United States (US) President Donald Trump has landed in Alaska, as he gears up for his sit-down meeting with Russian President Vladimir Putin to negotiate a peace deal between Russia and Ukraine. Ukrainian President Volodimir Zelenskiy is not in attendance.According to market rumors, President Trump is prepared to offer Russia…
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AUD/JPY attracts sellers for the third straight day on Friday amid a broadly stronger JPY.Japan’s upbeat Q2 GDP reaffirms BoJ rate hike bets and provides a goodish lift to the JPY.The risk-on mood could cap the safe-haven JPY and lend support to the risk-sensitive Aussie.The AUD/JPY cross maintains its offered tone through the first half of the European session on Friday and remains well within striking distance of a one-week low touched the previous day.…
Growth momentum slowed significantly in July despite stronger-than-expected trade performance. Retail sales and FAI contracted,…
The Pound Sterling edges up slightly against the US Dollar, after the recent rally halted…
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My trip to Europe felt like a race against time.The clock in my head began ticking the moment I landed in Berlin, because I knew that 48 hours later, I’d be headed to Vienna. For the rest of the two-week trip, I was on the move every 24 to 48…
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Blue states around the U.S. are planning tax hikes on wealthy residents to bring in additional revenue through a variety of proposals, including one state’s so-called “Taylor Swift tax.” The moves come after the enactment of the One Big Beautiful Bill Act (OBBBA) by President Donald Trump and Republicans in Congress,…
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Warren Buffett is helping revive shares of beleaguered UnitedHealthcare Group after taking a $1.6 billion stake in the company, according to filings with the Securities and Exchange Commission. UnitedHealth shares clocked the largest one-day percent increase since March 2020, as tracked by Dow Jones Market Data Group. It was on…
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The Federal Market Open Market Committee expects interest rates to move down in 2025. Fixed income markets see two cuts coming, taking rates to 3.75% to 4% by December as the most likely outcome, down from 4% to 4.25% today. However, for quite some time the labor market has held…
