Economy

The data from the Labor Department suggests that U.S. job growth is expected to slow in June, with economists predicting an increase of 190,000 jobs, down from the previous month’s surge of 272,000 jobs. This moderation in job growth, while still healthy, reflects a more sustainable pace that may help prevent an overheating of the

European shares saw a rise on Thursday, fueled by optimism surrounding potential U.S. interest rate cuts following soft economic data. The pan-European STOXX 600 index climbed to a more than one-week high, indicating positive sentiment in the region. London markets also experienced gains as the UK general election voting commenced, with polls predicting a historic

The Bank of Israel is facing significant challenges in its monetary policy decisions due to a combination of factors, including the ongoing war in Gaza, persistent inflation, and a widening risk premium. While many economists expected a change in the benchmark interest rate, all 15 economists polled anticipate that the central bank will maintain its

During the last Federal Reserve meeting held on June 11-12, officials acknowledged that the U.S. economy was showing signs of slowing down. They also noted that “price pressures were diminishing,” as seen through weak May readings in the consumer price index. This decline in inflation was supported by various developments in the product and labor

European Central Bank policymaker Gabriel Makhlouf is taking a cautious stance on interest rate cuts, signaling that he is comfortable with just one more cut this year. Despite market expectations for at least two more cuts by December, Makhlouf emphasized the need for more time to gain confidence that inflation is heading towards the ECB’s

Wall Street’s index futures took a hit on Tuesday as megacap stocks saw a pullback following a strong session. Companies such as Microsoft, Apple, and Amazon.com slipped in premarket trading after experiencing significant gains the day before. Tesla also shed 1% after a notable jump on Monday, while AI chip leader Nvidia and other semiconductor

A U.S. court has recently been asked to postpone a hearing to present the winning bid in an auction of shares in the parent company of Venezuela-owned refiner Citgo Petroleum. The request was made in order to allow the court officer evaluating bids to complete his assessment and negotiations with potential buyers. The auction, originally

Recent data from a central bank survey in Japan shows that while big manufacturers are feeling more confident than they have in over two years, the service sector is facing challenges due to rising costs. The weak yen has been a key driver of these increased costs, leading to a mixed economic outlook in the

In a bold move to address the challenges posed by a corporate and industrial crisis, Boeing has announced its intention to acquire Spirit AeroSystems in a $4.7 billion all-stock deal. This decision comes after months of negotiations between the two companies, signaling a significant shift in the aerospace industry landscape. According to Boeing, the total

The far-right National Rally (RN) party’s victory in the first round of France’s parliamentary elections has stirred up a mix of reactions among investors and market analysts. The euro experienced a slight gain, reflecting a sense of cautious optimism in early Asia-Pacific trading. However, the final outcome remains uncertain, with days of negotiations and horsetrading

The Australian real estate market has seen a consistent increase in home prices for seventeen consecutive months. Despite challenges such as high interest rates, a cost of living squeeze, and strict lending conditions, national home prices rose by 0.7% in June. This growth is indicative of the strong demand for housing in the country. The

Rising government debt levels have been identified as a significant threat to global financial markets by the Bank for International Settlements (BIS). As various major elections are set to take place this year, concerns are mounting over the impact of these events on the stability of the world economy. With global government debt already at