Inflation Rises 0.2% in June According to the Consumer Price Index (CPI) report, shared by the Bureau of Labor Statistics (BLS), inflation rose 0.2% in June on a seasonally adjusted basis, after increasing 0.1 percent in May. On the other hand, over the past 12 months, the all items index increased 3.0% before seasonal adjustment. …
The Dollar Weakens During the session this Friday, the US currency fell back as new economic data is added and the markets are in expectation of the next monetary policy decisions by the Federal Reserve. The Solid Data Shared This Week on Private Payrolls They supported the view that the Federal Reserve could once again …
The United States grapples with high inflation rates In June 2022, the year-on-year inflation rate in the United States broke records by registering a rate of more than nine percent, which exceeded the all-time high of the last 40 years. This increase triggered the price of various products and services, prompting the Federal Reserve (Fed) …
Davos World Economic Forum 2023: Cooperation in a Fragmented World The annual Davos World Economic Forum (WEF) is set to take place from January 16 to 20, 2023, in Davos, Switzerland. This year’s theme is “Cooperation in a fragmented world,” highlighting the need for global cooperation to address the most pressing issues facing the world. …
How Much Will Social Security Payments be in 2023? Retired workers depend on Social Security payments to make ends meet, and every year they eagerly wait to know how much their monthly payment will be. According to recent estimates, there will be a significant increase in the payments of retired workers in 2023. In 2022, …
In the most recent report from the World Bank, entitled “The Potential of Integration: Opportunities in a Changing Global Economy”, the organization specializing in finance predicted that the Colombian economy will grow by 1.1% during 2023. This figure reveals that, while the country’s financial forecasts are lower than the overall growth of Latin America, it …
Get Thousands of Dollars for a Simple Dollar Coin Getting some extra money is never a bad thing for anyone, especially when it comes to thousands of dollars in exchange for a simple one dollar coin. Coin collectors in the United States are willing to pay more than $11,000 dollars for a small dollar coin …
Deutsche Bank paid Chief Executive Christian Sewing 8.9 million euros ($9.49 million) in 2022, up slightly from 8.8 million euros a year earlier, the bank revealed on Friday, rewarding him for a third straight year of profit and for reaching key milestones in the German bank’s restructuring. The set of premiums for the entire bank …
The European Central Bank needs to keep raising interest rates because core price inflation remains resilient and risks to the price outlook are skewed towards higher readings, ECB Governing Council member Peter Kazimir said on Friday. The ECB raised interest rates by 50 basis points on Thursday and projected inflation above its target through 2025, …
Today we will be waiting for the confirmation of the CPI data in the Eurozone. Business results season continues. The petroleum It is trading upwards. Cryptocurrencies are also moving higher this morning. Here are the five factors that investors should consider today when making their decisions: 1. CPI in the EurozoneAt 11:00 Spanish time we …
Bank of Japan Governor Haruhiko Kuroda said on Friday there was room to cut interest rates further into negative territory, but could not comment on what extent. As part of yield curve control, the Bank of Japan applies an interest rate of -0.1% to a small reserve fund of banks. It also steers the yield …
The $30 billion injection into First Republic Bank allayed market fears about an impending bank collapse on Friday, but a subsequent slump in shares of the troubled U.S. bank showed investors remained worried about cracks in the sector. Big U.S. banks pumped the funds into the San Francisco-based bank on Thursday, rushing to rescue the …
“Inflation will remain too high for too long. The Governing Council therefore decided today to increase the ECB’s three key interest rates by 50 basis points, in line with its determination to ensure a timely return of inflation to the medium-term objective of 2%. The high level of uncertainty reinforces the importance of a data-dependent …
U.S. Treasury yields fell on Thursday as investors continued to weigh the current global banking strain against U.S. economic data, which continued to show resilience in the face of multiple Federal Reserve rate hikes. The return on U.S. debt has fallen in five of the past six days. However, they barely reacted to the European …
Wall Street’s main indexes fell on Thursday after the European Central Bank raised its main interest rate, despite fears of a global banking crisis, stoking concerns that the Federal Reserve could also tighten monetary policy for longer. The European Central Bank approved a 50 basis point rate hike on Thursday, sticking to its fight against …
