Category: Economic
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Investors’ pessimism lessens as economic data leans in favor of rate cuts
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Investors’ pessimism about the short-term outlook for the stock market eased this week, as recent economic data boosted hopes for interest rate cuts. A total of 26.1% of respondents to the American Association of Individual Investors, or AAII, survey, He said Investors believe the market will head lower in the…
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Economic calendar in Asia 05 July 2024 while we wait for the US employment data
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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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Stock Market News Today: Markets notch new all-time high after economic data (SP500)
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The Standard & Poor’s 500 index of U.S. stocks on Wall Street on Wednesday hit an all-time daily high, after fresh economic data supported a scenario in which the Federal Reserve will be able to start easing monetary policy. Traders will see a cut session. Ahead of the Independence Day…
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Kenya economic growth slows down to 5pc in first quarter
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Kenya’s economy grew at a slower pace of 5% in the first three months of 2024 compared to 5.5% in the same period last year, in a period of turbulent business environment and high interest rates. A report released by the Kenya National Bureau of Statistics showed that all sectors,…
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Futures inch up in anticipation of economic data, Fed meeting minutes
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(Reuters) – U.S. stock index futures were slightly higher in pre-holiday trading on Wednesday as investors prepared for the jobs report among a series of economic data along with minutes from the Federal Reserve’s June policy meeting. The stock market is set to close early on Wednesday and remain closed…
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Futures inch up in anticipation of economic data, Fed meeting minutes
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(Reuters) – U.S. stock index futures were slightly higher in pre-holiday trading on Wednesday as investors prepared for the jobs report among a series of economic data along with minutes from the Federal Reserve’s June policy meeting. The stock market is set to close early on Wednesday and remain closed…
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USDC Becomes First Major MICA Compliant And Regulated Stablecoin In The European Economic Area (EEA)
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In a significant development for the digital assets landscape, circleCircle, a global fintech and USDC issuer, announced that its French entity has become the first global stablecoin issuer to achieve compliance with the European Union’s pioneering Markets for Crypto-Assets (MiCA) regulatory framework. This achievement underscores Circle’s commitment to building a…
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USDC Becomes First Major MICA Compliant And Regulated Stablecoin In The European Economic Area (EEA)
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In a significant development for the digital assets landscape, circleCircle, a global fintech and USDC issuer, announced that its French entity has become the first global stablecoin issuer to achieve compliance with the European Union’s pioneering Markets for Crypto-Assets (MiCA) regulatory framework. This achievement underscores Circle’s commitment to building a…
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Economic calendar in Asia Tuesday, 2 July 2024 – RBA June meeting minutes
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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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Asia markets mostly rise as traders digest mixed Chinese PMI, other region’s economic data
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primeimages/E+ via Getty Images Stock markets in the Asia-Pacific region started the second half of the year on a positive note as investors digested mixed Chinese PMI data, and the data showed that confidence among large Japanese manufacturers improved to a two-year high in the second quarter amid… Improving economic…
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Economic turmoil in Bolivia fuels distrust in government and its claim of a ‘failed coup’
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Breadcrumb links PMN Business Article author: Associated Press Megan Janetsky and Paula Flores Published on July 1, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content LA PAZ, Bolivia (AP) — “I buy dollars”…
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Economic calendar in Asia 01 July 2024 – another Chinese PMI due
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Over the weekend, China’s official PMIs for June were released: Today we get the Caixin Manufacturing PMI which was privately surveyed. This remained in expansion in May despite the National Bureau of Statistics’ manufacturing PMI falling into contraction. This image is from the ForexLive economic data calendar, You can access…
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Today’s economic calendar 28 June 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 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 or…
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A Strategic Shift Amidst Japan’s Economic Turbulence
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Meta Planet, a public operator listed in Tokyo, has taken a bold step in the face of Japan’s economic woes by significantly increasing its Bitcoin reserves. This Bitcoin reserve strategy aims to hedge against the falling value of the yen and rising levels of government debt. Metaplanet’s first Bitcoin strategy…
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A Strategic Shift Amidst Japan’s Economic Turbulence
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Meta Planet, a public operator listed in Tokyo, has taken a bold step in the face of Japan’s economic woes by significantly increasing its Bitcoin reserves. This Bitcoin reserve strategy aims to hedge against the falling value of the yen and rising levels of government debt. Metaplanet’s first Bitcoin strategy…
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Economic calendar in Asia Tuesday, 18 June 2024 – RBA decision and press conference
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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 additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Caledonia to file preliminary economic assessment on chosen approach to develop the Bilboes sulphide gold project
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Jun 03, 2024 • 14 minute…
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UBS sees NZD/USD on shaky ground amid economic headwinds By Investing.com
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UBS has expressed caution regarding the New Zealand dollar (NZD), citing a challenging economic outlook and the potential for underperformance against other major currencies. The pair has traded within a range of 0.59 to 0.62 recently, with relatively high interest rates in New Zealand providing some support despite the weakness…
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Artisanal miners at core of Kenya’s economic transformation agenda
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Since the Kenya Kwanzaa administration assumed power after the August 2022 general elections, the government has been on an unwavering journey of economic transformation, driven by a vision that puts the prosperity of its people at the forefront. Central to this transformation agenda is the mining sector, with a particular…
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Kenya’s deep rooted economic problems cannot be fixed by taxes alone
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According to figures recently released by the Kenya National Bureau of Statistics (KNBS), the Kenyan economy in 2023 grew at the fastest rate in 5 years driven largely by a recovery in agriculture and tourism while real wages contracted for the fourth year in a row. Did the state deliberately…