Despite the overall strength of the job market, workers’ confidence in their employers’ business outlook has reached its lowest level since 2016, according to the Glassdoor Employee Confidence Index. The decline in the index suggests that job security is a major worry for employees heading into 2024. Layoff announcements by big technology firms like Amazon,
The EUR/USD currency pair is currently experiencing minimal fluctuations as it consolidates around the 1.0840 level. Traders and investors are closely watching the upcoming meeting of the US Federal Reserve System, which is expected to be the pivotal event of the week. This meeting will provide crucial insights into whether the Fed plans to lower
The recent inflation numbers for Tokyo have shown a softer-than-expected rate of inflation, reducing the pressure on the Bank of Japan (BoJ) to take immediate action. The annual inflation rate has eased from 2.4% to 1.6%, and core inflation has declined from 2.1% to 1.6%. However, the BoJ is closely monitoring wage growth and household
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
The GBP/USD pair continues to struggle to find a clear near-term direction, oscillating within a familiar trading range. Traders are treading cautiously as reduced bets for an early Bank of England (BoE) rate cut lend some support to the British Pound (GBP), while uncertainty surrounding the Federal Reserve’s (Fed) rate-cut path holds back any definitive
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
The Federal Open Market Committee (FOMC) held its last meeting in December 2024 and decided to keep interest rates unchanged. This decision was accompanied by a signal for several rate cuts throughout 2024. However, as we approach the next FOMC meeting, there are mixed opinions among Fed representatives regarding the appropriate course of action for
The recent report by the Commerce Department has revealed that inflation is cooling in the United States. With a reading of 2.9% yearly, there has been a decline of 0.3% when compared to the previous month’s inflation level. This indicates that the recent restrictive monetary policy of the Federal Reserve has made an impact on
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
Small cap stocks have been struggling this year, with the Russell 2000 underperforming and declining by two percent. While the S&P 500, Dow, and Nasdaq 100 have been reaching new all-time highs, small caps have been left behind. However, market technician Katie Stockton from Fairlead Strategies believes that this underperformance is just a temporary setback.
LVMH, the world’s largest luxury group, experienced a significant surge in its shares, with a jump of more than 12% on Friday morning. This sudden increase came after the company announced higher-than-expected sales for the year 2023, along with an increase in its annual dividend. LVMH, known for its iconic brands such as Louis Vuitton,
The US Dollar Index showed bullish behavior on January 26, gaining 0.18% and reaching 103.321. This upward movement was primarily fueled by positive U.S. economic data. The Advance GDP growth exceeded expectations at 3.3%, suggesting a robust U.S. economy. Although the Unemployment Claims slightly surpassed forecasts at 214K, they still indicated a stable job market.