Asia-Pacific Markets Rise on Softer U.S. Jobs Report, Investors Await RBA’s Rate Decision and China’s Trade Data
Why the Soft Jobs Report Could Lead to Rate Cuts
Wall Street’s gains on Monday were driven by a softer-than-expected U.S jobs report, which could potentially lead to Federal Reserve rate cuts. The Reserve Bank of Australia’s rate decision on Tuesday, and China’s April trade data on Thursday are also being watched closely by investors.
Inflation in Australia Accelerating
Analysts at ING have said that the RBA meeting is worth watching closely since recent inflation data from Australia showed growth in prices was starting to accelerate. However, they forecast no change to the RBA’s rate of 4.35% as compared to the US, due to a substantial softening of Australia’s labor market.
Mainland China and India see Boost in PMI Readings
Composite purchasing managers’ index readings for Hong Kong were released today by S&P Global along with service PMI readings for mainland China and India. Japan and South Korea’s markets are closed for a public holiday.
Austral
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US economic growth plummets; GDP stood at 1.6% in the first quarter of 2024
WASHINGTON (apro).-The economic expansion of the United States suffered a setback during the first quarter of 2024, after the annualized rate of the Gross Domestic Product (GDP) for that period was 1.6%, reported the Department of Commerce .
The Bureau of Economic Analysis (BEA) of the federal government of the United States indicated that the GDP growth rate during the months of January, February and March of this year were well below the advance recorded in the last quarter of 2023, whi
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US economic growth plummets; GDP stood at 1.6% in the first quarter of 2024
ECONOMIC AND SOCIAL ADVISORY – Help for the creation of the CESC
| Participants in the meeting with the delegation of the Union of Economic and Social Councils of Africa. |
Youness Benakki, secretary general of the Union of Economic and Social Councils of Africa, currently on mission to Madagascar, met yesterday in Anosy with the country’s socio-economic actors to support the establishment of the Economic, Social and Cultural Council (CESC) .
“We are here to bring together all the prerequisites for a successful installation and optimal positioning of this constitutional institution in Madagascar. We had very fruitful exchanges with all Malagasy stakeholders, including civil society, the private sector and government representatives,” reported Youness Benakki, also secretary general of the Economic, Social and Environmental Council of the Kingdom of Morocco.
The relevance, usefulness and importance of this
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ECONOMIC AND SOCIAL ADVISORY – Help for the creation of the CESC
OIL COMPANY – Madagascar oil undermined by lawsuits
| The Tsimiroro heavy oil exploitation site of Madagascar oil |
Information is pouring in regarding the completion of the financial restructuring of Madagascar Oil SA. According to our sources, the Supreme Court of the Bermuda Islands approved, on April 2, the financial restructuring proposal presented by the shareholder Benchmark Group. This decision also authorizes the acquisition by the latter of all the shares of Madagascar Oil Ltd, based in Mauritius, holder of 99% of the shares of Madagascar Oil SA. According to information, this Court had already ordered this financial restructuring in February 2023 following a request from a creditor of
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National Integrated Ticket: what will it entail? The Ministry of Infrastructure is working on a new solution
The Ministry of Infrastructure has started work on the possibility of implementing the Integrated National Ticket, a system that combines different types of public transport. The new solution is intended to facilitate travel by train, tram and city bus.
“The Ministry of Infrastructure is evaluating the possibility of introducing it National Integrated Ticket, which connects various types of public transport. The mentioned project is an advanced and comprehensive concept that responds to the growing challenges related to urban and regional mobility and the need to promote sustainable forms of transport in Poland,” said Piotr Maleszak, Deputy Minister of the Ministry of Infrastructure.
Integrated National Ticket: what is it?
Malepszak added that there are plans to introduce a solution where the deposit related to ticket payments or discount systems will be deposited onto a chip and then calculated via a reader.
