Euro zone inflation slowed more than expected in January. The debate over the European Central Bank’s (ECB) rate hike trajectory is likely to heat up. The Eurozone Consumer Price Index (CPI) rose 8.5% in January from the same month last year, according to Eurostat, the European Union’s statistics agency, on Thursday. Economists had expected an … Read more
In China, COVID-19-related deaths plummeted during the Lunar New Year holidays. This was announced by the Chinese Center for Disease Control and Prevention (CDC). The surge in travel has increased the risk of the spread of infection nationwide. According to the center, there were 6,364 deaths related to the new coronavirus at medical institutions nationwide … Read more
With signs of a recession emerging in the U.S. economy, the Federal Open Market Committee (FOMC) will likely change course and cut interest rates sooner and more aggressively than financial markets are pricing in, according to HSBC Asset. Management predicts. The firm’s global chief strategist, Joseph Little, said rate cuts could reach 1 percentage point … Read more
In the bond market, the yield on newly issued 10-year bonds remained at the 0.47% level, near the Bank of Japan’s maximum allowable limit of 0.5%. Although there are speculations about revisions to monetary policy and concerns over the 10-year bond auction on February 2, the market was supported by the Bank of Japan’s regular … Read more
U.S. real gross domestic product (GDP) figures for the fourth quarter of last year increased at a faster pace than expected. However, the Fed’s aggressive rate hikes risk slowing growth this year, and underlying demand is showing signs of slowing. Key Point Preliminary real GDP for October-December increased by 2.9% year-on-year compared to the previous … Read more
Click here for past articles on domestic market conditions. Click here for indicators. Japanese stocks rise for 3 days in a row, weaker yen tailwinds economic and earnings expectations – both domestic and foreign stocks are high (The full article isherePlease click to view) The Tokyo stock market rose for three consecutive days. Excessive caution … Read more
Widespread cold spells hit China last week, with temperatures set to record lows on Friday, the country said. Temperatures in Mohe, a city in northern China’s Heilongjiang province, dropped to minus 53 degrees Celsius on the same day. Local weather officials posted on their official social media accounts. The lowest temperature ever recorded in China … Read more
Dutch central bank governor Knott, a member of the European Central Bank (ECB) policy committee, said the rate hike should continue by half a percentage point at the next two meetings, suggesting that the pace of rate hikes is far from slowing down. rice field. “We reduced rate hikes from 75 basis points (bp) to … Read more
The National Association of Realtors (NAR) announced that December 2022 U.S. used home sales were down from the previous month, the lowest level in more than a decade. It was one of the worst declines on record for a full year on the back of soaring loan rates. Key Point December resale home sales fell … Read more
While President Biden “looks forward to discussing a range of issues” with House Speaker McCarthy, raising the debt ceiling is not up for negotiation, the White House said Wednesday night. “As the president has repeatedly said, raising the debt ceiling is not subject to negotiation. It is the duty of this country and its leaders … Read more