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Economy
UK GDP contracted by 0.4% in May as trade deficit widened
July 13, 2023 04:07 PM AEST| By InvezzThe UK economy contracted in June as the cost of living crisis escalated. According to the Office of National Statistics (ONS), the economy contracted by 0.1% in May after it expanded by 0.2% in April. It contracted by 0.4% from the same period in 20...
U.S. inflation data today: Janet Mui remains ‘cautious’ on S&P 500
July 12, 2023 11:54 PM AEST| By InvezzS&P 500 opened up this morning after the U.S. Bureau of Labour Statistics said inflation continued to decelerate in June. Pro shares her view on the S&P 500 index Versus a year ago, consumer prices were up 3.0% last month versus the Dow Jones...
US mortgage rates are soaring as Fed rate hike bets rise
July 12, 2023 09:43 PM AEST| By InvezzUS mortgage rates continued rising as investors price in further Fed interest rate hikes. Data published by Mortgage Bankers Association revealed that the 30-year mortgage rate jumped to 7.07%, the highest level since 2022. The weekly mortgage figure...
Tom Lee explains how the S&P 500 may react to the CPI print
July 10, 2023 11:48 PM AEST| By InvezzS&P 500 will likely recover last week’s decline after the inflation data on the coming Wednesday, says Tom Lee – the Founder of Fundstrat Global Advisors. Lee’s expectations for the CPI print this week Lee expects the monthly co...
US weekly jobless claims rebound ahead of BLS’s employment situation report
July 06, 2023 11:56 PM AEST| By InvezzFollowing last week’s historic drop in weekly (initial) jobless claims, marking the sharpest slide in 20 months, the closely-watched measure rebounded to 248,000 in the week ending July 1, potentially flagging a slowing labour market. Initial j...
Cooling China Caixin PMIs suggest that “recovery has yet to find a stable footing”
July 05, 2023 04:11 PM AEST| By InvezzFollowing the government’s tepid PMI numbers which were released last week, the Caixin China PMIs moderated since May 2023. Caixin China General Composite PMI In Caixin’s latest release, the combined gauge of business activity (inclusive...
Should you buy or sell US stocks following June PMI Manufacturing data?
July 04, 2023 09:05 PM AEST| By InvezzToday is Independence Day in the United States, and US banks are closed. As such, market participants should not expect much from the upcoming North American session. Yesterday was a slow day, too, as many people preferred to take a long weekend in l...
China’s contracting PMI hurt by decline in factory output and weaker services
June 30, 2023 03:42 PM AEST| By InvezzThe world breathed a collective sigh of relief when China finally came back online into the global economy. Through a mix of public health controls and mounting social pressure, restrictions were finally loosened in December 2022, sparking optimism t...
The greenback soars across the board as US Final GDP data revised higher
June 30, 2023 12:24 AM AEST| By InvezzThe Gross Domestic Product (GDP) shows the change in the value of all goods and services produced in an economy. The United States has three releases – Advance, Preliminary, and Final. Released quarterly, the GDP is annualized by multiplying th...
Euro tumbles on disappointing Eurozone flash PMIs, economic activity contraction
June 23, 2023 06:54 PM AEST| By InvezzDisappointing Eurozone data sends the euro lower across the dashboard. Earlier today, the Eurozone manufacturing and services PMIs were released, and both came out worse than expected. The weakness in the manufacturing sector is worrying. The market...
Bank of England – go big or go home
June 22, 2023 05:07 PM AEST| By InvezzLater today, the Bank of England will present its monetary policy decision. Following the inflation report released earlier in the week, the pressure mounts for the central bank to do more than the market expects. The consensus is that the Bank of En...
UK inflation surprises to the upside, making it difficult for the BOE to set the right policy
June 21, 2023 05:50 PM AEST| By InvezzInflation remains the dominant theme in financial markets. Following the COVID-19 pandemic and the Russian invasion of Ukraine, the prices of goods and services spiraled worldwide. Europe, in particular, is affected the most. Both the euro area and t...
UK update: Interest & mortgage rates to rise further as inflation & wages remain hot
June 21, 2023 12:53 AM AEST| By InvezzSometimes I dream of a world where the word “inflation” appears in less than 98% of financial articles. Whether reading about macroeconomics, the stock market, obscure cryptocurrencies or house prices, it’s a good bet that the dirty...
Brookfield Business Partners inks deal to sell Westinghouse; check details
October 13, 2022 12:56 PM AEDT| By Team Kalkine MediaBrookfield Business Partners has announced to sell its nuclear technology services operation, Westinghouse Electric Company.
How is the red-hot inflation hurting the common man?
July 18, 2022 02:28 AM AEST| By Mridul GogoiInflation hits the common man hard. People are getting poorer dealing with this fastest inflation.
US June CPI climbs to 9.1%, highest level since 1981
July 14, 2022 12:56 AM AEST| By Rupam RoyThe US inflation accelerated at its highest pace in around 41 years, increasing 9.1% on an annual basis.
What's stoking Australia's workforce crisis in retail space?
July 09, 2022 11:00 AM AEST| By Toshiva JainHighlights,Australia has been witnessing a consistent rise in labour shortage for the past three months.,The Australian Retailers Association has urged the government to intervene to help the retail sector runners recover from the current crisis.,It...
US jobless claims soar as labor demand wanes
July 08, 2022 01:23 AM AEST| By Mridul GogoiUS jobless claims increase last week
How are rising interest rates affecting mortgages?
July 07, 2022 12:54 PM AEST| By Toshiva JainHighlights,Inflation is expected to rise higher than expected earlier, as a result of which interest rates are likely to increase at a higher and faster pace in upcoming months.,Housing prices in some states have fallen in the last couple of months....
How Australia plans to unlock value from mining waste
July 02, 2022 12:00 AM AEST| By Nitish KumarHighlights,Billions of tonnes of mining waste called tailings are generated by the mining industry every year.,According to research, tailing materials could contain valuable minerals, including critical minerals.,Instead of developing new mines, min...
