Bloomberg Economics weighed in on the ECB’s latest policy decision, claiming: “The ECB will lower borrowing costs by 25 basis points in October and again in December. After that we see quarterly moves as policymakers feel their way to neutral.”

A Bloomberg survey of a range of economists found that there is a broad expectation that the ECB will accelerate its policy easing as a means of bringing borrowing costs down to a level that no longer stifles the economy by the end of 2025. In China, the economy appears to be continually underperforming its target, however, in the UK, inflation appears to be slowing towards the 2% mark.

The post ECB Considering Interest Rate Cut to Drive Global Monetary Easing appeared first on theprimarymarket.com.

Hurricane Milton, which has hit Florida, was a major driver of oil prices, with a quarter of fuel stations in the US state sold out of gasoline. The Iranian ballistic missile attack on Israel also sparked oil supply concerns, with onlookers anticipating an Israeli response.

Still, oil prices may be stabilized due to a decline in demand. The US Energy Information Administration (EIA) downgraded its demand forecast for 2025 due to weakening economic activity in China and North America. “Without a genuine demand excess or supply shortage, the risk will remain skewed to the downside,” Tamas Varga at oil broker PVM warned.

The post Oil Prices Rise Amid Hurricane and Middle East Tensions appeared first on theprimarymarket.com.

In response to such acquisition claims, Ubisoft declined to give any explicit details, instead stating that it “regularly reviews all its strategic options”.

Takeover claims heightened this month after Ubisoft’s shares fell to their lowest point in a decade. After its highly anticipated title, “Star Wars Outlaws,” underperformed following its release, the French video game publisher announced that it would delay the release of its latest “Assassin’s Creed” game, the franchise that the company is most well-known for.

The latest rise in Ubisoft shares comes after the company posted a 33.5% spike on Friday to $15.57.

The post Ubisoft to Review Strategic Options Amid Buyout Talks appeared first on theprimarymarket.com.

Head of OTC Trading at BlockFills John Divine and roundtable anchor Rob Nelson discussed the rise of the cryptocurrency, noting that the recent Bitcoin event in Nashville, Tennessee, which drew attention to the high-profile figures who have taken an interest in the currency, including presidential candidate Robert F. Kennedy Jr. and former President Donald Trump.

Divine did note, however, that following the event, the U.S. government took the decision to move some of its Bitcoin holdings, thereby slowing down the crypto’s recent growth surge. The BlockFills executive added that the outlook of political figures on Bitcoin could significantly affect its growth trajectory going forward, with prominent leaders expressing both bullish and bearing outlooks on Bitcoin depending on their political affiliations.

The post Bitcoin Races to $60,000 as Investor Confidence Grows appeared first on theprimarymarket.com.

With CPI coming in softer than expected, investors are expecting a 25 basis point cut by the Federal Reserve at their policy meeting in September, the CME Fedwatch tool found. The tool earlier determined that traders were largely split between a 25 basis point and 50 basis point cut during the next policy decision.

Other precious metals also rose following the CPI data release, with platinum increasing 0.5% to $935.65 per ounce while silver futures rose 1.6% to $27.773 an ounce. Multiple diversified metals were also on the rise, with benchmark copper futures rising 0.5% to $8,991.50 per ton while one-month futures were up 0.5% at $4.065 per pound. Despite the recent spike in prices, copper prices are expected to slip as Chinese demand appears to be slowing down.

The post Gold Prices Rise Following Positive CPI Data appeared first on theprimarymarket.com.

July’s CPI report showed that prices rose at their slowest rate year-over-year since 2021. Cisco Systems stocks jumped by 7.4% in premarket trading following the release of the CPI, while Danish pharmaceutical Bavarian Nordic A/S surged by 17%. Ultimately, the positive CPI data has lifted investor confidence, with traders betting on an interest rate cut in September by the Federal Reserve.

“The latest US inflation data supports our view of a gradual cooling of the US economy,” Mark Haefele, chief investment officer at UBS Global Wealth Management confirmed. “This underlines our view that the Fed will start easing policy at its September meeting. That provides a positive backdrop for risk assets.” Traders are anticipating a 25 basis point rate cut next month as well as a total of 100 basis points in reductions for the rest of the year.

The post Futures Rally After Promising CPI Report appeared first on theprimarymarket.com.

On Tuesday, the monthly Producer Price Index was released. Lower than economists’ expectations, the PPI report suggested that inflation is continuing to cool, thereby raising bets of an impending rate cut. Still, further insights are expected to be drawn from the upcoming Consumer Price Index (CPI) report, due later on Wednesday.

Fed Bank of Atlanta President Raphael Bostic revealed that, despite the positive economic data to date, he is looking to reflect on more data before throwing his support behind a rate cut. Rhona O’Connell, an analyst from StoneX, observed that the central bank, “has the benefit of a second set of numbers in the first half of September, so the August numbers will set the scene, but will not be pivotal.”

