Financial News

Inflation meets forecasts, impacting Fed’s policy; U.S. personal income surges, defies expectations; consumer spending shifts towards services.

Nvidia insiders capitalized on success, selling $80 million in shares after impressive impressive results.

After another disappointing German retail sales report, the market focus will shift to German and US inflation numbers for January.

The Aussie dollar and Yen found support against the dollar on Thursday, while the ASX 200 and Nikkei spent Thursday morning in negative territory.

Oil markets remain stuck near the key resistance level.

In Q4 2023, the U.S. GDP grew at 3.2%, marginally missing the anticipated 3.3% rise, indicating a slight economic slowdown.”

Apple halts its EV project, pivoting thousands of employees to AI development. This strategic move aligns with a rising focus on high-growth tech sectors.

Inflation trends and forecasts pressure the Aussie and Kiwi dollars. However, the Asian equity markets saw red in a pre-US inflation jittery session.

Consumers’ views of business conditions and the employment situation became less favorable.

January’s steep drop in durable goods orders may prompt Federal Reserve to adjust monetary policy, highlighting economic challenges.

US Supreme Court debates state laws affecting major platforms, sparking content moderation debate with implications for internet regulation.

ASX 200 dragged by mining stocks, while the Hang Seng Index slips as concerns over Chinese economy mount; fiscal stimulus hopes fade.

While the headline number missed analyst expectations, most business indicators highlighted improvements in the manufacturing sector. 

Amid rising trade tensions, TSMC strategically expands to Japan, diversifying operations and mitigating risks, including those from China.

Central banks will be on high alert in the week ending March 1, with inflation figures for February likely to influence plans to cut interest rates.

BTC-spot ETF market net inflows retreated this week, leaving BTC in negative territory, with the ECB criticizing the SEC approval of BTC-spot ETFs.

The ECB remains under pressure after the German economy contracted in Q4, with investors betting on an April ECB interest rate cut.

USD/JPY dipped on speculation about the timeline for a BoJ pivot from negative rates. Concerns about the Chinese economy impacted the Hang Seng.

Manufacturing PMI signaled the biggest upturn in the sector since September 2022.

HCOB PMI data underscores Germany’s ongoing economic difficulties, with a bleak outlook.