Monthly Archives: August 2023
Anticipated Economic Data For The Upcoming Week
Written on August 25, 2023 at 2:58 am, by lishitong
The Week Ahead: Week of 28 August (GMT+3) Tuesday, 29 August, 17:00 – US JOLTs Job Openings (Jul) The market had anticipated a June reading of 9.610 million, but the actual figure fell slightly short of expectations, registering at 9.582 million. Given the current tight labour market conditions, this reading is seen as remaining relativelyContinue Reading
Euro And Sterling Tumble With Lacklustre Economic Data
Written on August 24, 2023 at 6:36 am, by lishitong
A downward spiral has affected the currencies of the euro region, as the Eurozone and U.K.’s PMI numbers have fallen below the 50 mark. A downward spiral hit the euro region currencies, including the euro and Pound Sterling, as economic data revealed a softer-than-expected state of affairs. Both the Eurozone and UK’s PMI numbers fellContinue Reading
Risk-Off Mode Fades On Wall Street
Written on August 23, 2023 at 6:36 am, by lishitong
Investor enthusiasm for risk-taking declined after technology-driven gains on Monday. Investor enthusiasm for risk-taking experienced a swift decline following a day of technology-driven gains on Monday in the U.S. stock market. Investors are now eagerly awaiting Nvidia Corp’s results, hoping for a surge in excitement around artificial intelligence. As the Jackson Hole Economic Symposium approaches,Continue Reading
