China, known for having one of the lowest retirement ages in the world, is now facing a critical assessment of its retirement age policy. The National People Congress members recently discussed a plan to delay the retirement age at the 11th meeting of China’s Standing Committee meeting in Beijing. This move comes as a response
The recent US Jobs Report has sparked discussions on how the US Aug payrolls and CPI Report could affect near-term AUD/USD trends. Shane Oliver noted that weaker-than-expected US inflation figures might overshadow softer Australian consumer inflation expectations, potentially pushing the AUD/USD pair towards $0.67. However, the key to understanding future movements lies in closely monitoring
The issue of commercializing technology businesses globally is a significant challenge that the U.K. is currently facing. According to Warren East, former CEO of British chip design firm Arm, there is a need for a mindset shift in the investor community to ensure that the U.K. can compete on the world stage. East highlighted the
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Shigeru Ishiba, the former Japanese defence minister and a candidate in the ruling party’s leadership race, emphasized the significance of completely exiting deflation for Japan. During a press conference outlining his policy pledges for the Liberal Democratic Party’s (LDP) leadership race, Ishiba highlighted the need for sustainable growth in real wages to achieve a full
The recent release of UK labour market data came as a positive surprise, with employment growth surpassing expectations and unemployment benefit claims lower than forecasted. Analysts from ING and Capital Economics both agree that this data could influence the Bank of England’s decision on interest rates. Initially, the pound saw a bullish impulse, with GBP/USD
It is observed that the recent USD strength has led to a decline in gold prices. Investors have reduced their expectations of a 50 bps Fed rate cut, which has caused the USD Index to rise. This, in turn, acts as a headwind for gold, as it is a non-yielding asset. The positive tone in
EUR/CHF has been closely linked to the performance of key European benchmark stock indices, particularly the France CAC and Germany DAX. The correlation coefficients between EUR/CHF and these stock indices have remained notably high, indicating a strong positive relationship. This correlation has been evident in recent market movements, especially during periods of risk-off sentiment in
After experiencing heavy losses the previous week, futures tied to Wall Street’s main indexes saw gains on Monday. This positivity was fueled by investor optimism surrounding the soft landing prospects for the U.S. economy. The upcoming crucial inflation report added to the hopeful sentiment in the market. In premarket trading, all megacap stocks showed positive
As the U.S. Federal Reserve prepares for its upcoming meeting, the debate over the size of the rate cut continues to be a hot topic among analysts. Michael Yoshikami, CEO of Destination Wealth Management, has made a compelling argument for a jumbo 50 basis point rate cut. According to Yoshikami, a bigger cut would signal
Recent data from a survey of recruiters in Britain has indicated a noticeable cooling in the labor market. The report highlighted that job placements fell sharply, with permanent placements dropping at the fastest pace in five months. Additionally, pay growth for permanent staff slowed to a five-month low. This suggests a potential slowdown in both
The latest Chinese Consumer Price Index (CPI) data revealed a 0.6% rise in August, slightly below market expectations. This was an increase from the previous month’s growth of 0.5%. On the other hand, Chinese Producer Price Index (PPI) declined by 1.8% year-on-year, falling short of the market forecast. This data can have a significant impact