LONDON/SINGAPORE—The dollar fell slightly on Tuesday as investors awaited U.S. inflation data, while China’s yuan slipped to a six-month low after the central bank lowered a short-term lending rate to boost the economy. The euro was up 0.42 percent to $1.08 on Tuesday, after touching its highest since May 23 earlier in the session at…
Shares Get a Boost From Tech; Dollar Dithers Ahead of Inflation Data
June 13, 2023
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LONDON—Global shares rose on Tuesday, taking their lead from an upbeat session on Wall Street ahead of key U.S. inflation data that could shape the outlook for Federal Reserve monetary policy. Consumer inflation on Tuesday and wholesale data on Wednesday could offer investors evidence of how successful the Fed has been in taming price pressures,…
Commercial Real Estate Forecast Mixed, Office Continues to Slide, Other Sectors Thriving: UCLA Anderson
June 12, 2023
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Business & MarketsCaliforniacommercial real estateeconomyinflationInvestmentLos AngelesMarketsNew YorkNorthern Californiareal estaterecessionRegional & State NewsSan FranciscoSouthern CaliforniaState NewsUniversity of California–Los AngelesUSUS NewsUS Real Estate
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Commercial real estate in the United States is facing uncertainty, with mixed signals from traditional economic bellwethers like housing and employment contributing to the lack of clarity, and lingering fears of recession leave the predictions open-ended, according to a recent forecast by the University of California–Los Angeles Anderson School of Business, which included estimates for…
Labor’s Attempt to Appease Greens Fall Flat as Greens Cling to Rent Freezes
June 12, 2023
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The Greens are being chastised for their failure to support one of Labor’s key legislative policies, the Housing Affordability Future Fund (HAFF), after the government rejected their demand of a country-wide rental freeze, with the Prime Minister calling them difficult. This is despite the announcement the government would make key changes to the bill that would…
Nuclear Is the Energy Policy Australia Needs for the Productivity Puzzle
Commentary This is not a good time to be treasurer. Productivity in Australia has recorded its largest recorded quarterly drop ever; total GDP growth was positive but anaemic while GDP per capita went backwards, and interest rates, wages, and housing are all simultaneously rising. Not that Treasurer Jim Chalmers bears all the blame. Prime Minister…
CIBC Report Calls on Governments to Dampen Spending
A new report by CIBC Capital Markets, released June 12, says governments could be doing more in the battle against inflation by keeping a tighter grip on their wallets. Across the country, Canadians are struggling with rising costs in everything from groceries to rent. But the report said loose spending by governments is boosting growth,…
Persistent Inflation, Federal Reserve Rate Hike to Headline the Economic Week
Inflation data and the Federal Reserve’s policy meeting will headline this week’s economic events—but retail sales numbers, regional central bank manufacturing index readings, and consumer sentiment will be other important data investors will watch. The May consumer price index (CPI) report will be released on June 13. The consensus estimate is an annual print of…
Persistent Inflation, Federal Reserve Meeting to Headline Economic Week
Inflation data and the Federal Reserve’s policy meeting headline this week’s economic events, although investors also will be watching other important data such as retail sales numbers, regional central bank manufacturing index readings, and consumer sentiment. The May consumer price index (CPI) report will be released on June 13. The consensus estimate is an annual print of…
Dollar Slips as Fed Pause Eyed in Busy Central Bank Week
LONDON—The dollar edged lower on Monday as traders stayed on guard ahead of policy decisions this week from several central banks, including the Federal Reserve, who are expected to keep interest rates on hold for the first time since January 2022. Monetary policy meetings of the Fed, the European Central Bank (ECB) and the Bank…
European Stocks Rise Ahead of Inflation Data, Central Bank Meetings
June 12, 2023
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LONDON—European stocks rose in early trading on Monday and world stocks were just below 13-month highs ahead of key inflation data and U.S. Federal Reserve and European Central Bank meetings later in the week. After lacking direction during Asian trading, market sentiment picked up in early European trading, as investors waited for U.S. CPI data…
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