Albanese to be PM as Morrison concedes
Anthony Albanese is set to become Australia’s 31st prime minister after Scott Morrison conceded defeat at the federal election. As vote counting continued, Labor was leading in 71 seats, to
ECB policymaker says rates will rise ‘very soon’
The European Central Bank (ECB) will likely decide at its next meeting to end its stimulus program in July, and raise interest rates “very soon” after that, ECB policymaker Pablo
BTC Most Resilient Blockchain After New ATH Mining Difficulty
The Bitcoin network has established a new mining difficulty all time high. Mining difficulty is there to protect the BTC ecosystem against any network attacks. The BTC network currently demands 220.436 million
Week Ahead Economic Preview: US, China retail sales and production data, plus UK inflation and jobs
The week ahead finds a busy economic calendar alongside a series of Fed appearances which remain in focus given uncertainties over the pace of monetary policy tightening. Both US and
Macro and Prices: Sentiment Swings Between Inflation and Recession
The market is a fickle mistress. The major central banks were judged to be behind the inflation curve. Much teeth-gashing, finger-pointing. Federal Reserve Chair Powell was blamed for denying that The Week Ahead: US CPI and PPI Set to Soften
The Fed’s 50 bp rate hike is behind us. Another 50 bp hike is expected next month. The April employment report will do little to calm the anxiety about the
U.S. Adds 428,000 Jobs in April, But Earnings Growth Cools Slightly
The U.S. created 428,000 nonfarm jobs in April – more than expected – bringing the labor force back ever closer to its pre-pandemic level. The Labor Department said that the jobless rate stayed at ECB’s Lagarde Says Stagflation Isn’t the Base Case
Stagflation isn’t the most likely economic outcome for the euro area, even as the war in Ukraine slows growth and speeds inflation, according to European Central Bank President Christine Lagarde.
Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T
The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion