Record value for financial assets: German private households are richer than ever
n-tv.de/wirtschaft/Deutsche-Privathaushalte-sind-so-reich-wie-nie-article24882901.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
U.S. Mortgage Rates Jump Above 7% for the First Time This Year: Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent ...
nytimes.com/2024/04/18/business/mortgage-rates.html
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Naira gains at official market amidst depleting reserve: Market data published on the FMDQ website on Wednesday indicated that the naira closed at N1,072 ...
premiumtimesng.com/news/top-news/687032-naira-gains-at-official-market-amidst-depleting-reserve.html
Wall St turns higher, gold climbs, oil dips amid economic, geopolitical crosswinds
reuters.com/markets/global-markets-wrapup-1-2024-04-18/
Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...
reuters.com/markets/view-oil-japans-yen-up-reports-israeli-missiles-hit-iran-2024-04-19/
The central bank in a tiny African country tried to block a suspicious banking venture. Then the king’s allies intervened. - ICIJ
icij.org/investigations/swazi-secrets/eswatini-farmers-bank-rijkenberg-belumbu/
“I use my money to build love. I used my money to build relationships. Did I spray money at the club? I was spraying money in the area where they need me ... Show more www.premiumtimesng.com/entertainment/naija-fashion/686771-forgive-me-if-you-have-videos-of-me-spraying-money-portable-to-efcc.html
BoU issues new rules for mobile money transactions : Bank of Uganda has directed that customers carrying transactions involving Shs1m or more must first verify ...
monitor.co.ug/uganda/business/finance/bou-issues-new-rules-for-mobile-money-transactions--4596110
Brazil’s Central Bank Warns Investors of Growing Uncertainties: Brazil’s central bank head Roberto Campos Neto told investors that uncertainties have increased ...
bloomberg.com/news/articles/2024-04-17/brazil-s-central-bank-warns-investors-of-growing-uncertainties
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Imagine going from 8th period math to facing these guys on the diamond. 💀
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
The great interest rate turnaround fallacy - what the new situation means for savers
welt.de/finanzen/plus251073240/Der-grosse-Zinswende-Irrtum-was-die-neue-Lage-fuer-Sparer-bedeutet.html
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Cowser Bowser
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years: As the economy cools, pressure is building on the Bank of England to cut interest rates.
nytimes.com/2024/04/17/business/uk-inflation-economy-interest-rates.html
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
How international gold dealers exploited a tiny African kingdom’s economic dream - ICIJ
icij.org/investigations/swazi-secrets/eswatini-mswati-economic-zone-gold-dubai/
Quick Glance: Abuse of gold dealings in an African kingdom
- A special economic zone in Eswatini is at the core of opaque financial transactions.
- Alarming money flows raise questions.
- The dubious business practices of Mathias and Schofield are examined.
- The central bank acknowledges potential risks of Eswatini’s economic park.
The world is failing to take financial measures against Iran’s terror threat: The Financial Action Task Force’s current trajectory suggests a regrettable descent ...
thehill.com/opinion/national-security/4595188-the-world-is-failing-to-take-financial-measures-against-irans-terror-threat/
Man accused of killing St Ann cop fatally shot by police: ST ANN, Jamaica — The main suspect in the killing of a police constable in St Ann's Bay ...
jamaicaobserver.com/2024/04/16/man-accused-killing-st-ann-cop-fatally-shot-police/
Dollar edges down but still close to 5-1/2 month high, Fed, Middle East in focus
reuters.com/markets/currencies/dollar-steady-yen-fragile-after-fed-comments-dash-rate-cut-bets-2024-04-17/
Philippines-China Tensions Hitting Peso, Central Bank Chief Says: Tensions between the Philippines and China over competing maritime claims have added to ...
bloomberg.com/news/articles/2024-04-16/philippines-china-tensions-hitting-peso-central-bank-chief-says
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Home owners likely to pay higher mortgage rates for a while more, say market watchers
channelnewsasia.com/singapore/homeowners-higher-mortgage-rates-property-real-estate-interest-rates-finance-federal-reserve-4266046
Quick Glance: Homeowners Face Prolonged High Mortgage Rates Amid Market Challenges
- Currently, mortgage rates can be above 4 percent. An anticipated rate decrease is now expected by the end of next year.
