The US Federal Reserve (Fed) decided on Wednesday to hold interest rates in the 5.25% to 5.50% range for the fifth consecutive time, in line with market expectations. Officials added that they do not believe it is advisable to reduce the target range until they have gained more confidence that inflation is moving towards the […]
The dollar rises in value and other currencies react
The US dollar (USD) gained value against other currencies on Wednesday in Europe ahead of the Federal Reserve’s (Fed) latest monetary policy decision. The British pound (GBP) lost value after signs of cooling inflation in the UK, while the Japanese yen (JPY) continued to decline. Federal Reserve decision Federal Reserve policymakers are set to conclude […]
Bitcoin price continues to fall after reaching all-time high
The cryptocurrency market continues to suffer losses after a strong performance last month and the first few weeks of this month. Bitcoin (BTC), the cryptocurrency with the largest market capitalization, recorded losses of nearly 7% in the middle of the trading day on Tuesday, and its price is hovering around $62,000 per unit. The fall […]
Reserve Bank of Australia Holds Interest Rate
In its recent Tuesday meeting, the Reserve Bank of Australia (RBA) maintained the cash rate at 4.35% and the interest rate on exchange settlement balances at 4.25%, key rates that influence borrowing costs and economic activity. The Australian central bank noted a moderation in inflation rates, though they remain elevated due to factors such as […]
Bank of Japan raises interest rates for the first time in 17 years
On Tuesday, the Bank of Japan (BoJ) decided to raise its short-term benchmark interest rate to 0.1%. This is the first such measure taken in 17 years, and it comes alongside the withdrawal of other stimulus measures that were applied under its monetary policy program. The decision was made by the policy board of the […]
Eurozone Inflation Moderates in February
Headline inflation in the euro area moderated by nearly two-tenths in February on a year-over-year basis, reaching 2.6%. The core rate, which excludes volatile items such as energy, food, alcohol, and tobacco, to provide a clearer measure of long-term inflation trends, fell to 3.1% from 3.3%, its lowest level in two years, according to data from Eurostat, […]
China’s economic growth exceeds expectations
China’s latest economic data for January and February 2024 have exceeded analysts’ estimates. Notably, retail sales rose by 5.5%, surpassing forecasts of 5.2%. Similarly, industrial production grew by 7%, beating forecasts of a 5% increase. Labor market and investments: a mixed picture Fixed asset investment also exceeded expectations, rising by 4.2% compared to analysts’ predictions […]
Wall Street revaluates Nike’s price target pending results
Next Thursday, March 21, Nike B will release its results in reference to the third fiscal quarter of 2024. Wall Street analysts have renewed their price target for Nike B with a positive outlook, despite negative estimates According to Brand Finance’s 2023 Apparel 50 Annual Report, Nike was named the top sports brand worldwide for the ninth […]
Wholesale inflation rises in February and its impact on the U.S.
Wholesale prices increased at a faster-than-expected pace in February, another reminder that inflation continues to be a growing concern for the U.S. economy. The Producer Price Index, which looks at costs in the supply chain for raw, intermediate, and finished goods, rose 0.6% during the month, the Labor Department’s Bureau of Labor Statistics released Thursday. […]
Dollar Rallies on PPI Expectations, EUR on ECB Expectations
The U.S. dollar (USD) gained value in European market trading on Thursday, maintaining recent strength in anticipation of the release of further clues about U.S. interest rates relative to producer inflation along with retail sales data. The dollar Index (DXY), which tracks the value of the U.S. dollar against a basket of six major currencies, stood […]