The European Central Bank raised interest rates by 50 basis points on Thursday as it had previously promised to curb inflation, ignoring chaos in financial markets and investor calls to curb monetary tightening at least until confidence stabilizes. The ECB has been raising rates in recent months at the fastest pace in its history, but …
OPEC+ believes falling prices of the petroleum this week’s more than one-year lows is due to financial fears rather than an imbalance between supply and demand, and the market is expected to stabilise, four delegates from the producer group told Reuters. Crude sank to 15-month lows on Wednesday, with the Brent below $72 a barrel, …
The Chief Economist at Moody’s (NYSE:MCO) Analytics, Mark Zandi, believes that the US Federal Reserve (Fed) is unlikely to raise interest rates in its March meeting, as there is a “burden of uncertainty” around recent bank failures. The financial turbulence of recent days will certainly affect monetary policy decision-making when the Federal Open Market Committee …
Pending the European Central Bank’s (ECB) interest rate decision on Thursday, today the Bank of Japan has reiterated its accommodative policy. Business results season continues. The petroleum Quote with increases. Cryptocurrencies move with rises this morning. Here are the five factors that investors should consider today when making their decisions: 1. Minutes of the BoJThis …
China will steadily reduce the number of subprime lenders to help prevent systemic financial risks, its central bank said on Wednesday. Reforms of troubled small and medium-sized financial institutions have made key progress and illegal financial activities have slowed, the People’s Bank of China (PBOC) said in a statement after its annual meeting on financial …
Global demand for petroleum is slowly increasing, but is bracing for a big boost thanks to the resumption of air travel and China’s economic reopening after COVID-19 restrictions, the International Energy Agency (IEA) said on Wednesday. “Global oil demand growth started 2023 with a sigh, but is forecast to end the year with a bang,” …
The British government’s pound and euro stabilized ahead of the British government’s budget announcement on Wednesday and the European Central Bank’s looming interest rate hike on Thursday. The dollar also stabilized as fears of a banking crisis eased and investors lowered bets on a U.S. rate cut. Sterling was down 0.11 percent at $1.2146 and …
Efforts by regulators and financial executives to assuage fears of contagion sparked by the collapse of Silicon Valley Bank (SVB) bolstered sentiment on Wednesday. Nonetheless, in a week in which global bank stocks have plunged – the regional bank index of the S&P 500 has fallen by 18%—the environment remains fragile. The European Central Bank …
The dollar rose in a calmer environment on Tuesday after falling on Monday following the collapse of Silicon Valley Bank (SVB). Consumer Price Index (CPI) figures, due at 1230 GMT, could trigger further volatility in global markets, a day after fears of a possible banking crisis prompted traders to quickly reduce their expectations of interest …
The inflation in Spain rose in February to 6% year-on-year, one tenth more than the previous month and one less than anticipated by the INE, due to the increase in electricity prices and the historic rise in food prices of 16.6%, despite the reduction or elimination of VAT on some products. The group of foods …
European Union finance ministers agree on the general principles of reforming European fiscal rules to better adapt them to post-COVID economic realities, but crucial details remain to be negotiated, according to a document. The draft conclusions of a meeting of the 27 EU finance ministers on Tuesday show that EU countries support much of the …
A gauge of credit risk in the euro area banking system jumped to its highest level since mid-July on Tuesday, in line with rising levels of investor panic over the risk of crisis contagion at three U.S. banks in less than a week. The so-called FRA-OIS spread, which measures the difference between the euro area’s …
Amid the aftermath of the biggest bank failure since the 2008 financial crisis, investors will focus on this week’s U.S. inflation data, which will be a key test for markets already under heavy pressure from concerns surrounding the Federal Reserve’s campaign to control inflation. On the other hand, everything indicates that the European Central Bank …
Oil prices fell along with stock markets on Monday as Silicon Valley Bank collapsed raised fears of a new financial crisis, although a recovery in Chinese demand provided some support. At 1001 GMT, futures Brent crude lost $1.44, or 1.7 percent, to $81.34 a barrel, and those of the West Texas Intermediate (WTI) was subtracting …
European bank shares fell the most in more than a year on Monday and bond markets saw a huge appreciation of bets on rate hikes as global efforts to limit the fallout from the Silicon Valley Bank (SVB) collapse failed to calm fears. The dollar also fell, as Wall Street heavyweights such as Goldman Sachs …
