Upon analyzing recent unemployment data, it is evident that the spike in unemployment in July was not solely due to Hurricane Beryl. The Chief Global Economist at Arch Capital, Parker Ross, highlighted that there is no common theme across the key drivers of unemployment in various states, industries, or reasons. The fact that temporary layoffs
Forecasts
When analyzing the potential impact of the ISM Manufacturing PMI on USD/JPY trends, it is important to consider a multitude of factors that can influence the currency pair’s movement. Economists are predicting an increase in the ISM Manufacturing PMI from 46.8 in July to 47.8 in August, with better-than-expected numbers potentially supporting expectations of a
Analyzing the correlation between the party affiliations of U.S. presidents and economic growth is a multifaceted task that involves various factors. While some studies have indicated a connection between the party in power and economic performance, it is crucial to acknowledge that economic growth is influenced by numerous variables. These factors include global economic conditions,
The relationship between China’s manufacturing sector and the Australian economy is crucial, given that China is a major consumer of Australian exports. The recent uptick in China’s Non-Manufacturing PMI is a positive sign, indicating a slight increase in economic activity. However, the decline in the Manufacturing PMI could raise concerns about the overall health of
The latest data on the Euro area’s inflation reveals an interesting trend. While overall inflation has seen a slight retreat, services inflation has surged to 4.2% in August. This rise, particularly in the midst of a possible “Olympic effect” in France, raises questions about the true nature of economic stability. The Paris Games may have
The recent comments made by AMP’s Head of Investment Strategy and Chief Economist Shane Oliver regarding the Aussie Labor Report shed light on the current economic situation in Australia. Oliver’s statement about the increasing unemployment rate being the highest since November 2021 raises concerns about the state of the labor market. However, he also mentioned
When it comes to financial decision-making, it is crucial to understand the disclaimers provided by websites offering advice and analysis. These disclaimers often highlight the importance of conducting your own research, consulting with financial advisors, and being aware of the risks involved in trading and investing. One of the key points emphasized in the disclaimers
Recent reports have shown that China’s new property sales have remained weak, which is also affecting steel demand and production. This is a concerning trend that can have ripple effects on the global economy. Judo Bank Chief Economic Advisor, Warren Hogan, expressed his concerns regarding the August PMI Survey and the RBA rate path, suggesting
On Tuesday, August 27, industrial profit figures from China could impact buyer demand for the Aussie dollar. Economists predict industrial profits will rise by 3.3% year-to-date, year-on-year, in July, down from 3.5% in June. Lower industrial profits may signal a weakening demand environment, negatively affecting Australian trade terms and the Aussie dollar. China accounts for
The authors of a recent paper highlighted the shift in business price-setting behaviors due to intensified upward pressure on wages. This phenomenon raises questions about the potential implications for the global economy. The relationship between wage increases and price-setting behaviors is complex and requires a comprehensive analysis to understand its full impact. ARK Invest CEO
The Australian labour market has shown remarkable resilience, posing a challenge for lower inflation rates. Despite the recent Consumer Price Index (CPI) report indicating that annual inflation is in line with expectations, the continuous growth in services inflation, which is being supported by a strong job market, makes it challenging for inflation to decrease. Moreover,
The upcoming week presents a critical moment for the US dollar as investors eagerly await news about the potential 2024 Fed rate cuts amidst fears of a hard economic landing. The FOMC Meeting Minutes on Wednesday, August 21, and speeches from the Jackson Hole Symposium are expected to heavily influence market sentiment. Investors are particularly