Economic news


Mexico's Central Bank Holds Rates, Some See Hikes Coming

Mexico's Central Bank Holds Rates, Some See Hikes Coming

Mexico’s central bank on Thursday kept its key interest rate steady in a unanimous decision by its five-member board that reflected growing concerns about the path of inflation and triggered speculation the next move would be a hike.


May 14, 2021
Corn Jumps 1%, on Course for Biggest Weekly Loss in nearly 2 Years
Corn Jumps 1%, on Course for Biggest Weekly Loss in nearly 2 Years

U.S. corn futures rose 1% on Friday to rebound from a two-week low touched earlier in the session, though the grain was on course to post its...

AUD, NZD Test Depth of Support after Sharp Weekly Reversal
AUD, NZD Test Depth of Support after Sharp Weekly Reversal

The Australian and New Zealand dollars were nursing steep losses for the week on Friday as failures to sustain breaks to upside risked a purge of...

May 13, 2021
Wall St Headed Higher after Fewer Jobless Claims, Inflation Data
Wall St Headed Higher after Fewer Jobless Claims, Inflation Data

Wall Street’s main indexes were set to open higher on Thursday, with the tech-heavy Nasdaq rebounding, after data showed fewer Americans...

Russian Central Bank sees 2021 Economic Growth Close to 4%
Russian Central Bank sees 2021 Economic Growth Close to 4%

Russia’s economy is on track to grow by nearly 4% in 2021, the upper boundary of the previously expected range, the central bank’s head...

Gold Prices Pull Back, on Verge of Third Straight Slide
Gold Prices Pull Back, on Verge of Third Straight Slide

Gold prices retreated on Thursday, heading for a third straight slide as the precious metal extended a fall from the highest levels since around...

Oil Falls as Colonial Pipeline Resumes Operations
Oil Falls as Colonial Pipeline Resumes Operations

Oil futures fell Thursday, on track to snap a four-day winning streak, as the Colonial Pipeline resumes operations on the U.S. East Coast after...

Alphawave Slumps 21% on Debut as London IPO Market Stutters
Alphawave Slumps 21% on Debut as London IPO Market Stutters

Canadian semiconductor technology company Alphawave’s shares plunged as much as 21% on their London market debut on Thursday, shrinking its...

Bitcoin Recoups Some Losses from Musk's Tesla U-Turn
Bitcoin Recoups Some Losses from Musk's Tesla U-Turn

Bitcoin regained some of the losses sustained after Elon Musk said that Tesla would stop accepting the digital tokens as payment for its cars, and...

Oil Drops on India's COVID-19 Crisis, Pipeline Resumption
Oil Drops on India's COVID-19 Crisis, Pipeline Resumption

Oil prices fell more than 2% on Thursday as India’s coronavirus crisis deepened and a key U.S. pipeline resumed operations, halting a rally...

UK's Intertek to buy Australia's SAI Global Assurance
UK's Intertek to buy Australia's SAI Global Assurance

British inspection and product testing company Intertek Group agreed on Thursday to buy SAI Global Assurance for A$855 million ($660 million), as...

Re-Consider Crypto Exchanges, Traders Ties - India C.Bank
Re-Consider Crypto Exchanges, Traders Ties - India C.Bank

India’s central bank is informally urging lenders to cut ties with cryptocurrency exchanges and traders as the highly speculative market...

April’s Inflation Surge wasn’t as Drastic as it Looked
April’s Inflation Surge wasn’t as Drastic as it Looked

There is probably less than meets the eye from the startling inflation pop in April, as goods impacted by a variety of temporary influences pushed...

Sterling steadies above $1.40 as stronger dollar weighs
Sterling steadies above $1.40 as stronger dollar weighs

Sterling steadied above $1.40 against the dollar on Thursday after losing its perch near $1.41 the previous day when stronger than expected U.S....

EM-TRY Leads FX Losses, Stocks Tumble on Inflation Fears
EM-TRY Leads FX Losses, Stocks Tumble on Inflation Fears

Turkey’s lira fell to a six-month low on Thursday as risks of tighter U.S. monetary policy after strong inflation data weighed on most...

Inflation Angst Bruises World Stocks
Inflation Angst Bruises World Stocks

Investors dumped shares on Thursday after a bigger-than-expected rise in U.S. inflation spooked Wall Street and sent bond yields surging, with...

US CPI Shocks market, USD Up & Commodity Currencies Down
US CPI Shocks market, USD Up & Commodity Currencies Down

A bad, bad day for risk assets. European stocks closed somewhat higher on optimism about economic reopenings and the commodity boom, but the mood...

Nikkei Slumps to 4-Month Low as Inflation Scare Hits Shares
Nikkei Slumps to 4-Month Low as Inflation Scare Hits Shares

Japanese shares sank on Thursday, with the Nikkei average hitting a four-month low, as SoftBank Group and expensive stocks were pummelled by U.S....

Asia Shares Alarmed by U.S. Inflation, Count on Calm Fed
Asia Shares Alarmed by U.S. Inflation, Count on Calm Fed

Asian shares slipped to seven-week lows on Thursday after a shocking rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on...

Huobi Launches $100M Venture Unit for Bolt-on Deals and NFTs
Huobi Launches $100M Venture Unit for Bolt-on Deals and NFTs

Cryptocurrency exchange operator Huobi Group has launched an investment arm with $100 million to spend, setting aside some cash specifically for...

AUD, NZD Hit One-Week Low on U.S. Rate Hike Risk
AUD, NZD Hit One-Week Low on U.S. Rate Hike Risk

The Australian and New Zealand dollars sank to one-week lows on Thursday against their U.S. counterpart, which was buoyed by expectations of...

