China is currently in discussions with the European Union regarding the bloc’s proposed tariffs on imported Chinese electric cars. The Ministry of Commerce in China has expressed its hopes of reaching an agreement with the EU in the near future to avoid additional duties being imposed on Chinese EVs. Call for Collaboration Chinese Commerce Ministry
According to George Chan, the global IPO leader at EY, the market for initial public offerings in Hong Kong is set to see significant improvement over the next five years, with the trend starting in the second half of this year. Despite facing challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth,
The Australian Trade Balance has been facing challenges due to various factors such as lackluster demand from China, the collapse of the real estate market, and the slump in iron ore prices during the first half of 2024. These issues have been compounded by trade tensions between Australia and China, as well as the weak
The American Reshoring ETF, spearheaded by Tema ETFs CEO Maurits Pot, is placing a bet on a resurgence in U.S. manufacturing jobs. With a focus on industrials, the ETF aims to capitalize on what Pot describes as the early stages of deglobalization. By promoting job creation, manufacturing, and reshoring, the fund seeks to bring back
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
Looking at the long-term trend on the monthly scale, there is a possibility of a breakout happening in the near future. Price has been forming higher highs and higher lows, suggesting that there is bullish momentum building up. The recent higher low at $1.2037 in October 2023 indicates that buyers are stepping in at higher
The AUD/USD pair has recently reached 0.6676, displaying a “sideways” pattern that indicates a lack of clear directional momentum. This phenomenon can be attributed to the uncertainty surrounding both the US dollar and the Australian dollar’s stances in the market. The US dollar’s weakening can be linked to Federal Reserve Chair Jerome Powell’s cautious approach
The EUR/JPY cross has been gaining momentum recently, reaching around 173.80 during Wednesday’s European session. This represents a 0.20% increase on the day, indicating positive movement in the exchange rate. The weakening of the Japanese Yen can be attributed to the latest data showing that Japanese business activity turned contractionary in June. This has put
China holds a dominant position in the global supply chain of critical minerals, including tungsten. Tungsten, known for its hardness and high energy density, plays a crucial role in various industries such as weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. Companies like Taiwan Semiconductor Manufacturing Company and Nvidia rely on tungsten for
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
Passion tourism is a growing trend that focuses on traveling based on personal interests, hobbies, or cultural events. While destination plays a role, the primary motivation for these trips stems from a desire to indulge in one’s passions. Recent examples of passion tourism include the Carnival festival in Rio de Janeiro, total solar eclipses in
GBPCAD has recently bounced back above the 50-day simple moving average (SMA) following a 2% correction in June. This correction led the price below the SMA, towards the upper ascending trendline that has been intact since the fall of 2023. While momentum indicators are showing positivity again, there are hints that the uptrend may be