BT is addressing a £100 million increase in costs due to changes in employer National Insurance contributions and minimum wage hikes, leading to intensified cost transformation strategies and potential pricing adjustments. The effectiveness of these cost control measures will be a key area of focus in the results. Network expansion remains central to BT’s strategy, with […]
2025.05.19 2025.05.19 RBA Set for Hawkish Rate Cut. Forecast as of 19.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Reserve Bank of Australia has historically embraced the principle that consistent and gradual progress is often the most effective approach. However, it has recently encountered significant headwinds. High rates can severely damage the Australian economy, so they should be lowered. What
Listed FX volumes continue to set records on SGX FX’s flagship contracts as market participants seek secure and cost-efficient sources of liquidity in an increasingly uncertain trading environment KC Lam, SGX FX Trading on SGX FX went from strength to strength in 2024 as market turmoil took hold of the markets on the back of diverging interest rate
Prior +2.2% Core CPI +2.7% vs +2.7% y/y prelim Prior +2.5% No changes to the initial estimates. The market is pricing 91% chance of another 25 bps cut at the June ECB meeting and a total of 51 bps of easing by year-end. The June cut might be hard to avoid, but it might also
China’s industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March, the
Global markets kicked off the week with a mild risk-off tone, driven by renewed concerns over US creditworthiness and mixed economic data out of China. Moody’s downgrade of the U.S. sovereign rating from Aaa to Aa1 late last Friday has cast a shadow over investor sentiment. Meanwhile, China’s latest data highlighted a fragile recovery with
The Indian Rupee continues to weaken amid renewed USD demand from importers and persistent foreign fund outflows. USD/INR may face headwinds as the US Dollar comes under pressure following Moody’s downgrade of the US credit rating. The INR finds some support from falling crude oil prices, driven by reports of progress in US-Iran nuclear talks.
US stocks rally amid tariff relief and inflation optimism United States (US) stock markets finished last week on a high note after the US and China agreed to significantly roll back tariffs for 90 days. Cooler-than-expected consumer price index (CPI) and producer price index (PPI) data reinforced expectations for potential Federal Reserve (Fed) interest rate
European Central Bank forecast from Barclays. The ECB’s next monetary policy meeting is scheduled for June 5, 2025. Market expectations suggest a high probability of another 25 basis point cut, potentially bringing the deposit rate down to 2.00%. This outlook is influenced by concerns over global trade tensions and their impact on eurozone inflation and
GBP/USD rises as US Dollar weakens in response to Moody’s decision to downgrade the US credit rating by one notch. A series of weak US economic indicators has strengthened expectations of further Federal Reserve rate cuts later this year. The Pound Sterling has strengthened, supported by UK GDP data released on Thursday that exceeded expectations.
Comments from an official at China’s National Bureau of Statistics (NBS) Productivity demand grew steadily employment situation generally stable economy grew steadily in face of pressure, continues developing in an upward trend China actively diversifying, expanding trade with Belt and Road initiative nations The comments follow the April economic data release, a mixed bag: China
AUD/USD struggles to gain any meaningful traction amid mixed fundamental cues. A weaker risk tone caps the Aussie, though a weaker USD lends support to the pair. Traders look to Chinese macro data for some impetus ahead of the RBA on Tuesday. The AUD/USD pair kicks off the new week on a subdued note and
U.S. stock futures took a significant hit due to growing fiscal concerns that were exacerbated by Moody’s recent decision to lower the U.S.’ long-standing triple-A credit rating to Aa1. The credit rating agency highlighted increasing entitlement expenditures, rising interest costs, and ongoing political deadlock as major risks to maintaining debt sustainability. In a televised interview,
New Zealand first quarter 2025 producer price index PPI Input +2.9% q/q PPI Output +2.1% — Stats NZ summary: The largest output industry contributions were from: electricity, gas, water and waste services, up 26.2 percent manufacturing, up 2.3 percent rental, hiring and real estate services, up 1.4 percent. The largest input industry contributions were from:
US Treasury Secretary Bessent spoke with CNN on Sunday. He was forthright with his threat to foreign countries that Trump’s tariff will jump back a “reciprocal” level if trade deals are not reached with the US: “Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back