- Observers noted a trend of homeowners transitioning to fixed mortgage rates due to a high interest rate environment.
- Real estate agents highlighted challenges in finding tenants with an oversupply of apartments in the market.
- Analysts suggested that homeowners may need to endure longer periods of high mortgage rates before seeing significant declines.
IMF says outlook for world economy is brighter but still modest by historical standards
pbs.org/newshour/economy/imf-says-outlook-for-world-economy-is-brighter-but-still-modest-by-historical-standards
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Today’s Daily Cartoon, by Christopher Weyant. #NewYorkerCartoons www.newyorker.com/cartoons/daily-cartoon/tuesday-april-16th-goldilocks-and-the-fed
Ringgit drops toward 26-year low as Bank Negara pledges support: The ringgit slipped to 4.78 per US dollar, putting it within a whisker of its Feb 21 low of 4 ...
straitstimes.com/business/ringgit-drops-toward-26-year-low-as-bank-negara-pledges-support
European stocks suffer worst day in nine months : Strength of US economy prompts investors to scale back expectations for rate cuts
ft.com/content/c6b6b4f7-fb87-40b4-a062-00eef8a8e6fa
Concern for Bank of England as real earnings growth at highest rate since 2021: While the wage figures are good news for households on the face of it ...
news.sky.com/story/real-earnings-growth-at-its-highest-rate-in-nearly-two-and-a-half-years-13116319
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
- An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.
- Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.
- The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.
- The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
What the key interest rates mean for savers: Inflation is falling - the ECB is heading for a possible first interest rate cut. Consumers could already be feeling ...
zdf.de/nachrichten/wirtschaft/ezb-leitzinsen-banken-sparer-kredite-100.html
70 percent of Ugandans spend more than they earn according to a survey codenamed FinScope Uganda 2023 funded by Bank of Uganda #MonitorToon
Will Zimbabwe’s new ZiG currency be a hit or another failure?: Zimbabwe’s new currency, the ZiG, made its debut month and a number of Zim economists have given ...
iol.co.za/business/advice/will-zimbabwes-new-zig-currency-be-a-hit-or-another-failure-364f180f-1557-44f2-9c73-81dcc46b55cc
$35 million to be invested to help those in finance sector develop new green skills: MAS
straitstimes.com/singapore/35-million-to-be-invested-to-help-those-in-finance-sector-develop-new-green-skillsmas
Sharp dip in rupee sparks NRI remittance surge - News | Khaleej Times: Remittance inflows to India in 2023 stood at $125 billion
khaleejtimes.com/business/economy/sharp-dip-in-rupee-sparks-nri-remittance-surge
Strong economy can be double-edged sword for Biden if rates stay high: Higher inflation could lead the Federal Reserve to keep interest rates — and mortgage ...
washingtonpost.com/business/2024/04/13/biden-inflation-federal-reserve/
Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse
- The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.
- March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.
- Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.
- Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.
Wall Street traders keep underestimating America’s economic strength: It's the exact opposite of what happened in the 2010s
axios.com/2024/04/14/stock-market-bonds-interest-rates-us-economy
Colton Cowser: .435/.482/1.130, 4 HR, 12 RBIPete Alonso: .429/.556/1.048, 4 HR, 7 RBI
Your Chevrolet AL and NL Players of the Week!
Canadian dollar posts biggest weekly decline in 11 months: The Canadian dollar weakened to a near five-month low against its broadly stronger U.S ...
reuters.com/markets/currencies/canadian-dollar-posts-biggest-weekly-decline-11-months-2024-04-12/
Portugal to roll out $1.6 bln tax cut for middle class to boost economy: Portugal's new minority government will approve tax cuts for the middle class worth 1 ...
reuters.com/world/europe/portugal-roll-out-16-bln-tax-cut-middle-class-boost-economy-2024-04-11/
Hot inflation may put Fed rate cut in thick of election season: Hot U.S. inflation data has put the Federal Reserve's debate over a first interest rate cut on a ...
reuters.com/world/us/hot-inflation-may-put-fed-rate-cut-thick-election-season-2024-04-11/
Safe-haven gold snaps record highs, heads for fourth weekly gain: Gold prices climbed on Friday to hit a historic peak as central bank purchases amid ...
