Natural Disasters Cost China 13 bln in JanuaryJune

BEIJING, July 12 Reuters China suffered direct economic loss worth 93.16 billion yuan 12.83 billion in the first half of this year due to natural disasters, the government said on Friday. This is the deepest firsthalf disasterrelated loss since 2019, according to data available on the Emergency Management Ministry website, as the country suffered flooding, […]
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Chinas Exports Top Forecasts, but Falling Imports Point to more Stimulus

China39;s June exports top forecasts, imports fall Import data underlines weak domestic demand concerns Orders frontloaded ahead of expected tariffs, analysts say Economists expect fiscal stimulus to help boost domestic demand BEIJING, July 12 Reuters China39;s exports grew at their fastest in fifteen months in June, suggesting manufacturers are frontloading orders ahead of tariffs expected […]
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Yen Keeps Markets on Edge, Data Points to BOJ Intervention

LONDON, July 12 Reuters The yen steadied on Friday, a day after the Bank of Japan likely intervened to prop up the currency, on the coattails of an unexpected drop in U.S. consumer prices that fuelled the largest drop in the dollar since May. The Japanese currency , which has been languishing around 38year lows, strengthened rapidly […]
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Indias TCS Jumps after Q1 Results Indicate Worst is Over

BENGALURU, July 12 Reuters Tata Consultancy Services39; shares gained nearly 3 on Friday, a day after India39;s top IT services firm reported firstquarter results that signalled early signs of revival for a sector that has been grappling with sluggish demand. The gains pushed the IT index up 3.4, its highest level since January 2022. With a return […]
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U.S. Inflation Surprise Dropped to 3, Massive USD Weakening, JPY Strengthened, Gold Jumped, Crude Oil Stable, U.S. Indices Plunged

Previous Trading Days Events 11.07.2024 The U.S. consumer prices fell for the first time in four years in June drawing the Federal Reserve another step closer to cutting interest rates in September. The lowerthanexpected CPI inflation reading helped boost confidence among officials at the U.S. central bank that inflation is cooling after surging in the […]
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