In the week ending July 5, foreign investors made significant investments in Japanese stocks, amounting to a net purchase of 916.05 billion yen. This surge was primarily driven by a market rally and the optimism surrounding solid corporate earnings in the second half of the year. The Nikkei share average saw a significant jump of
Economy
President-elect Prabowo Subianto of Indonesia is reportedly planning to increase the nation’s debt-to-GDP ratio to 50%, as long as tax revenues are also boosted. This proposed economic policy has sparked concerns among investors and economists, particularly given the potential impact on Indonesia’s credit rating. Prabowo’s brother and adviser, Hashim Djojohadikusumo, emphasized the importance of simultaneously
The dollar saw a slight decline following Federal Reserve Chair Jerome Powell’s indication that the U.S. central bank is nearing a decision to cut interest rates. Powell emphasized the need for further declines in inflation before making a final decision. This cautious stance taken by Powell comes as the consumer price index (CPI) data is
The Bank of England’s Chief Economist, Huw Pill, recently made remarks that cast doubt on the possibility of an interest rate cut in August. Despite headline inflation falling to the BoE’s 2% target in May, Pill highlighted the strong price pressures within Britain’s economy as a key factor to consider. He pointed to services inflation
Turkey’s Statistical Institute (TUIK) has faced criticism over its inflation data, raising concerns about the credibility of the figures. Historical data on product prices beyond May 2022 was not available, and there were questions about the transparency of the calculations. The recent release of data showing a decrease in annual inflation to below 72% in
The U.S. dollar is facing pressure as it lingers near a multi-week low against major peers following a weak jobs report. Investors are anxiously awaiting Federal Reserve Chair Jerome Powell’s testimony for hints on the future of interest rates. The euro, on the other hand, remains stable due to a hung parliament in France, signaling
Chip stocks rallied on Monday, propelling the Nasdaq and S&P 500 to record highs. Nvidia surged 2.5%, Super Micro Computer, a company that creates AI-optimized servers using Nvidia’s chips, soared nearly 9%. Intel also saw an increase of almost 6%. The Nasdaq hit a record high, while the S&P 500 rose modestly to set a
France’s left-wing New Popular Front (NFP) has recently emerged as the leading bloc in the next parliament, despite not having a working majority. This alliance is comprised of various parties, including the Communist Party, France Unbowed, the Greens, and the Socialist Party. Typically, the President would select a prime minister from the largest political force
As investors gear up for the new week, the prevailing sentiment is one of optimism and confidence. Last Friday’s U.S. jobs figures have continued to support the narrative of a “soft landing”, resulting in a decline in the dollar and bond yields. This, in turn, has fueled the ongoing “risk on” rally in global stock
The political parties in France have been caught off guard by President Emmanuel Macron’s decision to call for a snap parliamentary election. This move has led to a rapid reshaping of the political landscape in the country, with three major blocs emerging from the chaos. As the second round of voting approaches this Sunday, the
China’s leading electric vehicle automaker, BYD, has announced plans to acquire a 20% stake in Rever Automotive, its local distributor in Thailand. This move comes as part of BYD’s efforts to cement its position in the Thai market, where it has quickly risen to become the country’s top-selling EV brand. The acquisition signals BYD’s commitment
The upcoming U.S. presidential election is causing significant recalibrations in how bond investors view the future trajectory of yields in the market. After President Joe Biden’s underwhelming performance in the first debate against his Republican rival Donald Trump, yields saw a sharp rise, indicating speculation about a potential second Trump win on November 5th. This