Jerry Lin
The Latest
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Oil Prices Set for Weekly Gain Amid Positive Economic Indicators
Global oil prices steadied on Friday, positioning Brent crude for its first weekly gain in three weeks. Economic indicators from major consumers China and the United States have bolstered hopes for increased demand, contributing to the positive market sentiment. 
Global oil prices steadied on Friday, positioning Brent crude for its first weekly gain in three weeks. Economic indicators from major consumers China and the United States have bolstered hopes for increased demand, contributing to the positive market sentiment. -
Bitcoin Surges Above $66,000 as Inflation Eases, Boosting Market Sentiment
Bitcoin surged past $66,000 early Thursday morning, driven by signs of easing inflation in the U.S., marking a significant uptick in the cryptocurrency market. This notable rise comes as the digital asset experiences a 6.6% increase from the previous day, reaching $66,245.22 at the time of writing. This marks an 8.3% gain from last week, with $82 billion worth of Bitcoin traded over the past 24 hours, according to Coinglass. 
Bitcoin surged past $66,000 early Thursday morning, driven by signs of easing inflation in the U.S., marking a significant uptick in the cryptocurrency market. This notable rise comes as the digital asset experiences a 6.6% increase from the previous day, reaching $66,245.22 at the time of writing. This marks an 8.3% gain from last week, with $82 billion worth of Bitcoin traded over the past 24 hours, according to Coinglass. -
Crypto Craze Hits New Heights in South Korea with 10% of Population Trading
The enthusiasm of retail investors in South Korea for cryptocurrency is notable, demonstrating a robust gambling spirit. 
The enthusiasm of retail investors in South Korea for cryptocurrency is notable, demonstrating a robust gambling spirit. -
Japan's Economy Contracts Sharply, Complicating Central Bank's Rate Hike Plans
Japan's economy contracted significantly in the first quarter, posing a fresh challenge to policymakers as the Bank of Japan (BOJ) navigates its path away from near-zero interest rates. Preliminary gross domestic product (GDP) data from the Cabinet Office released on Thursday indicated a 2.0% annualized contraction from the previous quarter, outpacing the 1.5% decline forecasted by economists in a Reuters poll. 
Japan's economy contracted significantly in the first quarter, posing a fresh challenge to policymakers as the Bank of Japan (BOJ) navigates its path away from near-zero interest rates. Preliminary gross domestic product (GDP) data from the Cabinet Office released on Thursday indicated a 2.0% annualized contraction from the previous quarter, outpacing the 1.5% decline forecasted by economists in a Reuters poll. -
U.S. Inflation Eases in April, But Core Prices Remain Stubbornly High
U.S. consumer price increases cooled slightly in April, offering a glimmer of relief amid persistent inflationary pressures. The Consumer Price Index (CPI) rose 0.3% over the previous month and 3.4% year-over-year, according to the Bureau of Labor Statistics. This marks a deceleration from March's 0.4% monthly increase and 3.5% annual gain. 
U.S. consumer price increases cooled slightly in April, offering a glimmer of relief amid persistent inflationary pressures. The Consumer Price Index (CPI) rose 0.3% over the previous month and 3.4% year-over-year, according to the Bureau of Labor Statistics. This marks a deceleration from March's 0.4% monthly increase and 3.5% annual gain. -
Eurozone Sees Positive GDP Growth in Q1 Amidst Economic Recovery Hopes
On Wednesday, data released by Eurostat showed that after a slight recession in the latter half of 2023, the Eurozone's GDP grew both quarter-on-quarter and year-on-year in the first quarter, with Germany, typically a lagging economy, also exceeding expectations. 
On Wednesday, data released by Eurostat showed that after a slight recession in the latter half of 2023, the Eurozone's GDP grew both quarter-on-quarter and year-on-year in the first quarter, with Germany, typically a lagging economy, also exceeding expectations. -
Copper Surges to Unprecedented $5 Per Pound Amid Soaring Demand
Copper prices surged to unprecedented levels, with May and June U.S. copper contracts breaking the $5 per pound mark for the first time in history. This historic milestone reflects a broader trend of rising demand and constrained supply, driven by the green energy transition, growing data center needs, and an improving Chinese economy. 
Copper prices surged to unprecedented levels, with May and June U.S. copper contracts breaking the $5 per pound mark for the first time in history. This historic milestone reflects a broader trend of rising demand and constrained supply, driven by the green energy transition, growing data center needs, and an improving Chinese economy. -
Powell Signals Extended Period of High Interest Rates Amid Persistent Inflation
Federal Reserve Chair Jerome Powell reiterated on Tuesday that inflation remains more persistent than anticipated, indicating that the central bank will maintain its current interest rate levels for an extended period. Speaking at the annual general meeting of the Foreign Bankers' Association in Amsterdam, Powell acknowledged that the rapid disinflation observed in 2023 has significantly slowed, necessitating a reconsideration of monetary policy. Federal Reserve Chair Jerome Powell reiterated on Tuesday that inflation remains more persistent than anticipated, indicating that the central bank will maintain its current interest rate levels for an extended period. Speaking at the annual general meeting of the Foreign Bankers' Association in Amsterdam, Powell acknowledged that the rapid disinflation observed in 2023 has significantly slowed, necessitating a reconsideration of monetary policy. -
U.S. Wholesale Prices Surge in April, Complicating Federal Reserve's Rate Cut Plans
Wholesale prices in the United States rose more than expected in April, signaling persistent inflationary pressures and complicating the Federal Reserve's plans for potential interest rate cuts. The producer price index (PPI), which measures the prices producers receive for their goods, increased by 0.5% for the month, surpassing the 0.3% estimate from Dow Jones, according to data released by the Labor Department's Bureau of Labor Statistics on Tuesday. 
Wholesale prices in the United States rose more than expected in April, signaling persistent inflationary pressures and complicating the Federal Reserve's plans for potential interest rate cuts. The producer price index (PPI), which measures the prices producers receive for their goods, increased by 0.5% for the month, surpassing the 0.3% estimate from Dow Jones, according to data released by the Labor Department's Bureau of Labor Statistics on Tuesday. -
Dollar Rises as Traders Anticipate U.S. Inflation Data Amid Market Volatility While Yen and Yuan Face Pressure
The U.S. dollar edged higher on Tuesday as financial markets braced for upcoming U.S. inflation data, with traders keenly watching the Consumer Price Index (CPI) scheduled for release on Wednesday. The yen hovered near a two-week low, raising concerns about potential intervention by Japanese authorities. 
The U.S. dollar edged higher on Tuesday as financial markets braced for upcoming U.S. inflation data, with traders keenly watching the Consumer Price Index (CPI) scheduled for release on Wednesday. The yen hovered near a two-week low, raising concerns about potential intervention by Japanese authorities.
