The impact the consumer price index (CPI) has on equities has reached a psychological level as rising inflation continues to take its toll on the commodity market. Equities Market Groans Under Worsening CPI The commodity market is not a stranger to plummeting value, but the current happenings are a bit complex. It seems that it … Read more
APAC Overview Overnight sessions saw the Nikkei climbing by 2.31%. That came after Japan’s economy soared more than first reported in Q2. GDP (Gross Domestic Product) grew by 3.5% in Q2 year-on-year. That was stronger than the 2.2% annualized preliminary estimate. Also, the GDP growth was better than the 2.9% median market prediction. Private consumption … Read more
The EUR/USD pair price action following a hawkish European Central Bank (ECB) Thursday session was disappointing as the meeting failed to address the lingering value slump of the Euro. The ECB’s Cautious Stance Offers Little Approval According to ING economic experts, they expect the EU energy ministers’ discussion to put additional downward pressure on the … Read more
Despite measures from most central banks to limit the supply of U.S. dollars, the currency has what it takes to end the year stronger, according to Wells Fargo. The U.S. Dollar is Expected to Stay Robust Analysts are America’s multinational financial services firm; Wells Fargo is confident about the USD’s continued strength. The analysts expect … Read more
According to a Reuters report, the United States stock indexes plummeted again on Thursday after a broad recovery in the previous trading session. Powell’s Hawkish Remarks Triggers Stock Slip The U.S Federal Reserve chairman, Jerome Powell, recently hinted at another possible interest rate hike for September. Powell’s statement led to the stock market spiraling down … Read more
The Reserve Bank of India (RBI) has announced that it will start the pilot test phase for its central bank digital currency (CBDC) and will involve four banks. RBI to Commence CBDC Drive with Four Banks Also known as the central bank of India, the RBI will begin its CBDC trial by using four public-private … Read more
