The upcoming June inflation report, scheduled for release on July 11, has sparked significant interest among investors and economists alike. Projections indicate a marginal 0.1% month-over-month increase and a 3.1% year-over-year change, with core CPI expected to rise by 0.2%. Bank of America’s forecast aligns closely with these figures, predicting a slightly higher 3.2% annual
The Gold price lost momentum below the $2,400 barrier on Monday as the People’s Bank of China (PBoC) put a hold on Gold buying for the second month in June. This decision, made by the Chinese central bank, has significant implications for the Gold market, especially since China is the world’s biggest bullion consumer. The
Japan’s economy has been facing significant challenges as it contracted for the third consecutive quarter. There are concerns that the trend may continue, leading to a fourth quarterly contraction. One of the key questions is whether the weakness of the Japanese Yen is affecting private consumption and ultimately impacting the overall economy. Bank of Japan’s
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
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In the year 2023, there was a significant surge in employment scams, with criminals taking advantage of artificial intelligence to deceive unsuspecting job seekers. Reports of job scams saw a staggering increase of 118% from the previous year, as per the Identity Theft Resource Center. These scammers often pose as recruiters, posting fake job listings
The financial markets are set to experience a week filled with significant event risks that are poised to capture the attention of investors worldwide. The week kicks off with Fed Chair Powell’s testimony before the Senate Banking Committee, where market participants will be keenly listening to his remarks for any insights into the central bank’s
In recent months, experts have been closely monitoring the Australian economy and the Reserve Bank of Australia (RBA) due to increasing inflation expectations. Bloomberg TV APAC Chief Markets Editor, David Ingles, highlighted the significance of the hotter-than-expected Monthly CPI Indicator. He mentioned that the cash rate futures and swaps are currently indicating a near 50-50
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
Summer is the season of road trips, and with a record 70.9 million Americans expected to travel by car during the July Fourth holiday week alone, it’s worth exploring whether renting a vehicle for your road trip is more financially savvy than using your own car. Various factors come into play when making this decision,