Summary: Central banks face a significant week with crucial interest rate decisions. The Federal Reserve is expected to raise rates and provide insights through the press conference. The European Central Bank will likely indicate ongoing commitment to supporting economic growth. The Bank of Japan is anticipated to maintain its short-term interest rate target. Global markets closely monitor these decisions for potential currency shifts and investor reactions. Central banks wor...

Summary: The Jackson Hole symposium begins, raising expectations about its impact on markets, interest rates , and the US dollar. Central banks grapple with the challenge of balancing inflation control and fostering economic growth . Fluctuations in the US dollar are not solely tied to the symposium but have multiple influencing factors. The euro's performance is analyzed in relation to recent dollar movements and support levels. Federal Reserve Chairman Jerome Powell's upcoming speech holds key insights for future market trends. ...

Summary: Retail sales in the UK increased by 0.7% in June 2023 compared to the previous month, but were down by 1% compared to June 2022, indicating a gradual slowdown. Consumer confidence in July showed a decline, attributed to rising interest rates, fiscal drag, and reduced disposable income. Small businesses face challenges due to the cost of doing business, including higher interest rates, inflation, and the highest tax burden in 70 years. The UK government borrowed £18.5 billion in June 2023, with a significant portion going towards paying interest on previous debt. Debates arise about the sustainability of government borrowin...

Summary: China's deflation could lead to cheaper import s globally, potentially benefiting the UK's consumer market. UK inflation may receive some relief from cheaper Chinese import s, but ongoing challenges persist. Sustained deflation in China might hinder UK exporters due to delayed spending and slower market growth. Global trade, consumption, and commodity prices could be significantly affected by a slowdown in China's economic growth. ...

Summary: Rishi Sunak defends his strategy to tackle inflation in an exclusive interview with ITV News, stressing responsible borrowing . Sunak acknowledges the role of the government in curbing inflation and highlights the potential negative impact of excessive borrowing on long-term economic stability . Sunak discusses the effects of interest rate rises and emphasizes the importance of sustainable pay increases tied to productivity growth. Sunak confirms the government's commitment to the triple lock policy for pensions and expresses his intent to support individuals facing inflation -related pressures. Sunak addresses ca...

Summary: The UK economy faces concerns as initial data shows an unexpected rise in June's inflation rate to 4.2%. Job numbers indicate potential hesitance by the Bank of England in raising interest rates . Unemployment reaches levels not seen since October 2021 amid recent events like Wilco's administration. Average hourly earnings grew by 8.2% in June, aligning with expectations of further interest rate increases. The uncertain monetary policy outlook hinges on upcoming consumer price inflation figures. Sterling reacts positively to data release, impacting currency performance. Future economic trajectory depends on up...

China's Xi Jinping tightens grip with unprecedented third term In one of China's grandest locations, it's staged one of its grandest shows. Nearly 3,000 delegates from across the country gathered here for China's version of the opening of parliament. Access in here is rare, controlled as it is closely guarded. In perfect unison, they welcomed their leader. Xi Jinping didn't take the lectern himself, but in a way, this weekend was all about him. His Cabinet of Allies confirmed his third term as President ratified. But listen closely to his outgoing second in command, just a hint that it's not all been plain sailing. The economy maintained stability in overcoming difficulties, and the main development tasks of the year were basically completed in a complex environment with many changes. The Chinese economy has shown strong resilience. In theory, they vote on le...

Tata Group to Invest £4 Billion in UK Electric Car Battery Factory, Creating Thousands of Jobs Summary: Tata Group announces £4 billion investment in a new UK electric car battery factory. The investment is expected to create thousands of jobs and make the factory one of Europe's largest battery production facilities. Chancellor Rishi Sunak praises the investment as a 'fantastic vote of confidence' in the UK economy. Factors influencing Tata's decision include the quality of skilled workers, the competitive tax regime, and supportive government policies. The location of the Gigafactory is yet to be disclosed. Prime Minister remai...

Summary: Russia plans to establish close cooperation with Africa n military and law enforcement agencies. More than 40 Africa n countries have signed agreements with Russia for the supply of military hardware. Africa 's growing political and economic role is becoming increasingly significant on the global stage. Africa n states' initiative in addressing the Ukraine crisis underscores their readiness to participate in global conflict resolution. Russia intends to continue training Africa n law enforcement and military units in its specialized learning facilities. ...

Summary: Chinese Yuan falls as economic indicators reveal further slowdown. Industrial output growth slower than June and below expectations. Mobile sales also underperform expectations. Unemployment rate rises to 5.3%, posing challenges for Chinese economy. People's Bank of China cuts one year loan rate and considers stamp duty reduction. US dollar strengthens against offshore Chinese yuan. Technical analysis suggests potential trends in the foreign exchange market . ...

Summary: FTSE 100 reaches four-week highs after consumer prices rise 7.9% in June, according to ONS data. Tata Motors announces £4 billion investment for the UK's first large-scale EV battery plant. National Grid sells 20% of the UK's gas network in a £700 million deal. Hargreaves Lansdowne reports a 6% jump in net new business during the quarter. Thacker Pass Lithium project gets approval from the US Court of Appeal, boosting Trident Royalty shares. London's FTSE...