Inflation and the US presidential election are projected to be the primary factors influencing global markets this year, with traders expressing their concerns in a recent survey conducted by JPMorgan. While the market initially saw hope in slowing inflation leading to significant rate cuts by central banks, recent events have prompted a reevaluation of these
Economy
In an interview with Yasser Rezvi, the head of asset liability management at the Inter-American Development Bank (IDB), it was revealed that the bank is planning to offload the risk on some loans in order to expand its lending capacity. This new approach involves shifting away from issuing hybrid bonds, a strategy that the IDB
Asian markets are preparing for a wave of economic data from the Asia-Pacific region on Monday. Investors are eager to react to the strong U.S. employment numbers from Friday, as well as address the growing concerns surrounding China’s economy. This article will analyze the potential impact of the economic data on Asian markets and explore
Italy is taking a major step towards its renewable energy goals by investing in Enel’s photovoltaic (PV) panel factory in Sicily. Prime Minister Giorgia Meloni announced the allocation of 90 million euros ($97 million) from the National Recovery and Resilience Plan (NRRP) to support the expansion of the factory and establish a new production line.
The dollar index is on track for its first weekly decline this year, as lower U.S. bond yields reshape the financial market. Traders are closely watching the U.S. jobs data expected later today, as it may provide insights into when the Federal Reserve will begin easing rates. The decline in the dollar index is driven
Indian Prime Minister Narendra Modi’s government is set to present its final budget before elections, with an emphasis on fiscal prudence and infrastructure spending. The budget for the financial year 2024/25 will be announced by Finance Minister Nirmala Sitharaman, and is expected to lay out the government’s economic vision for the country for the next
In a recent survey conducted by Lloyds Bank, it was revealed that British businesses recorded the highest level of confidence in nearly two years at the beginning of 2024. This news comes as positive for the Bank of England (BoE) ahead of its upcoming interest rate decision. However, despite increased staffing plans, wage growth does
Asian shares experienced a decline on Tuesday after property giant China Evergrande was ordered to undergo liquidation. The court-ordered liquidation intensified concerns about the nation’s fragile property market, leaving investors on edge. The situation surrounding Evergrande Group raises questions about its future and how its impact will ripple throughout the Chinese real estate sector. The
The recent court order for the liquidation of China Evergrande Group is expected to have a far-reaching impact on China’s financial markets. The move comes as policymakers struggle to contain the deepening crisis in the country’s property sector. With over $300 billion in total liabilities, Evergrande is the world’s most indebted developer. Its default on
Hungary is facing a crucial decision regarding a potential technical change in the calculation of loan repayment rates. This change aims to reduce borrowing costs and stimulate economic growth. However, it has faced criticism from the Bank of Hungary, raising concerns about its effectiveness and impact on policy maneuverability. Finance Minister Mihaly Varga revealed in
China’s major southern city of Guangzhou has recently taken a bold step in revitalizing its property market by fully relaxing home purchase limits for certain individuals and increasing the supply of affordable housing. This move marks Guangzhou as the first tier-one city to significantly relax its purchase restriction policy, and is expected to have a
Japan’s core inflation rate in Tokyo has fallen below the central bank’s 2% target, signaling the continuation of easing cost pressures in the months ahead. While corporate service inflation remains steady at a nine-year high, rising service prices are gradually replacing escalating costs as the primary driver of price gains. This article analyzes the latest