The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Japan's May exports soar at the fastest pace in two years
In May, Japan's exports inched up at the fastest pace in more than two years, following huge shipments of vehicles and steel. That’s an encouraging sign that sturdy overseas demand will underpin economic surge.
The 14.9% annual soar in exports in May stood below the median estimate for a 16.1% annual surge. Nevertheless, it appeared to be the greatest leap since January 2015.
Exports are about to continue ascending at a steady clip because overseas economies demonstrate bullish signs of strength that should help the Japanese economy to extend its recent run of sturdy expansion.
Exports of vehicles as well as car parts ascended partly due to an earthquake in Kumamoto the previous year, which temporarily ceased production of these goods.
Japan's exports to America edged up 11.6% in May from last year, which is the fastest soar since July 2015, due to a leapt of shipments of cars and auto parts.
Some progress in US debt ceiling talks is made, and the PMI data is out.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!