In March, core inflation in Tokyo showed a slowdown, raising concerns about the Bank of Japan’s ability to raise interest rates. The core consumer price index in Tokyo rose by 2.4% in March, matching market expectations, but slowing from the previous month. This, along with a broader price trend indicator slowing to 2.9%, suggests that
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Chinese smartphone company Xiaomi has announced the launch of its first electric car, the SU7, in an attempt to compete with established players like Tesla in the fiercely competitive electric vehicle market in China. The CEO of Xiaomi, Lei Jun, revealed that the SU7 will be priced significantly lower than Tesla’s Model 3, igniting a
UBS CEO Sergio Ermotti made a whopping 14.4 million Swiss francs in 2023, a staggering amount that equals $15.9 million in the US. This massive sum comes after his unexpected return to lead the Swiss banking giant once again. Ermotti stepped back into the role following the absorption of troubled competitor Credit Suisse. The announcement
Monetary policy plays a crucial role in guiding economic activity and maintaining price stability. The Federal Reserve sets a price stability target of 2% and uses the short-term interest rate as a primary policy tool to achieve this target. Economic data, such as GDP figures and labor market conditions, are closely monitored to make informed
The USDCAD pair rebounded during the Asian session on Wednesday, rising to around 1.3590 after experiencing two days of losses. This uptick was primarily driven by a stronger US dollar and lower crude oil prices, putting pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 was attributed
The Japanese Yen has faced challenges in capitalizing on a modest recovery against the US Dollar, with traders showing concern about potential interventions by Japanese authorities to support the domestic currency. The Bank of Japan’s cautious approach and uncertain outlook for future rate hikes have limited the JPY’s ability to appreciate further. In contrast, the
The Bank of Japan recently made a historic decision to end its negative interest rates policy after eight years of ultra-loose monetary policy. However, a summary of opinions from the bank’s March meeting revealed that many policymakers felt the need to proceed slowly in phasing out this policy. Some members expressed concerns about the economy’s
When it comes to making financial decisions, it is crucial to conduct thorough due diligence before taking any actions. The information available on various platforms, including websites, newsletters, and publications, should be treated as a starting point for research rather than as definitive advice. It is essential to consult with competent advisors, analyze the information
President Xi Jinping’s meeting with American business leaders in Beijing at the Great Hall of the People was a strategic move by the Chinese government to woo back foreign investors and reassure international firms about the impact of new regulations. It is evident that Beijing is making efforts to boost the growth of the world’s
The Financial Conduct Authority (FCA) in Britain recently announced guidelines for financial services companies and social media influencers regarding the creation of memes related to cryptocurrencies and other investments. This move by the FCA aims to combat the increasing number of scams in the financial sector. The FCA stressed the importance of ensuring that marketing
The USDJPY pair is once again trading higher, challenging the high set on October 21, 2022. Recent events have injected bullish momentum into the market as intervention risks loom. With the pair comfortably above the 150 mark, the potential for intervention from Japanese authorities is increasing. In terms of momentum indicators, the Average Directional Movement
The ASX 200 Index saw a slight increase, nearing the 7,800 mark, as it recovered from previous losses. The Health Care and Consumer Staples sectors were the top performers, with notable gains in companies such as Aft Pharmaceuticals, Botanix Pharmaceuticals, Skin Elements, and Wingara AG. However, Australian shares faced a slip at the open, mimicking