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
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
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 rose to 2.4 percent in December 2024, up from 2.2 percent in November, driven mainly by a 4 percent increase in services inflation; rising energy and potential agricultural commodity price increases add further upward pressure.
Eurozone Inflation Rises to 2.4% in December 2024
Eurozone inflation rose to 2.4 percent in December 2024, up from 2.2 percent in November, driven mainly by a 4 percent increase in services inflation; rising energy and potential agricultural commodity price increases add further upward pressure.
Progress
24% 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
Mortgage Rates Hit Highest Point Since July 2024, Causing Application Volume to Plummet
Mortgage application volume fell 3.7% last week due to a fourth consecutive weekly rise in rates, reaching 6.99% for a 30-year fixed-rate mortgage—the highest since July 2024; purchase applications dropped 7% weekly and 15% yearly, while refinance applications rose 2% weekly but fell 6% yearly.
Mortgage Rates Hit Highest Point Since July 2024, Causing Application Volume to Plummet
Mortgage application volume fell 3.7% last week due to a fourth consecutive weekly rise in rates, reaching 6.99% for a 30-year fixed-rate mortgage—the highest since July 2024; purchase applications dropped 7% weekly and 15% yearly, while refinance applications rose 2% weekly but fell 6% yearly.
Progress
36% Bias Score
French Mortgage Rates Plummet, Offering Significant Savings to Borrowers
French mortgage rates have fallen more than 1% since December 2023, saving borrowers substantial sums and prompting predictions of further decreases to an average of 2.5% by year-end, due to banks' competitive strategies.
French Mortgage Rates Plummet, Offering Significant Savings to Borrowers
French mortgage rates have fallen more than 1% since December 2023, saving borrowers substantial sums and prompting predictions of further decreases to an average of 2.5% by year-end, due to banks' competitive strategies.
Progress
52% 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
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
Australian Inflation Rises to 2.3% in November
Australia's November inflation rate climbed to 2.3%, exceeding expectations despite a fall in the underlying rate to 3.2%; this increase, partly due to a change in government energy rebates, casts doubt on a February interest rate cut, creating economic uncertainty in an election year.
Australian Inflation Rises to 2.3% in November
Australia's November inflation rate climbed to 2.3%, exceeding expectations despite a fall in the underlying rate to 3.2%; this increase, partly due to a change in government energy rebates, casts doubt on a February interest rate cut, creating economic uncertainty in an election year.
Progress
48% Bias Score
Australian Market Set for Slow Start After Wall Street Falls
The Australian share market is predicted to open lower on Wednesday, following a 1.1 percent fall in the S&P 500 overnight due to rising bond yields despite positive US economic data, with ASX 200 futures down 0.1 percent at 8.30 am.
Australian Market Set for Slow Start After Wall Street Falls
The Australian share market is predicted to open lower on Wednesday, following a 1.1 percent fall in the S&P 500 overnight due to rising bond yields despite positive US economic data, with ASX 200 futures down 0.1 percent at 8.30 am.
Progress
44% Bias Score
Cooling Inflation May Lead to RBA Rate Cut in February
Australia's November inflation rose to 2.3 percent year-on-year, with underlying inflation cooling to 3.2 percent, potentially leading to an RBA interest rate cut in February 2025; however, some economists remain cautious due to persistent services inflation.
Cooling Inflation May Lead to RBA Rate Cut in February
Australia's November inflation rose to 2.3 percent year-on-year, with underlying inflation cooling to 3.2 percent, potentially leading to an RBA interest rate cut in February 2025; however, some economists remain cautious due to persistent services inflation.
Progress
36% Bias Score