Investors assessed that rate setter Isabel Schnabel’s less hawkish stance contributed to a fall in eurozone government bond yields after inflation data failed to settle the debate over the European Central Bank’s September rate decision. Bond prices, which move in inverse correlation with yields, are expected to remain in a narrow range ahead of U.S. […]
Euro Zone Yields Set to Fall Week, Focus On US Data Read More »
Following Wednesday’s volatile action, major currency pairs remained relatively quiet early Thursday. Following the release of the Monetary Policy Meeting Accounts by the European Central Bank (ECB), market participants will watch the Eurozone inflation figures closely. The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditure Price Index (PCE), will be featured on the
EU/US Inflation Data Remain the Driving Force Read More »
Bond investors who have repeatedly lost money buying 20-year Treasuries since the U.S. government started reissuing them in 2020 are confident this time will be different. Asset management firm PGIM Fixed Income is one of several fund managers looking to make windfall gains by buying 20-year bonds that yield about 15 basis points more than
Investors Bet on 20-Year Treasuries to Rebound Read More »
Elon Musk, the owner of X (formerly known as Twitter), is not a fan of the Federal Reserve. He often criticizes the central bank for raising interest rates. He even tweeted that they could be “the most devastating in history” last December. But the Fed does not mind Musk’s negative comments. In fact, they rather
How X is a Treasure Trove for Economists Read More »
The US dollar gained ground on Tuesday as traders weighed the contrasting economic outlooks for the world’s two largest economies. China’s trade data for July showed a sharp decline in both imports and exports, indicating a weak recovery from the pandemic. Meanwhile, the US economy appeared to be more resilient, despite the Fed’s aggressive rate
Dollar Strengthens as China’s Trade Data Disappoints Read More »
The dollar was little changed on Monday after a mixed US employment report failed to spark any significant market reaction. Traders shifted their focus to the upcoming inflation data from the US and China, which could provide some clues on the economic outlook and the monetary policy stance of the two largest economies. US Jobs
Dollar Holds Steady as Traders Await Inflation Data from US and China Read More »
This year should have been a golden opportunity for oil bulls, but it has proven just as tricky to trade as any other. China’s rebound from the lockdown and Western governments’ halt of tapping strategic oil reserves should have helped push prices higher, but by mid-year, they had fallen by more than $10 a barrel.
How Rising Interest Rates And OPEC+ Cuts Are Setting Up Oil For A Volatile Year? Read More »
TikTok, the popular short video app, has found a way to thrive in Indonesia, the world’s fourth most populous country. By partnering with local e-commerce platforms and offering live shopping events, TikTok has become a destination for millions of Indonesians to discover and buy products. TikTok’s e-commerce strategy in Indonesia But while TikTok’s success in
How TikTok is Betting on E-commerce to Survive in the US Read More »
China has just thrown a wrench into Europe’s plans to go green. The Asian giant is going to limit the exports of some crucial minerals that are used in many high-tech and low-carbon industries. This could spell trouble for the European Union, which is trying to decarbonize its economy and reduce its dependence on foreign
How China’s Mineral Export Ban Could Derail Europe’s Green Ambitions Read More »
The yen put up a fight on Tuesday, but it was still on shaky ground as markets waited for the big guns of real FX intervention to show up. Meanwhile, the Aussie dollar took a dive after the central bank of Australia decided to sit on its hands and keep interest rates steady. Markets expect
Yen fights back, Aussie falls as RBA holds rates Read More »
