Europe is facing a critical risk of falling behind the United States and China in the field of artificial intelligence (AI) due to its heavy focus on regulating the technology rather than innovating in the space. Prince Constantijn of the Netherlands expressed his concern about the continent’s limited ambition of being good regulators, which is
The ASX 200 experienced a sharp decline of 1.01% on Wednesday, signaling a bearish trend in the market. This drop can be attributed to a variety of factors affecting investor sentiment and market dynamics. The hotter-than-expected Australian inflation numbers were a key driver behind the negative performance of the ASX 200. The Monthly CPI Indicator
In recent days, crude oil prices have shown a strong upward movement, surpassing the $80.00 resistance level. The price broke through the $80.00 mark, but encountered resistance as it approached higher levels. Upon examining the 4-hour chart of XTI/USD, it can be seen that the price has managed to settle above both the 200 simple
BoJ Deputy Governor Ryozo Himino emphasized the significant impact of exchange-rate fluctuations on economic activity, stating that it affects inflation beyond just import prices. The Bank of Japan may need to adopt a more hawkish stance to stimulate buyer demand for the Yen. With this in mind, can the economic indicators coming out of Japan
Amidst choppy early trade on Wednesday, Asian stocks struggled to find stability as investors awaited a key U.S. inflation reading. The yen lingered just below the 160 per dollar level, prompting concerns of potential intervention by Japanese authorities. Adding to the uncertain climate, hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations
Cisco is expressing a great deal of optimism regarding its business expansion with Chinese electric car companies as they continue to expand overseas. According to Ming Wong, vice president and CEO of Cisco Greater China, the electric vehicle (EV) segment is currently the second-largest for the U.S. tech giant in the region. Chinese EV-makers have
Recent hints from the Bank of Japan (BOJ) suggest that a change in its monetary policy approach may be on the horizon. The central bank is considering the possibility of increasing its quantitative tightening (QT) plan, which could be accompanied by an interest rate hike. This potential shift comes as the BOJ aims to gradually
The short term Elliott Wave analysis for XAGUSD (Silver) suggests that the cycle from the 5.20.2024 high remains in progress as a double three structure. This means that the market is currently undergoing a complex correction pattern. Wave Count Details Breaking it down further, wave ((a)) ended at 30.03 and wave ((b)) rally ended at
The Indian Rupee has been showing signs of strength against the US Dollar due to the weaker performance of the greenback in recent trading sessions. This has been attributed to the potential boost in India’s inflows, which could contribute to the appreciation of the INR. However, the upside for the Indian Rupee may be limited
Recently, Boeing made an enticing proposal to acquire Spirit AeroSystems Holdings. This acquisition deal, mainly funded by stock, values Spirit AeroSystems at approximately $35 per share. The offer provides a premium of nearly 6% over Spirit’s stock closing price on Monday, which was $33.07. Additionally, it represents a substantial 22.4% upside from Spirit’s closing price
The Jibun Bank Services PMI unexpectedly fell from 53.8 to 49.8 in June, marking the first contraction since August 2022. This decrease in the PMI, coupled with the slowest pace of output price inflation in seven months, has raised concerns about the Japanese economy. The Bank of Japan (BoJ) may need to reconsider its monetary
It is crucial to note that the CB Consumer Confidence Index dipped below 100 in April for the first time since July 2022. This drop was largely attributed to consumer concerns about inflation by Dana M. Peterson, the Chief Economist at the Conference Board. The Consumer Confidence Index serves as a key indicator of the