Jerry Lin
The Latest
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China’s Inflation Rises on Weather-Driven Food Costs, But Deflation Woes Persist as Producer Prices Slide
According to data released by the National Bureau of Statistics (NBS) on Monday, the consumer price index (CPI) increased by 0.6% year-on-year, slightly up from a 0.5% rise in July but below the 0.7% forecasted by economists. However, the uptick, primarily attributed to higher food prices, failed to alleviate concerns over a deeper deflationary trend as producer prices fell more sharply than expected. 
According to data released by the National Bureau of Statistics (NBS) on Monday, the consumer price index (CPI) increased by 0.6% year-on-year, slightly up from a 0.5% rise in July but below the 0.7% forecasted by economists. However, the uptick, primarily attributed to higher food prices, failed to alleviate concerns over a deeper deflationary trend as producer prices fell more sharply than expected. -
EU Risks Economic Decline Without $800 Billion Annual Investment, Warns Draghi in Hard-Hitting Report
The European Union faces a looming crisis that could result in a "slow and agonizing decline" unless it dramatically increases its annual investment by up to €800 billion, according to a comprehensive report by former Italian Prime Minister and European Central Bank (ECB) President Mario Draghi. The report, which was commissioned by the European Commission, outlines the severe challenges the EU must address to avoid further economic stagnation and social unrest, calling for a significant boost in spending to revitalize the bloc's productivity and global competitiveness. 
The European Union faces a looming crisis that could result in a "slow and agonizing decline" unless it dramatically increases its annual investment by up to €800 billion, according to a comprehensive report by former Italian Prime Minister and European Central Bank (ECB) President Mario Draghi. The report, which was commissioned by the European Commission, outlines the severe challenges the EU must address to avoid further economic stagnation and social unrest, calling for a significant boost in spending to revitalize the bloc's productivity and global competitiveness. -
Morgan Stanley Slashes Oil Price Forecast Again as Demand Weakness Intensifies
Morgan Stanley has once again revised its oil price forecasts downward, reflecting growing concerns about global demand as supply remains abundant. The investment bank now expects Brent crude, the global oil benchmark, to average $75 per barrel in the fourth quarter of this year, a sharp reduction from its previous forecast of $80. This latest revision comes just weeks after the bank had already lowered its expectations from an earlier estimate of $85. 
Morgan Stanley has once again revised its oil price forecasts downward, reflecting growing concerns about global demand as supply remains abundant. The investment bank now expects Brent crude, the global oil benchmark, to average $75 per barrel in the fourth quarter of this year, a sharp reduction from its previous forecast of $80. This latest revision comes just weeks after the bank had already lowered its expectations from an earlier estimate of $85. -
U.S. Job Growth Slows in August, Setting the Stage for Potential Fed Rate Cuts
Payroll growth misses expectations as unemployment dips, adding complexity to the Federal Reserve's next move. 
Payroll growth misses expectations as unemployment dips, adding complexity to the Federal Reserve's next move. -
Oil Prices on the Brink: OPEC+ Delays Fail to Halt Weekly Decline Amidst Surplus Concerns
Brent crude futures face a significant weekly drop as market dynamics, despite OPEC+ production delays, point to potential declines to $60 per barrel by 2025. 
Brent crude futures face a significant weekly drop as market dynamics, despite OPEC+ production delays, point to potential declines to $60 per barrel by 2025. -
U.S. Crude Prices Near $69 as OPEC+ Extends Oil Production Cuts Through November
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, announced on Thursday that they will extend their current oil production cuts of 2.2 million barrels per day through November 2024. This decision comes as the coalition of the world's top oil producers grapples with declining crude and fuel prices, despite ongoing efforts to support the market through supply restrictions. 
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, announced on Thursday that they will extend their current oil production cuts of 2.2 million barrels per day through November 2024. This decision comes as the coalition of the world's top oil producers grapples with declining crude and fuel prices, despite ongoing efforts to support the market through supply restrictions. -
Oil Prices Edge Higher as OPEC+ Delays Production Hike
Oil prices saw a modest recovery on Thursday as the market reacted to a combination of factors, including a notable decline in U.S. crude inventories and a decision by OPEC+ members to delay a planned production increase. The move comes as oil prices have been under pressure, hitting multi-month lows earlier in the week, primarily due to persistent concerns about global demand. 
Oil prices saw a modest recovery on Thursday as the market reacted to a combination of factors, including a notable decline in U.S. crude inventories and a decision by OPEC+ members to delay a planned production increase. The move comes as oil prices have been under pressure, hitting multi-month lows earlier in the week, primarily due to persistent concerns about global demand. -
August Job Growth Falters as U.S. Private Sector Hiring Hits Lowest Point Since 2021
The U.S. private sector experienced its weakest job growth in more than three-and-a-half years in August, a stark indication that the labor market's momentum is faltering. According to a report released Thursday by ADP, private payrolls increased by just 99,000 in August, significantly below the 140,000 jobs anticipated by economists and the smallest gain since January 2021. This disappointing figure adds to the growing body of evidence suggesting that the U.S. labor market is facing a significant slowdown. 
The U.S. private sector experienced its weakest job growth in more than three-and-a-half years in August, a stark indication that the labor market's momentum is faltering. According to a report released Thursday by ADP, private payrolls increased by just 99,000 in August, significantly below the 140,000 jobs anticipated by economists and the smallest gain since January 2021. This disappointing figure adds to the growing body of evidence suggesting that the U.S. labor market is facing a significant slowdown. -
Bitcoin Sinks Below $57K Amid Market Jitters and ETF Outflows as Fed Concerns Mount
Bitcoin fell over 2%, trading at around $56,700, marking a continuation of the "sell-on-rise" pattern that has characterized its recent market behavior. 
Bitcoin fell over 2%, trading at around $56,700, marking a continuation of the "sell-on-rise" pattern that has characterized its recent market behavior. -
U.S. Job Openings Plummet to Two-Year Low, Raising Concerns Over Labor Market Stability
Job openings in the United States fell to their lowest level since January 2021, according to new data released by the Bureau of Labor Statistics on Wednesday. The latest figures show that job openings dropped to 7.67 million at the end of July, down from 7.91 million in June. This sharp decline has raised alarms among economists and investors, who are closely watching for signs that the labor market is cooling faster than anticipated, potentially prompting the Federal Reserve to reconsider its interest rate strategy. Job openings in the United States fell to their lowest level since January 2021, according to new data released by the Bureau of Labor Statistics on Wednesday. The latest figures show that job openings dropped to 7.67 million at the end of July, down from 7.91 million in June. This sharp decline has raised alarms among economists and investors, who are closely watching for signs that the labor market is cooling faster than anticipated, potentially prompting the Federal Reserve to reconsider its interest rate strategy.