The post Gold Races to Record High With Inflation Data Looming appeared first on theprimarymarket.com.

While oil prices were previously propped up by fears of an escalation in the Middle East conflict, specifically between Israel and Iran, the IEA’s report has since come to the forefront of investors’ consciousness. According to the report, the ongoing oil inventory declines affecting the global market are expected to subside during the final quarter of the year.

“I actually don’t think the increase in Middle Eastern tensions, even if that were to transpire into attacks, will lead to prices significantly higher,” Amrita Sen, director of research at consultants Energy Aspects Ltd. claimed. Sen expects that they will only be affected if a supply outage actually materializes.

Another macroeconomic concern that has directly affected the trajectory of oil prices, particularly crude, is the economic health of the United States and China, with observers awaiting further trade data from both superpowers in order to determine their economic trajectories. After data showed a record low amount of bullish bets on crude, it appears that there is now room for some recovery.

The post Oil Winning Streak Ends After IEA Outlook Report appeared first on theprimarymarket.com.

Having hit a record $344 billion in 2021, Chinese foreign investment has been on a steady decline ever since. While China has been engaged in broad initiatives to retain foreign investment, the country recorded its narrowest growth in foreign funding last year. According to the data, outbound Chinese investment in foreign markets hit a record level of $71 billion in the second quarter; an 80% surge from the same period the previous year. This rise is largely a result of Chinese firms looking to step up their global presence, particularly in the emerging electric vehicle market and lithium battery factories.

In terms of China’s overall trade, the nation appears to be in solid health. China’s trade surplus hit a record $87 billion for the second quarter, taking it past the $150 billion mark for the first half of the year.

The post China Loses Record Amount of Foreign Investment Funds appeared first on theprimarymarket.com.

According to the Financial Times, such losses were largely attributed to a large number of natural disasters along with rampant inflation and population growth in at-risk cities and other areas that happen to be more prone to natural disasters. According to the U.S. Census, about half of the country’s population growth in the 2010s came in six U.S. states all prone to severe weather conditions, including California and Texas.

As a result of the surge in underwriting losses, insurance companies that cover residential properties are withdrawing from markets where natural disasters and spiking costs of living are increasingly prominent. Alternatively, many are hiking their insurance premiums and adjusting their policies and areas of coverage, causing major concern for some homeowners located in these affected areas.

The post U.S. Home Insurers Incur Biggest Loss of Century to Date appeared first on theprimarymarket.com.

Bloomberg Economics weighed in on the ECB’s latest policy decision, claiming: “The ECB will lower borrowing costs by 25 basis points in October and again in December. After that we see quarterly moves as policymakers feel their way to neutral.”

A Bloomberg survey of a range of economists found that there is a broad expectation that the ECB will accelerate its policy easing as a means of bringing borrowing costs down to a level that no longer stifles the economy by the end of 2025. In China, the economy appears to be continually underperforming its target, however, in the UK, inflation appears to be slowing towards the 2% mark.

The post ECB Considering Interest Rate Cut to Drive Global Monetary Easing appeared first on theprimarymarket.com.

Hurricane Milton, which has hit Florida, was a major driver of oil prices, with a quarter of fuel stations in the US state sold out of gasoline. The Iranian ballistic missile attack on Israel also sparked oil supply concerns, with onlookers anticipating an Israeli response.

Still, oil prices may be stabilized due to a decline in demand. The US Energy Information Administration (EIA) downgraded its demand forecast for 2025 due to weakening economic activity in China and North America. “Without a genuine demand excess or supply shortage, the risk will remain skewed to the downside,” Tamas Varga at oil broker PVM warned.

The post Oil Prices Rise Amid Hurricane and Middle East Tensions appeared first on theprimarymarket.com.

In response to such acquisition claims, Ubisoft declined to give any explicit details, instead stating that it “regularly reviews all its strategic options”.

Takeover claims heightened this month after Ubisoft’s shares fell to their lowest point in a decade. After its highly anticipated title, “Star Wars Outlaws,” underperformed following its release, the French video game publisher announced that it would delay the release of its latest “Assassin’s Creed” game, the franchise that the company is most well-known for.

The latest rise in Ubisoft shares comes after the company posted a 33.5% spike on Friday to $15.57.

The post Ubisoft to Review Strategic Options Amid Buyout Talks appeared first on theprimarymarket.com.

Head of OTC Trading at BlockFills John Divine and roundtable anchor Rob Nelson discussed the rise of the cryptocurrency, noting that the recent Bitcoin event in Nashville, Tennessee, which drew attention to the high-profile figures who have taken an interest in the currency, including presidential candidate Robert F. Kennedy Jr. and former President Donald Trump.

Divine did note, however, that following the event, the U.S. government took the decision to move some of its Bitcoin holdings, thereby slowing down the crypto’s recent growth surge. The BlockFills executive added that the outlook of political figures on Bitcoin could significantly affect its growth trajectory going forward, with prominent leaders expressing both bullish and bearing outlooks on Bitcoin depending on their political affiliations.

