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Daily Netflix, Inc.Netflix is testing major technical aid in its 50-day simple moving averages, now near $ 1,223. A close below that level can trigger a close deep consolidation, while the support remains above a long-term 200-day average at $ 979.82. Recent failure in holding above $ 1,300 suggests that the buyer has cooled enthusiasm,…
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More information in our economic calendarHotter Inflation Cloud BOE Rate Cut Outlook The inflation report followed the weak-to-adampted GDP numbers, which had speculated about the BOE rate cut. In particular, the UK economy expanded 0.5% in May in three months, below 0.7% in April. Meanwhile, the economy contracted up to 0.1% on a monthly basis,…
Food prices posted an increase of 0.3%, which is inspired by high costs for beverages (+1.4%) and fruits and vegetables (+0.9%). Egg prices declined by 7.4%, although beef saw a growth of 2.0%. The food index increased to 3.0% year-on-year in total, with the food away from home to 3.8%, which constantly exposes service inflation….
China’s export growth defies tariffs, but new American levy takes new risks on transmission. Hang Seng and Aud/USD responded as traders weigh China’s export benefits against the US cracks.
BOE Mortgage Market Reform: Targeting Risk Development In a notable innings, BOE lended the mortgage to support development while maintaining financial stability. Individual lenders may now exceed the last 15% high loan-from mortgage cap, although the sector-wide range remains unchanged. The current total share of these loans sits at 9.7%, which is under CAP, with…
Economists raise red flags on China’s economic trajectory East Asia Econ, a research service specialized in the markets and Macro in China, Japan, Korea and Taiwan, commented on recent Chinese figures. In response to Caixin Services PMI, the forum said: “In Caixin services, the PMI, like the official version, both data and anecdotes are weak….
Natural gas prices are rising more as traders react to EIA reports.
Considering the current inflation level and the GDP number of May, a weakening in the labor market can promote bet on a BOE policy move. BOE kept interest rates at 4.25% in June, six monetary policy committee members voted in favor of leaving the rates unchanged. Nevertheless, concern about the inflation of services may see…
Insured unemployment climbs the highest since 2021 The insured unemployment depicts claims of ongoing benefits, increased from 10,000 to 1,965,000 for the week ending June 28, the highest since November 2021. The insured unemployment rate remained stable at 1.3%. The average of four weeks for the insured unemployment also increased to 3,500 to 1,955,250. Traders…
Gasoline inventions fell by 2.7 million barrels from last week.
If the quarterly CPI shows inflation falling in the middle of the band over time, the RBA may cut interest rates in the next meeting. We have the opportunity to cut rates carefully and slowly to cut rates as the RBA did not increase rates at the levels to be seen elsewhere. RBA can cut…
Regional weakness and income increase is slow Regionally, Midwest and Western America recorded the biggest decline of 24,000 and below 20,000 respectively, while South added 13,000 jobs, the only area to see net profit. Small businesses were most difficult, with 29,000 roles under 20 employees with losing firms, while large businesses with more than 500…
In particular, private sector firms absorbed the rising cost due to the competitive landscape, which suggests a constant corporate profit crisis. Failure to start further subsidies can put additional pressure on the labor market. Manufacturers and service providers may need to manage fixed costs and reduce staffing levels to limit the impact of competition on…
The average hourly earnings increased by 0.2% month-month and 3.7% year-on-year, indicating that the wage increase remains stable without triggering immediate inflation concerns. This mixture of stable wage benefits and medium employment growth can give the Federal Reserve a place to maintain its current policy path, monitoring the softening of inflation. Putting on government work…