A shortage of skilled labor is a problem in many developed economies, but it has become acute in the UK — particularly in England. The country’s new government is targeting a reset. The United Kingdom...
China’s ambition to be the world’s largest economy has been dented by COVID-19, the real estate crisis and an aging population. Boosting growth will be top of mind as Communist Party officials prepare to meet...
For lovers of big music concerts, 2023 has been a renaissance year. After the pandemic put the squeeze on large events for the better part of three years, a host of megastars have embarked on...
Britain will award hundreds of new licences to explore for oil and gas in the North Sea, its government says. Premier Rishi Sunak said it was “vital” to boost the country’s energy independence. The UK is to...
The market has concluded that the Fed will hike rates today. The US two-year yield has risen from about 3.63% at Monday’s lows almost 4.20% yesterday. It needs to rise to 4.35% to recover half...
The focus is on the US CPI report today, but the price action is anything but intuitive. Although the revisions of the basket and methodological changes reinforce expectations for the largest rise in three months,...
With the market nearly ruling out a 50 bp hike by the Federal Reserve on February 1, the interest rate adjustment appears to have largely run its course. This may be helping to ease the...
Seven of the G10 central banks pumped the brakes between last week and this week as they purposely seek to push demand back into line with supply. And there are more signs that they are...
China’s new initiatives to support the property sector helped lift the Hang Seng. And while the China’s CSI 300 edged higher both the Shanghai and Shenzhen composites fell. Most Asia Pacific markets fell, while Europe’s...
The dollar continues to ride high. It reached its highest level against the yen since the recent intervention. The Canadian dollar has fallen to its lowest level in two-and-a-half years and the New Zealand dollar...
Liz Truss has endured a brutal start to her tenure as UK prime minister. Her first major policy move led to financial chaos and a humiliating U-turn. Her position is already in doubt, as the...
Sterling’s pounding continued in Asia where it was driven to $1.0350, a new record low before stabilizing. UK rates also continued to rise sharply after the new government promised more tax cuts next year. The...
