Federal Reserve Bank of Minneapolis President Neel Kashkari said on Thursday that the U.S. was making positive moves to curb inflation, but that the pace of inflation was more than policymakers could tolerate. . “Inflation is slowing right now. But he said inflation was “still too high.” He will vote at this year’s Federal Open … Read more
In July, the US consumer price index (CPI), which excludes food and energy, rose 0.2% from the previous month. Growth remained low following June. It further bolstered hopes that the Fed will be able to calm inflation without triggering a recession. U.S. CPI core index slows for 2nd straight month, hopes for subduing inflation (3) … Read more
The stock price of Berkshire Hathaway, an investment and insurance company led by US billionaire Warren Buffett, reached a new high on the 7th. Operating income exceeded market expectations in the April-June (second quarter) financial results announced on the 5th. Related article Berkshire’s Class B shares climbed 3.6% to $362.58, hitting a new all-time high … Read more
Nippon Life Insurance announced on the 7th that it will exclude tobacco-related stocks from its investment targets as part of its efforts to strengthen ESG (environmental, social, and corporate governance) measures.announcementbottom. Expand the scope of “negative screening,” which excludes stocks deemed inappropriate from an ESG perspective. It is the first major life and non-life insurance … Read more
The July nonmanufacturing headline index released by the Institute for Supply Management (ISM) showed a slowdown in activity, partly due to slowing job growth. Key Point Nonmanufacturing Headline Index fell 1.2 points to 52.7 Median market forecast compiled by Bloomberg was 53.1 last month 53.9 Index 50 marks the line between expansion and contraction in … Read more
The risks are beginning to outweigh the rewards for hedge funds as they grapple with an unusual 2023 U.S. stock market. Professional managers who are both bullish and bearish on equities trimmed positions on both sides of the book last week, according to aggregated data from JPMorgan Chase & Co.’s prime brokerage division. The rush … Read more
Chicago Fed President Goolsby said data showing slowing inflation was “great news” but said he had not decided whether to support a moratorium on rate hikes at the next meeting of the Federal Open Market Committee (FOMC). In an interview with Yahoo Finance on Wednesday, he said, “I haven’t decided yet what to do in … Read more
Consolidated financial results for the first quarter (April-June 2023) of the three mega banking groups in Japan will be available by August 1st. The total net profit forecast (average) compiled by Bloomberg is expected to increase significantly to 781.5 billion yen, up 48.7% from the same period last year. The breakdown is 386.5 billion yen … Read more
While the bullish U.S. stock market has created a fearless atmosphere among traders right now, some strategists are gearing up for the potential for a sell-off. The S&P 500 is up 19% year-to-date, and wait-and-see investors are back in the market. Traders’ exposure to equities is at historically high levels, according to an analysis by … Read more
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