UBS analysts have reiterated their confidence in a soft landing for the US economy, highlighting the downward trend in inflation and the Federal Reserve’s readiness to cut rates. They emphasize that consumer spending is playing a crucial role in bringing down inflation, despite some positive surprises in recent economic data. The Institute for Supply Management’s
The market breadth indicators for the Nasdaq 100 have shown improvement recently. After a slight decline, the percentage of component stocks above their 20-day and 50-day moving averages has increased to above 50%. This is a positive sign for the overall market sentiment as it indicates a potential uptrend in the short to medium-term. A
The recent fluctuations in U.S. Treasury yields have been influenced by investors closely monitoring the economic landscape as key data releases loom on the horizon. With the anticipated arrival of second-quarter GDP figures and June’s personal consumption expenditures price index, the Federal Reserve’s preferred inflation metric, market participants are keen on gaining valuable insights that
The Chinese electric truck startup, Windrose, is planning to establish a U.S. assembly plant for its semi-trucks starting in 2025. This bold move by founder and Chief Executive Han Wen directly challenges Tesla in its home market, signaling a potential return of Chinese electric vehicle companies to the world’s second-largest auto market. The decision to
In July, the Small and Medium Enterprise Index (SMEI) rebounded to 50.4, reflecting an improvement from the previous month. This rebound can be attributed to the recovery in expectations and credit conditions. According to economists, Hunter Chan and Shuang Ding from Standard Chartered, the increase in SMEI indicates a return to expansionary territory after a
Upon analyzing the Australian Stock Exchange (ASX) with COCHLEAR LIMITED – COH, it is evident that wave ((4)) – navy has formed a Triangle pattern. Wave ((5)) – navy is now primed for an upward movement, according to our observations. Looking at the 1D Chart (Semilog Scale), we can see that the major trend (Primary
It is interesting to note the lingering investor bets on a July Bank of Japan rate hike despite weaker growth forecasts. This indicates a level of optimism or confidence in the economic indicators that might influence the BoJ’s decision. The expectations for an increase in the Jibun Bank Services PMI from June to July suggest
In a surprising move, Berkshire Hathaway decided to trim its significant Bank of America holding for the first time in over four years. This decision came after the bank’s impressive performance in 2024. The conglomerate sold 33.9 million shares of Bank of America in separate sales over a span of three days, totaling almost $1.5
Ukraine recently made headlines with the announcement of a preliminary deal with a bondholder group to restructure a staggering $19.7 billion in debt. The ad hoc group, holding 22% of the bonds, has shown support for the restructuring plan, with an additional 3% of bondholders also indicating their approval. However, the key aspects of this
When browsing financial websites, it is crucial to understand that the content provided is for educational and research purposes only. The opinions expressed are not personalized recommendations, and should not be mistaken as financial advice. It is essential for individuals to conduct their own due diligence, exercise discretion, and seek advice from qualified professionals before
China made a surprising move by lowering a key short-term policy rate and benchmark lending rates in an effort to boost growth in its economy. This decision comes after the country reported weaker-than-expected second-quarter economic data and amid concerns about deflation, a property crisis, surging debt, and weak consumer and business sentiment. According to Larry
The New Zealand Dollar (NZD) has been facing downward pressure and there is potential for it to drop below the key level of 0.6000. According to UOB Group FX strategists Quek Ser Leang and Peter Chia, the recent movements in the NZD suggest a bearish trend. In the short-term outlook, when the NZD was trading