements by central banks. Yen’s Decline and Dollar’s Advance The yen exhibited limited movement, hovering …
Read More »EUR/USD struggles near 1.0750 amid weaker European indicators
Wednesday saw minimal movement in the EUR/USD pair as European economic indicators continued to weaken. After hitting a small intraday high of 1.0784, the pair tested back into familiar terrain near 1.0750. Since interest rates in the Eurozone peaked in September of last year, those who are interested in rate …
Read More »What challenges and opportunities does Eurozone have next months?
The eurozone economy has weakened throughout 2023, with the Composite Purchasing Managers’ Index dropping below 50 in June, signifying a moderate contraction. This weakness stemmed from Europe’s recovery from an energy shock, as well as a lack of fiscal support in comparison to the more resilient US economy. Interest rate …
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