Category: Economic
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White House economic advisor Brainerd expects impact on employment from hurricane Helene
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Consumer credit and Fed speeches highlight Monday’s economic calendar By Investing.com
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As traders approach another pivotal day for the financial markets, a series of critical decisions and economic data releases that could impact market dynamics are expected on Monday, October 7, 2024. The economic calendar for the day includes important speeches from Federal Reserve officials and consumer data releases. Credit data,…
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Labour’s economic pessimism halts UK equity market recovery, triggering significant outflows
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UK stock markets have taken a hit as the Labor government’s pessimistic portrayal of the country’s economic outlook reverses a brief rebound in investor interest. New figures from Calastone, a global fund network, show that UK-focused funds suffered net withdrawals of £666m in September, while other geographically focused fund sectors…
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USD holds steady amid geopolitical tensions and economic data anticipation By Investing.com
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The US dollar remained stable as markets processed rising geopolitical risks in the Middle East and awaited more US economic data. This stability comes despite the general move towards safe haven assets in foreign exchange markets, which has not led to a significant reduction in risks, HSBC noted in a…
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This week’s economic data could be ‘hugely bullish’ for stocks
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Friday’s monthly jobs report, along with a slew of other economic data scheduled for release this week, will likely push the stock market higher if it surprises to the upside. That’s because any evidence that the Fed is cutting interest rates amid an ideal backdrop of continued economic growth, a…
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Revised 2023 UK economic growth figures show significant improvement, but challenges remain
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The UK economy expanded at a much faster rate than originally expected in 2023, according to revised data from the Office for National Statistics (ONS). Updated figures show the economy grew by 0.3% last year, three times the previously reported growth of 0.1%. This upward adjustment comes after collecting more…
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Economic calendar in Asia 30 September 2024 – China PMIs for September
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Note that New Zealand switches to daylight saving time over the weekend as summer approaches. Speaking of New Zealand, the ANZ New Zealand Business Survey for September 2024 is due out today. August data improved compared to July but remained poor: But the focus will be on data from China.…
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Fed’s Bowman: Data points continue to show economic strength
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Wall St closes higher on strong US economic data By Reuters
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Written by Echo Wang (Reuters) – Wall Street’s major indexes closed higher on Thursday, hitting a record high, as a rise in Micron Technology (NASDAQ:) shares and a strong U.S. jobless claims report eased concerns about the labor market. Shares of Micron Technology rose after the memory chip maker forecast…
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Economic calendar Asia Thursday, September 26: Bank of Japan meeting minutes, RBA info too
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Federal Reserve Cuts Interest Rates by 50 Basis Points to Address Economic Uncertainty
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The US Federal Reserve today made a major decision to cut interest rates by 50 basis points, reducing the federal funds rate range to 4.75% – 5%. The move, the first major cut in more than four years, reflects concerns about the state of the US economy, despite the continued…
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US committed to Bangladesh’s economic growth, to give $202 million more in aid By Reuters
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Written by Roma Paul DHAKA (Reuters) – The United States is committed to supporting inclusive economic growth, institution building and development in Bangladesh and will provide an additional $202 million in aid, a U.S. mission said on Sunday during a visit to Dhaka. The six-member delegation, led by Treasury Under…
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Nasdaq CEO: U.S. economic growth would be 0.5% higher if it weren’t for fraud
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If financial crime were a sector of the U.S. economy, it would be on par with accommodation and food services—money laundering activity would account for 3.1% of national GDP in 2023. Despite its scale, financial crime remains a largely hidden epidemic, spanning jurisdictions and borders and underpinning many of society’s…
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U.K. Economic Growth Stagnated in July 2024
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The latest update on UK economic activity reveals a stagnant picture for July 2024, with flat GDP growth and mixed performance across sectors, likely leaving the Bank of England in a delicate position as it considers future monetary policy decisions. Key points: UK GDP recorded no growth (0.0%) in July…
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A lighter US economic calendar is a chance to focus on China woes
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Xi Jinping The Federal Reserve is entering a blackout period even after the FOMC decision, and the US economic calendar is light today, with only wholesale inventories and employment trends. This will give the market a chance to catch its breath after a hectic week at the start of the…
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Turkish firms face wave of closures amid economic reckoning By Reuters
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Written by Seda Caglayan and Ezgi Erkoyun COROM, Turkey (Reuters) – It is hard for Dogan Duman to see how he can keep his clothing factory in central Turkey open much longer, even after firing a third of his staff to cut costs that have soared for companies across the…
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China Deflation Risk Grows as Signs of Economic Weakness Mount
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Breadcrumbs Path Links PMN Business China’s core inflation slowed to its lowest in more than three years, adding to signs that policymakers are struggling to stimulate household spending and putting further pressure on the annual growth target. Article author: Bloomberg News Bloomberg News Published on September 8, 2024 • Read…
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Economic calendar in Asia Monday, September 9, 2024 – Chinese inflation data for August
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Brits turn to ‘sweet treat economy’ for mood boosts amid economic challenges
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Despite a blistering summer, high interest rates and looming tax rises, Britons are spending more on small luxuries such as pastries and cosmetics, a trend Barclaycard has dubbed the “confectionery economy”. According to Barclaycard, consumer spending on cards rose 1% in August after two months of decline, with nearly half…
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China warns Japan of economic reprisal if potential new chip curbs are imposed
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HH 5800 China has warned of tough economic retaliation against Japan if it continues to impose restrictions on its sales and maintenance of chipmaking equipment to Chinese companies, Bloomberg News reported. Senior Chinese officials have reiterated this position in recent meetings with their Japanese counterparts, the report said. Added Quoted…