Market

The U.S. dollar is on track to achieve substantial growth, with expectations pointing to a nearly 7% annual rise by the end of 2024. This positive trajectory is driven by robust U.S. economic performance and the Federal Reserve’s cautious approach toward reducing interest rates. The dollar index, which measures the greenback’s value against a basket … Read more

Singapore, Nov. 28 – Asian stocks retreated on Thursday as traders digested U.S. economic data suggesting that efforts to control inflation have hit a plateau, even as the country’s economy demonstrated continued resilience. The strengthening of the dollar and ongoing geopolitical uncertainties added to the cautious sentiment in global markets. With the U.S. Thanksgiving holiday … Read more

The U.S. budget deficit swelled to $1.833 trillion in fiscal year 2024, marking the third-largest deficit in American history, driven by rising debt interest payments and growing expenditures in key areas such as Social Security, healthcare, and military spending. This significant shortfall, which ended on September 30, 2024, reflects an 8% increase from the previous … Read more

China is facing increasing deflationary pressures as the country’s consumer inflation unexpectedly cooled in September, while producer price deflation deepened significantly. This trend is raising alarm bells for the world’s second-largest economy, putting pressure on the Chinese government to introduce more substantial stimulus measures to restore domestic demand and stabilize shaky economic growth. In a … Read more

Sept 20 – U.S. stock index futures edged lower on Friday, taking a breather from the previous session’s rally that set Wall Street’s main indexes on track for weekly gains. This pullback follows the Federal Reserve’s recent pivotal stance on monetary policy, which has been a major focus for investors throughout the week. A Historic … Read more