China’s property sector struggles and U.S. sanctions have had significant impacts on various cities across the country. The Milken Institute’s best performing cities China index has been studying China’s large- and mid-sized cities since 2015, analyzing their economic vibrancy and growth prospects. Hangzhou, the capital of the eastern Zhejiang province and home to tech giants
The Japanese Yen has seen a slight uptick as the government announced a substantial allocation of ¥989 billion towards energy subsidies. This move has provided support to the currency amid economic uncertainties and challenges. Recent weak manufacturing data in Japan has led to speculation that the Bank of Japan (BoJ) might delay any further rate
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
Gold has been performing exceptionally well in the past seven months, experiencing a continuous upward trend and achieving a 21% increase this year. This impressive streak has left many investors wondering if this momentum will carry on into September or if a correction is imminent. The future trajectory of gold prices rests heavily on upcoming
Bank Negara Malaysia (BNM) is anticipated to maintain its key interest rate at 3.00% on Thursday, as indicated by a recent Reuters poll. The central bank is likely to sustain this rate steady until at least 2025 due to robust economic growth and controlled inflation. Despite inflation being at a manageable 2.0%, the Malaysian ringgit
CrowdStrike Holdings, Inc. (CRWD) is a cybersecurity technology company based in Austin, Texas. It specializes in providing cloud workload and endpoint security, threat intelligence, and cyberattack response services. The article discusses a forecast made three years ago, analyzing the market cycle and potential corrections in the stock price. The initial forecast predicted the end of
As of 9 August, the long-term BTC/USD chart displayed Bitcoin’s price movement within two distinct channels: a bullish channel and a bearish channel. The bullish channel, indicated in blue, originated in 2023 following rumors of Bitcoin ETF approval. On the other hand, the bearish channel, marked in red, began to take shape in March 2024,
New Zealand house prices are expected to make a significant turnaround in the upcoming year, with a forecasted increase of 6% as a result of interest rate cuts by the Reserve Bank of New Zealand. Despite a recent decline, home prices in New Zealand are closer to their peak in November 2021, standing just 19%
China’s foray into the world of top-tier video games has made a significant splash with the release of Black Myth: Wukong. This action game, set in mythological China, achieved unprecedented success by selling over 10 million units within the first three days of its launch on Aug. 20. The game continued to dominate the charts,
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 Ministry of Finance data revealed a 7.4% year-on-year increase in Japanese corporate spending on plant and equipment in the second quarter. This rise in expenditure is a positive sign for the economy and has raised expectations for a domestic-led recovery in economic growth. The data will be used to calculate revised gross domestic product
The US inflation, as measured by the PCE Price Index, remained unchanged at 2.5% year-over-year in July. This news has caused mixed reactions in the market, with some investors seeing it as a sign of stability, while others view it as a potential hindrance to future economic growth. The strength of the US economy has