The euro has rebounded against the US dollar over the past two trading days on news that the US president-elect may consider a gradual pace of hiking tariffs. However, the trend may be vulnerable to the upcoming US CPI, which is expected to remain sticky in December. ADVERTISEMENT The euro-dollar pair, EUR/USD, rebounded after hitting a fresh two-year low of …
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Inflation eases in Sweden as hopes of rate cut from Riksbank grow
Analysts are now hopeful that the Swedish central bank will lower its key policy rate later this month, following five interest rate cuts last year. ADVERTISEMENT Prices in Sweden rose at a slower pace in December compared to the prior month, fuelling predictions that the country’s central bank will cut interest rates at its next monetary policy meeting on 28 …
Read More »Weekly recap: Markets in sea of red as the Fed dims Santa Rally hopes
Global markets are set to end the week lower following the Fed’s hawkish rate cut on Wednesday, which sent government bond yields soaring, draining liquidities. ADVERTISEMENT Global stock markets ended Thursday in a sea of red following the Fed’s hawkish pivot, leading to a broad-based selloff not seen since August. The souring sentiment caused major benchmarks on both sides of …
Read More »Hopes of a US interest rate cut on inflation data helps Nasdaq soar
US stock indexes returned to positive territory as the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. ADVERTISEMENT Stocks in the US were boosted by the latest inflation data cementing expectations that the US central bank, the Federal Reserve, is likely to cut interest rates at its meeting next …
Read More »Australia vs India: Nathan McSweeney hopes to ‘throw more punches’ at Jasprit Bumrah
Australia opener Nathan McSweeney says he hopes to “throw a few more punches” at India quick Jasprit Bumrah in the third Test which starts at the Gabba on Saturday (00:20 GMT). McSweeney, 25, has been dismissed by Bumrah three times in four knocks so far and has only managed to score nine runs against him. Bumrah has 12 wickets in …
Read More »Cheating husband who forgave wife for slicing off his p£nis and flushing it hopes for new member
A cheating husband whose pnis was sliced off by his wife has opened up about how he hopes surgeons can give him a new manhood. Victim Gilberto Nogueira de Oliveira’s furious wife Daiane was jailed for nearly five years after a court in Sao Paulo, Brazil, heard how she had mutilated him. After slicing off his male member, she flushed it down the toilet to …
Read More »Hopes that Biden’s Angola trip may help lower pressure on oil markets
US President Joe Biden is visiting oil-abundant Angola for a three-day trip, aiming to enhance investment activities in the country and countering China’s rising influence in the region. ADVERTISEMENT US President Joe Biden is set to visit Angola on Monday, fulfilling a promise made in 2022 and marking the first visit by a US president to the Sub-Saharan African country. …
Read More »Liverpool v Man City: Reds fans on Premier League title hopes before Sunday’s game
Liverpool fans give their take on whether their side are favourites to win the Premier League going into Sunday’s game against Manchester City.
Read More »Big drop in German consumer confidence beats hopes of economic growth
A key survey shows Germans preparing to tighten their belts rather than boost private consumption, the sector which provides half of the GDP in Europe’s biggest economy. ADVERTISEMENT Europe’s top economy, Germany, has seen economic uncertainty, including job losses in the car industry, send consumer expectations to their lowest level in seven months. The Gfk Consumer Climate Indicator, a key …
Read More »Tesla shares surge on hopes for self-driving rules relaxation
Tesla may soon overcome a critical regulatory hurdle for its autonomous driving system, with Elon Musk’s support for Donald Trump appearing to pay off. If the electric carmaker’s Robotaxi services receive regulatory approval, it could usher in another phase of meteoric growth for the company. ADVERTISEMENT Tesla shares climbed more than 5% on Monday following a Bloomberg report that President-elect Donald …
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