Economic News Category

Asian Markets Rally, Korean KOSPI Climbs Nearly 1% The Asian stock market landscape on Thursday presented a tableau of contrasts, yet underpinned by an overarching optimism fueled by the recent dovish turn of the US Federal Reserve. The Fed’s signals hinting at a cessation of its interest rate hikes and a prospective dip in borrowing

New Zealand Government Strips Employment Focus from Central Bank’s Role In a landmark legislative move, New Zealand’s newly formed coalition government has overhauled the Reserve Bank of New Zealand’s (RBNZ) guiding mandate. The legislation, enacted on Wednesday, narrows the focus of the central bank to primarily ensure price stability, stepping away from its previous dual

Asian markets cautious ahead of US CPI; China’s SSE Composite dips amid lower inflation Asian stock markets are presenting a diverse performance as investors exhibit caution in anticipation of the upcoming US Consumer Price Index (CPI) data. This significant economic indicator is poised to reveal vital insights into inflationary trends in the United States, with

AUD Holds Above Key Level, Anticipates RBA Bullock’s Speech The Australian Dollar (AUD) has seen its value diminish for a second consecutive trading session on Monday, signaling a sustained bearish trend against its US counterpart. This downward trajectory has been influenced significantly by robust employment data emerging from the United States, which gave a considerable

Experts Assert China’s Ability to Mitigate Debt Challenges China is on track to effectively manage its hidden local government debt within four to five years, a move not expected to disrupt the nation’s economic recovery or spark systemic financial risks, according to a source close to the issue. This statement comes in response to Moody’s