Category: Economic
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A growing rift at the ECB on the economic outlook?
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Well, that’s the potential disagreement that could affect the interest rate cut debate in the coming months. Reports suggest that some policymakers want to focus more on recession fears while others insist on holding firm on the inflation battle. It’s pretty much certain that interest rates will be cut in…
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Weekly U.S. economic data roundup: Year-ahead inflation expectations at 2020 levels
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Prime Minister Pictures Last week was a busy week for Wall Street in terms of economic data, with the Federal Reserve’s preferred inflation gauge coming in the spotlight on Friday. Notably, inflation expectations for the coming year from both the Conference Board and the University of Michigan dropped to 1.3%.…
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Keir Starmer aims to reset Brexit relations with German economic deal
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British Prime Minister Keir Starmer is negotiating a new treaty with Germany to secure priority access for British companies, a strategic attempt to repair the UK’s fractured relationship with the European Union after Brexit. Starmer described Brexit as a “once-in-a-generation opportunity” and stressed the need to “move beyond the crisis”…
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Powell’s Path: Rate cuts and economic outlook after Jackson Hole Summit
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The Jackson Hole Summit concluded, highlighting Fed Chair Powell’s speech on Friday, in which he explicitly laid out the path for a September rate cut. The cut would be the first policy change since July 2023, when the Fed raised rates by 25 basis points to a high target of…
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Russia to Launch 2 Crypto Exchanges Aimed at Foreign Economic Activity—Details
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To boost its offshore economic activity, Russia plans to launch two major cryptocurrency exchanges in its region — one in Moscow and the other in St. Petersburg. According to a reportThe initiative highlights Russia’s “strategic” move to integrate digital assets into its economy, focusing on the creation and use of…
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Russia to Launch 2 Crypto Exchanges Aimed at Foreign Economic Activity—Details
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To boost its offshore economic activity, Russia plans to launch two major cryptocurrency exchanges in its region — one in Moscow and the other in St. Petersburg. According to a reportThe initiative highlights Russia’s “strategic” move to integrate digital assets into its economy, focusing on the creation and use of…
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Russia to Launch 2 Crypto Exchanges Aimed at Foreign Economic Activity—Details
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To boost its offshore economic activity, Russia plans to launch two major cryptocurrency exchanges in its region — one in Moscow and the other in St. Petersburg. According to a reportThe initiative highlights Russia’s “strategic” move to integrate digital assets into its economy, focusing on the creation and use of…
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Japan rises on positive PMI, others muted amid economic uncertainty By Investing.com
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Most Asian stocks rose on Thursday amid growing optimism about lower U.S. interest rates, but overall gains were limited as a downward revision to payrolls data rattled markets. Japanese stocks posted their best performance on record on the day as purchasing managers’ index data showed sustained growth in the country’s…
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US stock futures rise as strong data clears economic fears By Investing.com
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U.S. stock index futures rose in overnight trading on Thursday as Wall Street posted extended gains after strong retail sales and jobless claims data helped ease concerns about a slowing economy. Weak inflation data earlier in the week boosted bets that the Federal Reserve will cut interest rates in September,…
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Asia FX flat, dollar muted with inflation, economic cues on tap By Investing.com
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Most Asian currencies were little moved on Tuesday as the dollar held steady ahead of key inflation data due later in the day, while the Japanese yen weakened further ahead of more signals on the economy. Sentiment towards regional currencies remained subdued after a major move towards risk aversion in…
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Oil prices dip as OPEC cuts demand forecast, economic cues awaited By Investing.com
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Oil prices fell in Asian trading on Tuesday, reversing last week’s rally, as a series of economic signals this week raised caution, while OPEC also cut its forecast for demand growth in 2024. Prices rose sharply from their lowest levels in more than seven months as fears of an escalating…
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UK Government cancels £1.3 billion AI and tech funding amid economic tightening
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In a major policy shift, the UK government has cancelled £1.3bn in funding for research and development into artificial intelligence and technology, as part of wider efforts to stabilise the economy. The funding, initially promised by the previous Conservative government, was intended to boost the UK’s position as a global…
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Global Economic Impact of Gambling Tax Soars
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on August 9, 2024 •…
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Robinhood and Nvidia lead market plunge amid economic jitters
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U.S. stocks fell on Monday, part of a global sell-off, as investors braced for days of volatility amid growing concerns about a slowing U.S. economy and excessive gains in the technology sector. The S&P 500 fell 3%, its biggest daily drop since September 2022, and the tech-heavy Nasdaq 100 fell…
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Hedge funds grow bearish amid economic slowdown jitters, Goldman says By Reuters
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Written by Carolina Mandel NEW YORK (Reuters) – Global hedge funds continued to add bearish bets on stocks to their portfolios in the week to Aug. 1 as fresh data raised concerns that the U.S. economy is slowing faster than expected, Goldman Sachs said in a note to clients. Goldman…
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Dollar falls as data points to economic slowdown; sterling weak By Investing.com
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Investing.com – The U.S. dollar fell in early European trade on Friday after weak data fueled concerns of a sharp slowdown in the world’s largest economy, which could prompt the Federal Reserve to ease monetary policy significantly. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against…
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FX Daily Review: US Dollar Gets a Lift from Positive Economic Vibes
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the U.S. dollar US stocks rose today, supported by positive economic data and optimism about the resilience of the US economy. The June Job Openings and Labor Turnover Survey (JOLTS) showed job openings Decreased from 8.23 million to 8.18 millionexceeding analysts’ expectations. The Federal Reserve closely monitors the JOLTS data…
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European markets mixed as economic indicators hit (EUR:USD)
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da-kuk/E+ via Getty Images London (UKX) -0.53% Germany (DAX:IND) +0.27% Germany’s GDP shrinks by 0.10% in Q2 France (CAC:IND) +0.32% France’s GDP grows 0.3% in Q2 Spain’s GDP grows 0.8% in Q2, inflation falls to 2.8% The Czech Republic’s GDP grew by 0.3% in the second quarter. Producer prices in…
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China’s Politburo holds meeting to set out economic priorities for H2 2024
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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…