November 20, 2024
United States:
Some key market metrics are starting to suggest the Trump-inspired rally in the dollar may have plateaued, as bullishness fueled by the US election wanes.
Bloomberg’s gauge of the currency fell for a third day on Tuesday after rising to a two-year high last week.
Europe:
Euro-Zone Wage Growth Surges in Test for ECB Rate Cuts
A key gauge of euro-zone wages jumped by the most since the common currency was introduced in 1999 — complicating the European Central Bank’s plans for interest-rate cuts as inflation eases.
Third quarter negotiated pay rose 5.4% from a year ago, the ECB said Wednesday. That’s up from 3.5% in the previous three months and was largely driven by Germany.
Asia:
Ishiba Gets Green Light for Stimulus With Tax Talks Pledge
Japanese Prime Minister Shigeru Ishiba struck a deal with a key opposition party over his economic stimulus package, by promising that discussion of the opposition’s tax cut proposals will be included among the measures, according to Makoto Hamaguchi, a senior official in Japan’s Democratic Party for the People.
The package will state that annual tax reform discussions for the next fiscal year will include raising the ceiling for tax-free income from ¥1.03 million ($6,650), as proposed by the DPP, and will mention discussions on cutting gasoline taxes, an initiative also proposed by the DPP, Hamaguchi said.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
