Tag Archives: US

Wednesday kicked off with a surge in U.S. stock index futures, propelled by the robust performance of megacap growth stocks. Investors were captivated by a flurry of corporate earnings reports and insights from Federal Reserve policymakers, eagerly seeking clues about the health of the economy. Before the opening bell, megacap …

Last week, the financial markets were shaped by significant data releases across several major economies, notably the United States and the eurozone. In the eurozone, data published by the European Statistics Office (Eurostat) on Friday indicated that the region’s annual harmonized consumer price index (HICP) rose by 2.6% in February, …

In the pulse of the financial world, the spotlight of the past week fell squarely on key US economic indicators, particularly inflation data, igniting a flurry of activity and recalibration across markets. Inflation Insights Headline US inflation for January came in at 3.1%, a modest improvement that fell slightly short …

The past week proved to be a rollercoaster for global financial markets, dominated by pivotal events that shaped the economic landscape. From the Evergrande saga to pivotal interest rate decisions and robust US job data, here’s a comprehensive breakdown of the week that was. American Interest – The Fed’s Pause …

A $3 billion arbitration lawsuit has been made against Bulgaria by cryptocurrency lender Nexo, which claims the nation has ruined its reputation and closed off business prospects. December 2023 saw a money laundering investigation into the company by Bulgaria’s prosecutor’s office, which allows the buying and selling of cryptocurrency. Claiming …

Major global investment banks have collectively forecasted a slowdown in the growth of China’s economy in 2024 compared to its growth rate in 2023, which fell below market expectations. Here are the growth expectations for China in 2024 from various banks: JPMorgan (NYSE: JPM): Expects China’s growth to slow to …

Despite moderating from the previous month’s notable surge, passenger car sales in China demonstrated robust growth, increasing by 8.3 percent in December. This uptick was fueled by a competitive price war among manufacturers. According to the China Passenger Car Association’s report on Tuesday, sales reached 2.37 million vehicles in December, …

The US and Western allies have imposed sanctions on oil shippers and traders who have been helping Russia bypass price restrictions. Since a price cap on Russian oil was set last year, Moscow has developed a shadow fleet of tankers and found alternative insurance and financing options, enabling it to …

The United States launched Operation Prosperity Guardian, a multilateral naval operation involving the United Kingdom, Canada, France, Bahrain, Norway, and Spain. Oil tycoon BP has temporarily stopped shipping any crude along the route; rival energy tycoon Shell has not yet responded.Oil PricesAttacks on commercial ships in the Red Sea have …

Chinese stocks fell on Monday, December 11, after data showed continued deflationary pressures as the country’s economy suffers from weak domestic demand. In contrast, Japanese stocks jumped amid increasing bets that its central bank may not raise interest rates next week. Inflation figures for November in China showed a faster-than-expected …