Indonesia’s central bank governor Perry Warjiyo said on Friday inflation expectations were coming down rapidly after Bank Indonesia (BI) started hiking interest rates aggressively four months ago. He told a central banking forum in Bangkok that the consensus forecast for…
Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank’s outflows have basically stopped and that it is seeing partial inflows. Credit Suisse has reported sharp outflows as wealthy clients move assets elsewhere,…
Airbus delivered 66 jets in November, leaving itself a near-record challenge of 137 in December to meet its 2022 goal, although it has not excluded the possibility that the target will be trimmed, industry sources said. The world’s largest planemaker…
China has ordered its top four state-owned banks to issue offshore loans to help developers repay overseas debt, three people with knowledge of the matter told Reuters, rolling out its latest support measure for the cash-starved property sector. The regulators…
European stock markets are expected to largely open with small losses Friday, as investors cautiously await the release of the key monthly U.S. jobs data which could influence Federal Reserve monetary policy. At 02:00 ET (07:00 GMT), the DAX futures…
Most Asian stock markets retreated in cautious trade on Friday ahead of key U.S. payrolls data that is expected to factor into monetary policy, although a report that China plans to further scale back its strict anti-COVID measures helped limit…
Most Asian currencies moved little on Friday as caution kicked in ahead of U.S. payrolls data that is likely to affect monetary policy, although dovish signals from the Federal Reserve pushed the dollar to a three-month low. Regional currencies were…
Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its economy will benefit from stimulus measures and the easing of COVID-19 restrictions. Analysts raised forward 12-month earnings of companies on the MSCI China index by 2%…
Twitter Inc on Friday suspended Kanye West’s account again, just two months after the rapper’s account was reinstated, as his tweets violated the social media platform’s rules. Twitter-owner Elon Musk, who calls himself a free speech absolutist, had welcomed the…
Oil prices rose slightly on Friday as investors speculated over the prospect of a production cut by the OPEC, while optimism over a recovery in Chinese demand and signs of tightening supply put crude markets on course for a positive…
Ghana’s debt restructuring plans are set to test a $400 million World Bank guarantee which was designed to provide extra security if the West African country failed to pay. Like other smaller, riskier emerging market countries including Sri Lanka and…
The dollar held firm on Friday but was pinned near 16-week lows against a basket of major currencies as data showing increased U.S. consumer spending emboldened investors’ hopes that the peak in interest rates was in sight. The dollar index, which…
Asian shares fell and Treasuries held on to gains on Friday ahead of U.S. non-farm payrolls data, the next big test for investors looking for more signs of a rates policy shift from the Federal Reserve, while the dollar nursed…
Florida lawmakers are planning to reverse a move that would strip Walt Disney (NYSE:DIS) Co of its right to operate a private government around its theme parks, the Financial Times reported on Friday, citing people briefed on the plan. The lawmakers in…
European Central Bank President Christine Lagarde warned on Friday that some European governments’ fiscal policies could lead to excess demand, and that fiscal and monetary policies need to work in synch for sustainable, balanced economic growth. “Fiscal policies that create…
U.S. President Joe Biden rolled out the red carpet on Thursday for celebrities, lawmakers, and titans of industry at the White House’s first state dinner in honor of French President Emmanuel Macron. The dinner is the crowning social event of…
U.S. job growth was likely the smallest in nearly two years in November as mounting worries of a recession cooled demand for labor, which could give the Federal Reserve confidence to start slowing the pace of its interest rate hikes…
Tesla Inc Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (NASDAQ:PEP) without offering updated forecasts for the truck’s pricing, production plans or how much cargo it could haul. Musk, who appeared onstage at an…
Blackstone Inc limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs came…
Gambling has always been enjoyable because it inspires people to believe they can accomplish a lot with little chance. For most gamblers, wagering is not only a way of generating funds but also a form of entertainment. However, you don’t…
It’s been almost four years since the Supreme Court overturned the federal prohibition on sports betting, opening the door for individual states to decide whether they want to legalize the activity, or not. Although almost every state has at least…
There are few places in Europe that are as glamorous as Monaco. It’s home to some of the richest, most famous, and most successful people on the planet who have all crammed themselves into the tiny principality to enjoy everything…
Asian equities jumped on Thursday, while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace of monetary tightening. In an eagerly-awaited speech, Powell said the…
The dollar tumbled to a three-month low against the yen on Thursday as traders focussed on comments by Federal Reserve Chair Jerome Powell that interest rate hikes could be scaled back “as soon as December”. Powell said on Wednesday that…
