The recent tankan survey conducted by the Bank of Japan revealed that business sentiment among big Japanese non-manufacturers has improved to a level not seen in over three decades. This positive development in the first quarter offers hope to policymakers that domestic demand will play a crucial role in supporting the fragile economic recovery. The
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As we move into the second quarter of the year, the Federal Reserve may have new incentives to cut rates even deeper. According to Canaccord Genuity’s Tony Dwyer, a deteriorating jobs market and easing inflation will likely push the Fed to take more aggressive action. Dwyer believes that while they may not need to return
The collapse of Baltimore’s Francis Scott Key bridge has left the city in turmoil, with the port economy at a standstill and thousands of jobs on the line. The urgent need for federal funding to rebuild the bridge and reopen the port is critical for the economic health of not only Baltimore but the entire
The salvage operation of Baltimore’s collapsed Francis Scott Key Bridge has commenced, with crews preparing to lift the first piece of the bridge from the water. This crucial step will allow barges and tugboats to access the disaster site and begin the process of reopening the blocked port. The steel truss bridge collapsed tragically, resulting
In a recent turn of events, Japanese health officials conducted a search at a Kobayashi Pharmaceutical factory following reports of five deaths possibly linked to dietary supplements containing red yeast rice. The Ministry of Health, Labour and Welfare, in collaboration with the City of Osaka, inspected the factory in Osaka that had produced the supplements,
Mark Yusko, the CEO and chief investment officer of Morgan Creek Capital Management, is making a bold prediction that Bitcoin will more than double in value this year to reach $150,000. This forecast is based on his belief that Bitcoin is the dominant token and a better form of gold. Yusko advises investors to “get
Following the tragic attack on a concert hall near Moscow, there has been a surge of migrant workers leaving Russia and returning to Tajikistan. This mass exodus is a direct result of the fear and panic instilled in the migrant community after the deadly incident. The Ministry of Labour, Migration, and Employment in Tajikistan reported
The Luxeed S7 electric sedan, a product of the partnership between Chinese tech giant Huawei and Chery Auto, has finally begun mass deliveries after facing setbacks due to semiconductor shortages and production issues. Richard Yu, managing director and chairman of Huawei’s smart car solutions, announced the commencement of deliveries through a post on the Weibo
In a surprising turn of events, Chinese telecommunications giant Huawei announced on Friday that its net profit for 2023 more than doubled compared to the previous year. The company credited this remarkable success to its superior product offerings that helped drive revenue growth by 9.6% year-on-year, reaching a whopping 704.2 billion yuan ($99.18 billion). The
The current Elliott Wave cycle in the S&P 500 (SPX) suggests that there is an ongoing 5-wave impulse wave that started from the low on January 6, 2024. The wave structure indicates that the index has been moving higher in an impulsive manner, with corrections in between each wave. Breaking down the wave count, the
The USD/JPY pair has managed to climb higher above the 150.50 and 151.20 resistance levels, showing signs of bullish momentum. There is a major bullish trend line forming with support at 150.60 on the 4-hour chart, indicating a positive outlook for the pair in the near term. The pair has broken key resistance levels and
Following recent inflation and retail sales figures, market participants are closely monitoring the commentary from the Bank of Japan (BoJ). BoJ Governor Kazuo Ueda and Board members have hinted at a gradual shift towards policy normalization in their speeches. However, any dovish comments from the central bank could prompt the Japanese government to intervene in