The UK’s economic growth for the period between April and June 2024 was lower than initially estimated, as reported by the ONS The Gross Domestic Product (GDP), which quantifies the economic activity of companies, governments, and individuals within a country, increased by 0.5%, a revision from the preliminary figure ofRead More →
China’s yuan hit its strongest level in over 16 months on Wednesday 25th September 2024 after Beijing unveiled a slew of stimulus measures to shore up the slowing economy on Tuesday 24th September 2024. The Chinese yuan had weakened against the U.S. dollar over the last several weeks, as theRead More →
Nvidia has announced earnings surpassing Wall Street forecasts and has issued guidance for the current quarter that exceeds expectations. As the artificial intelligence boom continues, Nvidia remains a major beneficiary. Despite a stock price dip, after trading hours, the stock has risen approximately 150% this year. The question remains whetherRead More →
High Price-to-Earnings (P/E) ratio The P/E ratio of the market is a common measure of valuation. Currently, the P/E ratio is significantly higher than historical averages, indicating that stocks are priced much higher relative to their earnings. Rapid price increases without corresponding earnings growth When stock prices rise rapidly withoutRead More →
Job growth in the US last year was weaker than previously believed, according to a statement from the Labor Department on Wednesday 21st August 2024. This revelation has intensified the ongoing debate regarding the health of the U.S. economy. The department’s updated figures indicate that there were approximately 818,000 fewerRead More →
Record numbers of people are leaving New Zealand as unemployment increases, interest rates stay elevated, and economic growth remains weak, according to government statistics. Statistics New Zealand’s data released on Tuesday 13th August 2024 indicates that 131,200 individuals left New Zealand in the year ending June 2024, tentatively the highestRead More →
GDP increased by 0.8% quarter-on-quarter, surpassing estimates of a 0.5% increase. This marked a turnaround from the revised decline of 0.6% in the Q1 After the release of the GDP data, Japanese markets climbed, and the yen saw a slight appreciation against the U.S. dollar.Read More →
The U.K. economy grew by 0.6% in the second quarter of 2024, the Office for National Statistics said Thursday 15th August 2024, in line with expectations. The data release follows an expansion of 0.7% in the first quarter of 2024. Economic growth was flat in June, in line with forecasts. TheRead More →
In May 2024, the U.K. economy expanded by 0.4%, according to figures released by the Office for National Statistics on Thursday 11th July 2024. The newly elected Labour Party will welcome this broad-based recovery as Prime Minister Keir Starmer begins his first week in office. Following the announcement, Sterling surgedRead More →
Jerome Powell on Tuesday 9th July 2024 reportedly expressed concern that holding interest rates too high for too long could jeopardize economic growth. This comment came ahead of the consumer price index reading due this week. Preparing for a two-day session on Capitol Hill, the central bank chief stated thatRead More →
In April 2024, the U.K.’s economic growth came to a standstill, figures released on Wednesday 12th June 2024 indicated, putting a pause on the subdued recovery from the previous year’s recession just weeks before the UK election. Analysts had anticipated growth a levelling off following a 0.4% expansion in MarchRead More →
Forecasts indicate that the UK economy will experience sluggish growth among the largest developed nations in 2025. The Organisation for Economic Co-operation and Development (OECD) has projected a 1% increase in the UK’s gross domestic product (GDP) for 2025, which lags behind the growth rates of other G7 nations, includingRead More →
The International Monetary Fund calculates that Russia’s economy will expand more rapidly than all advanced economies this year. According to the latest World Economic Outlook released by the IMF, Russia’s economy is projected to expand by 3.2% in 2024. This growth outpaces the anticipated growth rates for the U.S. atRead More →
The governor of the Bank of England, Andrew Bailey has raised concerns over economic growth as he warned again that interest rates will not be cut in the ‘foreseeable future’. The bank boss said he was concerned over the UK economy’s potential to grow. It comes after the government’s forecasterRead More →
Some analysts say yes! Buying the dip means purchasing an asset, usually a stock, when its price has dropped. The expectation is that the drop is a short-term anomaly, and the asset’s price will soon go back up. It is a strategy that some traders and investors use to take advantage ofRead More →
India expands Many economists stronly believe that India’s stellar economic trajectory alongside strong forecasts for some Southeast Asian countries will be important drivers for future global growth. The next decade, could see Asia Pacific become the fastest growing region of the world economy. India, Indonesia, the Philippines and Vietnam willRead More →
There are eight billion people living on Earth today, according to the United Nations (UN). It’s hard to calculate the number of people in the world accurately, and the UN admits its calculations could be out by a year or two – but it estimated that in November 2022 theRead More →