Financial Mirror

financialmirror.com

Public Key

npub13az9rj440h4f4wnqdw9w2tkhlt5e6zpuvrm9pmes49dfe8288pws3fsc63

NIP-57 Address

here@getalby.com

Profile Code

nprofile1qqsg73z3e26hm656hfsxhzh99mtl46vapq7xpajsauc2jk5un4rnshgwpsh3a

Author Public Key

npub13az9rj440h4f4wnqdw9w2tkhlt5e6zpuvrm9pmes49dfe8288pws3fsc63

Show more details

Last Notes

2025-01-30 13:54:12

- reply

#note1vmp…2emy

2025-01-30 13:54:01

ECB interest rate decision ahead, US Q4 GDP
==========
EURUSD trades around 1.0420 as investors await ECB's decision on January 30, 2025; ECB expected to cut Deposit Facility Rate by 25 basis points to 2.75% and Main Refinancing Operations Rate to 2.9%; four quarter point cuts anticipated this year to reach 2% by year-end; Eurozone GDP flat at 0% growth in Q4 2024, following 0.4% growth in Q3; German economy contracted by 0.2% YoY in Q4; US Q4 GDP expected to grow by 2.6%, slower than 3.1% in Q3; Fed left rates unchanged at 4.25-4.50% on January 29, 2025; inflation concerns persist with core CPI at 3.2% YoY; investors await US PCE data on January 31, 2025.
#Ecb #InterestRates #Gdp #Eurozone #UsEconomy #Inflation #TrumpTariffs #FinancialMarkets #EconomicOutlook #MonetaryPolicy
https://www.financialmirror.com/2025/01/30/ecb-interest-rate-decision-ahead-us-q4-gdp/

2025-01-09 12:57:26

- reply

#note1y7c…0ml4

2025-01-09 12:57:14

Fed minutes suggest one rate cut – at most
==========
Federal Reserve's FOMC minutes indicate a hawkish stance; only one rate cut expected in 2025. Inflation remains sticky, necessitating higher interest rates than anticipated. Minutes from December 17-18 meeting show some members favor pausing rate cuts if inflation stays above target. Fed Chair Jerome Powell compares current economic conditions to 'driving on a foggy night.' Nigel Green, CEO of deVere Group, warns that premature cuts could harm Fed's credibility. Green suggests strategies for investors: focus on quality equities, inflation hedges like gold and Bitcoin, avoid risky sectors reliant on cheap borrowing. He predicts a slowdown in rate cuts in 2025, urging investors to adapt to elevated rates.
#FederalReserve #Fomc #InterestRates #Inflation #NigelGreen #JeromePowell #FinancialAdvisory #InvestmentStrategies #UsEconomy #2025
https://www.financialmirror.com/2025/01/09/fed-minutes-suggest-one-rate-cut-at-most/

2025-01-01 07:54:55

- reply

#note1j68…f5r5

2025-01-01 07:54:43

More needs to be done on fossil fuels phase-out
==========
Changes in climatic conditions affect the environment, societies, and economies; COP29 held in Baku in November 2024 aimed to address climate crisis and limit global temperature rise to below 1.5°C; COP29 discussed climate change's link to human health and created a fund for countries severely damaged by climate change; Developed countries pledged to increase financing to $300 billion per year by 2035 for vulnerable countries; Countries agreed to submit more ambitious emission reduction plans by 2030; COP29 failed to reach an agreement on the complete phase-out of fossil fuels; Cyprus increased greenhouse gas emissions reduction targets from -24% to -32% by 2030; COP29 decisions affect public health and energy costs; Individuals can contribute by reducing waste and supporting green practices; The article emphasizes the collective responsibility in combating climate change.
#ClimateChange #Cop29 #FossilFuels #Sustainability #EnergyTransition #Cyprus #GlobalWarming #Environment #PublicHealth #GreenFinancing
https://www.financialmirror.com/2025/01/01/more-needs-to-be-done-on-fossil-fuels-phase-out/

