President Joe Biden signed an executive order Wednesday that would restrict U.S. investment in some high-tech industries in China.
China’s consumer and producer prices both declined in July from a year ago, a sign of deflation pressure that’s likely to be temporary as policymakers face pressure to step up monetary and fiscal support.
Inflation is far from tamed despite hopes of a global easing, according to the investment chiefs of two Australian pension funds looking to private assets for protection.
Earnings reports from the big three online travel companies showed that consumers are willing to swallow higher prices to get their international summer trip.
Bulging sales of US Treasuries are about to deliver a major test of investor demand and determine whether a selloff has room to run as the market braces for the biggest round of refunding auctions since last year.
China’s sovereign bonds are an “obvious” trade as the central bank will ease monetary policy for at least another year to support a slowing economy, according to Invesco Ltd.
A clear majority of investors expect a US recession before 2024 is out, leading them to view the current bull market in stocks as ephemeral and to favor long-term US Treasuries.
Oil headed for a sixth straight weekly gain, the longest winning streak in more than a year, after OPEC+ heavyweights Saudi Arabia and Russia extended production cuts into next month and US stockpiles sank by a record.
The Bank of Japan’s tweak to its yield curve control mechanism created another reason to take a look at the nation’s fiscal conditions, as Tokyo seeks to expand spending on defense and childcare while shouldering a massive public debt.
Traders have piled into exchange-traded funds covering oil to metals and grains as investors wager that the global economy is set to avoid a painful recession, despite the prospect of higher interest rates.
"We have revised higher our outlook for growth in economic activity this year and next, and no longer expect the economy to fall into a mild recession," Bank of America US Economist Michael Gapen wrote on Tuesday.
Thai baht’s nascent recovery is set to solidify with the nation’s central bank seen sticking to its hawkish stance this week, a move that should help take the currency out of the doldrums of ongoing political uncertainty.
Traders buffeted by a swath of central-bank decisions last week are preparing for further volatility amid signs that a new era for monetary policy is emerging.
Dollar weakness looks to have room to run after the Federal Reserve said further interest rate hikes would be data dependent, bolstering traders’ confidence that the US tightening cycle is near an end.
It was never in doubt. In the run-up to the Federal Reserve’s meeting this week, investors assigned a probability of nearly 99% to a decision by the central bank to raise interest rates once again.
