NEWS
Euro Area Services Sector Fuels Business Activity Recovery in July
Final services PMI for July stands at 51.7, up from a preliminary 51.6, marking a five-month high. The composite PMI reached 52.0, indicating a broad-based rec…
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VDEA News
News and analysis on important movements in Vietnam and the world across economy, finance, business, politics, technology, science and society.
The Bank of Japan's Policy Board voted 7-1 to increase the policy interest rate by 0.25 percentage points to 1.0%, with concerns over inflation risks outweighing growth worries. The board decided to maintain the current pace of JGB purchase reductions until early 2027, halting further tapering to prioritize market stability.
Read storyFinal services PMI for July stands at 51.7, up from a preliminary 51.6, marking a five-month high. The composite PMI reached 52.0, indicating a broad-based rec…
Japan's real wages increased for the sixth month in a row in June, with inflation-adjusted wages growing 1.6% year-on-year. This trend, alongside a rise in bas…
Today's economic agenda includes final services PMIs for major Eurozone economies and the UK, alongside US labor market indicators. Market reactions are expect…
The AUD/USD currency pair is experiencing upward momentum following a recent dip, driven by a combination of softer inflation data, USD/JPY intervention, and a…
The AUD/USD currency pair encountered selling pressure during the Asia-Pacific session, peaking at 0.7046, just below the 100-day moving average. This resistan…
European equities posted gains across five of six major indices, led by Italy and Germany, as investors shifted focus to risk appetite. The UK’s FTSE 100 lagge…
The S&P Global Manufacturing PMI for July remained at 53.9, indicating ongoing but slowing expansion in the manufacturing sector. Key indicators such as output…
Bank of England Governor Andrew Bailey stated that current economic conditions do not indicate immediate second-round inflation effects, while remaining vigila…
The S&P Global Australia Manufacturing Purchasing Managers' Index (PMI) rose to 52.0 in July, indicating a return to growth in production and new orders for th…
The Indian Rupee has gained strength following a coordinated dollar-selling intervention by Japan and South Korea, coupled with a lack of hawkish surprises fro…
The final manufacturing PMI for July in the Euro area registered at 51.9, slightly below the preliminary estimate of 52.0 but up from 51.4 in June. While manuf…
Kevin Hassett, advisor to the White House National Economic Council, expressed optimism regarding inflation trends and the Federal Reserve's approach under Cha…
The Dallas Fed's Trimmed Mean PCE price index registered an increase of 1.4% in June, down from 2.7% in May. This marks the lowest level since 2020 and contras…
The USDJPY continues to decline following a coordinated currency intervention by Japan and the U.S. The EURUSD remains stable, while GBPUSD sees a slight decre…
Switzerland's consumer price index (CPI) rose by 0.4% in July, matching expectations but reflecting a slight decline in headline inflation. Core inflation rema…
French manufacturing activity showed signs of contraction in July, with the final Manufacturing PMI coming in at 49.8, down from a preliminary reading of 50.0…
Spain's preliminary Consumer Price Index (CPI) for July shows an increase of 3.5% year-on-year, surpassing expectations and marking the sixth consecutive month…
The USDJPY has seen a significant drop, influenced by speculation of potential intervention. Meanwhile, U.S. economic indicators show a slowing growth rate but…
The ANZ-Roy Morgan consumer confidence index in New Zealand increased by 8 points to 99.3 in July, marking a third consecutive monthly rise. While the index re…
Eurozone inflation has edged up in July, prompting speculation about future ECB rate hikes. Meanwhile, the Bank of Japan holds rates steady, with Governor Ueda…
Tokyo's Consumer Price Index (CPI) excluding fresh food increased by 1.9% year-on-year in July, surpassing the anticipated 1.7%. This marks an increase from th…
A Reuters poll indicates that 68 out of 72 economists expect the Reserve Bank of India to keep interest rates unchanged this week, as inflation remains within…
Despite rising inflation, Spain's economy showed stronger-than-expected performance in Q2, driven primarily by domestic demand. The annual GDP growth rate rema…
In July, the euro area's annual inflation rate increased to 2.9%, surpassing the previous month's 2.8% estimate. Core inflation also rose to 2.5%, prompting sp…
Australia's Producer Price Index (PPI) for the second quarter increased by 3.6%, exceeding the previous quarter's growth of 3.0%. This rise suggests underlying…
The University of Michigan's final consumer confidence index for July was reported at 55.2, surpassing the initial estimate of 54.0 and reflecting a notable in…
The Bank of Japan (BOJ) has decided to keep its short-term interest rate target at 1.00%, following a previous hike. While this decision was anticipated, a dis…
Bank of Japan Governor Kazuo Ueda has stated that the central bank will conduct monetary policy carefully to avoid falling behind the curve, particularly as un…
Lorie Logan, President of the Dallas Federal Reserve, has voiced her dissent regarding the recent FOMC rate decision, advocating for a quarter-point rate hike…
The Bank of Japan (BOJ) kept interest rates unchanged, while mixed economic indicators emerged from China and Australia. The USD/JPY pair saw volatility as Jap…
Federal Reserve official Paulson expresses a strong stance on the necessity to combat inflation, citing a range of 2.4-2.8% for underlying inflation. He acknow…
Preliminary data for July shows France's consumer price index (CPI) rising by 2.1% year-on-year, surpassing expectations of 1.8%. The harmonized index of consu…
The U.S. economy grew at an annualized rate of 1.5% in Q2, below expectations, but consumer spending remained robust. Inflation data indicates a gradual easing…
Bank of England Governor Andrew Bailey noted that disinflation is occurring at a slow pace, with a gradual weakening of the labor market. The central bank held…
The US dollar is trading lower against major currencies, particularly the Japanese yen, Australian dollar, and New Zealand dollar, following the Federal Reserv…
The Bank of England is expected to hold its Bank Rate steady at 3.75%, with a possible 6-3 vote split emerging as policymakers assess economic conditions and i…
