Inflation Risks Return To The Markets
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
Macau casinos report the first annual profit gain for 3 years
In 2017, gaming profits in the Chinese territory of Macau edged up for the first time for three years because high-end punters' appetite for gambling revives after a protracted government campaign against demonstration of wealth among public officials as well as slowing economic surge.
According to figures from Macau's Gaming Inspection and Coordination bureau released on Monday, profits tacked on 19% for 2017 hitting 265.7 billion patacas.
Market experts had expected 2017 full-year surge of 18%-20% to about $33-$34 billion.
The ex-Portuguese colony and currently special administrative region is clambering back after profits dived to five-year minimums in 2014.
However, profits are still far off the maximums reached ahead of 2014, sticking to monthly tolls observed in 2011, according to data from Thomson Reuters Datastream.
In December, monthly gambling profit surged 15% hitting 22.7 billion patacas, which is a bit lower than experts’ hopes for surge f 17%-20%.
Similar
ECB Key Rate is in Focus
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
What Will the Fed Decide?
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Latest news
Fed’s Rate Pause and UK Inflation Slows
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
GBPUSD May Strengthen Resulting the Fed and The BOE Meetings
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
Four Banks Fight Against Inflation
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
