Category: Economic
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University Joins £3m Campaign to Drive Midlands Economic Growth
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The University of Lincoln, UK, has joined a pioneering coalition of 17 universities to support a £3 million international campaign launched this week to drive economic growth in the Midlands. Each year the University contributes more than £400 million to the local economy and has built long-term, sustainable relationships with…
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Economic calendar in Asia Monday, 20 May 2024 – People’s Bank of China rate setting day
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Last Wednesday, the People’s Bank of China kept the interest rate on its medium-term lending facility unchanged at 2.5%. The MLF’s no-change rate strongly suggests that the one-year and five-year loan coverage rates will remain at the same rates as well: 3.45% and 3.95%, respectively The MLF rate setting is…
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US Leading Economic Index (LEI) M/M -0.6% vs. -0.3% expected
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US LEI -0.6% vs -0.3% expected and -0.3% previous. “Another decline in US LEIs confirms that softer economic conditions lie ahead,” said Justyna Zabinska-La Monica, senior director of business cycle indicators at The Conference Board. “Deteriorating consumer expectations about business conditions, weak new orders, a negative yield spread, and a…
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Fed minutes the big one to watch on the economic calendar next week
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And on days when we don’t get any big data, it can be a bit slow and uninspiring. So far today, we are at least seeing the dollar making a nice push higher. This has been helped by Treasury yields maintaining a bounce at a key technical juncture as noted…
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Dollar forecast to stabilize amid mixed economic signals By Investing.com
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Investing.com – The US dollar is expected to stabilize in the coming weeks after recent economic data showed mixed signals about the strength of the US economy. After a period of volatility, analysts at ING now expect a calmer trading environment with low volatility until more substantive data is released.…
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Bank of England Expected to Maintain Interest Rates Amid Economic Uncertainty
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The Bank of England is expected to keep interest rates steady at 5.25%, the sixth consecutive fix on Thursday. This decision comes against the backdrop of continued high inflation, which currently stands at 3.2%, which exceeds the bank’s target of 2%. In addition to the interest rate announcement, the bank…
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Deal or no deal with Hamas – the economic fallout
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The ongoing conflict between Israel and Hamas in the Gaza Strip and the complex situation on Israel’s northern border means that the Israeli economy faces a great deal of uncertainty, which can be expressed in several metrics. For example, the direct confrontation between Israel and Iran contributed to the weakening…