Category Finance

UBS says gold is its “Most Preferred” in its global asset allocationWSJ opinion piece argues the Fed should cut by a 50bp, not 25BoA analysts are not expecting much clarity from the FOMC this weekICYMI – China quietly slipped out very weak data over the weekendReminder – there…

Check out this week’s Small Business Breakdown, a live show covering the latest hot topic important to small business owners nationwide. This week, our experts discuss whether politics is leading to a “fairly pessimistic” outlook among small business owners right now. After you’re done watching this week’s show,…

The key us data this week is on Tuesday, with the Federal Open Market Committee (FOMC) announcement following the next day. UBS are eyeing the retail sales and industrial production data, saying that weakness in these could potentially influence the Fe decd to cut its Fed Funds rate…

Both China and Japan are closed today, Monday, September 16, 2024: Chinese and Japanese markets are closed today, Monday, September 16, 2024, for holidays As a ps. South Korea is closed today also. China will also be closed tomorrow, Tuesday, September 17, 2024. We’ll not be getting a…

Data from China for August economic activity was terrible. Weak consumption was reflected in very slow retail sales growth. A previous bright spot, industrial production, decelerated also. Youth unemployment remained wedged at 17.1% Home prices slumped at their sharpest rate in a year. My post from the weekend…

Analysts at Bank of America are not expecting clarity on the Federal Reserve’s rate path ahead from the Summary of Economic Projections (SEthat’ll be published on Wednesday alongside the rate cut decision. Nor are they expecting much guidance from Federal Reserve Chair Powell’s pres conference. BoA say that…

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BNZ – BusinessNZ Performance of Services Index (PSI) for August 2024 is 45.4 prior 45.2remains in contraction, now for 6 months in a row – longest period since the global financial crisis average over the history of the survey is 53.2 BNZ’s Senior Economist Doug Steel: smoothing through…

Data via property website Rightmove in the UK September average asking prices for homes increased by 0.8%, double the average for the time of year in the series and the biggest for the month since 2016. -1.5 August For the y/y +1.2% prior +0.8% Rightmove cited the market…

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