Economy

With all eyes on Federal Reserve Chair Jerome Powell’s upcoming speech, the global market is holding its breath in anticipation of his remarks. Investor confidence is high, as many are expecting dovish rhetoric from Powell, which has led to a positive outlook for stocks in the coming days. Asian shares have already reached a one-month

The recent economic figures coming out of China have put immense pressure on Beijing to take action in order to revive the economy. With a growth target of roughly 5% in mind for this year, the world’s second-largest economy is struggling to gain momentum after a disappointing second quarter. Various economic indicators such as falling

The recently submitted 2025 budget plan by Indonesia’s outgoing government highlights a commitment to fiscal prudence, aiming for a narrower deficit compared to the current year. This proposal, with a total worth of 3,613.1 trillion rupiah ($230 billion), projects a deficit of 2.53% of GDP for the next year, which is lower than the expected

Recent data has sparked hopes of an economic soft landing, leading to a surge in U.S. stocks. The S&P 500 has bounced back by over 6% after a significant drop earlier this month, signaling relief from recession concerns. Additionally, the Cboe Volatility Index, known as Wall Street’s “fear gauge,” has rapidly retreated from last week’s

The recent surge in regulatory scrutiny surrounding wealth managers’ cash sweep programs has the potential to negatively impact their credit ratings, according to Moody’s. This poses a significant threat to the high-margin business of firms such as Morgan Stanley and Wells Fargo. A ratings downgrade could result in increased costs for wealth managers, particularly at

Alan Taylor, a renowned economics professor specializing in international economics and financial crises, has been selected to join the Bank of England’s Monetary Policy Committee (MPC), as announced by Britain’s finance ministry. Taylor is currently a professor at Columbia University in New York, with a distinguished career that includes serving as a senior advisor at

In the midst of economic turmoil and recession fears, U.S. stocks managed to end the week on a high note. The S&P 500 and the Nasdaq rebounded, posting their biggest weekly percentage gains of the year. This rally comes in the wake of concerns over a potential downturn in the economy, which have now been

The Commonwealth Bank of Australia, the largest lender in the country, recently reported a cash profit of A$9.84 billion for the year ended June 30. This figure was slightly higher than the A$9.68 billion estimate by LSEG, but it was still a 3% decrease from the record profit of A$10.16 billion from the previous year.

Currency markets were uncertain on Tuesday as investors awaited the impact of U.S. economic data on the possibility of significant rate cuts. The dollar remained stagnant against the yen, hovering around 147.17 yen after briefly reaching a one-week high of 148.23. Meanwhile, the euro was steady at $1.0931, inching closer to resistance levels at $1.0944

Republican U.S. vice presidential candidate JD Vance expressed his support for Donald Trump’s assertion that presidents should have a say in Federal Reserve Board policy-making. According to Vance, Trump believes that the political leadership in the United States should play a more significant role in determining the country’s monetary policy. While past administrations have upheld

Despite recent turbulence in China’s bond market, there are still die-hard investors who remain confident in the strength of the bull market for government bonds. These investors point to factors such as China’s uncertain economic outlook, deflationary pressures, and a general lack of appetite for riskier assets as reasons to maintain a positive stance on

In light of recent allegations made by US-based shortseller Hindenburg Research against Madhabi Puri Buch, the head of Securities and Exchange Board of India (SEBI), it is crucial for investors to remain calm and exercise due diligence before reacting. The regulator has urged investors to not jump to conclusions based on reports and to wait