November 2022 - DigitalMedia

jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish Tone

30Nov

By Administrator_IndiaNo Comments

Economy

jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish Tone

Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of their Dec. 13-14 gathering. Chair Jerome Powell is expected to this week cement expectations that the Federal Reserve will slow its pace of interest-rates increases next month, while reminding Americans that its fight against inflation will run into 2023. Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of their Dec. 13-14 gathering. The event provides ...

Asia FX inches Higher Ahead of Powell speech, China optimism Fades

30Nov

By Administrator_IndiaNo Comments

Asia

Asia FX inches Higher Ahead of Powell speech, China optimism Fades

Most Asian currencies crept higher on Wednesday as markets awaited more cues on U.S. monetary policy from Federal Reserve Chair Jerome Powell, although weak economic data from China and uncertainty over the country’s COVID policy weighed on sentiment. Still, most regional units were set to end November substantially higher on a weaker dollar and expectations of slower interest rate hikes by the Fed. The Chinese yuan rose 0.2%, even as data showed that business activity in the country shrank more than expected in November. The data highlights the increasing impact of anti-COVID policies on China’s economic health, as the country grapples with record-high increases in infections. Markets also grew uncertain over whether the Chinese government would scale back its strict zero-COVID policy ami...

Oil Surges As Speculation Over OPEC Cut Outweighs China concerns

29Nov

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Oil

Oil Surges As Speculation Over OPEC Cut Outweighs China concerns

Oil prices jumped on Tuesday as traders bet that recent weakness in the market will invite more supply cuts by the OPEC, while anti-government protests in China and hawkish signals from the Federal Reserve worsened the outlook for demand. Oil marked a volatile start to the week, initially tumbling as much as 3% as Chinese protests against the government’s strict zero-COVID policy intensified. But prices recovered later in the session, ending Monday a shade higher as markets bet that the Organization of Petroleum Exporting Countries (OPEC) will step in to support prices. The cartel is set to meet on December 4, its last meeting for the year, to decide on production. Brent oil futures jumped nearly 1% to $84.09 a barrel, while West Texas Intermediate crude futures were flat around $77.27 a b...

28Nov

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Stock Market

Dow Futures Dip After Positive Week

U.S. stock futures were trading lower during Sunday’s evening trade, after major benchmark indices finished the holiday shortened week higher as investors proved optimistic amid potentially smaller interest rate hikes from Federal Reserve policymakers. By 6:36pm ET (11:36pm GMT) Dow Jones Futures were down 0.2%, S&P 500 Futures fell 0.3% and Nasdaq 100 Futures were down 0.4%. In the week ahead, market participants will be looking toward fresh speeches from FOMC members Bullard and Williams on Tuesday and CB consumer confidence on Wednesday. On Thursday, ADP employment, JOLTS job openings, pending home sales, preliminary GDP figures and Powell’s speech on Thursday will be monitored closely, while Friday’s session will bring core PCE data, jobless claims, ISM manufacturing PMI, nonfarm p...

How to Set Financial Goals for Your Future

25Nov

By Administrator_IndiaNo Comments

Economy

How to Set Financial Goals for Your Future

Setting short-term financial goals, as well as midterm and long-term, is an important step toward becoming financially secure. If you aren’t working toward anything specific, you’re likely to spend more than you should. You’ll then come up short when you need money for unexpected bills, not to mention when you want to retire. You might get stuck in a vicious cycle of credit card debt and feel like you never have enough cash to get properly insured, leaving you more vulnerable than you need to be to handle some of life’s major risks. Even the most prudent person can't prepare against every crisis, as the world learned in the pandemic and many families learn every month. What thinking ahead does is give you a chance to work through things that could happen and do your best to prepare for the...

