
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
On Thursday, South Korea's major bank kept interest rates intact, taking rather a bullish view of economic surge prospects because a new administration considers multi-billion-dollar fiscal stimulus measures.
The country’s major financial institution held its base rate intact at 1.25%, exactly as predicted by all 19 financial experts polled by Reuters.
Governor Lee Ju-yeol told that the bank was about to revise up its surge outlook in the nearer months from the current 2.6%, which is a stronger surge trajectory, compared to what had proposed in April.
Market analysts state that considering sturdy exports, economic revival as well as the government's employment-oriented policy stance, in the second half wage surge is supposed to accelerate.
The major bank’s base rate has been intact at a record minimum 1.25% since a 25 basis point drop in June 2016. In April, the bank increased its surge outlook for this year from 2.5% to 2.6%.
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
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!
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