China is facing a challenging economic situation as its manufacturing activity fell for a second consecutive month in June. Additionally, services activity also reached a five-month low. The National Bureau of Statistics (NBS) reported a purchasing managers’ index (PMI) of 49.5 in June, which was consistent with the previous month and below the 50-mark indicating
admin
German Finance Minister Christian Lindner recently announced plans for significant personal income tax cuts to address the impacts of inflation. However, Lindner is facing pushback from members of his government coalition, including the social democratic SPD and the Greens. Despite this opposition, Lindner remains steadfast in his plans to implement tax cuts totaling 23 billion
As we enter the second half of the year, there is a sense of anticipation in the air regarding both value and growth stocks. Todd Rosenbluth, the head of research at VettaFi, suggests that value stocks may be on the brink of a bullish move after being overshadowed by growth stocks in recent times. According
A recent decision by U.S. District Judge Sean Jordan in Sherman, Texas, has temporarily blocked a Biden administration rule that would have extended mandatory overtime pay to 4 million salaried U.S. workers. This ruling has sparked debate and legal challenges, with significant implications for both employers and employees across the country. Legal Basis of the
Vietnam’s economy experienced a significant acceleration in the second quarter of this year, with gross domestic product expanding by an estimated 6.93% from a year earlier. This growth rate is faster than the 5.87% growth recorded in the first quarter, according to data released by the government’s General Statistics Office (GSO). The country’s economy expanded
The Nasdaq and the S&P 500 have hit record highs after an in-line inflation report provided hope for potential interest rate cuts in September. However, despite this positive development, certain key players in the market faced setbacks, such as Nike (NYSE:NKE) experiencing its largest one-day decline in over two decades due to a gloomy forecast.
Global equity funds experienced a significant increase in inflows during the week ending on June 26, marking the largest weekly net purchase since March 13. This surge was primarily driven by growing expectations of moderating U.S. inflation levels, which could potentially lead the Federal Reserve to announce interest rate cuts. Investors seem to be betting
The S&P 500 futures have shown an upward trend on Friday, signaling a positive sentiment among traders as they anticipate crucial inflation data. Notably, the Nasdaq has led the gains in June with a significant rise of 6%, while the S&P 500 and Dow have also added to their value by over 3% and 1%,
In recent years, the economic performance within the eurozone has been less than stellar. However, the latest data reveals a 0.3% quarterly growth in GDP last quarter, indicating that the bloc is not currently in a technical recession. Should a recession occur later in the year, it is projected to have a minimal impact and
The GBP/USD pair has recently experienced a decline below the 1.2670 support zone, signaling a bearish trend. The British Pound failed to sustain its momentum above the 1.2700 resistance level and has since dropped below key support levels. As indicated on the hourly chart of GBP/USD at FXOpen, there is a key bearish trend line
The CEO of Chinese smartphone company Honor, George Zhao, emphasized the critical nature of protecting user data when it comes to harnessing the power of artificial intelligence. In a recent exclusive interview with CNBC, Zhao highlighted how user privacy and data security play a pivotal role in ensuring the value and effectiveness of AI technologies.
The US Dollar (USD) has seen a resurgence in buyer interest as it climbs to a fresh two-month peak amidst softer US macroeconomic data. The USD Index (DXY) is currently trading above the 106.00 mark, showing a 0.15% increase for the day. Investors are closely watching the upcoming US inflation data for direction as they