reuters.com/markets/commodities/gold-prices-hit-record-highs-safe-haven-demand-2024-04-12/
The Bank of Jamaica (BOJ) will be adding a second tower to its Nethersole Place headquarters, an investment necessitated by its expanding regulatory portfolio ... Show more jamaica-gleaner.com/article/business/20240414/twin-towers-boj #GLNRFinance
PromptPay usage hits record high in 2023
Financial transactions via PromptPay, Thailand’s national electronic payment platform, tallied a new high last year ... Show more #BangkokPost #promptpay #digitalpayment
HITTING HOME: Angry young American sounds off about his "struggle to survive" in viral rant as high inflation forces US households to pay more for ... Show more www.foxbusiness.com/media/angry-gen-z-american-struggle-surive-viral-rant-cannot-afford-live
Rockies rout Blue Jays with 20-hit breakout on the road: During the Rockies' painful and sluggish start to the season, manager Bud Black insisted that the ...
denverpost.com/2024/04/12/rockies-rout-blue-jays-20-hits/
ECB Set to Cut Interest Rates in June, Villeroy de Galhau Says: The European Central Bank is likely to cut interest rates in June, according to Governing Council ...
bloomberg.com/news/articles/2024-04-13/ecb-set-to-cut-interest-rates-in-june-villeroy-de-galhau-says
Paid articlePaid Biden claims inflation was 'skyrocketing' when he took office, despite data showing opposite
foxbusiness.com/politics/biden-claims-inflation-skyrocketing-took-office-despite-data-showing-opposite
Colton Cowser launches his second homer of the game, and 10th RBI of the series! 💪 (via Baltimore Orioles)
Dow closes 422 points lower after a surprisingly bad inflation report: US stocks fell sharply Wednesday after inflation data for March came in higher than ...
cnn.com/2024/04/10/markets/markets-fall-cpi-inflation-report/
Bernanke Urges BOE to Give Market Clearer Guidance on Rates: Ben Bernanke called on the Bank of England to consider publishing its own outlook for UK interest ...
bloomberg.com/news/articles/2024-04-12/bernanke-urges-boe-to-speak-more-clearly-on-direction-of-rated
Paid articlePaidQuick Glance: Improve: Bernanke Critiques Bank of England's Handling of Inflation Crisis
- The Bank of England has deteriorated in economic forecasting, with faulty models and outdated systems. Communication with the public needs enhancement.
- Ben Bernanke's report includes 12 detailed recommendations, which Andrew Bailey, the Bank's governor, intends to act upon. Bernanke emphasizes the Bank's potential for significant improvement.
- Bernanke criticizes the Bank's use of fan charts, suggesting they lack useful information and should be replaced with more transparent communication methods. He highlights the need for clearer decision-making reasoning.
- Despite recommendations, Bernanke avoided speculating on past actions, indicating room for substantial improvement within the Bank's processes. The report conveys a clear message: the Bank could have performed much better.
STOXX 600 climbs over 1% on rate-cut optimism: European shares rose to over a week's high on Friday, with major indexes that use the euro as the common currency ...
reuters.com/markets/europe/blue-chips-power-european-stocks-higher-rate-cut-hopes-2024-04-12/
Fed officials in no rush to cut rates as inflation worries rise
reuters.com/markets/us/feds-williams-said-outlook-uncertain-data-will-drive-rate-decisions-2024-04-11/
Pimco Sees Fed Raising Rates Again If US Inflation Reignites: Pacific Investment Management Co. warned that the Federal Reserve could pivot back toward interest ...
bloomberg.com/news/articles/2024-04-12/pimco-sees-additional-fed-rate-hike-if-us-inflation-moves-higher
Fed’s Collins Penciled in Two Cuts This Year, No Urgency to Cut: Federal Reserve Bank of Boston President Susan Collins reiterated she sees no urgency to cut ...
trib.al/iMKvjKe
The Business Daily Redesigned Website Is Live!
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O.J. Simpson dead at 76 after cancer battle: O.J. Simpson, the American football star and actor who was acquitted in a sensational 1995 trial of murdering his ...
theglobeandmail.com/world/video-oj-simpson-dead-at-76-after-cancer-battle/
Quick Glance: O.J. Simpson's Failed Attempt at Rebranding
- O.J. Simpson tried unsuccessfully to improve his image through social media.
