China’s central bank kept interest rates unchanged
The People’s Bank of China (PBOC) decided to keep its benchmark interest rates unchanged for September, aligning with market expectations. The one-year loan prime rate (LPR), which serves as the reference for most corporate and household loans, remained at 3.35%,...
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Japan’s annual inflation rate increased
Japan’s annual inflation rate climbed to 3.0% in August 2024, up from 2.8% in the previous quarter and reaching its highest level since October 2023. The increase highlights rising price pressures across key sectors, driven by escalating costs for energy,...
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UK Consumer Confidence Index Drops
The GfK Consumer Confidence Index in the UK has dropped sharply to -20 in September 2024, marking its lowest level in six months. This significant decline follows two months of stability at -13, defying earlier expectations of continued steadiness. The...
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Crude Oil Price Volatility Rises
WTI crude oil futures fluctuated around $70.8 per barrel on Thursday, as the market reacted to the potential for supply disruptions stemming from escalating tensions in the Middle East. Prices attempted to recover from the previous session’s losses, with traders...
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Gold Hits New Record High!
The price of gold reached a new all-time high yesterday, surpassing $2,573 per ounce, as a combination of factors, including the Federal Reserve’s decision to cut interest rates, boosted investor demand for the precious metal. The 50-basis point cut in...
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