The economic landscape is ever-changing, and the latest trade overview provides a comprehensive analysis of current trends, indices, stock prices, bonds, foreign exchange, and commodities. In the UK, the Central Bank held interest rates at 5.25% despite rising unemployment and falling annual inflation. In Europe, stock indices like DAX, KAC, and Potsi showed positive trends with price increases.
In Asia, Nikkei rose by 0.1%, while Hang Seng and Shanghai Stock Exchange experienced decreases in trading. Meanwhile in the US, futures trading showed a positive trend. Last Tuesday, Nvidia became the largest traded company globally, surpassing Microsoft and Apple. Marketwatch estimates that Nvidia, Microsoft or Apple could reach a value of $4 trillion in the next few years.
US government bond yields increased with the 10-year yield standing at around 4.25%. Brent oil dropped to $85 per barrel while gold prices remained high due to central banks increasing purchases amidst geopolitical tensions. Inflation data in the UK showed a decrease to 2%, which was attributed to the Bank of England’s monetary policy. It is expected that interest rates in the UK will remain unchanged at 5.25%. On the other hand, interest rate reductions are anticipated due to moderate inflation and labor market conditions in the US.
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