Short-term U.S. Treasury yields fell on Monday as the collapse of Silicon Valley Bank prompted investors to sharply lower expectations of a big interest rate hike by the Federal Reserve and seek the safety of public debt. The return on notes to year fell 39 basis points (bps) to 4.192%, its lowest level since Feb. …
The dollar fell on Monday on growing expectations that the Federal Reserve will be less aggressive on monetary policy after policymakers intervened to limit the fallout from Silicon Valley Bank’s sudden failure. The U.S. government announced several measures early in the session in Asia, saying all SVB customers will have access to their deposits starting …
The German industry advocated this Sunday for a rapid entry into force of the EU-Mercosur agreement on the eve of the 39th edition of the German-Brazilian Business Days held in Belo Horizonte and will be opened by the German Minister of Economy and Climate, Robert Habeck. “Brazil’s importance to Germany should also be reflected in …
The economies of the Baltic states – Latvia, Estonia and Lithuania – are facing weak or negative growth rates in the first half of 2023 which, coupled with high food and energy prices, are already impacting households in the region. “I don’t expect much in terms of growth this year: Estonia and Latvia are in …
70% of Spanish entrepreneurs expect their sales to increase over the next year and 50% expect to increase their investments, a more moderate optimism than they showed last year, when those percentages were 7 and 10 points above, according to a report by the consultancy KPMG and the CEOE. According to the results of the …
The President of the Government, Pedro Sánchez, has demanded that the employers sit down with the unions to agree on collective bargaining that distributes the benefits of large companies with “justice” since in the last decade workers have lost purchasing power. “That is why it is so important to raise the minimum wage or it …
The disparity of tax legislation between the States of the European Union, with a gap of up to twenty points in their corporate taxes, opens the door to unfair competition that reduces the collection of some countries and seeks to limit the new global minimum rate of 15% for large companies. The decision of Ferrovial …
A tense couple of weeks lie ahead for global financial markets. Investors have spent the past few days resigning themselves to the fact that U.S. and euro zone interest rates are going to rise more than seemed likely at the start of the year. Hopes for a quick end to monetary tightening and an imminent …
Today the focus will be on US employment data, one of the thermometers of the US Federal Reserve (Fed) to measure the state of health of the US economy. We will also be watching Christine Lagarde, president of the European Central Bank (ECB). The business earnings season continues. The petroleum It is trading down. Cryptocurrencies …
The European Central Bank’s interest rate spike will be much higher than previously thought just a month ago, economists polled by Reuters said, adding that stubbornly high inflation would push monetary leaders to be more aggressive. After pointing to a 50 basis point hike at next week’s ECB governing council meeting (Thursday, March 16), ECB …
SVB Financial Group is trying to reassure its private equity clients that their money is safe after the announcement of a capital increase sent its shares tumbling 60 percent and helped wipe out more than $80 billion in banking stocks. SVB, which operates as Silicon Valley Bank, launched a $1.750 billion share sale on Wednesday …
Doubts in the financial markets after the statements of Jerome Powell, chairman of the US Federal Reserve (Fed), and Christine Lagarde, his counterpart at the European Central Bank (ECB). The business earnings season continues. The petroleum It trades with volatility. Cryptocurrencies move with falls this morning. Here are the five factors that investors should consider …
U.S. private payrolls rose more than expected in February, pointing to continued strength in the labor market. Private employment increased by 242,000 jobs last month, the ADP national employment report showed on Wednesday. January’s data was revised upwards to show 119,000 jobs added instead of the 106,000 previously reported. Economists polled by Reuters had forecast …
The European Commission said on Wednesday it would finalize a long-delayed discussion forum for the bloc’s financial regulators and Britain once the Northern Ireland deal has been implemented by London. The forum, similar to the one the EU already has with the United States, was due to have been set up in March 2021 but …
Federal Reserve Chairman Jerome Powell on Tuesday teased key elements of the Fed’s upcoming meeting: A half-point interest rate hike is on the table and the monetary authorities’ updated forecasts are likely to peak rates above the 5.1 percent of their last December projections. Economic data released since the Fed’s last meeting, held between Jan. …
