Investors in Asian stock markets were assessing the latest US labor market data on April 5, which resulted in a mixed performance across the region. The Tokyo stock market’s Nikkei index closed down 1.68% at 27,813.26, following weak US economic and labor data. This raised concerns about a potential recession in the US economy, which […]
The Philippine National Statistical Office recently reported that the Consumer Price Index (CPI) rose 7.6% in March compared to the same month last year. This was the slowest expansion in six months and below the expected 8% increase. The Philippine CPI slowed for the second straight month due to the decline in food prices and
Thailand’s inflation rate for March dropped to 2.83%, the lowest in 15 months, due to declining energy prices, according to data released by the Office of Trade Policy and Strategy (Public Organization), Ministry of Commerce. The headline consumer price index (CPI) came in at 107.76 in March, pushing inflation down from February. The average inflation
Oil prices closed slightly higher on Tuesday (April 4) as concerns over weak economic data from China and the United States weighed on investor sentiment, overshadowing positive news from the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC Plus, who announced a reduction in oil production by over 1 million barrels
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Former US President Donald Trump Faces Felony Charge for Falsifying Business Records Donald Trump, the former President of the United States, has made a statement to the media from his Mar-a-Lago resort, expressing concerns over a felony charge for falsifying business records in relation to a payment made to an adult film star to silence
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On Tuesday, Asian stocks ended mostly positive as the Reserve Bank of Australia (RBA) held its interest rate unchanged at the Monetary Policy Day meeting. The decision helped calm investors’ nerves about rising inflation concerns and boosted buying sentiment in the region. In Japan, the Nikkei closed higher at 28,287.42, up 99.27 points, or +0.35%,
In its meeting today, the Reserve Bank of Australia (RBA) announced that it would maintain its policy rate at 3.6%. This marks the first time since April 2022 that the RBA has not increased interest rates. According to a statement released by the RBA, the decision was made to give the committee more time to
South Korea’s consumer price index (CPI) growth slowed down to a one-year low in March, according to a statement by the central bank of Korea (BOK) on Monday, April 4. This development is the latest signal that inflation may ease this year. The CPI, which measures inflation on consumer spending, rose 4.2 percent year on
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Oil prices surged on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC Plus, announced an unexpected cut in oil production. The move was aimed at preventing a global oil supply glut, which has been a concern due to rising inventories and recession fears. According to the
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The Bank of Israel announced on Monday that it has raised its key interest rate by 0.25% to 4.50%. This marks the highest level since December 2006 and is aimed at curbing inflation, which reached 5.4% in January, the highest level in 12 years and above the government’s target of 1-3 percent. The decision to
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