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Following the big stimulus and clear growth message from Chinese leaders, we revise up our China growth forecast in 2025 from 4.8% to 5.2%. For 2024 we keep our 4.8% forecast. The stimulus is the strongest coordinated push to lift the economy since the global financial crisis in 2008. We expect China to follow up […]

The post China – Lift to GDP Forecast After Leaders Draw Line in the Sand appeared first on Action Forex.

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17/04/2024

Focus Turns to Final March Inflation for Euro Area

In focus today Today, focus is on the final inflation data for March in the euro area. We particularly look out for inflation components that reflect domestic demand as service inflation remained elevated in March. The final data will also allow us to estimate how much the timing of Easter impacted the March numbers and […]
10/06/2024

Fed Pivot Less Likely After Strong NFP, Focus on CPI Report and Dot Plot

A dovish pivot by the Fed is looking less likely at the June meeting Will Fed officials flag two or just one rate cut after strong jobs data? CPI report will also be crucial on Wednesday (12:30 GMT) Statement due at 18:00 GMT will be followed by press conference at 18:30 GMT One step forward, […]
02/05/2024

Brent Crude Oil Hits Seven-Week Low

Brent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production. According to the Department of Energy, inventories rose by 7.30 million barrels last week, contrary to the forecasted decrease of […]