Ignazio Visco, a member of the European Central Bank’s Governing Council, criticized some of his colleagues on Wednesday for their comments on future interest rates, which diverge from what was agreed at ECB meetings. Visco’s intervention sets the stage for a heated debate at next week’s meeting, at which the central bank plans to raise …
The euro zone recorded no quarter-on-quarter growth in the final three months of 2022, the European statistical agency reported on Wednesday, revising its GDP and employment growth figures slightly downwards, although the latter remained strong. Euro zone economic growth was 0.0 percent in the fourth quarter from the third quarter and 1.8 percent from a …
China will create a new national financial regulatory body to replace its banking and insurance supervisory body, as part of a government reform announced on Tuesday that includes plans to create a national data bureau. The proposed financial regulation, submitted to China’s parliament during its annual meeting, would incorporate oversight of the industry, excluding the …
Foxtons expects London’s rental market to remain strong in 2023, its chief executive said on Tuesday, while property sales will recover in the latter part of the year. Property sales in Britain have slowed markedly over the past six months as mortgage rates, which rose sharply after September’s disastrous mini-budget, and broader economic woes are …
Mario Centeno, a member of the European Central Bank’s Governing Council, said on Monday that decisions following the increasingly likely 50 basis point (bps) interest rate hike expected later this month should be based on macroeconomic indicators. “We have to analyze very carefully what the March forecasts will be. It is the most important data …
Britain said it would extend until the end of June the financial guarantee it has provided to ensure British applicants to the Horizon Europe scientific research programme receive funding while negotiations continue on rejoining the scheme. Under a Brexit trade deal signed in late 2020, Britain negotiated access to a number of EU science and …
Friday’s February U.S. jobs report will shed more light on the strength of the labor market, and investors will be watching Federal Reserve Chairman Jerome Powell’s remarks to Congress for new insights into the future direction of interest rates. Equity markets will remain volatile, the central banks of Japan, Canada and Australia will gather and …
China has “the confidence and ability” to keep the consumer price index (CPI, the main indicator of inflation) below the 3% limit set for 2023, according to the National Development and Reform Commission (NDRC), the country’s top economic planning body. The rate of CPI growth experienced by China in 2022 “contrasted sharply with high inflation …
Markets up this Monday -Ibex 35, CAC 40, DAX…- in an intense week again as far as macro data is concerned. Little by little we are approaching the key week of central banks, with the decisions of rates of the European Central Bank (16 March) and the US Federal Reserve (Fed), March 22. As for …
China set a modest economic growth target for this year of around 5 percent, according to a government work report, at the start of the annual session of the National People’s Congress (NPC) on Sunday, which will launch the biggest government overhaul in a decade. In a document, outgoing Premier Li Keqiang said it was …
Distribution giant Carrefour (EPA:CARR) will propose to customers of its 5,945 stores in France from March 15 to June 15 a basket of 200 basic products at prices of less than two euros as a device against inflation that fears that it will continue to rise in food. In an interview published today by Le …
China set a modest economic growth target for this year at around 5 percent, according to a government work report released on Sunday at the start of the annual parliamentary session of the National People’s Congress (NPC). In the report, outgoing Premier Li Keqiang said it was essential to prioritize economic stability, setting a goal …
The proportion of salaried women with temporary contracts fell to 20.6% of all female workers in 2022, a year-on-year decrease of 7.2 points driven by the regulatory changes of the labor reform, in force since the last days of 2021. Temporality is the labor indicator that has improved the most for women in the last …
U.S. Federal Reserve officials commented on Thursday whether recent data showing higher-than-expected inflation, employment and spending were an “anomaly” or a sign that even higher interest rates may be needed to curb rising prices. Separate comments from Fed Governor Christopher Waller and Atlanta Fed President Raphael Bostic raised a fundamental question for the next phase …
The recovery in business activity in the euro area accelerated in February as growth accelerated in the services sector, the bloc’s most important, a survey showed on Friday, the latest indication that the currency bloc will avoid a recession. S&P Global’s composite reading of the purchasing managers’ index (PMI), considered a good barometer of the …
