Deutsche Bank has delved into centuries of economic data, unearthing potential indicators of imminent recessions and deciphering patterns that span across 323 years of global economic trends. This exploration of economic cycles includes a list of recessions, expansions, and market downturns dating back to the 1700s, meticulously dissecting the triggers and warning signs behind historical recessions.
The ongoing depreciation of the yen has become a focal point for market watchers and economists. The yen is trading through its tightest monthly trading range in over a year and a half, with the potential intervention by the Bank of Japan (BOJ) looming over the market, acting as a deterrent for yen bears.
Meme stocks, the curious phenomena that began to captivate the financial world in 2021, continue to be a subject of fascination and intrigue in 2023. These stocks, often driven by internet communities and social media hype, have brought new levels of volatility and unpredictability to the stock market. In this article, we’ll delve into the latest developments surrounding meme stocks and explore what makes them so unique in the financial landscape of 2023.
Last week, Federal Reserve Chairman Jerome Powell delivered his anxiously anticipated speech at the annual economic policy conference in Jackson Hole. The speech garnered attention for its hawkish tone, outlining the Federal Reserve’s commitment to combating inflation and laid out the current economic landscape, challenges and policy considerations.
As we move through the second half of 2023, the global stock markets seem to be caught in a difficult situation. With the U.S. Federal Reserve’s unwavering stance on high interest rates and China’s faltering economic indicators, investors are sailing through choppy waters.
In a significant move, Fitch Ratings has downgraded the United States’ Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘AAA’ to ‘AA+’. This action, announced on August 1, 2023, is the reflection of concerns regarding the nation’s fiscal health, governance standards, and debt management, thereby signalling to investors and the global markets about the increased risk of lending to the United States. With markets currently in the red, the immediate impact of this downgrade is still unfolding.