U.S. Treasury Secretary Janet Yellen said she “practiced and practiced” writing the signature that will soon adorn U.S. dollars in order to avoid the illegible scrawls of her predecessors Tim Geithner and Jack Lew. “I knew this was something you…
China’s $17 trillion economy is headed for one of its worst showings this year in almost half a century, but its central bank has limited options in its armoury for providing policy support as it would want to avoid stoking…
Chinese manufacturing activity shrank for the third consecutive month in November, a private survey showed on Thursday, as strict anti-COVID measures continued to disrupt factory operations, while demand also softened. The Caixin Manufacturing Purchasing Managers Index (PMI) read 49.4 in…
Most Asian currencies extended gains on Thursday, while the dollar slipped further after Federal Reserve Chair Jerome Powell said that the central bank will likely slow its pace of future interest rate hikes, although weak economic data prints from China stifled…
Most Asian stock markets rose sharply on Thursday after Federal Reserve Chair Jerome Powell said the central bank is set to slow its pace of interest rate hikes, while the relaxing of some anti-COVID measures in China also drove up…
China will allow some people who test positive for COVID-19 to quarantine at home, among supplementary measures to be announced in coming days, two sources with knowledge of the matter told Reuters. Home isolation for the infected would be a…
A rally in U.S. stocks and bonds powered ahead after a speech by Federal Reserve Chairman Jerome Powell on Wednesday, but some investors believe a looming recession could cap gains in both asset classes. Though asset prices have been battered…
European stock markets are expected to open higher Thursday, with risk appetite soaring after Fed Chair Jerome Powell signaled the U.S. central bank would reduce the size of its interest rate increases later this month. At 02:00 ET (07:00 GMT),…
For 25 years, Theo Jost served the German Christmas dish of goose in his restaurant near the Black Forest. The birds were fresh, reared by farmers in northern Germany. But this year he took the dish off the menu because…
More than 220 investors managing $30 trillion have signed up to a plan to push companies over social issues and human rights, with an initial focus on firms in the mining, metals and renewables sectors. Dubbed ‘Advance’, the coalition is…
Yesterday was a busy day for the EUR/USD, with gains in the morning, in the face of half-hearted European inflation figures, then with a correction in the afternoon, to finally post a strong upward movement overnight, helped by Powell’s speech which…
German retail sales slumped in October, setting an ominous tone for a fourth quarter in which Europe’s largest economy is widely expected to shrink. Sales fell 2.8% in inflation-adjusted terms, and were even down 1.7% in absolute terms, from September, as consumers…
The head of Meta Platforms’ business group said on Wednesday that the holiday shopping season started earlier than usual this year and produced a Black Friday sales weekend that appeared to be the biggest on record. Consumers anxious about supply…
European shares scaled over three-month highs on Thursday, cheered by U.S. Federal Reserve Chair Jerome Powell signalling smaller interest rate hikes ahead, and China softening its tone on strict COVID-19 rules. The pan-European STOXX 600 index rose 0.9% by 0810 GMT, after…
U.K. house prices fell by the most in over two years in November, as the chaos unleashed by Liz Truss’s ill-fated ‘mini-budget’ gummed up the country’s mortgage lending market. Average selling prices fell 1.4% from October, the most since June 2020, when…
The U.S. Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that could exclude Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) unit Google, Microsoft (NASDAQ:MSFT) and other non-EU cloud services providers from the European market. The…
The recently liberated Ukrainian city of Kherson has lost its power supply after heavy shelling by Russian forces, the regional governor said on Thursday. Kherson, which had endured weeks without basic utilities such as running water and electricity, partially regained…
Bank of Japan board member Asahi Noguchi said on Thursday the central bank could “pre-emptively” withdraw monetary stimulus if trend inflation, which takes into account wage and services prices, overshoots expectations and stays above its 2% target. A proponent of…
The U.S. dollar slumped in early European trade Thursday after Federal Reserve chair Jerome Powell pointed to smaller rate hikes ahead, boosting risk appetite to the detriment of this safe haven. At 03:05 ET (08:05 GMT), the Dollar Index, which tracks…
Russia’s manufacturing sector expanded at its fastest pace in almost six years in November thanks to an increase in output and new orders, a business survey showed on Thursday, rebounding from a dip towards contraction last month. The S&P Global…
The latest cryptocurrency market crash and the more recent rise of new GameFi spaces offer a unique investment opportunity for 2023 and beyond. GameFi and play-to-earn are becoming the future of online gaming and both are going to grow at…
European Union leaders are pushing for the swift establishment of an investment program to boost output in the bloc’s defense industry because of the war in Ukraine, according to draft conclusions for a Dec. 15-16 summit. “The European Council (…)…
