RBA Keeps Cash Rate Unchanged for Ninth Straight Meeting
The Reserve Bank of Australia (RBA) opted to retain its cash rate at 4.35% during its final meeting of 2024, marking the ninth consecutive gathering where borrowing costs were held steady in line with market expectations. This decision reflects the...
Read more
China’s Trade Surplus Soars in November 2024
China’s trade surplus surged significantly to USD 97.44 billion in November 2024, up from USD 69.45 billion in the same month a year earlier. This substantial increase exceeded expectations, surpassing forecasts of USD 95 billion and marking the largest trade...
Read more
Australia’s Business Confidence Drops Sharply in November 2024
Australia’s National Australia Bank (NAB) business confidence index experienced a notable plunge to -3 in November 2024, down from a near two-year high of 5 in the previous month. This decline marks a significant shift in the country’s economic sentiment,...
Read more
Donald Trump: Aftermath of 2024 Presidential Victory
On September 20, 2024, Donald Trump unexpected victory in the U.S. presidential election triggered a wave of changes across global financial markets. From surging cryptocurrency values to a revitalized U.S. economy, his win seems to have profound implications on both...
Read more
Cathie Wood Predicts Bitcoin’s Next Big Milestone
Cathie Wood, the visionary founder of Ark Invest and a renowned financial market analyst, has once again highlighted Bitcoin’s transformative potential. Wood views Bitcoin’s rise to $100,000 not merely as a price achievement but as a groundbreaking shift in the...
Read more
China’s Producer Prices Decline by 2.5% in November 2024
China’s producer prices fell by 2.5% year-on-year in November 2024, marking the 26th consecutive month of producer deflation. However, the drop was softer than October’s 2.9% decline and came in below market expectations of a 2.8% fall, reflecting Beijing’s ongoing...
Read more
China’s Annual Inflation Rate Eases to 0.2% in November 2024
In November 2024, China’s annual inflation rate unexpectedly eased to 0.2%, down from 0.3% in the previous month, falling short of market forecasts of 0.5%. This marks the lowest inflation figure since June and highlights mounting deflation risks in the...
Read more
Japan’s GDP Expansion in Q3 2024
Japan’s GDP expanded by 0.3% on a quarterly basis in Q3 2024, surpassing the flash data and market forecasts which anticipated a 0.2% growth. This positive result follows a downwardly revised 0.5% increase in Q2, marking the second consecutive period...
Read more
Japan’s Account Surplus Declines in October 2024
In October 2024, Japan’s account surplus saw a decrease to JPY 2,456.9 billion, down from JPY 2,823.9 billion in the same month a year earlier. Despite this decline, the surplus was higher than the market estimates, which had anticipated a...
Read more
Steady Growth in Average Hourly Earnings for November 2024
In November 2024, average hourly earnings for all employees on private nonfarm payrolls increased by 13 cents, or 0.4%, reaching $35.61. This growth matched October’s pace and exceeded market expectations of a 0.3% rise. The steady monthly increase highlights ongoing...
Read more