Core consumer price inflation in Tokyo, Japan’s capital, slowed in February on the effect of government energy subsidies, although an index stripping out the fuel effect hit a new three-decade high in a sign of rising inflationary pressure. Other data showed Japan’s unemployment rate hit its lowest level in three years in January (2.4%), suggesting …
Activity in China’s services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 restrictions revived customer demand, driving a solid rise in employment, a private-sector survey showed on Friday. Caixin/S&P Global’s services purchasing managers’ index (PMI) rose from 52.9 in January to 55.0 in February, marking a …
“We will have another rise at the next meeting. Inflation is very high, we have to take the necessary measures to reduce it. I repeat, inflation is too high.” This is how resounding Christine Lagarde, president of the European Central Bank (ECB), has shown herself this Thursday in an interview on Antena 3 TV. The …
The Egyptian government on Friday increased fuel prices by more than 10%, one of the latest measures taken by the country’s authorities and which occurs amid galloping inflation that exceeds 26% and that joins a deep depreciation of the local currency. The Ministry of Petroleum Egypt announced in its quarterly review the rise in the …
Social Security added 88,918 affiliates on average in February, the largest increase in employment for this month since 2015, while the number of unemployed registered in the State Public Employment Service (SEPE) increased by 2,618. According to data published on Thursday by the Ministry of Inclusion, Social Security and Migration, with this growth in employment, …
China is increasingly ambitious with its 2023 growth target of 6 percent in a bid to boost investor and consumer confidence and build on a promising post-pandemic recovery, according to sources involved in the discussions. Four of the sources said China would likely aim for growth of up to 6 percent, while three others said …
Today the CPI data in the Eurozone are published, figures that the European Central Bank (ECB) will look at with a magnifying glass in the face of its interest rate decision on March 16. We will also know the minutes of the last meeting of the ECB. The business earnings season continues. Oil is trading …
Intense week in the markets, with investors very aware of different macro data that we are knowing. Investing.com Spain intervened yesterday in the online program of finance and markets Krolus TV. Laura Sánchez, editor-in-chief of Investing.com Spain, participated in the program presented and hosted by José Basagoiti to analyze the current situation of the financial …
Advance CPI data for February are published today in Spain, France and Portugal. The business earnings season continues. The petroleum Up. Cryptocurrencies move with falls this morning. Here are the five factors that investors should consider today when making their decisions: 1. Inflation in EuropeThis week we will be watching for inflation data in several …
Global stocks fell and bond yields hit multi-year highs on Tuesday after consumer prices hit a record high in France and accelerated in Spain, raising expectations that central banks would continue to tighten monetary policy. In France, EU-harmonized consumer prices rose to a record 7.2 percent in February, while in Spain EU-harmonized 12-month inflation was …
Spanish bank Santander (BME:SAINTIt plans to return half of its profits to shareholders over the next three years in the form of cash payments and share buybacks, it announced on Tuesday, while raising its medium-term financial targets. In the presentation of its new three-year strategy, Santander assured investors that the increase in revenues, driven by …
The Swiss economy did not grow in the fourth quarter of 2022, the government announced on Tuesday, as the “difficult international situation” hit the manufacturing sector and exports. The 0% growth rate was lower than forecasts and slowed from the 0.2% increase in the third quarter, said the State Secretariat for the Economy (SECO), which …
A series of U.S. data and euro zone inflation figures will shed more light on the short-term path of interest rates. China’s PMI data will show how the economic recovery of the world’s second-largest economy is going after the Lunar New Year festivities. Equity markets will keep an eye on the Federal Reserve’s monetary policy …
The Tax Agency plans to recover the traditional inspection activity after the “break” of the pandemic and this year will focus especially on the real estate construction sector, with particular attention to rehabilitation and reform activities. The Agency has published on Monday the Annual Tax and Customs Control Plan for 2023, which specifies the measures …
The committee of experts for tax reform prepared a year ago a guide to move towards a simpler, greener and more progressive tax system, but the need to tackle inflation has resulted in a series of general measures and “patches” that distance and even contradict its recommendations. The professors and members of the committee of …
