Capital Market Giants Bet on All Assets Appreciating Against the Dollar
Investors believe the greenback is falling as US interest rates reach a high and the Fed’s tightening begins to hurt the world’s largest economy. AllianceBernstein and UBS Asset Management expect the yen, kiwi, and emerging-market currencies like the Brazilian real and Colombian peso to rise. The dollar’s resiliency defied bears who predicted a multi-year collapse…
The Chinese economy took a hit in June, with exports falling 12.4% and imports down 6.8%.
China’s exports fell 12.4% year-on-year in June, while imports declined 6.8%, indicating manufacturers struggle to find consumers amid rising prices and interest rates. A Reuters survey predicted a 9.5% export decline and 4.0% import decline. China’s post-pandemic rebound has faltered, and analysts are reducing their forecasts for the remainder of the year as manufacturing output…
In 2023, will rent decrease?
Although the rate of increase has lessened, housing costs continue to be the largest contributor to inflation. After many substantial hikes, rent rose 0.5%. Rent rose 8.3% annually, down from 8.7% last month. Based on new contracts, economists predict rent hikes to decrease, while current leases have yet to catch up. During the same time…
Inflation decreases once more in June as grocery price gains stall
After peaking at 9.1% a year ago, U.S. inflation has decreased by two-thirds. However, reducing yearly consumer price rises to the federal government’s desired 2% will be harder. In June, flat grocery prices somewhat offset a rise in fuel prices and still-high rent increases, lowering inflation for the 12th straight month. The Federal Reserve’s preferred…
June inflation fell 0.2%, reducing consumer anxieties about price rises.
In June, inflation reached its lowest annual rate in over two years due to a cost slowdown and comparisons to a 40-year high. The consumer price index rose 3% year-over-year, the lowest since March 2021. Core CPI climbed 4.8% year-over-year and 0.2% monthly without food and energy costs, with estimates 5% and 0.3% higher. The…
Asian markets climb, dollar falls as traders anticipate US inflation data.
Asian shares rose and the dollar fell to a two-month low on Wednesday, ahead of U.S. inflation data that may indicate the Federal Reserve is ending its aggressive rate rise approach. The Japanese yen rose against most major currencies, reaching 139.43 versus the dollar. The MSCI’s broadest Asia-Pacific ex-Japan index increased 0.61%, while Australia’s S&P/ASX…
Rates Alerts : Market Wrap By China Stimulus Boost
The S&P 500 and Nasdaq 100 faced challenges in building on small advances, raising concerns about the world’s largest economy potentially entering a recession. Treasury rates and a dollar index fell for a third day, while European and US central bankers signaled they have reached a turning point in the fight against inflation. Stock bulls…
Even as dealmaking stalls, US banks post increased profits.
Wall Street banks are expected to report stronger second-quarter profits as growing interest payments offset a dealmaking slowdown. Universal banks like JPMorgan and Wells Fargo are expected to report EPS increases of more than 40%, while BAC.N’s EPS may rise over 7%. Citigroup is predicted to fall 43% behind its peers in EPS. Goldman Sachs’…