In the US, key inflation indicators indicated continued easing of price pressures. Personal consumption was also active, and it became clear that the economy was gaining momentum ahead of the July-September quarter (third quarter). Key Points U.S. Personal Consumption Expenditures (PCE) rose 0.5% month-on-month in June Economists’ median estimate rose 0.4% Personal income rose 0.3% … Read more
Airbus released the latest global market forecast. By 2042, the Chinese market will need more than 9,440 new passenger and cargo aircraft, accounting for 23% of the total global demand for new aircraft during the same period. According to statistics from the Civil Aviation Administration, by the end of 2022, the number of transport aircraft … Read more
Abu Dhabi – Live: RAKBANK announced its highest semi-annual profit ever, amounting to 901 million dirhams, an increase of 71% compared to the first half of 2022, while total revenue increased year-on-year by 42% to 2.2 billion dirhams. Customer deposits rose to 49 billion dirhams, an increase of 19% year-on-year, with the share of current … Read more
At the municipal council meeting, Treasurer Rolf Wöhrle read out the district office’s budget decree on the core budget and on the budgets of the water and wastewater companies. The core budget does not violate any legal provisions and can be implemented subject to reservations, notices and conditions. However, the planned borrowing of 2.655 million … Read more
However, it seems that the numbers continue to cost us, and a lot. We close our eyes to expenses and debts, completely forgetting to prepare a financial plan and follow it to the letter, regardless of the individual economic situation, or the historical moment we are living. This has been observed by Inés Valderrábano, a … Read more
The Political Bureau of the CPC Central Committee held a meeting on July 24 to analyze and study the current economic situation and deploy economic work in the second half of the year. Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting. The meeting held that since the beginning of this … Read more
The US stock market rose on the 24th. Buying prevailed ahead of major central bank policy decisions and corporate earnings releases. S&P 500 Stock Index 4554.6418.300.40% Dow Jones Industrial Average 35411.24183.550.52% Nasdaq Composite Index 14058.8726.060.19% This week, the US Federal Open Market Committee (FOMC) and the European Central Bank (ECB) will hold policy-making meetings. Disappointing … Read more
In the sluggish state of the real estate situation, the meetings on real estate, especially the high-level meetings, have attracted the attention of the market. Previously, the market expected positive policies to further boost the property market. Now, a new round of policies may be coming. On July 24, the Politburo meeting of the Central … Read more
Malik Salameh – Mubasher: UAE financial market indices rose at the end of trading today, Monday, amid investors’ expectations that the US Federal Reserve will stop raising interest rates during its meeting this week. According to the data of the UAE financial markets, the Abu Dhabi Stock Exchange achieved profits amounting to 25 billion dirhams, … Read more
Ultra-long-term interest rates will gradually decline heading into the Bank of Japan’s monetary policy meeting on the 28th. Over the weekend, reports on the Bank of Japan forced investors to buy higher-priced bonds as they lost the chance to buy dips due to expectations of a yield curve control (YCC) correction. The yield on newly … Read more