The European Investment Fund (EIF) has agreed with CaixaBank (BME:CABK) and with MicroBank, which specialises in microcredit, the provision of guarantees worth €637 million to support Spanish SMEs. In a statement, CaixaBank reports that this agreement, the first of InvestEU’s portfolio of guarantees signed in Spain, will allow these two financial institutions “to mobilize more …
The finance ministers and central banks of the G20 seek in their first meeting for this period a common agreement to seek debt relief, although the group maintains differences, said on Saturday the vice president of the Spanish Government and Minister of Economy, Nadia Calviño. “Discussions are ongoing and I think we are making progress …
The importance of renewables in the transformation of the European production model has turned the decarbonization process into an opportunity for the Old Continent to recover its photovoltaic solar industry more than a decade after its relocation to Asia. To achieve this, the region aims to recover its industrial capacity at the top of the …
European markets in green this Friday -Ibex 35, CAC 40, DAX…- waiting for another of the key data in the United States that the US Federal Reserve (Fed) looks at with a magnifying glass: the PCE (personal consumption price index). “In principle, it is expected that both the PCE as your underlying have moderated slightly …
The chief executive of JPMorgan Chase & Co (NYSE:.JPMJamie Dimon predicts U.S. interest rates could reach 6%, he said Thursday in an interview with CNBC. The Federal Reserve has sought to quickly curb runaway inflation and would likely halt interest rates by a little more than 5%, but they may have to rise higher, Dimon …
Economist and academic Kazuo Ueda, who will become the next governor of the Bank of Japan (Boj) on April 9, said today that the current monetary policy of the entity is “appropriate” in the current economic context of the country. In his first appearance before parliament in view of the approval of his appointment, Ueda …
The European Central Bank may still have to raise interest rates significantly after March as inflation, particularly core price growth, remains too high, Bundesbank President Joachim Nagel said on Friday. Although headline inflation is well below its peak, core price growth, a key indicator of inflation’s durability, rose to an all-time high of 5.3% last …
Germany’s economy contracted more than expected in the final three months of 2022 as inflation and the energy crisis took their toll on household consumption and capital investment. The German economy contracted 0.4% in the fourth quarter of 2022 from the previous three months, the statistics office said on Friday. Preliminary data from the office …
Japan’s core inflation hit a new 41-year high in January as businesses passed on rising costs to households, official data showed on Friday, keeping the country’s central bank under pressure to gradually scale back its massive stimulus program. The data underscore the dilemma monetary leaders face in the face of soaring fuel and staple prices, …
Three fires broke out at facilities in Mexico and the United States operated by Mexican state oil company Pemex on Thursday, leaving five missing and eight injured as of Thursday night. Five people were missing after a fire at a storage facility in Veracruz state that had sent three others to a hospital, the company …
German consumer confidence will improve in March for a fifth straight month thanks to falling energy prices, a survey by the GfK institute showed on Friday. The institute said its consumer confidence index improved to -30.5 ahead of March, above February’s revised reading of -33.8, but slightly lower than an average forecast of -30.4 that …
The United States releases revised fourth-quarter gross domestic product data, a day after Federal Reserve minutes indicated frustration as markets try to force it into an early pivot. Other central banks around the world carry out their own pivots, Korea has stopped raising rates and Turkey cuts them. Nvidia (NASDAQ:NVDA) encourages the chip manufacturing sector …
China’s top anti-corruption body vowed on Thursday to “firmly” pursue bad practices in the financial sector, days after a well-known Chinese businessman became the latest executive to go missing without explanation. In a strong comment posted on its website, the Central Commission for Discipline Inspection (CCDI) vowed to “seriously punish … to corrupt elements” in …
As food prices rise, Americans are cutting back on purchases of other products, such as toys, clothing and household items, in a trend that is struggling for retailers. Comments made this week by Walmart (NYSE) executives:WMT) and other retailers show how Americans are changing their shopping habits and looking for opportunities in the face of …
The United States will seek to “quickly” nominate a World Bank presidential candidate who is committed to the institution’s poverty reduction mission as well as loan reforms to fight climate change and other global challenges, U.S. Treasury Secretary said on Thursday. Janet Yellen. At a news conference ahead of a meeting of G20 financial leaders …