The recent data on American annual headline inflation showed a decrease in the Consumer Price Index (CPI) for the first time in over four years. This decline was primarily driven by lower energy prices, although other sectors such as shelter, vehicles, and transport also played a role. Surprisingly, food inflation saw a slight increase during
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The GBP/USD pair is showing signs of strength as it continues to climb above the 1.2900 resistance level. There is a notable bullish trend line forming with support around 1.2910 on the hourly chart. The British Pound managed to break above key levels, such as the 50-hour simple moving average and 1.2900, indicating a bullish
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In the week ending July 5th, foreign investors showed a significant interest in Japanese stocks. They made substantial investments, with a net purchase of 916.05 billion yen, marking the highest weekly net purchase since January 12th. This surge in investment was attributed to the market rally and optimism regarding solid corporate earnings in the second
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China’s push towards developing robotaxis has gained momentum in recent years, with local governments allowing domestic players to operate driverless taxi services. This has led to increasing competition in the transportation industry, particularly concerning traditional taxi drivers who fear losing their jobs. The rise of robotaxis in China has garnered significant attention on social media
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The recently elected Indonesian President, Prabowo Subianto, has announced a bold economic strategy that involves allowing the nation’s debt-to-GDP ratio to rise to 50%. This decision is contingent upon the administration’s ability to significantly increase tax revenues. According to Prabowo’s brother and adviser, Hashim Djojohadikusumo, Indonesia could maintain its investment-grade rating even with a higher
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After Federal Reserve Chair Jerome Powell’s testimony before the House Financial Services Committee, market observers noted his cautious stance on immediate rate cuts and his persistence in data-driven decision making. Despite signs of disinflation in the US economic outlook, the markets remain confident in a potential rate cut in September. Powell’s reluctance to commit to
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