2024-11-18 14:04:55

- reply

#note1dry…8u4l

2024-11-18 14:04:44

Euro eyes firm footing with Lagarde speech in focus
==========
EURUSD trading slightly above 1.0500; Christine Lagarde's speech in Paris on 18th November 2024 is anticipated by investors; Concerns over Trump's protectionist policies affecting Eurozone economy; Stephen Moore's comments on BBC heighten trade war fears; ECB expected to cut interest rates in December, but 50 bps cut uncertain; DXY Dollar Index seeks triggers above 107.00; Analysts at Capital Economics predict 5% US Dollar appreciation by end of 2025; Jerome Powell states it's early to judge Trump's policies; Focus on S&P Global PMI data for November on 22nd November 2024.
#Euro #Lagarde #Trump #Ecb #InterestRates #TradeWar #Dxy #JeromePowell #Pmi #Markets
https://www.financialmirror.com/2024/11/18/euro-eyes-firm-footing-with-lagarde-speech-in-focus/

2024-10-23 09:06:29

- reply

#note1v6f…tdg5

2024-10-23 09:06:18

Sterling faces headwinds on dovish BoE sentiment
==========
GBPUSD pair edges higher toward 1.3000 during Asian trading; UK faces declining consumer and producer inflation, weak labour market data; expectations for a 25 basis point rate cut by BoE in November and another in December; BoE Governor Andrew Bailey emphasizes need for better monitoring of non-banking system at Bloomberg event in New York; BoE Deputy Governor Sarah Breeden to discuss financial regulation at IIF panel in Washington; US Dollar strengthens as Treasury yields rise, DXY Dollar Index at 104.20; 2-year and 10-year US Treasury yields at 4.05% and 4.23%; Mary Daly from Federal Reserve highlights improved US economic conditions.
#Sterling #Boe #Gbpusd #UsDollar #Inflation #TreasuryYields #FinancialRegulation #MaryDaly #AndrewBailey #SarahBreeden
https://www.financialmirror.com/2024/10/23/sterling-faces-headwinds-on-dovish-boe-sentiment/

2024-07-06 07:19:39

- reply

#note1qdr…87ra

2024-07-06 07:19:27

Will Labour win lift UK stocks? - Financial Mirror
==========
UK equities’ support following a Labour victory driven by a temporary boost from easing political uncertainty will be limited as the expectation has already been widely priced-in by the markets. For UK equities to maintain a positive trajectory, three critical factors must align: prioritizing and delivering on economic growth, maintaining fiscal discipline, and lower interest rates by the Bank of England. The future of UK equities depends on coordinated efforts in both monetary and fiscal policies. The Labour Party's growth target is ambitious but necessary, as projections fall short of their goals. The primary challenge for UK equities is lackluster growth. UK shares are currently undervalued compared to their US and European counterparts. The backdrop of the election suggests a favorable environment for a Labour win. Pound climbs as Labour wins UK election. Silver breaks below $30.50 on quest for Gaza ceasefire. Next UK government will face significant challenges. Financialmirror.com is the leading English-language business news site in Cyprus.
#UkStocks #LabourParty #EconomicGrowth #FiscalDiscipline #BankOfEngland #MonetaryPolicy #FiscalPolicy
https://www.financialmirror.com/2024/07/06/will-labour-win-lift-uk-stocks/

2024-07-04 13:14:16

- reply

#note1l8g…mr58

2024-07-04 13:14:05

Silver breaks below $30.50 on quest for Gaza ceasefire
==========
The price of Silver halted its five-day winning streak, trading around $30.40 per troy ounce on Thursday. The decline in the safe-haven metal is attributed to increased optimism following signs of renewed efforts to secure a ceasefire deal between Israel and Hamas. Mediators Egypt and Qatar delivered a response from Hamas to a proposal that includes the release of hostages held in Gaza and a ceasefire in the Palestinian enclave. Israel is currently studying the document. The XAGUSD pair may limit its downside as the Dollar may struggle due to the softer US data raising speculations of the Federal Reserve reducing interest rates in 2024. US ISM Services PMI fell sharply to 48.8 in June, marking the steepest decline since April 2020. The ADP Employment report showed that US private businesses added 150,000 workers to their payrolls in June, the lowest increase in five months. On Tuesday, Jerome Powell said that the Fed is getting back on the disinflationary path, but wants to see further evidence before cutting interest rates as the US economy and the labour market remain strong.
#Silver #GazaCeasefire #Israel #Hamas #Egypt #Qatar #Dollar #UsData #FederalReserve #IsmServicesPmi #AdpEmployment #JeromePowell
https://www.financialmirror.com/2024/07/04/silver-breaks-below-30-50-on-quest-for-gaza-ceasefire/

