The manufacturing sector plays a crucial role in the overall economic performance of the Eurozone. Although it contributes less than 40% to the region’s economy, any negative trends in this sector can have significant implications. This article examines the recent developments in the manufacturing sector and analyzes the potential impact on inflation, interest rates, and
China’s significant role in the Australian economy has been a topic of concern for many economists and investors. With China accounting for one-third of Australian exports, any drop in demand from China will undoubtedly have a significant impact on the Australian economy and the value of the Aussie dollar. In this article, we will analyze
The Bank of Israel has made the decision to lower short-term borrowing rates, marking the first time in almost four years that the central bank has eased monetary policy. This move makes Israel the first developed country to lower interest rates. While the bank cited a stabilisation of financial markets since the outbreak of the
Peru’s inflation rate for the year 2023 closed at a mere 3.24%, marking the lowest annual rate in three years, according to official data revealed on Monday. This slight rise in consumer prices in December brought a glimmer of hope for the country, which is currently grappling with a severe economic recession. The central bank
Brazil’s Vice President Geraldo Alckmin recently announced a set of government measures aimed at revitalizing the country’s economy and boosting investment in transportation and machinery. These initiatives are part of President Luiz Inacio Lula da Silva’s plan to “re-industrialize” Brazil, which has been struggling to recover its industrial output since the pandemic. The government intends
In a televised New Year’s speech, President Xi Jinping outlined China’s plans to consolidate and enhance its positive economic recovery trend in 2024. As the country navigates through the challenges posed by the ongoing pandemic, Xi emphasized the need for deeper reforms to sustain long-term economic development. This article delves into President Xi’s vision for
The European and US markets are facing a critical week ahead due to various economic indicators and events that could potentially impact the central bank’s rate cut expectations. Factors such as manufacturing activity, inflation, and the labor market play a significant role in shaping the monetary policy outlook. This article will analyze the upcoming data
China’s manufacturing sector has faced yet another setback as activity contracted for the third consecutive month in December. The official purchasing managers’ index (PMI), which measures the health of the sector, fell to 49.0, indicating a contraction and undershooting the median forecast of 49.5. This unexpected decline raises concerns about China’s economic recovery and strengthens
In recent months, China has taken a different approach to stabilize the yuan compared to its actions in 2015. Back then, the People’s Bank of China (PBOC) resorted to official intervention and burned $1 trillion in reserves to support the currency. However, this time around, as China’s economy faced challenges and capital outflows intensified, the
The year 2023 was marked by mixed performance for the US Dollar Index (DXY), which experienced periods of rangebound trading. While it enjoyed some bullishness early in the year, crossing to the weakside of the 200-day moving average later caused a shift towards bearishness as the year came to an end. In this article, we
As we look ahead to the year 2024, traders in the foreign exchange market are bracing themselves for a more dovish stance from the Federal Reserve (Fed). This shift in sentiment has been fueled by the central bank’s recent rhetoric, with a particular focus on potential rate cuts in the first half of the year.
The U.S. stock market ended 2023 on a high note, with the S&P 500 posting an annual gain of just over 24%. This substantial increase has market strategists optimistic about the potential for further gains in the coming year. The strong performance of 2023 has historically had a positive impact on subsequent years, driven by