Australian Dollar Falls to US62¢ Amidst China Slowdown and US Interest Rate Outlook
The Australian dollar has fallen to US62¢, its lowest since the early 2010s, due to reduced demand from China and the US Federal Reserve signaling fewer interest rate cuts, impacting importers and benefiting exporters.
Australian Dollar Falls to US62¢ Amidst China Slowdown and US Interest Rate Outlook
The Australian dollar has fallen to US62¢, its lowest since the early 2010s, due to reduced demand from China and the US Federal Reserve signaling fewer interest rate cuts, impacting importers and benefiting exporters.
Progress
36% Bias Score
German Book Market Shows Mixed Results in 2024: Revenue Up, Sales Down
Despite a 0.8% overall revenue increase in the German book market in 2024, driven by a 2.6% price hike, the number of books sold dropped by 1.7%, indicating reduced consumer spending. Fiction and non-fiction performed well, while travel and advice books saw declines. Data from Media Control's Handel...
German Book Market Shows Mixed Results in 2024: Revenue Up, Sales Down
Despite a 0.8% overall revenue increase in the German book market in 2024, driven by a 2.6% price hike, the number of books sold dropped by 1.7%, indicating reduced consumer spending. Fiction and non-fiction performed well, while travel and advice books saw declines. Data from Media Control's Handel...
Progress
24% Bias Score
UK Gilt Rate Soars to 27-Year High, Jeopardizing Government Spending Plans
The UK's 30-year gilt interest rate has hit a 27-year high of 5.25 percent, jeopardizing Chancellor Rachel Reeves's spending plans and exceeding the crisis that ended Liz Truss's premiership, with analysts warning of a 'more dire' situation due to 'sticky' inflation and stalling growth.
UK Gilt Rate Soars to 27-Year High, Jeopardizing Government Spending Plans
The UK's 30-year gilt interest rate has hit a 27-year high of 5.25 percent, jeopardizing Chancellor Rachel Reeves's spending plans and exceeding the crisis that ended Liz Truss's premiership, with analysts warning of a 'more dire' situation due to 'sticky' inflation and stalling growth.
Progress
48% Bias Score
Australia's CPI Rises, Exceeding Expectations
Australia's November annualized CPI increased to 2.3%, exceeding forecasts, driven by higher food and beverage prices, while trimmed mean inflation slowed to 3.2%.
Australia's CPI Rises, Exceeding Expectations
Australia's November annualized CPI increased to 2.3%, exceeding forecasts, driven by higher food and beverage prices, while trimmed mean inflation slowed to 3.2%.
Progress
24% Bias Score
Trump Tariffs Could Force Fed to Halt Rate Cuts Amid Inflation Concerns
Bank of America warns that President-elect Trump's planned aggressive tariffs could force the Federal Reserve to halt further rate cuts in 2025 due to rising inflation; economists predict that some tariff costs will be passed to consumers, potentially causing a short-term inflation spike, impacting ...
Trump Tariffs Could Force Fed to Halt Rate Cuts Amid Inflation Concerns
Bank of America warns that President-elect Trump's planned aggressive tariffs could force the Federal Reserve to halt further rate cuts in 2025 due to rising inflation; economists predict that some tariff costs will be passed to consumers, potentially causing a short-term inflation spike, impacting ...
Progress
48% Bias Score
Global Bond Selloff Deepens Amidst Trump Uncertainty and Rising Inflation
A sharp selloff in global government bond markets, driven by uncertainty over President-elect Trump's policies and rising inflation, is sending shockwaves through financial markets, impacting currencies and increasing borrowing costs for governments.
Global Bond Selloff Deepens Amidst Trump Uncertainty and Rising Inflation
A sharp selloff in global government bond markets, driven by uncertainty over President-elect Trump's policies and rising inflation, is sending shockwaves through financial markets, impacting currencies and increasing borrowing costs for governments.
Progress
44% Bias Score
UK Grocery Prices to Surge 4.2% Due to Budget Tax Hikes
UK grocery prices are expected to rise by 4.2% in the latter half of 2024 due to budget tax increases, impacting household budgets already strained by rising costs; retailers like Tesco anticipate significant financial effects.
UK Grocery Prices to Surge 4.2% Due to Budget Tax Hikes
UK grocery prices are expected to rise by 4.2% in the latter half of 2024 due to budget tax increases, impacting household budgets already strained by rising costs; retailers like Tesco anticipate significant financial effects.
Progress
56% Bias Score
U.S. Stock Futures Rise Despite Inflation Concerns
U.S. stock futures rose slightly on Wednesday morning, boosted by anticipation of economic data and Fed meeting minutes, but concerns about inflation persist after Tuesday's market decline due to robust job growth and services activity. The 10-year Treasury yield hit an eight-month high, while inves...
U.S. Stock Futures Rise Despite Inflation Concerns
U.S. stock futures rose slightly on Wednesday morning, boosted by anticipation of economic data and Fed meeting minutes, but concerns about inflation persist after Tuesday's market decline due to robust job growth and services activity. The 10-year Treasury yield hit an eight-month high, while inves...
Progress
44% Bias Score
Inflation Fears Trigger U.S. Market Sell-Off
U.S. stocks tumbled on December 2024 after the ISM services index's price index surged to 64.4%, exceeding 60% for the first time since January 2024, prompting concerns about inflation and triggering a rise in Treasury yields and a market sell-off.
Inflation Fears Trigger U.S. Market Sell-Off
U.S. stocks tumbled on December 2024 after the ISM services index's price index surged to 64.4%, exceeding 60% for the first time since January 2024, prompting concerns about inflation and triggering a rise in Treasury yields and a market sell-off.
Progress
60% Bias Score
Inflation Concerns Trigger Market Selloff as ISM Services Index Jumps
Tuesday's ISM purchasing managers' services index showed a 6.2-point jump in its price component to 64.4, exceeding expectations, triggering a stock market selloff, increasing Treasury yields, and reducing anticipated Federal Reserve rate cuts in 2025.
Inflation Concerns Trigger Market Selloff as ISM Services Index Jumps
Tuesday's ISM purchasing managers' services index showed a 6.2-point jump in its price component to 64.4, exceeding expectations, triggering a stock market selloff, increasing Treasury yields, and reducing anticipated Federal Reserve rate cuts in 2025.
Progress
48% Bias Score
Eurozone Inflation Rises to 2.4% in December 2024
Eurozone inflation reached 2.4 percent year-on-year in December 2024, up from 2.2 percent in November, with services inflation at 4 percent. Germany's inflation was 2.6 percent.
Eurozone Inflation Rises to 2.4% in December 2024
Eurozone inflation reached 2.4 percent year-on-year in December 2024, up from 2.2 percent in November, with services inflation at 4 percent. Germany's inflation was 2.6 percent.
Progress
16% Bias Score
Trump to Declare National Energy Emergency
President-elect Trump will declare a national energy emergency on his first day, ending President Biden's restrictions on energy production, eliminating the electric vehicle mandate, and canceling renewable energy incentives to address rising costs and job losses.
Trump to Declare National Energy Emergency
President-elect Trump will declare a national energy emergency on his first day, ending President Biden's restrictions on energy production, eliminating the electric vehicle mandate, and canceling renewable energy incentives to address rising costs and job losses.
Progress
72% Bias Score