OPEC+’s decision to hold its Dec. 4 meeting virtually indicates a policy change is unlikely, a source with direct knowledge of the matter told Reuters on Wednesday. The virtual meeting also puts the spotlight on the European Union’s pending agreement…
The world’s second-largest fashion retailer, H&M (ST:HMb) announced on Wednesday that it will cut about 1,500 jobs to cut costs in the face of declining demand as consumers face rising inflation. The Swedish company, which employs about 155,000 people, launched…
Britain’s energy watchdog has proposed price controls for electricity distribution companies over the next five years, a mechanism the regulator says will deliver cheaper, cleaner energy at no extra cost to consumers. The controls, which will apply from April 1,…
The European Commission on Wednesday proposed seizing frozen Russian assets to punish Moscow for its invasion of Ukraine, exploring legal options with EU partners to compensate Kiev for the damage caused to the country. Senior officials from the European Union,…
Today we will be attentive to the inflation data in the Eurozone. The European Central Bank (ECB) holds a non-monetary policy meeting. ThepetroleumUp. Cryptocurrencies move with a mixed tone this morning. Here are the five factors that investors should consider…
The prospects for recession in developed countries continue to give experts wings for their pessimistic predictions for next year, also in financial markets. As we explained yesterday, Deutsche Bank (ETR:DBKGn) predicts recession in the United States next year and estimates that markets…
Year-on-year inflation in the euro area fell six tenths in November, to 10%, which is the first drop since June 2021 and after last month marked a maximum with 10.6%, according to preliminary data published today by Eurostat. In June…
TheinflationThe euro area fell six tenths in November, to 10%, which is the first drop since June 2021 and after last month marked a maximum with 10.6%, according to preliminary data published today by Eurostat. In June 2021, inflation stood…
ThegoldIt rose on Wednesday as the dollar eased and headed for its biggest monthly gain in more than two years as investors prepared for a speech by U.S. Federal Reserve Chairman Jerome Powell looking for clues about future interest rate…
Euro zone inflation fell much more than expected in November, raising hopes that price growth has passed its peak and bolstering arguments for a slowdown in European Central Bank rate hikes next month. Consumer prices in the 19 countries that…
Global stock markets rose on Wednesday as attention focused on Federal Reserve Chairman Jerome Powell, who will get his last chance to steer sentiment before the Fed’s December meeting. The holiday rally appeared to have been ahead for some markets,…
The recent behavior of theBrentand WTI, which have returned to January lows after the anti-Covid protests in China, has led the different investment houses to review their positions in this regard for next year. According to JP Morgan (NYSE):.JPM), in…
Spain’s Acciona Energía announced plans on Monday to build a 2 billion Australian dollar ($1.34 billion) wind farm in Australia, nearly doubling its investment and generation capacity at a site in the northeastern state of Queensland. The Herries Range 1,000-megawatt…
The U.S. government may consider resorting to the North American free trade agreement, known as USMCA, if it fails to reach a favorable resolution to a dispute overcornGMO with Mexico, U.S. Agriculture Secretary Tom Vilsack said Monday. In 2020, the…
Portuguese midfielder Bruno Fernandes said a goal awarded to him – the first of his two in a 2-0 win over Uruguay on Monday – could have been scored by Cristiano Ronaldo, but what mattered was securing Portugal’s qualification to…
Iran coach Carlos Queiroz said on Monday he hoped the next World Cup would focus less on politics and more on football, stressing there were better ways to use sport as a force for good. Queiroz’s team has been dragged…
Cameroon coach Rigobert Song praised his team’s fighting spirit after a 3-3 draw against Serbia in Group G of the World Cup without starting goalkeeper Andre Onana, who was sidelined for disciplinary reasons. Onana appeared as “absent” on the team’s…
The Japanese technology multinational Sony (TYO:6758) announced Tuesday the launch next year of a kit of small motion sensors to translate real-time human movements to an avatar in the metaverse. The devices, which will be marketed in Japan at the…
The electromobility hub that will assume the reindustrialization of Nissan (TYO:7201) has obtained bank guarantees for the PERTE of the electric vehicle worth about 48 million euros, below the 80 initially planned, although it assures that they are sufficient to…
At the close of Tokyo, the Nikkei 225fell 0.48%. The best value of the session in the Nikkei 225wasPacific Metals Co., Ltd. (TYO:5541), up 4.83%, 94.00 points to 2.00 at the close. It is followed by Takashimaya Co., Ltd. (TYO:8233), which advanced…
South Korean President Yoon Suk-yeol warned of an unprecedented joint response with allies if North Korea goes ahead with a nuclear test, and urged China to help deter Pyongyang from further developing nuclear weapons and banned missiles. In a wide-ranging…
The market for football fan tokens, a volatile cocktail of cryptocurrencies and sport, is heating up in the Qatari desert. Interest in this niche of cryptocurrencies, normally linked to sports teams such as Barcelona or Brazil, has skyrocketed with the…
Tightening financial conditions and the prospect of an economic recession are set to be a toxic breeding ground for European stocks heading into 2023, with a key regional benchmark slipping towards October lows, according to a Reuters poll. The survey…
The pace of global maritime activity will lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken trade prospects, the U.N. agency UNCTAD said on Tuesday. The world’s biggest investment banks expect global…
Before the central bank meetings in mid-December, these days we are very aware of the statements of central bankers. Today De Guindos and Schanel, from the ECB, speak. ThepetroleumUp. Cryptocurrencies move with rises this morning. Here are the five factors…
European markets on the rise on Tuesday -Ibex 35 CAC 40, DAX…- after some good macroeconomic data that we are knowing, and pending the statements of central bankers about the possible monetary policy strategies for the December meetings. On the other hand,…
After starting the week in the red on fears about the evolution of the Chinese economy, the Spanish selective opened on Tuesday with an uncertain trend, as the prospect of a relaxation of COVID-19 measures by Beijing was offset by…
The second vice president of the Government of Spain and Minister of Labor, Yolanda Díaz, said on Monday “not to share” the proposal to extend the calculation period to calculate the pension, which would mean raising it from the current…
The unemployment rate in Japan remained at 2.6% in October, after the rise of one tenth experienced by the indicator in the previous month, the Japanese government reported on Tuesday. The number of unemployed in the Asian country in the…
Argentina placed on Monday in the domestic market bills and Treasury bonds in Argentine currency for a total effective value of 219,050 million pesos (about 1,268 million dollars), official sources reported. According to the Argentine Ministry of Economy in a…
The Chilean Senate dispatched on Monday the draft Budget Law 2023 to the mixed commission that must elucidate on Tuesday the controversial points of the norm in which the Lower and Upper House did not agree. During this afternoon’s vote,…
Mexico’s Business Coordinating Council (CCE), the country’s private sector leadership, predicted Monday that next year will be “complicated” for the economy, but ruled out a recession in the United States and Mexico, as private analysts predict. “2023 is estimated to…
A controversial proposal to accommodate more spending in Brazil’s president-elect Luiz Inacio Lula da Silva’s 2023 budget was formally presented to Congress on Monday, providing for a shorter welfare exemption but maintaining its annual impact. Brazilian Senator Marcelo Castro, responsible…
The Mexican Business Coordinating Council (CCE) announced on Monday that it endorses the 20% increase in the minimum wage proposed by President Andrés Manuel López Obrador although the private sector had suggested a smaller increase. “We are over 20%,” said…
Bitcoin is undoubtedly the most successful cryptocurrency. Therefore, it is unsurprising that many individuals and businesses want it in their investment portfolios. For instance, bitcoin billionaire is a digital venue where you can quickly register and buy Bitcoin. However, investing…
You have probably heard stories of people that have made good money trading Bitcoin. Maybe this has prompted you to consider starting a venture into this industry. But limited finances may prevent you from trading Bitcoin. Therefore, you might wonder…
European stock markets fell from three-month highs on Monday, led by declines in energy, mining and retail stocks, as widespread protests in China over the country’s restrictive COVID-19 measures have triggered a sell-off in global markets. The pan-European indexSTOXX 600It…
European markets are trading lower on Monday -Ibex 35, Cac 40, DAX…-, pending protests in major Chinese cities against the harsh restrictions that China is carrying out in its zero COVID policy, which increase investor concern about the implications of growth for…
Embattled Chinese property developerEvergrande(HK:3333Group aims to win creditor approval for its debt restructuring proposals as early as the end of February, the company’s lawyers said on Monday. Evergrande, once China’s best-selling property developer, is now at the center of the…
Russia’s Gazprom (MCX:GAZPIt plans to retain gas pumping equipment from Portovaya and Slavyanskaya compressor stations, which supply the Nord Stream 1 and Nord Stream 2 pipelines, Kommersant newspaper reported on Monday, citing sources. According to Kommersant, Gazprom plans to keep…
The Spanish stock market has extended the fall after the opening of the session and already leaves 0.78%, in a week that begins pending the inflation data in the euro area that will be known next Wednesday. Minutes after the…
The week starts in negative territory for the pairEUR/USD, which last night opened lower, extending its fall to record lows of 1.0340, due to the generalized aversion to risk assets. China’s population has clashed with police in several cities, including…
Two of the world’s most intimidating strikers, Argentina’s Lionel Messi, 35, and Poland’s Robert Lewandowski, 34, will meet for a place in the knockout stages of the World Cup on Wednesday. Messi has scored twice in Argentina’s extraordinary start to…
The workers of the state railway company Austrian Federal Trains (ÖBB) have started an unusual 24-hour strike on Monday to demand a wage increase of 12%, higher than the 8.4% proposed by the employers. “Rail services are suspended throughout Austria.…