Gold prices edged higher in Asian trade on Thursday, hovering near record highs as traders speculated that the yellow metal will continue to benefit from a lower interest rate environment. However, expectations of a significant interest rate cut by the Federal Reserve were dampened by a higher-than-expected core consumer price …
Read More »What to expect from ECB?
The ECB’s Looming Decision: Navigating Complexities of Monetary PolicyThe European Central Bank (ECB) is faced with a crucial decision at its upcoming meeting: whether to lower interest rates or maintain a cautious stance. This choice is fraught with complexities as the ECB must balance the need to stimulate economic growth …
Read More »Gold Prices Slip Ahead of U.S. Inflation Data, Copper Retreats Amid Weak Chinese Imports
Gold prices edged lower in Asian trade on Tuesday, as traders awaited crucial U.S. inflation data to gauge the Federal Reserve’s stance on potential interest rate cuts. Spot gold dipped 0.1% to $2,502.07 an ounce, while December gold futures also fell 0.1% to $2,531.0 an ounce. Despite the slight decline, …
Read More »BoC Governor Macklem: A 25 bps Rate Cut Was Appropriate
Bank of Canada Governor Tiff Macklem held a press conference following the central bank’s third consecutive 25-basis point rate cut. Inflation may rise later in 2024, with potential for stronger-than-expected upward pressures. However, the overall weakness in the Canadian economy continues to drive inflation down. Recent data indicate some downside …
Read More »Germany’s Services Sector Growth Slows for Third Consecutive Month in August
Germany’s services sector continued to lose momentum in August, marking the third consecutive month of slowing growth, according to a survey released on Wednesday. This trend adds to growing concerns about the overall health of Europe’s largest economy. The HCOB final services Purchasing Managers’ Index (PMI) dropped to 51.2 in …
Read More »BoC’s Looming Rate Decision Expectations
The upcoming interest rate decision by the Bank of Canada is a highly awaited event that will significantly impact the Canadian economy. As the central bank prepares to announce its monetary policy stance, investors and analysts are closely watching for clues about the future direction of interest rates and their …
Read More »Explainer: What Investors Should Know About ECB’s Rate Cut Dilemma
The European Central Bank (ECB) is grappling with a growing divide among policymakers regarding the economic outlook. While some fear a looming recession, others remain concerned about persistent inflation pressures. This divergence is likely to shape the rate cut debate for months to come, as the eurozone economy navigates a …
Read More »Turkey’s Economic Tightrope: A Balancing Act
A Tale of Two Quarters Turkey’s economic journey has been a rollercoaster in recent times, with a steep ascent in the first quarter followed by a more cautious descent in the second. The reasons for this shift are as complex as the Turkish economy itself. The First Quarter: A Consumer …
Read More »Financial Markets Weekly Recap: US Growth, PCE Ignites Price Actions
Financial markets experienced extreme volatility this summer, with notable corrections in August and an impressive resurgence. Geopolitical worries, economic statistics, corporate results, and expectations for monetary policy were some of the causes that drove volatility. Depending on the index, August’s market movement was akin to a summer action film, with …
Read More »Eurozone Inflation Still A Persistent Challenge
Inflationary pressures in the Eurozone persist even after the headline CPI has recently slowed down. The total price index has decreased, but underlying factors—especially the inflation of services—remain persistently high. The European Central Bank’s (ECB) monetary policy actions are being influenced by the ongoing inflationary environment, which may have major …
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