“A single ticket will allow hassle-free travel on trains, buses and trams. The system will include different forms of tickets, including: single-use connecting tickets purchased for a specific route regardless of the carrier and departure time, with the possibility of select a return option, so-call
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Analysis of IFA Opinion on Shareholder Benefits in Proposed Transaction Between WIE and NAUTIC
Therefore, the IFA is of the opinion that entering into a transaction of selling ordinary shares of WIE and receiving ordinary shares of NAUTIC as compensation for the sale of WIE shares could bring more benefits to the shareholders of NAUTIC than to the shareholders of BYD For this reason, by IFA Opinion that BYD shareholders should not approve the Conduct of related transactions at this time
However, the Board of Directors and the Audit Committee agreed that the transaction led to the expansion of funding opportunities from the Singapore Stock Exchange. As one of the world’s financial centers, NAUTIC, which is listed on the Singapore Stock Exchange, may help support and increase fundraising potential. and/or seeking funding from foreign investors for the expansion of WIE’s industrial real estate development business which requires a high capital investment. and to reduce the burden of raising money from BYD shareholders and increase opportunities to invest in other businesses in line with BYD’s future business expansion plans.
BYD has published information through the Stock Exchange of Thailand. Notice of the decision of the BYD Board meeting on April 30, 2024, amending the opinion of the BYD B
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Analysis of IFA Opinion on Shareholder Benefits in Proposed Transaction Between WIE and NAUTIC
Positive EU stock markets, week full of quarterly and eyes on BoE
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(Il Sole 24 Ore Radiocor) – The European stock markets open positively in the week in which the Old Continent’s quarterly reporting season comes into full swing, with the results of some giants of the Italian Stock Exchange such as Unicredit and Leonardo. Investors are awaiting the Bank of England meeting scheduled for Thursday 9 May, from which signals could emerge about the start of the monetary easing cycle in the country. On the subject of central banks, attention will also be p
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Positive EU stock markets, week full of quarterly and eyes on BoE
German Mechanic Embraces New Career Amid Auto Industry Turmoil
Emrullah Karaca, a mechanic employed by automotive supplier Continental in Gifhorn, northern Germany, April 23, 2024 (AFP / Léa PERNELLE)
In a few months, Emrullah Karaca will be ready to assemble heat pumps. A new career for this German mechanic who has been making car brakes for over twenty years but whose factory is about to close.
At the end of 2027, automotive supplier Continental will relocate production from its Gifhorn site, in northern Germany, to Croatia, the Czech Republic and Wales in order to remain “competitive”.
For the 800 employees who will lose their jobs, like Emrullah Karaca, the race for retraining has begun.
He is one of thousands of workers in automotive subcontracting, a flagship sector of German industry, which has been hit by a tsunami of social plans in recent months. In Germany, the European election campaign is gaining momentum due to the pressure of industrial collapse.
European equipment manufacturers are experiencing the double shock of the planned end of the thermal engine in the EU and the rise of Chinese competition.
Like Continental, which will cut around 7,000 jobs worldwide, the Germans Bosch, ZF, Webasto have recently announced significant cut
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German Mechanic Embraces New Career Amid Auto Industry Turmoil
Commercial banking financing increased 6.4% in March: BdeM
Mexico City. In March 2024, the balance of financing granted by commercial banks stood at 9 trillion 676 billion pesos, which meant an increase of 6.4 percent compared to the same month in 2023, the Bank of Mexico (BdeM) reported this Tuesday. ).
According to the Monetary Aggregates report of the central bank, of the components of this indicator, the financing granted to the private sector, which constitutes 66 percent of the total, was 6 trillion 350 billion pesos, an annual increase of 5.6 percent.
For its part, financing to the federal public sector, which rep
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Re-Acceleration in American Inflation: Market Forecasts and Investment Strategies
2024-05-06 08:50:00
(AOF) – “In a context of re-acceleration in American inflation, the markets have adjusted down the forecasts for interest rate cuts by all the major central banks”, emphasizes Vincent Chaigneau, research director at Generali Investments. The latter considers that the start of Fed easing will be postponed until September, but that it will not be cancelled. “A first rate cut by the ECB is still planned for June, follow
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Re-Acceleration in American Inflation: Market Forecasts and Investment Strategies