The recent retaliatory attack by Iran on Israel has sent shockwaves through global markets, impacting various asset classes. This attack marked the first direct assault on Israeli territory by Iran, raising concerns of a broader regional conflict. The fear of open warfare between the two arch Middle East foes has left the region on edge,
Economy
The incident at one of Sydney’s busiest shopping malls where Inspector Amy Scott shot dead a man who had just killed six people in a stabbing attack raises questions about her actions. The fact that she was in the shopping centre while the attack was unfolding and confronted the man after being directed by onlookers
The Biden administration recently announced a plan to cancel $7.4 billion in student debt for 277,000 borrowers. This move is part of a larger effort to address the issue of student debt in the United States. President Joe Biden’s administration aims to provide relief to millions of Americans who are burdened by student loans, with
Finance Minister Shunichi Suzuki highlighted the importance of analyzing the factors that are driving recent yen declines in Japan. He emphasized that Tokyo is prepared to respond to any excessive currency swings that may occur. While a weak yen can have some benefits for the economy, such as boosting exports, it can also have drawbacks,
Recent data releases have prompted a significant shift in market sentiment regarding the likelihood of a June rate cut by the Federal Reserve. Traders have sharply reduced their expectations, with the probability of a 25 basis point rate cut dropping to just 17.5%. This represents a dramatic decrease from the 61.1% probability seen just last
China’s Taiwan Affairs Office has recently expressed strong disapproval of the remarks made by U.S. Deputy Secretary of State Kurt Campbell regarding the AUKUS submarine project. According to spokesperson Zhu Fenglian, the comments made by Campbell are considered to be dangerous and provocative. The suggestion that the AUKUS project could be used to deter any
Singapore’s central bank, the Monetary Authority of Singapore (MAS), is facing a challenging decision regarding its monetary policy. Despite concerns about inflation rates, all 11 analysts polled by Reuters anticipate that MAS will maintain its current policy settings in the upcoming review. The persistent inflation in the country is a key factor influencing MAS’s cautious
Recent consumer confidence surveys from Japan, Australia, and Taiwan’s inflation print are at the forefront of the Asia-Pacific market calendar. These economic indicators provide key insights into the health of these economies, influencing investor sentiment and market trends. Despite the ongoing surge in U.S. Treasury yields, risk appetite seems to be holding up relatively well
As Asian markets gear up for the week ahead, they are poised to start off on an optimistic note. The previous week saw a surge in U.S. job growth figures, leading to a sharp rise in Wall Street. This positive momentum is expected to carry over to Asian markets, with a busy calendar of economic
As the 2024 presidential election approaches, former President Donald Trump finds himself in a tough financial position. A major fundraiser held in Florida is expected to bring in a staggering $43 million or more, aiming to replenish Trump’s campaign coffers that have been running dry in comparison to his opponent, Democrat Joe Biden. The event,