Last Monday Japanese authorities were swift to attempt to re-establish some order in the markets by taking a less hawkish stance on raising interest rates in the short term. It’s
The week of 5th-9th August 2024- Payrolls plateau. Nikkei plummets
Last week, the Bank of Japan raised interest rates, The Bank of England cut and the Fed stayed pat! Bank of Japan Governor Ueda sounded quite hawkish in his conference
The week of 29th July – 2nd August 2024- Interest rate announcements galore
Last week, the Bank of Canada cut interest rates by a quarter of one percent to 4.5%, US GDP impressed at 2.8% q.o.q and US Headline PCE receded to 2.5%
The week of 22nd-26th July 2024- President Biden gives way.
In a courageous move, faltering President Joe Biden has announced that he will not stand again for President and has endorsed Vice President Kamala Harris for the Democratic nomination.
Markets Slump Overnight Following Biden’s Withdrawal from Presidential Race
Asian stock markets declined overnight after Joe Biden announced his exit from the 2024 US presidential race.
What happened overnight – Thursday 18th July 2024
Asian equities declined as investors worried about escalating trade tensions between the US and China.
What happened overnight – Wednesday 17th July 2024
Stocks and the dollar showed little movement while gold hit a new record amid expectations of a US interest rate cut and the possibility of another Donald Trump presidency.
What happened overnight – Tuesday 16th July 2024
Asian stocks were mixed as investors grappled with weak economic data from China and awaited the outcome of a key Communist Party policy meeting in Beijing.
The week of 15th-19th July 2024- Fed Chair Powell downplays inflation- JP Morgan’s Dimon highlights it!
Early Monday morning markets are reacting to the shock of former President Trump’s lucky escape from an assassination attempt. Cryptos spiked on Sunday morning. Gold which rallied on Friday is
What happened overnight – Monday 15th July 2024
Asian markets displayed mixed reactions as investors considered the implications of the assassination attempt on Donald Trump. China announced that its economy grew at a slower-than-expected annual rate of 4.7%
What happened overnight – Friday 12th july 2024
The yen experienced significant volatility, swinging between losses and gains as investors reacted nervously to potential intervention by Tokyo following a cooler-than-expected US inflation report.
What happened overnight – Wednesday 10th July 2024
Japan’s Nikkei 225 share index closed Wednesday at a new record high, gaining 0.6% to finish trading at 41,831.99.