In the first quarter of 2024, the Chinese GDP growth is expected to have declined due to an ongoing real estate market downturn.
The recent and still ongoing surge of the US Dollar has been attributed to the markets changing their expectations for US monetary policy. As new data continues to confirm a return of inflation, US monetary policy is expected to return to tightening instead of easing.
Reuters has reported that Chinese and Russian firms have been marking new copper and other metals as scrap metal to avoid taxation and sanctions set on such exports.
At the start of the week, the financial markets were watching the Middle East, as a response from Israel to the weekend attack was expected to impact commodity prices.
The US Census Bureau has published the United States monthly retail sales data. In general, the data shows high demand at the retail level. The publication strengthened the US Dollar's value.
During Monday's Asian trading hours, stock indices of Asian stock markets declined, as the market expected to all profit be reduced by higher costs that would be created by increased oil prices as a result of an escalation of the conflict in Middle East.
On Monday, market analysts expected crude oil prices to surge at the start of US market trading, as middle east geopolitics are set to squeeze supply.
The Governor of the Bank of Japan Kazuo Ueda has stated that he BoJ has ruled out responding to a weak Japanese Yen by hiking interest rates.
A poll done by Reuters has revealed that it is likely that In April exports from China have increased, after a drop in March.
During the first quarter of 2024, BMW has increased its total car sales by 1.1%. Meanwhile, its competitor Mercedes Benz has experienced a 6.00% decline that was attributed to supply chain issues.
The sports apparel brand Nike has set out to reveal new kits for national Olympic teams. By doing so, the firm intends to increase demand for its products.
The ongoing boom in Chinese electric vehicle export boom has increased demand for ships that are capable of shipping cars.
Deutsche Telekom, Airbus, Orange and additional 15 EU companies have expressed their anger with a recent proposal to allow Google, Microsoft and Amazon access to sensitive EU cloud contracts.
In the aftermath of a company split, General Electric units appear to have started a reshuffle in management. The CEO of GE Aerospace Larry Culp has revealed that the CCO of the firm is set to step down in June.
On Thursday, Asian stock prices declined due to the high US inflation, which indicates that the United States Federal Reserve would have to hike its base interest rate. This would reduce the amount of capital available for investment into Asia.
The World Trade Organization has announced this week that after a drop in 2023, global trade should recovered by 2.6% in 2024 and 3.3% in 2025. Trade should recovered due to decreasing inflation. However, the WTO has already decreased its 2024 forecast from 3.3% to 2.6% and most recent inflation data has shown a return of inflation.
The German luxury brand Porsche has reported that in the first quarter of the year its total deliveries have declined by 4.00%, compared to Q1 of 2023.
US airline Delta Air Lines has revealed that it expects high travel demand to increase its current quarter earnings. The announcement caused a 3.00% surge of the company's stock price.
The Vietnamese authorities have ordered Netflix to stop distributing and advertising its games before April of 25, as the firm has not acquired the proper license.
In the aftermath of US monetary policy maker comments of no rate cuts during 2024 and a publication of higher than expected inflation, markets have moved their June rate hike expectations to September, despite evidence that there might be no cuts at all.
In the first quarter of 2024, Volkswagen has managed to increase global vehicle sales by 3.1%, compared to Q1 of 2023.
The US Bureau of Labor Statistics has published the US Producer Price Index data sets. Namely, price inflation change at the company level. It turns out that producer inflation has grown, but at an expected pace.
The European Central Bank has published its Main Refinancing Rate. The central bank has kept its rate at 4.50%, as it was expected by the financial markets.
Reuters has reported that recent higher than expected US consumer inflation data publication has forced investors to adjust portfolios, as there could be no interest rate cuts in 2024.