Author: Admin
The European Central Bank (ECB) released the accounts of its latest monetary policy meeting on Thursday, revealing growing concern among policymakers over persistent inflationary risks. The discussions show a consensus within the Governing Council that the risks surrounding the inflation outlook are skewed to the upside relative to the ECB staff’s baseline projections.The accounts indicate that headline inflation is expected to rise further over the summer and remain well above the 2% target through the first half of 2027. This outlook comes despite the projections already embedding almost three 25-basis-point interest rate hikes.Policymakers also noted that the outlook could prove…
Jeans maker raises its full-year outlook for the second straight time, but shares fall after hours
The Victorian Gold Rush of the 1850s was one of the most transformative events in Australian history and one of the most significant gold rushes the world has ever seen. What began as a series of discoveries in southeastern Australia quickly turned into a global phenomenon, drawing hundreds of thousands of prospectors in search of fortune. While the frenzy of gold digging has long since faded, the impact of the Victorian Gold Rush continues to shape the way gold is sourced, valued, and circulated today. The Discovery of Gold in Victoria Gold was first discovered in Victoria, Australia, in 1851,…
Gold and silver are the two most widely held precious metals, and the question of which to buy, or how to split between them, is one most investors encounter at some point. Both metals have served as stores of value for thousands of years, both are used as inflation hedges, and both are held by investors looking to diversify outside the traditional financial system. But they behave quite differently. Gold is the more stable of the two: lower volatility, deeper liquidity, and a well-established role as a safe-haven asset. Silver is more dynamic: more volatile, more sensitive to economic conditions,…
Brown Brothers Harriman’s (BBH) Elias Haddad highlights an extended broad rally in South Korean Won (KRW) as Korean equities underperform, reducing rebalancing outflows. Haddad sees an encouraging outlook, with KRW about 11% undervalued on Real Effective Exchange Rates (REER) metrics and the Bank of Korea (BoK) poised to start hiking at its July 16 meeting. A new 24-hour onshore KRW market and a roadmap for won internationalization should bolster long-term demand.Rebalancing, hikes and internationalization”KRW broad rally extended, mirroring the underperformance in the KOSPI so far this month. The logic is that as Korean equities underperform and their weight in global…
Despite soaring housing costs, younger buyers are finding a way in.
The USD/JPY pair trades with mild losses near 162.35 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as traders continue to watch for signs of possible intervention by Japanese authorities to support the currency. The Federal Reserve’s (Fed) June meeting minutes will be released later on Wednesday.Expectations for further US rate increases have eased following weaker-than-expected Nonfarm Payrolls (NFP) data, weighing on the Greenback. Federal Reserve (Fed) Bank of New York President John Williams said on Tuesday that he has grown a little less worried about the state of price pressures in the economy…
The two lead underwriters on SpaceX’s initial public offering, Goldman Sachs and Morgan Stanley, have a valuation gap of more than $1 trillion as they both initiated coverage at buy.
MON: BoC Business Outlook Survey (Jul), German FactoryOrders (May), Swiss Unemployment Rate (Jun), EZ Construction PMI (Jun), RetailSales (May), PPI (May), US Composite/Services PMI Finals (Jun), ISM ServicesPMI (Jun) TUE: EIA STEO (Jul), Japanese Household Spending(May), German Industrial Production (May), French Balance of Trade (May), USADP Weekly Employment Change, Balance of Trade, RCM/TIPP Economic Optimism(Jul), Canadian Balance of Trade (May) WED: Fed Minutes (Jun), RBNZ Policy Announcement(Jul), Swedish CPIF (Jun), GDP (May), NBP Policy Announcement (Jul), USWholesale Inventories (May) THU: ECB Minutes (Jun), Banxico Minutes (Jun), ChineseInflation (Jun), German Balance of Trade (May), Mexican Inflation (Jun), USJobless Claims, Existing Home…
Parents will be able to sign a child up for the investment account at birth.