In much the same way as the US economy’s Manufacturing PMI, the health and pace of the German industrial sector is also the driving force not only for its domestic economy but really for that of the European Union as a whole.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
US-China Trade Woes to Keep The Upside Limited – Gold Silver Reports
The black gold attempted a comeback on Tuesday, as markets resorted to profit-taking on their short positions after three back-to-back days of losses. Further, a dramatic turnaround in the risk sentiment, induced by the Yuan recovery, also helped the higher-yielding oil to recover losses.
Federal Reserve chairman Jerome Powell announced an interest rate cut of 0.25% Wednesday
Federal Reserve chairman Jerome Powell announced an interest rate cut of 0.25% Wednesday, confirming analysts’ expectations of a cut amid softening inflation, a strong consumer economy and an uncertain international trade outlook.
Spot Gold Hold Near $1,428, Waiting FOMC & US-China Trade Talks
Gold Silver Reports (GSR) – The precious metal failed to build on its modest uptick witnessed over the past two trading session and was now being weighed down by a combination of negative factors – including the prevalent bullish sentiment surrounding the US Dollar and improving global risk sentiment.
Chair Jerome H. Powell – Welcoming Remarks & Outlook
Good morning everyone and thank you to President Rosengren and the Boston Fed for hosting this conference. -The Federal Reserve is strongly committed to stress testing as a cornerstone of our bank supervisory and financial stability missions. Stress testing is perhaps the most successful supervisory innovation of the post-crisis era. But if stress tests are to continue to serve their critical function, they will need to evolve in the years ahead to keep pace with the ever-changing financial system, as they have since the first round of tests in 2009.
परमाणु समझौता / ईरान ने यूरेनियम उत्पादन की तय सीमा तोड़ने का ऐलान किया, फ्रांस ने चिंता जताई
तेहरान – ईरान ने रविवार को 2015 में परमाणु समझौते के तहत यूरेनियम उत्पादन की तय सीमा को तोड़ने का ऐलान किया है। उप विदेश मंत्री अब्बास अरागची ने कहा कि ईरान अब भी चाहता है कि परमाणु समझौता बना रहे, लेकिन यूरोप के देश अपनी प्रतिबद्धता से पीछे हट रहे हैं। अमेरिका 2018 में एकतरफा इस समझौते से अलग हो गया था। इसके बाद उसने ईरान पर कड़े प्रतिबंध लगा दिए।
Coming Days Bullion Market Crash Will Set Off The Biggest Gold Panic Buying in History
Gold Silver Reports (GSR) – While the US and global economies have continued as usual since the Fed and central banks stepped in and propped up the collapsing markets in 2008, this was a one-time deal that can’t be used again.