Jerry Lin
The Latest
-
Biden Bows Out, Trump Trade Falters
The recent decision by President Joe Biden to withdraw from the presidential race and endorse Vice President Kamala Harris has introduced new uncertainties regarding former President Donald Trump's return to the White House. This shift has caused the once-surging "Trump trade" to show signs of weakening. 
The recent decision by President Joe Biden to withdraw from the presidential race and endorse Vice President Kamala Harris has introduced new uncertainties regarding former President Donald Trump's return to the White House. This shift has caused the once-surging "Trump trade" to show signs of weakening. -
US Jobless Claims Rise, Suggesting Labor Market Cooling as Fed Eyes Rate Cuts
In a week marked by new labor market data, the U.S. saw an increase in jobless claims, adding to the narrative of a cooling economy that aligns with the Federal Reserve's efforts to temper inflation. The latest figures show a rise in unemployment benefit applications, reflecting a trend that may prompt the Fed to consider rate cuts in the near future. 
In a week marked by new labor market data, the U.S. saw an increase in jobless claims, adding to the narrative of a cooling economy that aligns with the Federal Reserve's efforts to temper inflation. The latest figures show a rise in unemployment benefit applications, reflecting a trend that may prompt the Fed to consider rate cuts in the near future. -
ECB Holds Interest Rates Steady, Leaving September Cut Open Amid Persistent Domestic Price Pressures
The European Central Bank (ECB) opted to maintain its current interest rates in a unanimous decision on Thursday, following the landmark cut in June. The Governing Council cited ongoing domestic price pressures and elevated services inflation as primary reasons for this hold. The decision keeps the ECB's key interest rate at 3.75%, aligning with market expectations amidst concerns over persistent inflationary pressures, particularly from the labor market. 
The European Central Bank (ECB) opted to maintain its current interest rates in a unanimous decision on Thursday, following the landmark cut in June. The Governing Council cited ongoing domestic price pressures and elevated services inflation as primary reasons for this hold. The decision keeps the ECB's key interest rate at 3.75%, aligning with market expectations amidst concerns over persistent inflationary pressures, particularly from the labor market. -
Gold Prices Near Record Highs Amid U.S. Rate-Cut Bets and Rising Unemployment Claims
Gold prices held firm near record highs on Thursday, driven by increasing bets that the U.S. Federal Reserve will cut interest rates sooner than previously anticipated. This speculation has constrained gains in the dollar and Treasury yields, making the precious metal more attractive to investors. 
Gold prices held firm near record highs on Thursday, driven by increasing bets that the U.S. Federal Reserve will cut interest rates sooner than previously anticipated. This speculation has constrained gains in the dollar and Treasury yields, making the precious metal more attractive to investors. -
Trump's Taiwan Remarks Shake Wall Street; Chip Stocks Plunge Amid Geopolitical Concerns
Geopolitical tensions took center stage on Wall Street Wednesday after U.S. presidential candidate Donald Trump expressed reservations about defending Taiwan, sending ripples through the financial markets. The chipmaking sector bore the brunt of the fallout, with shares of major players tumbling and investors seeking refuge in safer assets like gold. 
Geopolitical tensions took center stage on Wall Street Wednesday after U.S. presidential candidate Donald Trump expressed reservations about defending Taiwan, sending ripples through the financial markets. The chipmaking sector bore the brunt of the fallout, with shares of major players tumbling and investors seeking refuge in safer assets like gold. -
Yen Surges Amid Suspected Intervention, Sterling Reaches One-Year High
The yen experienced a significant surge on Wednesday, with traders speculating that Japanese authorities had intervened to support the currency, which has been struggling against multi-decade lows. 
The yen experienced a significant surge on Wednesday, with traders speculating that Japanese authorities had intervened to support the currency, which has been struggling against multi-decade lows. -
IMF Raises Outlook for China and India Amid Tepid Global Growth
The International Monetary Fund (IMF) has revised its economic forecasts, reflecting a brighter outlook for China and India while downgrading expectations for the United States and Japan. Despite these adjustments, the overall global growth remains lackluster, with the IMF maintaining its projection of a 3.2% growth rate for 2024, unchanged from its previous forecast in April and slightly down from 3.3% in 2023. 
The International Monetary Fund (IMF) has revised its economic forecasts, reflecting a brighter outlook for China and India while downgrading expectations for the United States and Japan. Despite these adjustments, the overall global growth remains lackluster, with the IMF maintaining its projection of a 3.2% growth rate for 2024, unchanged from its previous forecast in April and slightly down from 3.3% in 2023. -
Dual Boost from Rate Cut Expectations and Trump Incident: Gold Prices Near Record High
Market expectations for a Federal Reserve rate cut in September, combined with the recent assassination attempt on Donald Trump, drove gold prices higher on Tuesday, nearing their all-time high. 
Market expectations for a Federal Reserve rate cut in September, combined with the recent assassination attempt on Donald Trump, drove gold prices higher on Tuesday, nearing their all-time high. -
U.S. Retail Sales Defy Expectations, Hinting at Economic Resilience
Retail sales in the U.S. remained flat in June, defying Wall Street's predictions of a decline, indicating a resilient consumer sector despite signs of a slowing economy. Economists had expected a 0.3% drop in spending, according to Bloomberg data. Instead, retail sales held steady, with May's sales also revised higher to a 0.3% increase from a previously reported 0.1%, as per Census Bureau data. 
Retail sales in the U.S. remained flat in June, defying Wall Street's predictions of a decline, indicating a resilient consumer sector despite signs of a slowing economy. Economists had expected a 0.3% drop in spending, according to Bloomberg data. Instead, retail sales held steady, with May's sales also revised higher to a 0.3% increase from a previously reported 0.1%, as per Census Bureau data. -
Japan Suspected of Massive Yen Intervention Amidst Volatile Currency Markets
Japan's government remains vigilant over the yen's volatile behavior, signaling potential interventions in currency markets to stabilize its value. Chief Cabinet Secretary Yoshimasa Hayashi affirmed on Tuesday that Tokyo is prepared to deploy all necessary measures to counter excessively volatile currency movements, maintaining market anticipation for further interventions. 
Japan's government remains vigilant over the yen's volatile behavior, signaling potential interventions in currency markets to stabilize its value. Chief Cabinet Secretary Yoshimasa Hayashi affirmed on Tuesday that Tokyo is prepared to deploy all necessary measures to counter excessively volatile currency movements, maintaining market anticipation for further interventions.