Dollar Down as Fed Minutes, U.S. Data Weighs

24Nov

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Stock Market

Dollar Down as Fed Minutes, U.S. Data Weighs

The U.S. dollar fell across the board on Wednesday, after minutes from the Federal Reserve's November meeting showed that most policymakers at the central bank agreed it would soon be appropriate to slow the pace of interest rate hikes. The readout of the Nov. 1-2 meeting, at which the Fed raised its key rate by three-quarters of a percent for the fourth straight time in an effort to combat decades-high inflation, showed officials were largely satisfied they could stop front-loading the rate increases and move in smaller steps. The minutes also showed an emerging debate within the Fed over the risks the rapid policy tightening could pose to economic growth and financial stability, even as policymakers acknowledged there had been little demonstrable progress on inflation and that rates sti...

Gold steady, Copper Rises Amid Smaller Rate Hike Expectations

23Nov

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Gold

Gold steady, Copper Rises Amid Smaller Rate Hike Expectations

Gold prices steadied on Wednesday, while copper extended strong gains as risk-driven assets rallied on expectations that the Federal Reserve will hike interest rates at a slower pace in the near-term, which also trimmed dollar gains. A growing number of Fed officials said in recent weeks that the central bank is likely to raise interest rates by a relatively smaller margin - 50 basis points (bps) - in December. This spurred a growing amount of bets that U.S. inflation has peaked, and that the central bank will eventually taper its pace of interest rate hikes further. Such a scenario is positive for metal markets, which were battered by rising interest rates this year. An improvement in But Kansas City Fed President Esther George Warned. Tuesday that interest rates could stay higher f...

Oil Rises on Saudi Supply Signals, But Demand Fears Cap Gains

22Nov

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Oil

Oil Rises on Saudi Supply Signals, But Demand Fears Cap Gains

Oil prices rose on Tuesday following commitments to tightening supply from Saudi Arabia and the Organization of Petroleum Exporting Countries (OPEC), although concerns over slowing demand in China and a potential U.S. recession kept gains muted. Crude markets reversed sharp losses in a volatile session on Monday after Saudi Arabia, the leader of the OPEC said reports suggesting that the cartel planned to hike supply in December were false. Instead, the OPEC will commit to its 2 million barrel per day supply cut until the end of 2023, and also stands ready to support prices with more cuts, Saudi Energy Minister Abdulaziz bin Salman said.While his comments helped crude prices recover sharply from a 10-month low, they still remained well below highs hit earlier this month, amid growing concer...

How The 2022 Dubai Expo Will Enhance Opportunities

19Nov

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Stock Market

How The 2022 Dubai Expo Will Enhance Opportunities

Expo 2022 Is A Hub of Experiences That Offers Something to Excite Everyone. Whether You Want to Unleash Your Inner Technologist, Step into The World of Diverse Tastes, Fuel Your Creativity, Or Seek Business Opportunities, Dubai Expo Is the Best Answer for All. It Is a Unique World of Novel Experiences Offering Over 60 Daily Shows and Over 200 Restaurants With World-Class Cuisine. You Will Find Various Theme Weeks That Focus on Global Challenges and Life-Changing Innovations Here. Plus, You'll Inject a Dose of Entertainment Through All Your Senses, Learn About Art and Culture, Admire the Architecture, And Much More. In Short, At Every Stage of Expo Dubai, There Is Something to Grab Your Attention and Provide a One-Of-A-Kind Experience. The Economic Impact of Expo 2022 Dubai Although The...

Taiwan October Export orders Likely contracted Again, But at Slower Pace- Reuters Poll

18Nov

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Asia, Global

Taiwan October Export orders Likely contracted Again, But at Slower Pace- Reuters Poll

Taiwan's export orders likely contracted again in October as global demand for technology cools though at a slower rate than the previous month, a Reuters poll showed on Friday The median forecast from a poll of 13 economists was for export orders to fall 1% from a year earlier. Forecasts ranged from an expansion of 1.9% to a contraction of 5.4%. The island's export orders, a bellwether of global technology demand, fell 3.1% in September, coming off a high base and supported by strong sales of new consumer electronics products like iPhones. The government has predicted last month's export orders to be between 1% and 3.6% lower than those of October 2021. Taiwan's export orders are a leading indicator of demand for hi-tech gadgets and Asian exports, and typically lead actual exports by two ...