2024-07-01 13:34:36

- reply

#note1tmc…v7xd

2024-07-01 13:34:25

Europe, US markets point higher; Bitcoin momentum improves
==========
European and US stock futures are trading higher on the first trading day of the second half of the year. The news of the first round of the French snap parliamentary election is another reason for traders to feel more confident. The current momentum in the markets could be determined by economic data from China. The fresh PMI reading for manufacturing in China is below the 50 mark, indicating contraction territory. However, the overall momentum and direction of trade in Asia were on the upside, which is encouraging risk-takers in Europe and the US. Traders and investors will focus on the AI trend that brings another stellar performance for the US stock indices. The Nasdaq Composite has had three consecutive quarters of negative performance, but it has had the longest quarterly winning streak since the post-COVID rally. The economic docket for the week includes the German preliminary CPI, ISM Manufacturing PMI numbers, and ISM Manufacturing prices. Bitcoin price has improved and moved above the psychological level of $60,000. A drop below this level could lead to a conversation about the next important support level for Bitcoin, which means the price could drop towards $50,000.
#StockMarkets #Bitcoin #Trading #EconomicData #China #AiTrend #NasdaqComposite #GermanCpi #IsmManufacturingPmi #IsmManufacturingPrices
https://www.financialmirror.com/2024/07/01/europe-us-markets-point-higher-bitcoin-momentum-improves/

2024-06-20 06:20:47

- reply

#note19rx…kt7v

2024-06-20 06:20:36

Growing number of investors opting for gold - Financial Mirror
==========
Gold is up around 12% year-to-date, but despite this impressive price jump, many investors are planning to continue to pile into the precious metal. There has been a 35% year-to-date jump in clients seeking to increase their exposure to gold. Central banks in developed countries are ramping up their gold holdings, citing the long-term value of gold, its robust performance during crises, and its effectiveness as a portfolio diversifier. China is buying gold to diversify its reserves and reduce dependence on the US dollar. Turkey and several nations in the Middle East are also increasing their gold reserves. The shift away from dollar-denominated pricing in the commodities market is driven by geopolitical factors and the use of the dollar as a tool for economic sanctions. Geopolitical uncertainty, such as upcoming elections in major economies, is driving investors to hedge against potential downturns by holding gold. Expectations of interest rate cuts by central banks also make gold more attractive to investors. The growing demand from both advanced and emerging economies, strategic diversification by China, the shift in commodities pricing, geopolitical uncertainties, and rate cut expectations are all reasons cited by investors to increase gold in their portfolios.
#Gold #Investors #CentralBanks #Diversification #GeopoliticalUncertainty #Commodities #InterestRates
https://www.financialmirror.com/2024/06/20/growing-number-of-investors-opting-for-gold/

2024-06-12 18:12:51

- reply

#note1q5e…sajt

2024-06-12 18:12:39

Fed ‘most certainly’ to hold rates steady - Financial Mirror
==========
The Federal Reserve will most certainly hold US interest rates steady at the current 23-year high and investors need to review their portfolios amid a divergence in global monetary policy, a leading financial advisor said Wednesday. With the annual CPI increase at 3.3%, markets might be hopeful for potentially more rate cuts, but there remains a real risk that the Fed’s cautious approach means that such a move may not come until 2025. The latest Consumer Price Index (CPI) report shows no increase in for May, a sign that inflation may be easing its grip on the US economy. Fed officials cite the robust labour market as a significant factor in their decision to maintain the current rate. The strength of the job market provides the Fed with the flexibility to keep rates elevated, contrasting sharply with recent actions by other major central banks. As the US central bank maintains a tighter stance, markets are experiencing varying degrees of monetary easing. For investors, this scenario necessitates a reassessment of With the Fed’s rates remaining high, sectors such as real estate and utilities, which are sensitive to interest rates, may face headwinds. On the other hand, financials might benefit from higher rates due to increased margins on lending. As other central banks cut rates, opportunities may arise in international markets. For instance, the Eurozone and Canadian markets could become more attractive as their monetary policies become more accommodative, said Green. Divergent monetary policies also typically lead to currency volatility. Investors should be mindful of potential impacts on their international investments and consider strategies such as currency hedging to mitigate risks. The future path of Fed policy will be heavily influenced by upcoming economic data. Investors should keep a close eye on reports related to employment, inflation, and GDP growth to anticipate potential shifts in the Fed’s stance. The Fed is almost certainly going to keep rates steady amid easing inflation which signals a cautious approach, prioritising long-term economic stability over short-term market reactions. This contrasts with recent rate cuts by other central banks, highlighting a global divergence in monetary policy. For investors, this new environment requires careful consideration of interest rate impacts, global opportunities, currency risks, and inflation protection.
#FederalReserve #UsInterestRates #GlobalMonetaryPolicy #Inflation #Cpi #LabourMarket #CentralBanks #Investors
https://www.financialmirror.com/2024/06/12/fed-most-certainly-to-hold-rates-steady/

