China’s central bank is expanding its monetary policy toolkit to better manage liquidity in the financial system. This move aims to provide more options for fine-tuning the economy amid ongoing challenges. By introducing new measures, officials hope to enhance financial stability and support economic growth.
Crude oil prices dropped today as Israeli airstrikes on Iran successfully avoided hitting oil facilities. Meanwhile, the Japanese yen weakened after Japan’s ruling coalition failed to secure a majority in parliament, raising concerns about political uncertainty and a potentially less aggressive stance from the central bank.
Oil prices dropped over 5% at the beginning of the week following Israeli airstrikes on targets in Iran that did not hit crude facilities. This development has raised hopes for a potential easing of tensions in the region.
The yen fell by 1% today, while Japanese stocks saw a rise. This shift comes as investors consider the impact of the Liberal Democratic Party and its coalition partner losing their majority.
Earnings season is here, starting with BP Plc's third-quarter results for oil supermajors on Tuesday. Meanwhile, gold producers are also releasing their earnings reports. In agriculture, prices for the world's most popular vegetable oil are rising sharply, raising concerns about food inflation.
Investors are eyeing the Australian dollar as it tests this year's peak against the New Zealand dollar. This comes as policymakers in both countries show differing views on interest rates, fueling speculation and market movements.
The French government is taking steps to address absenteeism in the civil service and reduce development aid. These measures are part of a broader plan to cut spending by €5 billion, or about $5.4 billion, in the upcoming budget.
Israeli officials say their recent attack on Iran, involving over 100 fighter planes, inflicted serious strategic damage. However, they aim to tread carefully, allowing Iran to downplay the attack and avoid escalating tensions.
Ontario will extend its temporary cut to gasoline and diesel taxes until next June, Premier Doug Ford announced at a news conference on Sunday.
The US bond market is facing a critical two weeks ahead after experiencing its worst selloff in six months. This period will likely determine its trajectory for the remainder of the year. Investors are closely watching for key economic indicators and Federal Reserve signals that could influence interest rates and market stability.
