Japan, EU Strengthen Economic Security, Lessen Reliance on China
Japan, EU Strengthen Economic Security, Lessen Reliance on China Japan and the European Union are set to enhance their cooperation on economic security, focusing on improving the resilience of supply chains for critical materials like semiconductors. This decision emerges as both parties seek to decrease their reliance on specific countries, notably China. The leaders plan […]
Tokyo Inflation Slows Again, Falls Below BOJ Target
Tokyo Inflation Slows Again, Falls Below BOJ Target In Tokyo, core inflation decelerated for the second consecutive month in April, dropping below the Bank of Japan’s (BOJ) 2% target. This trend emerged just before the BOJ concluded its two-day policy meeting, where it was anticipated that interest rates would remain unchanged and new inflation forecasts […]
EUR/JPY Rises Above 167.50 After BoJ Rate Decision
EUR/JPY Rises Above 167.50 After BoJ Rate Decision The EUR/JPY currency pair soared to its highest level since 2008, reaching 167.20 during the Asian trading session on Friday. This significant rise is largely attributed to the depreciation of the Japanese Yen (JPY) following the Bank of Japan’s (BoJ) latest policy announcement.In its April meeting, the […]
Japan’s Finance Minister Vows Collaboration Against Extreme FX Fluctuations
Japan’s Finance Minister Vows Collaboration Against Extreme FX Fluctuations On Tuesday, April 23, Japanese Finance Minister Shunichi Suzuki provided insights into the outcomes of a recent trilateral meeting with U.S. and South Korean finance leaders, highlighting strategic preparations Tokyo is making to counteract undue fluctuations in the yen’s value. Suzuki expressed concerns in parliament about […]
UBS Upgrades Chinese Stocks to Overweight
UBS Upgrades Chinese Stocks to Overweight UBS Group AG has upgraded its rating for a prominent Chinese stock index to overweight, indicating a renewed confidence in the market’s recovery prospects. This upgrade, described as a rare and optimistic move in 2024, reflects UBS’s positive stance on the financial health and earnings potential of China’s largest […]
Yen Nears Multi-Decade Low, Targets 155.00 Before BoJ Meeting
Yen Nears Multi-Decade Low, Targets 155.00 Before BoJ Meeting The Japanese Yen (JPY) is currently facing significant pressure against the U.S. Dollar (USD), lingering near a multi-decade trough as Monday’s European trading session gets underway. This downward trend in the Yen is being driven by a combination of factors including market speculation about the Bank […]
Global Instability Overshadows Budget Projections
Global Instability Overshadows Budget Projections Amid rising tensions in the Middle East and growing concerns about China’s economic slump, Australia has adjusted its international economic outlook, according to Treasurer Jim Chalmers. As the government prepares for the upcoming May budget, these modifications reflect a broader apprehension about a fraught and fragile global scenario. In a […]
Japan’s March Core Inflation Decelerates, Weak Yen Challenges BOJ Policy Decisions
Japan’s March Core Inflation Decelerates, Weak Yen Challenges BOJ Policy Decisions In March, Japan witnessed a slowdown in core inflation and a significant index that tracks broader price trends dropped below 3 percent for the first time in more than a year, according to recent data. This development presents a new challenge for the Bank […]
Financial Markets Tense as Israeli Missiles Hit Iran
Financial Markets Tense as Israeli Missiles Hit Iran Risk-aversion has intensified across global financial markets following confirmed reports that Israeli missiles targeted a location in Iran, escalating geopolitical tensions in the Middle East. ABC News cited a US official verifying the missile strike which has heightened market anxiety about regional stability. Further reports from Reuters, […]
NZD/USD Stays Below 0.5900 Amid Risk-Off Mood, Rising US Dollar Demand
NZD/USD Stays Below 0.5900 Amid Risk-Off Mood, Rising US Dollar Demand The NZD/USD currency pair faced downward pressure, trading around 0.5880 in the early European session on Friday. The pair’s decline was influenced by a risk-off sentiment fueled by escalating tensions between Israel and Iran, which boosted the US Dollar’s appeal as a safe-haven currency. […]
March Inflation Exceeds RBNZ Forecasts, Rent Prices Hit Record High Since 1999
March Inflation Exceeds RBNZ Forecasts, Rent Prices Hit Record High Since 1999 New Zealand’s annual inflation rate decreased to 4% in March from 4.7% in December, even as costs for rents, house construction, and council rates continued to rise, according to Statistics NZ. The Consumer Price Index (CPI) saw a marginal increase of 0.6% in […]
China Sees Unexpected Industrial-Led Growth Surge
China Sees Unexpected Industrial-Led Growth Surge China reported higher-than-expected economic growth in the first quarter, with a 5.3% increase in GDP, surpassing previous quarters and expectations. However, this growth was mostly seen in the initial months, as evidenced by a slump in retail sales and a slowdown in industrial output in March, signaling potential difficulties […]
Solana’s MarginFi Faces Major Withdrawals Following CEO’s Resignation
Solana’s MarginFi Faces Major Withdrawals Following CEO’s Resignation In a dramatic series of events, MarginFi, a Solana-based borrowing and lending platform, has experienced substantial withdrawals amounting to over $260 million within just two days. This mass exodus was triggered by a public accusation from the staking protocol SolBlaze (BLZE) and compounded by the sudden resignation […]
European Stock Futures Rise, Gold Reaches New High
European Stock Futures Rise, Gold Reaches New High European stock futures advanced on Friday, contrasting with declines in Asian markets, as global investors responded to a diverse set of influences ranging from U.S. inflation data to geopolitical tensions in the Middle East. Concurrently, gold prices soared to a new high, touching nearly $2,400 an ounce, […]
China’s March CPI Inflation Eases to 0.1%, Below 0.4% Forecast
China’s March CPI Inflation Eases to 0.1%, Below 0.4% Forecast In March, China’s Consumer Price Index (CPI) experienced a marginal year-over-year increase of 0.1%, a notable deceleration from the 0.7% growth observed in February. This rise fell short of market predictions, which had anticipated a 0.4% increase. The slowdown in CPI growth is a significant […]
Dollar Strengthens, Yen Weakens as Bets on Fed Rate Cut Decline
Dollar Strengthens, Yen Weakens as Bets on Fed Rate Cut Decline On Thursday, the U.S. dollar exhibited robustness following the release of U.S. inflation data that surpassed expectations. This data dampened the previously held anticipation of the Federal Reserve commencing its rate-cutting cycle as early as June. Meanwhile, the yen experienced a significant decline, dropping […]
WTI Drops to $84.70 Amid Gaza Ceasefire Talks, US CPI Data Anticipation
WTI Drops to $84.70 Amid Gaza Ceasefire Talks, US CPI Data Anticipation Western Texas Intermediate (WTI), the benchmark for US crude oil, is currently trading near $84.60, marking its fourth consecutive day in the red. This decline is influenced by a combination of factors including the build-up of US crude stocks and profit-taking activities. Market […]
Chinese Investments in Australia Fall to AUD 1.34 Billion, Down 36% – Study
Chinese Investments in Australia Fall to AUD 1.34 Billion, Down 36% – Study In 2023, Chinese investment in Australia witnessed a significant decrease, plunging 36% to AU$1.34 billion from AU$2.1 billion in the previous year. This downturn is highlighted in the recent “Demystifying Chinese Investment in Australia (April 2024)” report by KPMG Australia and The […]