2024-05-15 18:06:18

- reply

#note1drm…tz20

2024-05-15 18:06:07

Dollar tumbles on soft inflation, weak retail sales
==========
The EURUSD pair refreshed its monthly high near 1.0870 in Wednesday’s early New York session. The major currency strengthened as the U.S. Consumer Price Index eased in line with CPI estimates and the monthly Retail Sales remained stagnant for April. The DXY Dollar Index, which tracks the greenback’s value against six major currencies, tumbled to a month low around 104.50. The 10-year US Treasury yields also plunged to 4.36% as weak data is expected to boost expectations for the Federal Reserve to begin reducing interest rates from the September meeting. The Euro remains upbeat as hope that higher interest rates for longer by the Fed will slow the pace at which the European Central Bank was anticipated to return to policy normalisation. On the economic data front, Eurostat has released a second estimate of preliminary Q1 Gross Domestic Product data. The GDP report indicated that quarterly and annualised GDP growth were in line with the consensus and the preliminary reading at 0.3% and 0.4%, respectively.
#Dollar #Inflation #RetailSales #Eurusd #ConsumerPriceIndex #RetailSales #DxyDollarIndex #UsTreasuryYields #FederalReserve #InterestRates #Euro #EuropeanCentralBank #GrossDomesticProduct #Eurostat
https://www.financialmirror.com/2024/05/15/dollar-tumbles-on-soft-inflation-weak-retail-sales/

2024-05-15 13:12:35

- reply

#note1p40…gtqf

2024-05-15 13:12:24

Dollar extends losing streak ahead of US CPI - Financial Mirror
==========
The USDJPY pair dropped sharply to 155.50 in early European trading on Wednesday as the US Dollar extends its losing spell for the third trading session. The DXY Dollar has dropped below 105.00 and investors are confident that the Federal Reserve will start reducing interest rates from September. Speculation for the Fed to begin lowering the borrowing rate remains firm despite the Producer Price Index (PPI) growing faster than the consensus in April. Investors remain confident of the rate cuts as Jerome Powell ruled out expectations of further policy-tightening. However, the Fed Chair emphasised keeping interest rates at their current levels for a longer period. The US Consumer Price Index data for April is awaited later in the day, which will provide a clear picture of the interest rate outlook. Annual headline CPI is forecast to have softened to 3.4% from 3.5% in March, while core inflation is anticipated to decelerate to 3.6% from 3.8%. Monthly headline and core CPI are expected to have grown at a slower pace of 0.3% from 0.4%. On the Tokyo front, Japan's Q1 Gross Domestic Product (GDP) data is awaited on Thursday, with economists expecting a contraction of 0.4% after expanding by 0.1% in the last quarter of 2023. The Japanese economy is estimated to have contracted significantly by 1.5% on an annualised basis. Weak GDP growth will raise concerns over Bank of Japan's plan to continue the policy-tightening cycle.
#UsDollar #UsCpi #InterestRates #FederalReserve #Usdjpy #ProducerPriceIndex #JeromePowell #UsConsumerPriceIndex #JapanGdp #BankOfJapan
https://www.financialmirror.com/2024/05/15/dollar-extends-losing-streak-ahead-of-us-cpi/

