Stock prices
South Korean stocks endured a third consecutive losing session on Tuesday as investors exercised caution ahead of the highly anticipated U.S. inflation data release. The anticipation of the Federal Reserve's monetary policy decision weighed heavily on the market. The local currency, the South Korean won, also slipped
Stock prices
European stock markets showed resilience as they recovered from last week's losses, with the exception of Germany, whose DAX 40 index slipped 0.23% to close at 24,024.78 points. The U.S. annual inflation rate for July came in below market expectations, fueling optimism among investors.
Economic conditions
The Russian economy has slowed significantly in recent years, with the country's GDP growth expected to be between 1 to 2 percent this year, a substantial decline from the 4.7 percent growth in 2022. Despite this slowdown, Russia has enough financial resources to continue funding its military
Economic growth
The Bank of England lowered interest rates by a quarter point to 4% on Thursday, but the decision was met with a narrow 5-4 vote, highlighting divisions within the Monetary Policy Committee. The move was expected to boost growth, but the central bank warned that inflation is likely to peak
Economic growth
Prime Minister Pham Minh Chinh has outlined a comprehensive economic growth strategy for Vietnam, focusing on boosting economic growth, controlling inflation, and maintaining macroeconomic stability. Despite positive results in several sectors, the government recognizes that additional efforts are necessary to meet annual targets, particularly through innovative thinking and decisive action.
Economic growth
The Philippine Statistics Authority (PSA) is set to release official July inflation data, which is expected to show a slowdown in headline inflation to as low as one percent, driven by base effects and moderating food prices. This would be the fifth straight month that inflation stays below the Bangko
Tariffs
According to China Chamber of Commerce for Import & Export of Machinery and Electronic Products, John Williams, president of the Federal Reserve Bank of New York, has warned that the US economic growth rate is expected to slow to 1% this year. Williams also predicts that the unemployment rate will
Tariffs
President Donald Trump's tariffs have pushed up the cost of a range of goods, including furniture, clothing, and large appliances, according to the U.S. Labor Department. Consumer prices rose 2.7 per cent in June from a year earlier, the highest level since February. The uptick in
Tariffs
The US inflation rate soared to 2.7 percent in June, marking its highest level since February, as President Donald Trump's sweeping tariffs push up the cost of goods, including furniture, clothing, and large appliances. The sharp inflation spike, exacerbated by the pandemic, poses a significant challenge for
Tariffs
Wall Street remains on edge as President Trump's updated tariffs raise concerns about a potential recession and impact on international trade. Despite the uncertainty, stock indexes in the U.S. and abroad showed mixed results, with the S&P 500 climbing 0.1% to approach its all-time
Tariffs
China's economic growth is likely to face significant challenges in the second half of the year, with many economists predicting a slowdown due to the ongoing trade war with the US. Despite a strong first half of the year, with a forecasted growth of 5.3 per cent,
Economic growth
Latin American insurer ratings are likely to remain stable, despite concerns over the potential impact of slower economic growth resulting from the ongoing trade war, according to Fitch Ratings. While Mexico will be the most affected region, other countries in Latin America may also experience lower economic growth and weaker
