The US inflation rate, as measured by the PCE Price Index, remained steady at 2.5% year over year in July. Despite this, the US Dollar is gaining strength due to the robustness of the American economy. The labor market remains a focal point for the Federal Reserve as they prepare to make decisions for September.
China’s foray into the world of top-tier video games has reached new heights with the phenomenal success of Black Myth: Wukong, an action game set in mythological China. In just three days after its launch on Aug. 20, the game sold over 10 million units, shattering world records and making waves in the gaming industry.
China plays a critical role in the Australian economy, accounting for one-third of Australian exports. With over 50% of Australia’s GDP linked to trade, any changes in China’s manufacturing sector can have a significant impact on the Australian dollar. In this article, we will analyze the recent data from China’s manufacturing sector and how it
Recently released data from the Ministry of Finance in Japan has shown a positive trend in corporate spending on plant and equipment. In the second quarter, there was a significant increase of 7.4% year-on-year, indicating a strong commitment from businesses to invest in their operations. This data is crucial as it will play a role
The housing market in New Zealand is expected to see a significant turnaround in the coming year, with house prices forecasted to rise by 6%. Despite a recent decline, prices are still relatively high, being only 19% below their peak in November 2021. The aggressive interest rate rises that had been implemented earlier did not
The correlation between the party affiliations of U.S. presidents and economic growth has long been a subject of research and discussion. While some studies have indicated a link between the party in power and economic performance, it is essential to recognize that economic growth is influenced by a myriad of factors. Global economic conditions, technological
In August, while overall inflation in the Euro Area retreated, services stood out with the highest annual rate at 4.2%. This increase from the previous month raises questions, especially due to a possible “Olympic effect” in France, where the Paris Games may have temporarily boosted services costs. This unexpected boost in services costs adds a
Chinese President Xi Jinping emphasized the importance of maintaining a stable, healthy, and sustainable relationship between China and the United States during a recent meeting with U.S. national security advisor Jake Sullivan. Despite the escalating tensions between the two countries in recent years, Xi expressed China’s commitment to the goal of fostering positive relations with
Gold has been facing a significant challenge at the $2525 per ounce mark on the spot market, struggling to break through this glass ceiling for the past couple of weeks. However, a pattern of smaller pullbacks and more frequent rallies towards this resistance level indicates the existence of impressive buying pressure in the market. This
The recent US PCE report has had a significant impact on gold prices, causing them to fall below the $2,500 mark. This drop has raised the likelihood of a rate cut by the Federal Reserve in September. The Fed’s cautious approach to policy easing has created uncertainty in the markets, with many traders now expecting
As Brazil enters its dry season, the country is grappling with a drop in reservoir levels at hydroelectric plants. Despite the development and growth of wind and solar power sources, hydroelectric plants still provide more than half of Brazil’s power supply. The local power regulator, Aneel, has decided to introduce an additional charge on electricity
China’s manufacturing sector experienced a significant slowdown in August, reaching a six-month low according to an official factory survey. The official purchasing managers’ index (PMI) dropped to 49.1 in August from 49.4 in July, falling below the 50-mark that distinguishes growth from contraction. This decline was unexpected, as it missed the median forecast of 49.5