U.S. Treasury Secretary Scott Bessent called on Japan’s new government to give its central bank room to deal with inflation – a stance that contrasts sharply with his domestic advocacy for the Federal Reserve. Bessenet posted on social media on Wednesday: “Whether the government is willing to give the Bank of Japan some policy space […]
This week, Europe will undergo a rigorous economic health check to help gauge the impact of US tariffs on growth and inflation as policymakers meet to set interest rates. The key event is the release of the eurozone’s preliminary third-quarter gross domestic product on Thursday, which will come just a few hours before the European […]
Copper prices rose to a record high as the United States and China are on the verge of reaching a comprehensive deal to ease trade tensions and alleviate a major risk to global economic growth. The global benchmark price on the London Metal Exchange rose by 0.9% to $11,065.50 per ton, just $50 short of […]
As optimism about further appreciation of the renminbi has risen, Chinese banks helped their clients sell off foreign currencies at the fastest pace since 2020 last month. According to official data released on Wednesday evening, in September, lending institutions net sold $51.8 billion of foreign exchange on behalf of their clients, marking the largest monthly […]
Asian stock markets fell and gold prices dropped. They opened at a record high this week but declined due to concerns over corporate earnings and trade tensions. The MSCI Asia ex-Japan equity index hit a record high on Monday along with gold prices, but then fell back by about 0.6%. This reflected the decline in […]
Gold and silver prices continued their sharp decline from record highs, while Asian stocks fell after the Wall Street rally showed signs of fatigue. Gold prices dropped by as much as 2.9% before trimming losses, posting their biggest intraday decline in more than a decade on Tuesday. Silver prices also fell, after dropping 7.1% in […]
A new study released by Morgan Stanley shows that investors hoping to profit from a “Goldilocks” environment of rising US stocks but limited losses in the Treasury market should short the US dollar. This scenario for US assets is one of eight scenarios analyzed by the bank when conducting a historical review of the correlation […]
The central bank of Italy, the eurozone’s third-largest economy, has cut its growth forecast for next year due to pressure on exports from global trade tensions. According to the latest forecast released by the Bank of Italy on Friday, the country’s gross domestic product (GDP) is expected to grow by only 0.6% next year, down […]
Olli Rehn, a member of the European Central Bank’s governing council, said that the inflation outlook for the eurozone faces two-way risks and stressed that he and his colleagues have retained full flexibility on interest rates. Finnish officials told Bloomberg Television on Thursday that, in the medium term, faster economic growth could push up consumer […]
According to Japanese media citing a group interview, US Treasury Secretary Scott Bessent said that if the Bank of Japan continues to implement the correct monetary policy, the yen will stabilize at an appropriate level. According to Kyodo News and Nikkei, Bessenet refused to comment on the yen’s exchange rate. This month, the yen has […]