BoJ Governor Kazuo Ueda reaffirmed today that Japan’s economy is expected to sustain a moderate recovery, which should support underlying inflation in converging toward 2% target over the coming years. However, Ueda did not repeat the usual pledge to continue raising interest rates if inflation moves in line with forecasts, signaling a shift in tone […]
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When the missiles started to fly over Israel, stocks in the United States tanked. As oil prices moved higher, tech stocks swooned as investors tried to gauge whether the shelling of Israel by Iran meant Read more…
In a speech today, ECB Vice President Luis de Guindos acknowledged that Eurozone growth was weaker than expected in Q2, leading to a downward revision in the growth outlook for the region. He added that Read more…
Eurozone’s unemployment rate was unchanged at 6.4% in August, aligning with market expectations. Meanwhile, EU unemployment rate fell slightly from 6.0% to 5.9%. The report estimates that 13.027m people in EU, including 10.925m in Eurozone, Read more…