The U.S. stock market is wrapping up a turbulent year on a positive note, as investors anticipate interest rate cuts by the Federal Reserve in the coming year. Both the benchmark S&P 500 and the Dow are hovering around record-highs, with the Nasdaq also edging closer to its one-year peak. This bullish sentiment comes as
Economy
Vietnam’s economic growth has experienced a significant slowdown in 2023, dropping to 5.05% from 8.02% the previous year. This disappointing performance was influenced by weak global demand and a decline in public investment due to an intensified anti-graft campaign. The country’s export sector, which heavily contributes to its overall GDP, witnessed a decline of 4.4%
Asian stocks are poised to break a two-year losing streak on the last trading day of the year, as investors remain optimistic about the Federal Reserve’s potential interest rate cuts in the coming year. Despite a relatively flat performance on Friday, MSCI’s broadest index of Asia-Pacific shares is expected to end the year with a
The Ukrainian economy has long relied on financial support from international donors to sustain its growth and development. Recently, news broke that Ukrainian Prime Minister Denys Shmyhal had reached out to international donors requesting an emergency meeting. This development has raised concerns about the country’s economic stability and its ability to secure sufficient external financing
In a move that is set to face opposition in Congress, Brazil’s Finance Minister Fernando Haddad has unveiled tax adjustments aimed at limiting benefits across various sectors and ensuring fiscal compensation. The package intends to replace an approved bill that was previously vetoed by President Luiz Inacio Lula da Silva but overturned by Congress. While
China’s central bank, the People’s Bank of China (PBOC), has acknowledged the challenging external environment the country is facing. In a statement after a quarterly meeting of its monetary policy committee, the PBOC highlighted the slowdown in the international economy, trade, and investment, as well as falling inflation and high interest rates in developed countries.
The dollar’s decline has been widespread, with the Japanese yen, euro, and pound all reaching their strongest positions against the U.S. currency in five months. The driving force behind this trend is the expectation that the Federal Reserve will aggressively cut interest rates in 2024, thus avoiding a recession. As a result, the dollar index,
Chinese smartphone giant Xiaomi has set its sights on a new frontier – the electric vehicle market. With the unveiling of its first electric sedan, the SU7, Xiaomi aims to become one of the world’s top five automakers, ushering in a new era of innovation and competition. Despite the challenges and uncertainties that lie ahead,
Japan’s industrial production took a hit in November as factory output declined. This decline has raised concerns about the outlook for Japan’s export-reliant economy. According to data from the Ministry of Economy, Trade and Industry (METI), industrial production fell 0.9% in November compared to the previous month. While this reading was better than the median
The U.S. fixed income market is expected to see better times in the coming year, thanks to a fourth-quarter rally that saved bonds from a third consecutive annual loss in 2023. Fueling these gains are expectations of rate cuts by the Federal Reserve. However, while investors are optimistic about falling rates and higher bond prices,
The recent ruling by a U.S. appeals court to temporarily lift the ban on importing Apple Watches into the United States has sparked discussions about the implications for consumers and the future of Apple. In this article, we will analyze the case, explore the impact on U.S. Apple Watch sales, delve into the accusations against
The U.S. stock market has shown signs of strength as the S&P 500 inches closer to its all-time high. Optimism fueled by the prospect of early interest rate cuts by the Federal Reserve has driven the benchmark index towards a record-breaking performance. This article delves into the market’s recent gains, the impact of potential rate