The recent economic data from China has painted a grim picture, with indicators showing a further slowdown in the growth of the world’s second-largest economy. New home prices, industrial output, export, and investment growth have all faced setbacks, pushing policymakers to consider implementing more stimulus measures to reach the targeted growth rate of 5% for
Economy
Indonesia’s outgoing government recently submitted a 2025 budget plan to parliament, signaling a commitment to maintaining fiscal prudence under the next president. The budget proposal, prepared by ministers under outgoing President Joko Widodo and president-elect Prabowo Subianto’s economic team, aims for a narrower deficit of 2.53% of GDP next year, compared to this year’s expected
The recent surge in U.S. stocks can be attributed to the renewed hope for an economic soft landing, which has helped ease concerns of a looming recession. After facing a significant sell-off earlier this month, the S&P 500 has rebounded over 6% since August 5th, showcasing a rapid return to stability in the markets. This
Moody’s recent warning about the potential impact of regulatory investigations on wealth managers’ credit ratings has sparked concerns in the financial industry. The threat of a ratings downgrade could have significant repercussions for firms like Morgan Stanley and Wells Fargo, impacting their ability to borrow at favorable rates and ultimately increasing their costs of operation.
The recent appointment of Alan Taylor to the Bank of England’s Monetary Policy Committee has sparked interest in the financial world. With a background in international economics and financial crises, Taylor brings a wealth of knowledge and experience to the committee. Born in Wakefield, England, Taylor studied at the University of Cambridge before going on
The recent market trends in the U.S. have shown signs of recovery, with stocks ending higher on Friday and extending their biggest weekly gains of the year. This positive momentum comes as worries of an economic downturn have eased, leading investors to shift their focus to the upcoming Jackson Hole Economic Symposium. The S&P 500
The Asian stocks were firm on Thursday, taking their lead from gains on Wall Street. Japan’s Nikkei rose 0.5%, while Australia’s stock benchmark was up 0.1%. Mainland Chinese blue chips also added 0.4%, however, Hong Kong’s Hang Seng slipped 0.3%. U.S. S&P 500 futures indicated a 0.1% increase after the cash index advanced 0.4% on