Bond investors are beginning to show a selective interest in adding longer-dated maturities to their portfolios. This shift in strategy is driven by the belief that the Federal Reserve will choose to delay cutting interest rates and reduce them at a slower pace compared to previous easing cycles. The decision to keep rates unchanged at
Economy
Australia’s major banks are anticipated to report weaker first-half profits as operating costs remain high and competition for mortgage and deposit sales intensifies. This has led to a reduction in margins, putting a strain on overall profitability. Although historically, rising interest rates have been beneficial for the Big Four banks, the current scenario has forced
Australia’s Coles, one of the top supermarket operators in the country, has recently highlighted deflation in its fresh produce and meat products. This comes at a time when the overall cost of living crisis in Australia has been exacerbated by persistently high inflation rates. The moderation in price rises across its packaged categories reflects the
Wall Street experienced a day of volatile trading on Monday as investors awaited the Federal Reserve’s upcoming interest rate decision. Key players like Tesla and Apple saw gains in their stock values, propelling the consumer discretionary sector upwards. While Tesla shares climbed due to regulatory approvals for self-driving tech in China, Apple surged following reports
Bill Gates, the tech billionaire turned philanthropist, has been a key figure in the global fight against polio. Despite significant progress in reducing cases of the deadly viral disease, Gates warns that success in completely wiping out polio is not guaranteed. The $500 million pledge from Saudi Arabia to fight polio over the next five
Recently, Thai former energy executive Pichai Chunhavajira has been appointed as the country’s finance minister, tasked with the responsibility of revitalizing Southeast Asia’s second-largest economy. This decision comes at a crucial time for Thailand, as the economy has been facing numerous challenges, including high household debt, rising borrowing costs, and the impact of China’s economic
BHP Group is reportedly contemplating making an enhanced offer for Anglo American following the rejection of its initial $39 billion proposal by the London-listed miner. A source familiar with the matter disclosed that BHP is engaged in discussions regarding a revised bid for Anglo American that is expected to be presented in the upcoming weeks.
China’s industrial profits have taken a hit in March, with slower gains for the quarter compared to the initial two months of the year. Official data from the National Bureau of Statistics (NBS) revealed that cumulative profits of China’s industrial firms only rose by 4.3% to 1.5 trillion yuan ($207.0 billion) in the first quarter
Finance Minister Shunichi Suzuki expressed his concerns about the negative effects of the weak yen on Japan’s economy. While acknowledging that a weak yen can have both positive and negative impacts, Suzuki emphasized that he is currently more concerned about the negative effects. The weakening yen has led to an increase in import prices, resulting
The recent weakening of the Japanese yen to 155 per dollar has sparked concerns and speculation in the global market. With the Bank of Japan entering a two-day rate-setting meeting, traders are on edge, anticipating potential intervention from Tokyo. This development has significant implications for various currencies and markets worldwide. Market Speculation and Intervention The
Elon Musk recently found himself in hot water after making controversial comments aimed at an Australian senator. The conflict arose after Australia’s federal court ordered Musk’s platform X to temporarily stop showing video footage of a knife attack on an Assyrian bishop during a church service in Sydney. In response, Musk accused Australia’s leaders of
The U.S. stock index futures are showing positive signs of advancement on Tuesday. Growth and chip stocks are gaining momentum, with major tech companies like Meta Platforms, Microsoft, and Tesla edging up in premarket trading. The tech sector is gearing up for quarterly earnings reports, starting with Tesla after the market close on Tuesday. Early
Following the presidential election in June, Mexico’s economy is anticipated to experience steady growth, aligning with the positive performance in the United States. Analysts predict that Gross Domestic Product (GDP) will increase by 2.2% in the current year and by 1.9% in 2025, based on a survey of 34 experts conducted in April. This outlook
Central bankers are known for their deliberate language choices, and recent remarks from the Federal Reserve’s top officials signal a shift in policy direction. Both Fed Chair Jerome Powell and Vice Chair Philip Jefferson have suggested that U.S. monetary policy may remain “restrictive” for a longer period of time, rather than being raised further. This