Author: FX
TOKYO (Reuters) – Japan’s government said on Thursday it predicts economic output will recover to full capacity in the next fiscal year for the first time in seven years on an annual basis due to a tight labour market. Japan’s output gap, which measures the difference between an economy’s actual and potential output, is likely to stand at +0.4% in the fiscal year starting in April, according to an estimate released by the Cabinet Office. A positive output gap occurs when actual output exceeds the economy’s full capacity, and it is considered a sign of strong demand. With Japan’s labour…
Bitcoin Price Update and Forecast:Bitcoin (BTC/USD) appears poised to cross the $100,000 mark again as current price action aligns with bullish technical indicators on the daily chart. Here’s a quick breakdown:BTCUSD daily chart within the Donchian Channel with RSIDonchian Channel Basis Acting as a Magnet:The basis of the Donchian Channel sits at $100,252, which is currently acting as a price magnet. This behavior is reasonable because the basis (halfway point between the recent high and low) often represents equilibrium where buyers and sellers converge. Markets naturally gravitate toward this “mean” before deciding on the next significant move, and with Bitcoin’s…
WASHINGTON (Reuters) -The outgoing and incoming U.S. presidents had different messages for the Christmas holiday on Wednesday, with Democrat Joe Biden urging Americans to reflect and unite, while Republican Donald Trump offered a holiday greeting and then took aim at his political opponents. Biden narrated a video tour of the White House Christmas decorations that was published on YouTube late on Christmas Eve, in which he urges Americans to set aside “all the noise and everything that divides us.” “We’re here on this Earth to care for one another, to love one another,” Biden says in a voiceover as a…
Mackenzie Balanced Allocation ETF final year-end reinvested distribution CAD 0.1593 dividend Source link
Investing.com – Saudi Arabia stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower. At the close in Saudi Arabia, the lost 0.18%. The best performers of the session on the were Al Baha Investment and Development Company SJSC (TADAWUL:), which rose 8.33% or 0.04 points to trade at 0.52 at the close. Meanwhile, Red Sea Housing Services Company (TADAWUL:) added 6.32% or 3.60 points to end at 60.60 and Saudi Industrial Development Co. (TADAWUL:) was up 5.07% or 1.45 points to 30.05 in late trade. The worst performers of the session…
AXS Change Finance ESG ETF declares annual distribution of $0.2871 Source link
JPMorgan Carbon Transition U.S. Equity ETF declares quarterly distribution of $0.2918 Source link
By Mariya Gordeyeva ASTANA (Reuters) – An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 27 people had survived. Unverified video of the crash showed the plane, which was operated by Azerbaijan Airlines, bursting into flames as it hit the ground and thick black smoke then rising. Bloodied and bruised passengers could be seen stumbling from a piece of the fuselage that had remained intact. The Central Asian country’s emergencies ministry said in a statement that fire…
Expects Japan to further progress towards 2% inflation in stable, sustainable mannerUncertainty surrounding economy, price outlook is highMust avoid returning to deflation or low inflation environmentAs Japan transitions towards sustained achievement of 2% inflation, BOJ will support the economy by keeping rates below the neutral levelBut as economic, price developments continue to improve, BOJ must raise rates accordinglyLeaving accommodative policy for too long could lead to sharp increase in interest ratesThat in turn will be negative for long-lasting economic growthIt would be desirable for BOJ to guide policy so that it does not reach zero lower bound againJust some token…
In other China news:China has passed a law introducing a value added tax. Will take effect on January 1 2026 according to Xinhua …. another year awayChinese People’s Political Consultative Conference (CPPCC) on March 4China’s National People’s Congress will be held March 5, 2025 This article was written by Eamonn Sheridan at www.forexlive.com. Source link