Thanks for joining me. The Asian stock markets are facing chaos due to an accelerating sell-off in US government bonds. Equities in Japan, South Korea, Hong Kong, Taiwan, Sydney, and more have all experienced a sharp downturn. In Asian trading, US Treasuries continued to decline, causing yields on the 10- and 30-year notes to approach …
Global stocks plunge as US bond yields surge to 16-year highs, raising concerns about prolonged higher interest rates by the Federal Reserve. Treasury yields skyrocketed after new data revealed unexpectedly increased job openings in the US, indicating the resilience of the job market amidst rising interest rates. Economists had predicted that job openings would remain …
Thank you for joining us. The housing market continues to face challenges as house prices have declined for the eighth consecutive month. This decline is due to buyers facing higher borrowing costs. In September, property values dropped by 5.3%, which is the same rate of decline as the previous month, according to Nationwide. Start Your …
Rishi Sunak Criticizes BBC for ‘Inaccurate Commentary’ on UK Economy Post-Pandemic In a recent statement, Rishi Sunak expressed his disappointment with the BBC for what he considers to be ‘inaccurate commentary’ on the UK economy. He accused the public broadcaster of deliberately refusing to publish figures that demonstrate the UK’s faster recovery compared to France …
Thanks for joining me. China’s ambition to become the world’s largest economy is facing challenges due to the consequences of zero-Covid policies. A recent study by Bloomberg Economics suggests that China’s gross domestic product (GDP) will not surpass that of the US until the mid-2040s. Even then, it may only lead by a small margin …
Incredible Discounts on House Prices Lure Buyers Back to the Market Discover the largest discounts on house prices in the past four years, enticing buyers to enter the property market. On average, homes are being sold for 4.2% (£12,125) below their asking prices, according to Zoopla, a leading property website. In September, discounts reached their …
Jeremy Hunt downplays hopes of tax cuts in November Autumn Statement, citing high inflation and spiralling debt interest costs as constraints. The Chancellor cautions that reducing taxes could worsen inflation by increasing people’s spending power when price rises have been unexpected. In an interview with Bloomberg TV, he states, “We must be careful not to …
The International Energy Agency (IEA) has emphasized the need for an annual investment of $4.5 trillion (£3.7 trillion) from the beginning of the next decade to achieve net zero emissions by 2050. The IEA, based in Paris, stated that the remarkable growth in clean energy technology, such as solar panels and electric vehicles, makes it …
Protecting Your Money During a Recession: Essential Tips Pay off Debt and Accumulate Cash In any economic cycle, there are phases of growth and decline. During a recession, it is crucial to focus on reducing high-interest debts, such as credit card debt. Start by tackling debts with the highest interest rates first and then move …
Electric vehicle manufacturers could face a hefty £3.7bn bill in the next three years if the EU implements tariffs on trade between the bloc and Britain. Industry leaders have warned that factories may need to reduce production by up to 480,000 vehicles during this period unless the so-called “rules of origin” regulations are abandoned. The …