- Despite attempts at normalization through videos, he could not alter his negative image.
- Expert Bernt Ullmann explains Simpson's lack of remorse, crucial for a successful comeback.
- Simpson's controversial videos further polarized and isolated him from the public.
Customers of this bank cannot withdraw money from their accounts after RBI direction – What should depositors do now?
financialexpress.com/money/customers-of-this-bank-cannot-withdraw-money-from-their-accounts-after-rbi-direction-what-should-depositors-do-now-3453947/
South Korea's central bank holds rates, battling sticky inflation: South Korea's central bank left interest rates at a 15-year high on Friday as stubborn ...
reuters.com/markets/asia/south-koreas-central-bank-holds-rates-battling-sticky-inflation-2024-04-12/
It’s Time for the ECB to Diverge From Fed, Stournaras Says: The European Central Bank shouldn’t be afraid to shift its “overly prudent” stance on interest rates ...
bloomberg.com/news/articles/2024-04-12/it-s-time-for-the-ecb-to-diverge-from-the-fed-stournaras-says
Paid articlePaid Banks raise bad loans cover by Sh46bn as defaults soar: Commercial banks take initiatives to address the rising rate of defaults.
nation.africa/kenya/business/banks-raise-bad-loans-cover-by-sh46bn-as-defaults-soar-4587756
Clobbered Fed Rate Cut Bets Wipe Out Even Last Year’s Bond Gains: Investors wagering on an extension of last year’s global bond gains have been served a harsh ...
trib.al/9mfxlLj
Greek Bank Dividends: Central Bank Urges ECB to Let Lenders Do Payouts: Bank of Greece Governor Yannis Stournaras urged the European Central Bank to allow ...
bloomberg.com/news/articles/2024-04-12/greek-bank-dividends-central-bank-urges-ecb-to-let-lenders-do-payouts
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ADB ups India GDP forecast to 7% for FY25 on investments, consumer demand: Supply line disruptions and weather shocks to agriculture are key risks to outlook ...
business-standard.com/economy/news/adb-ups-india-gdp-forecast-to-7-for-fy25-on-investments-consumer-demand-124041100163_1.html
Quick Glance: ADB Forecasts Developing Asia Growth at 4.9% in 2024, Risks Persist
- ADB raised its growth forecast for Developing Asia to 4.9% in 2024, highlighting ongoing challenges like escalating geopolitical tensions.
- China remains a concern for regional growth due to a prolonged property crisis and other issues.
- The ADB predicts regional inflation to decrease to 3.0% by 2025.
- Detailed GDP growth and inflation forecasts for various Asian countries were also provided.
Japan repeats warning against excessively weak yen: Japanese Finance Minister Shunichi Suzuki said authorities were analysing not just recent yen declines but ...
reuters.com/markets/asia/japans-finance-minister-says-authorities-are-looking-factors-behind-yen-moves-2024-04-12/
Swedish Core Inflation Slower Than Expected as Rates Easing Approaches: Sweden’s underlying inflation rate fell more than expected in March, leaving the door ...
bloomberg.com/news/articles/2024-04-12/swedish-core-inflation-slower-than-expected-as-easing-approaches
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Analysis: Stage is set for ECB to be the reluctant hero in interest rate waiting game
businesspost.ie/article/analysis-stage-is-set-for-ecb-to-be-the-reluctant-hero-in-interest-rate-waiting-game/
Paid articlePaid Trichet Sees Public Debt Level More Worrying Than Before Lehman: Government debt has exploded to levels that are more concerning than it was before the ...
bloomberg.com/news/articles/2024-04-12/trichet-sees-public-debt-level-more-worrying-than-before-lehman
Moody's April projection says India's GDP set to expand 6.1% in 2024: New Delhi, Apr 12 (PTI) Moody's Analytics on Friday projected India's economy to ...
deccanherald.com/business/economy/moodys-april-2024-projection-says-indias-gdp-set-to-expand-61-in-2024-2975238
Big Bets on Fed Rate Cuts Look Like Fantasies: Welcome to the Weekly Fix, where fundamentals justify valuations. I’m cross-asset reporter Katie Greifeld.
