The recent soft U.S. jobs report has caused a stir in the currency markets, with the dollar remaining largely stable. Despite last week’s strong gains, the yen weakened on Monday to start the week. This came after the currency hit a three-week high of 151.86 per dollar on Friday following suspected Japanese government interventions aimed
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Pakistan is eagerly anticipating the visit of an International Monetary Fund (IMF) mission this month to discuss the possibility of a new programme. This comes as Islamabad gears up to kickstart its annual budget-making process for the upcoming financial year. The previous $3 billion short-term programme, which Pakistan successfully completed last month, played a vital
The European Union (EU) has recently launched an investigation into China’s procurement of medical devices, as part of its ongoing efforts to protect home-grown manufacturers. This investigation is just one of several probes that the EU has initiated to determine whether Chinese companies are engaging in unfair practices, such as dumping subsidised goods on the
The stock markets in the Gulf region experienced a positive trend on Sunday, with the Qatar index leading the way. This upward movement was a result of the slowing U.S. jobs growth in April, which raised hopes of early interest rate cuts by the U.S. Federal Reserve. The Labor Department’s employment report revealed that the
As the Bank of England (BoE) gears up for its upcoming meeting this week, the general consensus among market participants and economists is that the BoE is unlikely to make any changes to interest rates. This outlook is in line with the March meeting, where the Monetary Policy Committee (MPC) voted 8-1 to maintain rates
When Chinese President Xi Jinping arrives in Paris for a rare visit, French President Emmanuel Macron will undoubtedly push him to address trade imbalances between the two countries. However, given the current state of growing tensions between Europe and China, this task will prove to be quite challenging. France’s support for an EU probe into
The RCM/TIPP Economic Optimism Index is set to be released on Tuesday, May 7. Economists are expecting an increase from 43.2 to 44.1 for the month of May. This indicator plays a crucial role in shaping investor sentiment towards the US economy. A better-than-expected reading could boost confidence in the economy, potentially averting a recession.
Warren Buffett, the legendary investor, has hinted at the possibility of Berkshire Hathaway making an investment in Canada. Speaking to a crowd of investors in Omaha, Buffett expressed confidence in Canada as a potential investment destination. He emphasized that Berkshire Hathaway is open to putting its money into Canadian companies and that they are currently
The U.S. central bank’s 2% target for inflation plays a crucial role in achieving price stability and is essential for ensuring economic prosperity, as emphasized by New York Federal Reserve Bank President John Williams. He stressed the importance of transparency and clear communication, stating that setting an explicit, numerical longer-run inflation target is critical for
Economists are currently divided on the potential size of Brazil’s upcoming interest rate reduction, with conflicting opinions arising due to shifting perspectives on U.S monetary policy and ongoing concerns regarding local inflation. The Banco Central do Brasil (BCB) recently transitioned to a more hawkish stance, deviating from its previous clear forward guidance and creating a
The upcoming Bank of England meeting is set to take place on Thursday, with no expected change in the current interest rate of 5.25%. The focus will be on the release of the Monetary Policy Report, inflation projections, voting patterns, and the overall rhetoric at the subsequent press conference. It is essential to consider the
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