Stock futures slump on wories of faster Fed rate hikes
S&P 500 futures are down 42 points shortly ahead of the open while Nasdaq futures are down 195 points. The US dollar is up to the best levels of the…
Blinken: US will not be provoked by China’s actions
China’s actions are a significant escalation There are serious concerns that Beijing actions will destabilise the region US will continue to make maritime transits through Taiwan strait After all the…
FOREX TODAY: DOLLAR RECOVERS MODESTLY AHEAD OF HIGHLY-ANTICIPATED NFP DATA
Here is what you need to know on Friday, August 5: The dollar weakened against its rivals amid falling US Treasury bond yields on Thursday but managed to regain its…
IRON ORE, STEEL PRICE PARE LOSSES AMID MIXED CONCERNS OVER RECESSION, CHINA AHEAD OF US NFP
Iron licks wounds during the sixth loss-making week, steel prices seesaw around monthly high. Fears of weak demand from China joins central bank aggression to weigh on prices. Steady decline…
Purchasing power: „We are at the peak of inflation, it will start to fall in 2023,” says Olivier Véran
Inflation worries the French, and the government spokesman, Olivier Véran, warned BFMTV this Thursday, July 28, during a trip to Sublaines, Indre-et-Loire: „What the Minister of Economy and Finance says…
The US Federal Reserve raised the base rate by 75 b.p. – to 2.25-2.5%
The leadership of the US Federal Reserve System raised the interest rate on federal funds (federal funds rate) by 75 basis points, now its range is 2.25-2.5% per annum, according…
The cost of imported crude oil by India will exceed $ 100 billion this year – the agency
India’s total crude oil purchase bill for the current fiscal year (which ends on March 31) is estimated to exceed $100 billion, nearly double that of the last fiscal year.…
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