bloomberg.com/news/newsletters/2024-04-12/big-bets-on-fed-rate-cuts-look-like-fantasies
Former Fed chair Bernanke calls for Bank of England forecasting revamp: His 86-page review makes 12 recommendations covering how the bank predicts inflation and ...
thenationalnews.com/business/uk/2024/04/12/former-fed-chair-bernanke-calls-for-bank-of-england-forecasting-revamp/
Singapore Central Bank MAS Keeps Policy Unchanged on Inflation Risks: Singapore’s central bank kept its monetary policy settings unchanged for a fourth straight ...
bloomberg.com/news/articles/2024-04-12/singapore-central-bank-keeps-policy-unchanged-on-inflation-risks
Paid articlePaid Historic BOJ Move Drives Up Short-Term Costs for Japanese Firms: Many Japanese companies are paying more to raise money from shorter-tenor notes as the Bank of ...
bloomberg.com/news/articles/2024-04-12/historic-boj-move-drives-up-short-term-costs-for-japanese-firms
Paid articlePaid BOE’s Greene Says ‘Relentless’ US Consumers Outpace UK, Eurozone: Bank of England policymaker Megan Greene said the US is outperforming the UK and the Eurozone ...
bloomberg.com/news/articles/2024-04-12/boe-s-greene-says-relentless-us-consumers-outpace-uk-eurozone
Paid articlePaid Euro (EUR USD) Falls to Five-Month Low as ECB-Fed Divergence Looms Large: The euro fell to its lowest level this year as the European Central Bank looks set to ...
bloomberg.com/news/articles/2024-04-12/euro-falls-to-five-month-low-as-ecb-fed-divergence-looms-large
Paid articlePaid Zenith Bank achieves historic triple-digit topline and bottom-line growth in 2023
premiumtimesng.com/promoted/685418-zenith-bank-achieves-historic-triple-digit-topline-and-bottom-line-growth-in-2023.html
Kazakhstan Ends Longest Easing Cycle With Eye on Price Pressures: Kazakhstan halted its longest series of interest-rate cuts in nearly a decade ...
bloomberg.com/news/articles/2024-04-12/kazakhstan-ends-longest-easing-cycle-with-eye-on-price-pressures
Paid articlePaid US equity funds see outflows as rate cut hopes fade: U.S. equity funds witnessed outflows for a second successive week in the seven days to April 10 as investors ...
reuters.com/markets/us/us-equity-funds-see-outflows-rate-cut-hopes-fade-2024-04-12/
Japan’s Five-Year Yield Rises to Highest Since 2011 on BOJ Bets - Bloomberg: Japan’s five-year bond yield climbed to the highest since 2011 on growing ...
bloomberg.com/news/articles/2024-04-12/japan-s-five-year-yield-rises-to-highest-since-2011-on-boj-bets
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Wall Street Breakfast: Welcome To Earnings Season: This article discusses big banks kicking off Q1 earnings season, an Amazon exec saying robots stealing jobs is ...
seekingalpha.com/article/4683428-wall-street-breakfast-welcome-to-earnings-season
ECB Versus the Fed: There’s a Danger to Going It Alone With Rate Cuts: I’m Craig Stirling, a senior editor in Frankfurt. Today we’re looking at the prospects for ...
bloomberg.com/news/newsletters/2024-04-12/ecb-versus-the-fed-there-s-a-danger-to-going-it-alone-with-rate-cuts
RBI Move on Indian Rupee (INR USD) Speculation Highlights Regulatory Risk: Exchange-traded currency derivatives thrived in India for over a decade ...
bloomberg.com/news/articles/2024-04-12/fx-derivatives-fiasco-puts-spotlight-on-regulatory-risk-in-india
Paid articlePaid Morning Bid: Fed leads race to cut last: A look at the day ahead in European and global markets from Kevin Buckland
reuters.com/markets/global-markets-view-europe-2024-04-12/
ECB Is on Track to Cut Interest Rates in June, Kazaks Says: The European Central Bank is on track to start lowering borrowing costs in June ...
bloomberg.com/news/articles/2024-04-12/ecb-is-on-track-to-cut-interest-rates-in-june-kazaks-says
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