The post Bitcoin Races to $60,000 as Investor Confidence Grows appeared first on theprimarymarket.com.

With CPI coming in softer than expected, investors are expecting a 25 basis point cut by the Federal Reserve at their policy meeting in September, the CME Fedwatch tool found. The tool earlier determined that traders were largely split between a 25 basis point and 50 basis point cut during the next policy decision.

Other precious metals also rose following the CPI data release, with platinum increasing 0.5% to $935.65 per ounce while silver futures rose 1.6% to $27.773 an ounce. Multiple diversified metals were also on the rise, with benchmark copper futures rising 0.5% to $8,991.50 per ton while one-month futures were up 0.5% at $4.065 per pound. Despite the recent spike in prices, copper prices are expected to slip as Chinese demand appears to be slowing down.

The post Gold Prices Rise Following Positive CPI Data appeared first on theprimarymarket.com.

July’s CPI report showed that prices rose at their slowest rate year-over-year since 2021. Cisco Systems stocks jumped by 7.4% in premarket trading following the release of the CPI, while Danish pharmaceutical Bavarian Nordic A/S surged by 17%. Ultimately, the positive CPI data has lifted investor confidence, with traders betting on an interest rate cut in September by the Federal Reserve.

“The latest US inflation data supports our view of a gradual cooling of the US economy,” Mark Haefele, chief investment officer at UBS Global Wealth Management confirmed. “This underlines our view that the Fed will start easing policy at its September meeting. That provides a positive backdrop for risk assets.” Traders are anticipating a 25 basis point rate cut next month as well as a total of 100 basis points in reductions for the rest of the year.

The post Futures Rally After Promising CPI Report appeared first on theprimarymarket.com.

On Tuesday, the monthly Producer Price Index was released. Lower than economists’ expectations, the PPI report suggested that inflation is continuing to cool, thereby raising bets of an impending rate cut. Still, further insights are expected to be drawn from the upcoming Consumer Price Index (CPI) report, due later on Wednesday.

Fed Bank of Atlanta President Raphael Bostic revealed that, despite the positive economic data to date, he is looking to reflect on more data before throwing his support behind a rate cut. Rhona O’Connell, an analyst from StoneX, observed that the central bank, “has the benefit of a second set of numbers in the first half of September, so the August numbers will set the scene, but will not be pivotal.”

The post Gold Races to Record High With Inflation Data Looming appeared first on theprimarymarket.com.

While oil prices were previously propped up by fears of an escalation in the Middle East conflict, specifically between Israel and Iran, the IEA’s report has since come to the forefront of investors’ consciousness. According to the report, the ongoing oil inventory declines affecting the global market are expected to subside during the final quarter of the year.

“I actually don’t think the increase in Middle Eastern tensions, even if that were to transpire into attacks, will lead to prices significantly higher,” Amrita Sen, director of research at consultants Energy Aspects Ltd. claimed. Sen expects that they will only be affected if a supply outage actually materializes.

Another macroeconomic concern that has directly affected the trajectory of oil prices, particularly crude, is the economic health of the United States and China, with observers awaiting further trade data from both superpowers in order to determine their economic trajectories. After data showed a record low amount of bullish bets on crude, it appears that there is now room for some recovery.

The post Oil Winning Streak Ends After IEA Outlook Report appeared first on theprimarymarket.com.

Having hit a record $344 billion in 2021, Chinese foreign investment has been on a steady decline ever since. While China has been engaged in broad initiatives to retain foreign investment, the country recorded its narrowest growth in foreign funding last year. According to the data, outbound Chinese investment in foreign markets hit a record level of $71 billion in the second quarter; an 80% surge from the same period the previous year. This rise is largely a result of Chinese firms looking to step up their global presence, particularly in the emerging electric vehicle market and lithium battery factories.

In terms of China’s overall trade, the nation appears to be in solid health. China’s trade surplus hit a record $87 billion for the second quarter, taking it past the $150 billion mark for the first half of the year.

The post China Loses Record Amount of Foreign Investment Funds appeared first on theprimarymarket.com.

According to the Financial Times, such losses were largely attributed to a large number of natural disasters along with rampant inflation and population growth in at-risk cities and other areas that happen to be more prone to natural disasters. According to the U.S. Census, about half of the country’s population growth in the 2010s came in six U.S. states all prone to severe weather conditions, including California and Texas.

As a result of the surge in underwriting losses, insurance companies that cover residential properties are withdrawing from markets where natural disasters and spiking costs of living are increasingly prominent. Alternatively, many are hiking their insurance premiums and adjusting their policies and areas of coverage, causing major concern for some homeowners located in these affected areas.

The post U.S. Home Insurers Incur Biggest Loss of Century to Date appeared first on theprimarymarket.com.