Stacy Hoffman

According to a recent Bloomberg poll of analysts, the eurozone economy is expected to grow faster than previously anticipated in 2024, with a projected increase of 0.7%, surpassing the 0.5% growth forecast in the previous monthly survey. This optimistic outlook follows a series of positive developments in the region, including surprising first-quarter GDP readings,…

Japanese equities displayed a muted performance on Monday, with the Nikkei 225 remaining unchanged and the Topix dropping marginally, following a mixed response to local firms’ earnings projections and reward programs. Mitsui Fudosan experienced a significant decline of 6.43% due to its annual net forecast falling short of market predictions, causing the real estate…

The commercial division of Chinese private smelter Henan Jinli Gold and Lead Group Co. Is expanding its commodities trading team in Singapore due to the growing optimism in copper, aluminum, and other metal markets. The division, which handles around half of China’s silver exports annually, aims to recruit between 15 and 20 additional physical…

Despite a strengthening U.S. Dollar driving up currency volatility in Asia, the region’s technology boom has offered some relief to Taiwan’s economy. This positive trend has provided a respite for Taiwan compared to other emerging Asian countries facing difficulties due to rising inflation and currency pressures. However, emerging Asian bonds may not see the…

In a recent development, Russian President Vladimir Putin has appointed a prominent economic advisor, Andrei Belousov, as the new Minister of Defense. This surprising move has left many analysts speculating about the reasons behind this decision. According to Nuno Felix, a Portuguese journalist, who cited a tweet by Samuel Greene, Director of the Russia…

In the coming week, several important economic indicators will shape the outlook for monetary policy, particularly regarding interest rate cuts in the US. The April inflation report in the US on May 15 will be closely watched, with forecasts predicting a modest decrease in the monthly Consumer Price Index (CPI), while overall retail sales…

Oil prices continued to fall on Monday due to indications of weak fuel demand and the impact of comments from US Federal Reserve officials that decreased optimism regarding interest rate cuts. Both Brent crude and West Texas Intermediate crude dropped by 0.3% each, to $82.53 and $78.03 per barrel respectively, following losses of around…

According to recent Commodity Futures Trading Commission (CFTC) data, hedge funds and speculators have significantly reduced their short yen positions in response to Japan’s suspected currency market intervention to support the yen. In the week ending May 7, net short yen positions decreased by 20%, marking the largest weekly yen-bullish swing since March 2020.…

According to recent projections from Australia’s Treasury, inflation could potentially return to the Reserve Bank of Australia’s (RBA) target band before the end of 2024, surpassing previous predictions made by both the government and the RBA itself. The Treasury’s updated forecast, announced ahead of the upcoming budget, suggests that inflation will fall within the…

As stock futures remained relatively unchanged on Sunday, investors shifted their focus towards the upcoming release of April’s consumer price index (CPI) figures from the Bureau of Labor Statistics on Wednesday. Despite a series of unexpectedly high inflation readings in recent months, many are optimistic that the Federal Reserve will no longer consider raising…