2024-05-13 16:13:09

- reply

#note1dlu…qpv3

2024-05-13 16:12:58

Will markets keep up gains this year?
==========
The US and European stock market rallies are expected to continue for the rest of 2024, according to Nigel Green, CEO of deVere Group. He cites two narratives to support this analysis: sustained economic growth and the anticipation of interest rate cuts in response to a potential economic slowdown. Green advises investors to diversify their portfolios, conduct selective stock picking, monitor valuations, implement risk management strategies, stay informed, and maintain a long-term perspective. The US inflation report is awaited on Wednesday, and April's US consumer price index (CPI) report is also due out on the same day. Green concludes that both narratives point to a likely continuation of stock market gains.
https://www.financialmirror.com/2024/05/13/will-markets-keep-up-gains-this-year/

2024-05-05 17:59:46

- reply

#note1wwl…c30e

2024-05-05 17:59:35

Oil prices under pressure due to slower economies - Financial Mirror
==========
Oil prices are trading down due to disappointing economic data and the lack of expected interest rate cuts by the Fed. OPEC's crude oil production fell in April, but overproducing countries like Iraq have plans to cut more oil production. Standard Chartered forecasts that global oil demand will exceed 103 million barrels per day in May and June. The World Bank warns that the oil price could exceed $100 per barrel if the Middle East conflict escalates. The ING Group predicts that the oil price will average about $90 per barrel in 2024. High interest rates, inflation, and global conflict have dented the outlook for the global energy transition, according to JP Morgan. Wood Mackenzie warns that the energy transition isn't moving fast enough and will be expensive. OPEC's secretary general challenges reports predicting the demise of oil demand. Ukraine has resumed drone attacks on Russian refineries, and Russia continues to attack Ukraine's gas storage facilities. Total is considering switching its listing from Paris to New York. The G7 pact to stop using coal by 2035 sets up the next battle over gas supplies. Record power demand for cooling in India is met by revving up its coal mines.
#OilPrices #EconomicData #InterestRates #Opec #GlobalOilDemand #MiddleEastConflict #EnergyTransition #HighInterestRates #Inflation #GlobalConflict #Ukraine #Russia #Total #G7 #Coal #GasSupplies #India
https://www.financialmirror.com/2024/05/05/oil-prices-under-pressure-due-to-slower-economies/

2024-04-30 12:15:22

- reply

#note1uk8…5at7

2024-04-30 12:15:11

Eyes on Eurozone inflation and GDP - Financial Mirror
==========
Markets are watching Eurozone GDP data for Q1 and Harmonized Index of Consumer Prices (HICP) for April. The US economic docket includes housing data and the Federal Reserve's two-day meeting. The US Dollar weakened on Monday but recovered on Tuesday. The benchmark 10-year US Treasury bond yield is above 4.6%. Japan's suspected intervention in foreign exchange markets caused the Yen to fall. Germany's Retail Sales rose 1.8% in March. Australia's Private Sector Credit grew 5.1% in March, while Retail Sales declined by 0.4%. China's Caixin Manufacturing PMI edged higher to 51.4 in April. AUDUSD came under bearish pressure and declined. Gold closed virtually unchanged. The EURUSD pair struggled to hold above a round-level. Economic sentiment in Cyprus improved mildly in April. The GBPUSD pair is holding positive ground. The article is from Financial Mirror, the leading English-language business news site in Cyprus.
https://www.financialmirror.com/2024/04/30/eyes-on-eurozone-inflation-and-gdp/

2024-04-24 11:22:50

- reply

#note1p9n…jupz

2024-04-24 11:22:39

WTI over $83 as more volatility for crude oil - Financial Mirror
==========
West Texas Intermediate (WTI) started Tuesday on the low side, falling below $81.00 per barrel before a broad-market recovery in risk appetite dragged barrel bids into a fresh high above $83.00. US Purchasing Managers Index (PMI) figures printed much softer than expected, sparking renewed hopes of a weakening US economy forcing the Federal Reserve to begin cutting rates sooner than previously expected. Crude oil markets remain exposed to downside moves as recent geopolitical ease after Iran announced it would not seek further retaliation against Israel. The benchmark WTI’s recent climb sparked by ongoing fears of a Middle East conflict spilling over into an all-out war faltered near $87.00 per barrel as cooler heads prevail. US data is set to continue driving financial through the rest of the trading week. US gross domestic product (GDP) are slated for Thursday, where investors are expecting, or hoping, for US GDP for the annualised first quarter to ease to 2.5% from the previous 3.4%. On Friday, the personal consumption expenditure (PCE) Price Index inflation data will be released, which is forecast to hold steady at 0.3% MoM. WTI crossed $83.00 per barrel after recovering from Tuesday’s bottom bids just below $81.00. The day’s late-stage rally brought the crude oil prices just above the 200-hour Exponential Moving Average (EMA). Despite Tuesday’s late rally, the US crude remains knocked off of recent gains, with WTI down around 4.5% from April’s swing highs near $87.00 per barrel. On the low side, long-term technical support sits at the 200-day EMA, holding near $79.23.
#Wti #CrudeOil #Volatility #UsEconomy #Geopolitical #MiddleEast #Gdp #Inflation
https://www.financialmirror.com/2024/04/24/wti-over-83-as-more-volatility-for-crude-oil/

