Gold prices are advancing amid a slump in global equities and on the back of expectations that the US Federal Reserve (the Fed) will cut interest rates at least twice this year, beginning in July. The price of the precious metal rose to a more than 13-month high on Friday, June 7, after unexpectedly weak US jobs data raised hopes that it would provide the necessary trigger for the Fed to ease rates.
The International Monetary Fund (IMF) recently published its forecast for global economic growth, also referred to as the “World Economic Outlook” (WEO), in which the international body downsized its global growth outlook for 2018-19.
Japan’s international-trade balance jumped to a whopping ¥139.56-billion surplus in September, after registering two successive months of deficits. The trade numbers came in better than Street expectations of a ¥50-billion deficit but narrowed considerably from the ¥654-billion surplus
Turkey’s official currency, the lira, has been at the forefront of global news for the last couple of months. While speculations are running rife that the ongoing conflict in Syria is leading the United States to up its ante against Turkey
US second quarter advanced gross domestic product (GDP) numbers for 2017 are expected to be announced on Friday, July 28—and the stock markets are already excited, with key indices scaling fresh all-time highs, anticipating the US economy to rebound after disappointing in the first quarter.