The markets have kicked off the new week cautiously due to reports of an assassination attempt on former President Donald Trump. This unsettling news has set a tone of caution in the markets as investors navigate through uncertain waters. While the economic calendar for the day does not include any high-impact data releases, all eyes
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China’s second-quarter GDP growth of 4.7% fell short of expectations, with a Reuters poll forecasting a 5.1% increase. This indicates a slower pace of economic expansion than anticipated. The underperformance in GDP growth could have adverse effects on various sectors of the economy, impacting both businesses and consumers. Retail Sales and Industrial Production June retail
Pakistan’s benchmark share index rose by 1.44% to hit a record high after the International Monetary Fund (IMF) and Pakistan reached a staff level agreement (SLA) for a $7 billion, 37-month loan program. This milestone comes after negotiations that began in May and culminated in the agreement. The market has almost doubled since Pakistan signed
Gold prices have been on a decline, reaching around $2,405 in Monday’s early Asian session. The unexpected acceleration of the US Producer Price Index (PPI) in June, reaching its highest rate since March 2023, has contributed to this downward trend. The rise in wholesale price inflation in the United States has put pressure on the
China’s economy experienced a slowdown in the second quarter of the year, with data showing a growth rate of 4.7%. This figure was lower than the analysts’ forecast of 5.1% and also down from the 5.3% expansion seen in the previous quarter. The slow growth can be attributed to a protracted property downturn and job
The recent events surrounding the attempted assassination of former President Donald Trump have cast a shadow over Asian markets. The impact of these political tensions on trading and investing in Asia remains uncertain. This article will explore the potential repercussions of this incident and other significant factors affecting Asian markets. Market Reaction to U.S. Political
Pacific Island nations are facing a financial crisis as Western banks withdraw from the region, citing lack of profitability. This has raised concerns about the potential vacuum that China could fill in this strategic region. The World Bank, with the backing of the U.S. and Australia, is developing a $77 million lifeline to provide emergency
Former Chairman of the Sovereign Ratings Committee at Standard & Poor’s, John Chambers expressed his shock at the assassination attempt on former President Trump. He raised concerns about a potential resurgence of political violence similar to that of the 1960s in the United States. Despite this, Chambers believes that the strong U.S. institutions will prevent
The recent shooting incident at U.S. former President Donald Trump’s election rally has sent shockwaves through the market, with investors speculating on the potential impact on the upcoming election. Despite the assassination attempt on Trump, his odds of winning back the White House have been raised, leading to an increase in trades betting on his
The recent softening of labor market conditions, as stated by Fed Chair Powell during his Capitol Hill testimony, has raised concerns among investors. With the Fed now focusing on the possibility of further weakness in the labor market, it indicates a shift in their outlook compared to previous statements. This change in stance could have
The recent rally in Butler, Pennsylvania took a terrifying turn when an assassination attempt targeted Former President Donald Trump. With multiple shots fired, one bullet ripped through the upper part of his right ear, causing chaos and panic. The quick response of the Secret Service led to the shooter, identified as a 20-year-old man from
In a surprising move, billionaire CEO of Tesla, Elon Musk, publicly endorsed Donald Trump for the first time in the U.S. presidential race. Musk took to social media to express his support for the Republican former president, referring to him as “tough” and endorsing him for the upcoming election. This public endorsement marks a significant