Economy

Investors are entering the new week with optimism following positive U.S. job figures. The “soft landing” scenario remains intact, leading to a decrease in the dollar and bond yields. This has fueled a continued “risk-on” sentiment in the stock markets worldwide, with many major equity markets reaching record or multi-year highs. Despite some concerns such

France is witnessing a political reshuffle as political parties rush to establish alliances following President Emmanuel Macron’s unexpected decision to hold a parliamentary election. This move has resulted in the division of the political landscape into three major blocs. These include the far-right National Rally, the leftwing New Popular Front, and Macron’s centrist coalition known

China’s prominent electric vehicle manufacturer BYD has solidified its foothold in the Thai market by acquiring a 20% stake in Rever Automotive, its local distributor in Thailand. This significant move comes as BYD aims to further strengthen its position in Thailand, which is considered its largest market outside of China. BYD recently inaugurated its first

As the U.S. presidential election draws near, bond investors are reevaluating their strategies due to the uncertainty surrounding the outcome. Following President Joe Biden’s lackluster performance in the first presidential debate against Donald Trump, yields have seen a sharp increase, leading investors to speculate on the possibility of a second Trump presidency. The benchmark 10-year

The recent decision by a federal judge in Texas to partially block a Federal Trade Commission rule regarding noncompete agreements has sparked a heated debate. The ruling has far-reaching implications for both businesses and workers across the United States. This article will delve into the details of the ruling and its potential impact on the

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