2024-04-06 06:34:20

US jobs report signals one rate cut this year - Financial Mirror
==========
The CEO of deVere Group predicts that there will be just one US interest rate cut by the Federal Reserve this year, following the release of the jobs report for March. The report showed that US employers added 303,000 jobs in March and the unemployment rate fell to 3.8%. Nigel Green of deVere Group expects a maximum of one rate cut in the third quarter, followed by a pause to reassess the impact on the economy. He advises investors to consider reallocating their portfolios to sectors that typically perform well in a rising interest rate environment, such as financials, industrials, and materials. Sectors sensitive to interest rates, such as utilities, real estate, and consumer staples, may face challenges in a higher-for-longer interest rate environment. Diversification and shorter-duration bonds are also recommended to mitigate the impact of interest rate fluctuations.
#UsInterestRate #JobsReport #FederalReserve #Economy #Investing
https://www.financialmirror.com/2024/04/06/us-jobs-report-signals-one-rate-cut-this-year/

2024-03-11 16:40:05

Gold rally could extend beyond recent highs - Financial Mirror
==========
Gold has gained close to 19% since a recent low in October and almost 7% over the past month alone. UBS analysts believe there is potential for a pullback in the near term, but the rally could continue over the coming year. The rally has extended above $2,180 after reaching all-time highs of nearly $2,200. The prospect of the Fed cutting interest rates this year and ongoing geopolitical tensions support the yellow metal. NFP data released by the US Labor Department showed that the US economy added 275,000 jobs in February, triggering the possibility of a Fed rate cut by June. China's inflation report suggests rising domestic demand, which has lifted the price of gold. Gold traders will focus on the US CPI and Retail Sales figures for February for fresh impetus. The Financial Mirror is the leading English-language business news site in Cyprus.
#Gold #Rally #Fed #InterestRates #UsEconomy #GeopoliticalTensions #Nfp #China #Inflation #Cpi #RetailSales
https://www.financialmirror.com/2024/03/11/gold-rally-could-extend-beyond-recent-highs/

2024-03-10 09:28:45

A strategic EU role for the Cyprus problem - Financial Mirror
==========
The article discusses the need for a strategic EU role in resolving the Cyprus problem. The author argues that the traditional negotiations process is flawed and suggests a slow, incremental process of "deliberative democracy" to reach a negotiated settlement. The author also emphasizes the importance of the international community, particularly the EU and the US, in coordinating incentives to get the leaders to agree on a new process design. The article draws inspiration from the US's approach to Greece and suggests offering Cyprus a significant upgrade in its geopolitical clout and security as a carrot for a negotiated settlement. One idea is to establish a permanent humanitarian coordination base in Cyprus after a settlement is reached. The author also discusses the potential role of the European Commission or the Secretariat-General in driving the strategic thinking about Cyprus. The article concludes by mentioning the ongoing EU-Turkey dialogue and the need for a strategic approach to both the Greek Cypriots and Turkey.
#CyprusProblem #Eu #NegotiatedSettlement #GeopoliticalClout #Security #HumanitarianAssistance
https://www.financialmirror.com/2024/03/10/a-strategic-eu-role-for-the-cyprus-problem/

2024-03-09 12:54:27

Sterling is on the move - Financial Mirror
==========
The British Pound is having its best moments against the US dollar and other major currencies in over seven months. The Bank of England is expected to make only two interest rate cuts this year. The UK's economy has proven itself more resilient than anticipated, with better-than-expected economic numbers such as GDP growth and consumer spending. The recent strength in the British Pound against the US Dollar is due to the expectation of fewer interest rate cuts from the Bank of England and the belief that the Federal Reserve will make more interest rate cuts. The author of the article is Naeem Aslam, Chief Investment Officer at Zaye Capital Markets.
#BritishPound #BankOfEngland #UkEconomy #InterestRates
https://www.financialmirror.com/2024/03/09/sterling-is-on-the-move/

