The mood across Asian markets is likely to be one of caution on Wednesday for two main reasons. Investors are concerned about the health of the U.S. economy, which could have far-reaching implications for global markets. Additionally, Nvidia’s earnings report later in the day is expected to impact market sentiment. While U.S. and world stocks
Economy
Federal Reserve Chair Jerome Powell’s recent speech at the Jackson Hole Economic Symposium sent ripples through the financial markets with its significant dovish shift in the central bank’s stance on monetary policy. Powell’s remarks indicated a willingness to lower interest rates, aligning with the market’s expectations for a series of rate cuts. This shift highlights
Thailand’s central bank, despite differing views on certain issues, has expressed readiness to collaborate with the finance ministry under the new government. Prime Minister Paetongtarn Shinawatra, who recently took office, has raised concerns about central bank independence being an hindrance to economic growth. This is in contrast to the previous Prime Minister, Srettha Thavisin, who
Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was arrested at the Bourget airport outside Paris. Telegram, known for its influence in Russia, Ukraine, and the former Soviet Union, ranks among the top social media platforms globally. Durov’s decision to leave Russia in 2014 after refusing government demands to shut
Pavel Durov, the billionaire founder and CEO of the Telegram messaging app, was recently arrested at the Bourget airport outside Paris. The investigation surrounding his arrest is reportedly focused on a lack of moderators on Telegram, allowing criminal activity to thrive on the messaging platform. Durov, a Russian-born entrepreneur, is the founder and owner of
Prime Minister Keir Starmer is gearing up to deliver a speech to the British public next week, where he will not sugarcoat the reality of the challenges ahead. In a stark warning, Starmer acknowledges that the road to fixing Britain’s deep-seated issues will be long and arduous, cautioning that “things will get worse before we
Brazil’s central bank chief, Roberto Campos Neto, highlighted that recent market volatility may indicate a diminishing space for fiscal and monetary intervention in the future. This observation suggests that the market is adjusting its expectations and pricing in a scenario where policy tools will have limited effectiveness. Campos Neto also pointed out the potential repercussions
The Federal Reserve plays a crucial role in influencing the economy’s momentum through its holdings of mortgage bonds. According to a recent academic paper presented at a central bank research conference, the Fed’s use of increases and contractions in its holdings of Treasury and mortgage bonds is a key component of its monetary policy arsenal.
On a Friday, U.S. stocks experienced a significant rally in response to dovish comments made by U.S. Federal Reserve Chair, Jerome Powell. Powell’s remarks solidified expectations that the central bank will cut its key policy rate in September. The highly anticipated comments, delivered during the Jackson Hole Economic Symposium, highlighted Powell’s belief that “the time
Canada’s economy is facing a significant threat as a railway stoppage continues to persist, causing concerns among economists and analysts. The potential impact of this stoppage on the nation’s GDP could be disastrous if it extends beyond a week. According to Pedro Antunes, chief economist at the Conference Board of Canada, a two-week strike could