Category Archives: Market News (New)

Tokyo Core Inflation Rises, Factory Output Falls  In December, core inflation in Japan’s capital city rose, while inflation in services remained stable, according to data released on Friday, keeping market speculation alive that an interest rate hike could occur soon. However, factory production dropped in November for the first time in three months, signalling that […]

Economic Stagnant under Starmer’s Leadership  The ONS on Monday revised down its estimate for UK third-quarter GDP growth to 0.0% from the previously reported 0.1%, showing that Britain’s economy did not grow at all during the first three months of Prime Minister Keir Starmer’s government. This underlines a wider economic slowdown that has overshadowed the […]

Flat Retail Sales Weigh on GDP Growth  On last Friday, Canada’s retail sales in October came in slightly below expectations as increased new car sales offset weaker consumer spending at supermarkets, grocery stores, and wine shops.  Retail sales which encompass motor vehicles, clothing, furniture, food and beverages, and other categories rose by 0.6% in October, […]

BOJ Holds Rates Steady Amid Inflation Risks  Interest rates were left unchanged in the latest decision by the BOJ last Thursday, with its governor holding back from giving the strong guidance on when its borrowing costs may rise, thereby helping push the yen down while weighing on bond yields on renewed scepticism of an imminent […]

Fed Hold Rates Steady at 4.25% as Expected  On Wednesday, the Federal Reserve decreased the benchmark policy rate by 25 basis points, which has reached a range of 4.25%-4.50%. The officials hinted at the possibility of a pause in further rate cuts next year as labor market conditions remained stable and the inflation trends showed […]

Gold Falls on Dollar Strength, Fed in Focus  On Tuesday, gold slipped 0.25%, closing at $2646/ounces. This is mainly driven by the pressure from a strengthening U.S. dollar and climbing Treasury yields as investors focused on the Federal Reserve’s final policy meeting of the year with growing expectations of a gradual pace of rate cuts […]

Bank of England Remain Cautious in Rate Cut  On Monday, the Pound Sterling strengthened against the US Dollar after a business activity survey signalled rising prices in Britain, while investors prepared for a series of central bank meetings this week, including the Bank of England’s decision on Thursday. GBP/USD climbed 0.57%, closing at 1.2682.  (GBP/USD […]

Crypto Market Rallies on Trump’s Strategic Reserve Plan  Bitcoin surged to an all-time high above $106,000 on Monday after President-elect Donald Trump suggested that the United States would create a U.S. Bitcoin strategic reserve, like the country’s oil reserve. The news sent cryptocurrency enthusiasts into a frenzy. The cryptocurrency surged to an intraday high of […]

ECB Cuts Rates to 3% as Expected  The European Central Bank (ECB) lowered its benchmark interest rate by 25 basis points to 3% on Thursday, a decision widely anticipated by markets. This marks the fourth-rate reduction in 2024, with the central bank hinting at the potential for additional cuts as inflation nears its target and […]

CPI Data Align with Expectations  On Wednesday, the consumer price index rose 0.3% last month, same as the expectation of 0.3%, also marking the largest gain since April. The U.S dollar strengthened after CPI data came in line with forecasts, U.S dollar index rising 0.23% to close at 106.62.  (U.S Dollar Index Chart, Source: Trading […]