Source: Bloomberg. India and Singapore will integrate their fast-payment systems to enhance cross-border payments and remittance flows, which amount to over $1 billion each year.Sensex up +0.12%, Nifty_50 up +0.14%, SGX up +0.20% India’s Unified Payments Interface will be linked with Singapore’s PayNow by July 2022 to enable users to make instant, low-cost fund transfers … [Read more...] about India and Singapore Integrate Their Payment Systems to Boost $1Billion Flows
Forex News
3-Year Inflationary Expectations in the US Climb to the Highest since 2013
Source: Reuters US consumers are less upbeat on consumer prices, with the change over the next year and following three years rising to the highest since 2013. SPY is up 0.034%, DXY is down 0.04%. Year-ahead expectations of inflation rose for the 10th straight month, hitting a median of 5.2% in August. Inflation expectations over the next three years rose to a median of … [Read more...] about 3-Year Inflationary Expectations in the US Climb to the Highest since 2013
UK Economic Recovery Stalled in July Amidst Increasing Worker Shortages
The UK economy rose at a much slower pace than expected in July and still remains over 2% below pre-pandemic levels. Source: Office for National Statistics FTSE 350 Index up +0.17%, EUR USD up +0.03% In the three months ending in July, the UK economy grew 3.6%, largely due to the performance of the services sector. This partly reflects the gradual reopening of … [Read more...] about UK Economic Recovery Stalled in July Amidst Increasing Worker Shortages
Biden-Xi Jinping’s Call Creates Optimism for Trade Relations as Global Stocks and Oil Gains
Source: Markets Insider Global stocks jumped Friday after President Biden and Chinese leader Xi Jinping held talks for the first time in seven months. SSE Composite Index up +0.27%, Hang Seng Index up +1.91%, Nikkei up 1.25% Dow Jones futures are 0.4% higher, while those on the S&P 500 and the tech-heavy Nasdaq improved 0.3%, implying a turn higher for US stocks when … [Read more...] about Biden-Xi Jinping’s Call Creates Optimism for Trade Relations as Global Stocks and Oil Gains
Producer Price Growth Slows to Three-Month Low in August
Source: Bureau of Labor Statistics Final demand prices continued to climb in August, albeit at the slowest pace in three months, mainly driven by increases in services during the month. DBC is up 1.44%, while GSG is up 1.55%. The Producer Price Index for final demand grew 0.7% in August, down from 1.0% in July. This is the slowest in three months since the 0.5% recorded … [Read more...] about Producer Price Growth Slows to Three-Month Low in August
