Based on past experiences of leadership transitions, Kevin Warsh, the chairperson of the Federal Reserve, is expected to take office in May. This change of leadership may bring new volatility to the US stock market. According to data compiled by Alexander Altmann, global head of equity tactical strategy at Barclays, since 1930, the S&P 500 […]
The European Union and India are set to announce on Tuesday the conclusion of a long-awaited trade deal to strengthen economic ties and counter US President Donald Trump’s tariffs. European Commission President Ursula von der Leyen and European Council President Charles Michel witnessed the moment together in New Delhi, marking the end of nearly two […]
The South Korean minister of Trade, Industry and Energy met with the US Commerce Secretary in Washington, but failed to make progress in defusing new trade frictions. The two sides agreed to resume talks on Friday, with Seoul hoping to prevent US President Donald Trump’s recent threat to raise tariffs. According to Yonhap News Agency, […]
After several days of sharp falls in Japanese government bonds, the global financial markets were shaken, and traders were still stunned by the speed and extent of the decline. Pramol Dhawan, a fund manager at Pacific Investment Management Co., marveled that yields had jumped by 0.25 percentage points in a single trading day, which he […]
Tesla has released a series of sales forecasts, indicating that the outlook for its vehicle deliveries may fall short of the expectations of many investors. The forecast data released by the automaker on its website shows that analysts on average expect the company to deliver 422,850 vehicles in the fourth quarter, a 15% decline from […]
This year, crude oil prices have dropped significantly due to a surge in supply from OPEC+ and its rivals, while global demand growth has slowed. Top forecasting agencies, including the International Energy Agency, predict a severe supply surplus next year. Even the OPEC Secretariat, which is usually more optimistic than other institutions, forecasts a small […]
A survey by the Federal Reserve shows that respondents expect the total amount of reserve management purchases by the central bank as one of the measures to ease pressure in the money market to exceed 200 billion US dollars in the next 12 months. Fed policymakers decided at their December 9-10 meeting to start buying […]
In the just-ended 2025, new car sales in the UK surpassed 2 million units for the first time since the outbreak of the pandemic, partly due to car manufacturers offering more than 5 billion pounds (6.7 billion US dollars) in discounts for electric vehicles. The Society of Motor Manufacturers and Traders (SMMT) said on Tuesday […]
Neil Kashkari, president of the Federal Reserve Bank of Minneapolis, said that the current interest rate might be close to the neutral level for the US economy, and the central bank’s actions would depend on the upcoming data. Over the past few years, we have always believed that the economy would slow down, but it […]
Federal Reserve Governor Stephen Miler said that the US central bank needs to cut interest rates by more than one percentage point by 2026, as he believes that monetary policy is suppressing economic growth. “I think it’s very hard to say that the policy is neutral. I think the policy is clearly restrictive and is […]