Japan’s Stock Market Rises at End of an Epic Quarter
It was a positive day in Asian trading on Friday as most indexes around the world were closed for Good...
archiveEconomics
Jobs & house prices: Economic week ahead – 1-5 April
Traders have long-abandoned hopes for a first US rate cut in May, and next week’s bumper release of labour market data could sway the case for a June pivot. In the March meeting, US rate-setters warned that “job gains have remained strong and the unemployment rate has remained low”. Policymakers will be paying close attention to next week’s JOLTs job openings, ADP employment survey and payroll data.More UK house price data will be released on Friday, courtesy of the Halifax House Price Index. Last month’s data showed that February prices were...
Is the US Dollar Losing its Grip? The Rise of Alternative Reserve Currencies
Authors: Meherab Hossain and Md. Obaidullah For decades, the US dollar has enjoyed unparalleled dominance as the world’s reserve currency,...
Switzerland Shocks With Interest Rate Cut. The Rest of Europe May Be Inspired.
The Swiss National Bank delivered a surprise interest-rate cut this week, kicking off what’s likely to become a widespread trend...
The Carry Trade Has Been a Winner. Why the Bank of Japan Is Giving It a Handicap.
The Bank of Japan ’s decision to raise interest rates for the first time in 17 years could have a...
BRICS eyes settlements in national currencies
Most countries at a meeting of BRICS finance ministers and central bank governors supported the departure from the dollar, agreeing...
Why Nigeria’s Naira Currency Has Plunged and Dollars Are Scarce (NGN/USD)
Nigeria pumps almost 1.5 million barrels of crude oil a day, making it the continent’s biggest producer. Yet this petrodollar...
Green shoots of recovery for UK house prices
House prices may flounder in the first months of 2024But the stage is set for a recovery in the second half of the year Last year proved difficult for the UK property market. House prices stagnated, falling by around 2 per cent in the year to November, as the chart below shows. Looking at mortgage rates, it's not hard to see why: the average rate for a two-year fix peaked at an eye-watering 6.11 per cent in July last year. Affordability for first-time buyers was stretched, while borrowing more to...
El Salvador Adopted Bitcoin as an Official Currency; Salvadorans Mostly Shrugged
Central banks in more than 100 countries around the world are considering adopting digital currencies to increase financial inclusion and...
BRICS bank to release bonds in local currencies
BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available...