2024-03-08 12:25:52

Gold extends rally above $2,160 ahead of US NFP - Financial Mirror
==========
The price of Gold extended its upside around $2,165 after reaching a record high during the early European session on Friday. A weaker US Dollar and a decline in US Treasury bond yields provided some support. Furthermore, the rising expectation for the first rate cut by the Federal Reserve (Fed) in the June meeting boosted demand. Investors will take more cues from the US nonfarm payrolls (NFP) data later on Friday for fresh impetus, which is expected to see 200,000 jobs added to the US economy. Meanwhile, European Central Bank chief Christine Lagarde indicated the ECB may ease policy in its June meeting. Chinese investors purchased the yellow metal as a safe place to keep their cash after the property sector and stock markets in China tumbled. The escalating geopolitical tensions in the Middle East might be attributed to the demand for traditional safe-haven assets as well.
#Gold #UsNfp #FederalReserve #EuropeanCentralBank
https://www.financialmirror.com/2024/03/08/gold-extends-rally-above-2160-ahead-of-us-nfp/

2024-02-10 10:45:10

Navigating a landscape of challenges and opportunities
==========
President Nikos Christodoulides addresses a discussion with foreign investors in the context of 'Government’s dialogue with Foreign Investors'. This is the second 'Foreign Investors Dialogue with the Government' event co-organised with Invest Cyprus. The first event took place in June 2023. The Cyprus economy has received successive upgrades from rating agencies and is now in an investment-grade category. The government has formulated the first budget for 2024, focused on growth, reforms, fiscal balance, and social justice. The government aims to attract productive investments and establish Cyprus as an attractive investment destination and business center. The government is strengthening the institutional framework related to the supervision of financial and professional services and the fight against money laundering. The government has revised the Strategy for Attracting Investment and Talent in Cyprus to better reflect the needs of potential and existing investors. The government has presented the Governance Programme for 2024, featuring more than 80 concrete actions across six key pillars. The government is committed to ensuring a strong economy, improving access to funding for SMEs, and establishing a National Development Agency. The government values the presence and commitment of foreign investors in Cyprus and aims to foster an economic and business environment that exceeds their expectations.
#Cyprus #ForeignInvestors #Economy #Investment #BusinessEnvironment
https://www.financialmirror.com/2024/02/10/navigating-a-landscape-of-challenges-and-opportunities/

2024-01-21 14:19:30

US LNG exports to see further growth
==========
The US LNG industry is concerned about delays to export licence approvals for new LNG plants, but the EIA forecasts that US LNG exports will continue to grow as more export facilities come online. It expects exports equivalent to 11.8 bln cubic ft/d (bcf/d) in 2023 to rise to 12.4 bcf/d in 2024 and 14.4 bcf/d in 2025. Big LNG investments exceeding $235 bln are driving a 70% capacity increase by 2030. Globally, more than $720 bln is to be spent on gas pipelines under construction or planned, and an additional $190 bln is to be put on facilities to handle LNG imports. LNG projects under development total 917 mln tonnes per annum of new export capacity. The EU economy is relatively stable but stagnant, as it still faces growth challenges. European industry is unlikely to reach pre-pandemic growth rates anytime soon, as volatile prices continue to restrain industrial activity. The EU’s industrial output was down 5.8% in November. Germany was the worst-performing major economy in the world, where rising rates and high energy costs contributed to 0.3% contraction. China’s economy will see recovery in 2024. The IMF forecasts that the Chinese economy will maintain sound growth in 2024 and continue to account for a third of global economic growth. China, as well as the world petrochemical industry, are driving unprecedented growth in production. China’s green tech surge could turn global climate politics on its head. China is the world’s renewable powerhouse and will account for 60% of global renewables in 2028.
#UsLngExports #Eia #LngIndustry #GasPipelines #EuEconomy #China'sEconomy #RenewableEnergy
https://www.financialmirror.com/2024/01/21/us-lng-exports-to-see-further-growth/