Sign in Subscribe

Economy

Japan's Wage Growth Strengthens Case for BOJ Rate Hike

Japanese workers' base salaries saw their largest increase in over three decades in September, bolstering the Bank of Japan's (BOJ) view that the economy is on a recovery path and supporting the case for a rate hike in the coming months, reports Bloomberg. The pace of gains

Bank of England Cuts Rates, But Sees Higher Inflation After Budget

The Bank of England (BoE) cut interest rates on Thursday for only the second time since 2020, but signaled that future reductions would be gradual, citing the impact of the new government's first budget, reports Reuters. The Monetary Policy Committee voted 8-1 to lower rates to 4.75%

UK Gilt Yields Rise as Government Hints at Fiscal Rule Changes

The UK government's borrowing costs have risen on global financial markets, following news that Chancellor Rachel Reeves is considering changes to Britain's debt rules, reports The Guardian. Reeves, ahead of next week's budget, is expected to announce at the International Monetary Fund's

China's Stock Rally May Have Legs, Says Goldman Sachs

Chinese stocks are showing signs of life again after a volatile year, and this time, the rally may have staying power, according to a note published by Goldman Sachs. Despite recent gains fading after a September surge, the bank suggests that several factors point to further upside potential in Chinese

Chinese Think Tank Floats $280 Billion Stock Market Stabilization Fund

A prominent Chinese policy think tank has recommended the establishment of a massive 2 trillion yuan ($280 billion) stock market stabilization fund to be financed by special treasury bonds, reports Reuters. The proposal, outlined in a quarterly economic report by the Institute of Finance & Banking, affiliated with the prestigious

ECB Policymakers Shift Focus to Inflation Undershoot Risk

In a noticeable shift in tone, European Central Bank (ECB) policymakers are increasingly expressing concern over the risk of inflation falling below their 2% target, reports Reuters. This comes after years of grappling with excessively high inflation. While eurozone inflation dipped to 1.7% last month and is projected to

Investors Shun China in Emerging Markets, Embrace 'Ex China' Funds

A growing wave of investors are turning their backs on China within the emerging markets landscape, opting for funds that exclude the world's second-largest economy, reports the Financial Times. This shift, fueled by concerns over escalating geopolitical tensions and the potential for sanctions, marks a significant change in

IMF Cuts China Growth Forecast, Warning of Worsening Property Crisis

China's growth forecast for 2024 has been downgraded by the International Monetary Fund (IMF), which cites a deepening property crisis as a key risk to the global economic outlook, CNBC reports. The organization now predicts China's economy will expand by 4.8% this year, down 0.

Fed Walks Tightrope Between Growth and Inflation

The Federal Reserve finds itself at the crossroads of satisfying Wall Street's desires and adhering to its dual mandate of maximum employment and 2% inflation. Recent developments and statements from Fed officials have highlighted the complexities of this balance. The September Rate Cut and Its Aftermath In September,

Goldman Sachs: US Recession Fears Recede as Job Market Shines

The US economy is showing remarkable resilience, leading Goldman Sachs to significantly downgrade its recession probability forecast. Citing a robust job market and strong economic activity, the investment bank now predicts only a 15% chance of a recession in the next 12 months, down from its previous estimate of 20%