Wall Street Closes Sharply Lower as Inflation Fears Heat Up
Wall Street Closes Sharply Lower as Inflation Fears Heat Up

Wall Street closed lower on Wednesday with the S&P suffering its biggest one-day percentage drop since February, as inflation data fueled...

May 12, 2021
USD Got Boost as US Inflation Stokes Rate Hike Speculations
USD Got Boost as US Inflation Stokes Rate Hike Speculations

US inflation data caused a surge in volatility. The general price index rose 0.8% for April, against expectations of 0.2% and 0.6% in March. The...

Wall St Drops as Strong Inflation Data Fuels Rate Hike Bets
Wall St Drops as Strong Inflation Data Fuels Rate Hike Bets

Wall Street’s major averages fell on Wednesday after stronger-than-expected inflation data stoked fears of tighter monetary policy to combat...

Australia's Wright Launches Lawsuit over $5.7B Bitcoin Haul
Australia's Wright Launches Lawsuit over $5.7B Bitcoin Haul

An Australian computer scientist who alleges he created bitcoin has launched a London High Court lawsuit against 16 software developers in an...

Digital Coin Ether Hits Record High as 2021 Gains near 500%
Digital Coin Ether Hits Record High as 2021 Gains near 500%

Cryptocurrency ether hit a record high on Wednesday, taking gains this year to almost 500 per cent on the back of a growing interest in...

Dollar Reluctant to Give Up Key Levels
Dollar Reluctant to Give Up Key Levels

Yesterday we saw a correction in equities developing in the markets. This provided temporary support for the Dollar index, which stabilised close...

German Bond Yields Fall from 14-Month High ahead of U.S. CPI
German Bond Yields Fall from 14-Month High ahead of U.S. CPI

German bond yields fell from their highest in over a year as stock markets steadied on Wednesday and the market awaited U.S. inflation data due...

Uber, Lyft Want More Public Subsidies to Meet EV Mandates
Uber, Lyft Want More Public Subsidies to Meet EV Mandates

California clean-air regulators want nearly all trips on Uber and Lyft ride-hailing platforms to be in electric vehicles, mandating costly measures...

Pound Stays Strong, UK GDP Beats Expectations
Pound Stays Strong, UK GDP Beats Expectations

The pound held steady above $1.41 on Wednesday after UK GDP data for March beat market expectations, keeping investors optimistic about the...

USD & JPY Up, Commodity Currencies Down; US CPI
USD & JPY Up, Commodity Currencies Down; US CPI

The theme of the day was “risk-off” as investors anticipated a worrisome US consumer price index (CPI) reading today (see below). The...

Gold Falls ahead of U.S. Inflation Data on Firm Yields, USD
Gold Falls ahead of U.S. Inflation Data on Firm Yields, USD

Gold prices fell on Wednesday, weighed down by higher U.S. Treasury yields and a slight rebound in the dollar ahead of the much-awaited U.S....

Japanese Shares Fall on Weak Wall St Finish, BOJ's Absence
Japanese Shares Fall on Weak Wall St Finish, BOJ's Absence

Japanese shares fell on Wednesday, following a weak finish on Wall Street and as investors were concerned by the Bank of Japan’s absence...

Ginkgo to Merge with Harry Sloan-Led SPAC in $17.5B Deal
Ginkgo to Merge with Harry Sloan-Led SPAC in $17.5B Deal

Ginkgo said on Tuesday it was planning to go public through a merger with a blank-check vehicle backed by former Hollywood executives Harry Sloan...

Australia, NZ Dollars Ease with Equities, Bonds Underperform
Australia, NZ Dollars Ease with Equities, Bonds Underperform

The Australian and New Zealand dollars pared recent gains on Wednesday as a sell-off in global shares dragged on risk currencies, while Aussie...

May 11, 2021
U.S. Job Openings Race to Record High in March
U.S. Job Openings Race to Record High in March

U.S. job openings surged to a record high in March while hiring lagged, further evidence that a shortage of workers was hampering job growth.

Gold Pulls Back from Feb High as Inflation Fears Percolate
Gold Pulls Back from Feb High as Inflation Fears Percolate

Gold prices were seeing lackluster trade Tuesday, edging lower but mostly holding near the highest levels since February, amid selling of assets...

Tech Rout Set to Extend as Investors Fear Rising Inflation
Tech Rout Set to Extend as Investors Fear Rising Inflation

Wall Street’s main indexes were set to open sharply lower on Tuesday, signaling another day of losses for technology-related stocks with...

Oil Falls on Expectations Pipeline Outage will be Temporary
Oil Falls on Expectations Pipeline Outage will be Temporary

Oil futures traded lower Tuesday, with investors looking past the closure of the Colonial Pipeline that provides 45% of the fuel consumed on the...

Dow Jones Starts to Dominate over Nasdaq
Dow Jones Starts to Dominate over Nasdaq

There is a new momentum of pressure on technology stocks in the markets, which showed up in a 2.5% drop of the Nasdaq on Monday. Meanwhile, Dow...

EM-FX Goes Off Record High, Stocks Down Amid Inflation Fears
EM-FX Goes Off Record High, Stocks Down Amid Inflation Fears

Most emerging market currencies and stocks on Tuesday eased from recent highs as investors braced for a possible spike in U.S. inflation, while the...

German Investor Morale Surges as Third COVID-19 Wave Eases
German Investor Morale Surges as Third COVID-19 Wave Eases

Investor sentiment in Germany surged in May thanks to a third wave of the COVID-19 pandemic tailing off, a survey showed on Tuesday, pointing to a...

London Copper Rises on Demand Outlook from New Energy Sector
London Copper Rises on Demand Outlook from New Energy Sector

London copper prices climbed on Tuesday, as traders bet on demand prospects from metal-reliant renewable energy and electric vehicles (EV) sectors...


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