Astrological and Economic Outlook for Spring: Stock Market Rally and Lunar/Solar Eclipses
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#985adb2f ver:0.04
The Dow Jones Industrial Average had its best week of the year after the Federal Reserve meeting. The Jupiter/Uranus express is still on track for its major destination on April 20/21. Global stock markets rallied to new highs after the central bank's dovish tone. Home sales in the US rose in February for the first time in over two years. Interest rates are likely to come down later this year, but mortgage rates might not follow as quickly. The first month of spring (Aries) might be more dramatic than usual with a lunar and solar eclipse. Financial markets may experience sharp gains and losses before and after the solar eclipse. The Jupiter/Uranus conjunction on April 20/21 suggests that stocks can still go higher. Mercury will turn retrograde from April 1 through April 25, causing sharp p...
#newstr #StockMarket #FederalReserve #HomeSales #InterestRates #SolarEclipse #Jupiter/uranusConjunction #MercuryRetrograde #AriesSeason #GoldPrices
Debate over Carbon Tax Intensifies Amid Record-High Global Temperatures
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#0cdf63f6 ver:0.07
IMF Chief Kristalina Georgieva has faced criticism after advocating for a global carbon tax during the World Economic Forum conference in Davos, Switzerland. In her speech, Georgieva argued that fossil fuel subsidies amount to $1.3 trillion globally and proposed replacing them with a carbon tax of $85 by 2030. She dismissed concerns about the cost of the tax, stating that the money should be obtained from where it hurts and put to where it helps. Georgieva emphasized the need to address climate change and reduce emissions, but her call for a carbon tax has sparked controversy.
David Blackmon, in an opinion piece for the Daily Caller, criticized Georgieva's stance on carbon tax. He described her proposal as authoritarian and elitist, reflecting the plans discussed by globalist elites at th...
#newstr #CarbonTax #ClimateChange #RenewableEnergy #CarbonEmissions
PNG lawyer attends US talks on economy and sustainability
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#c8a23669 ver:0.06
The concept of the blue economy, which focuses on the sustainable use of ocean resources for economic growth and development, has been gaining attention globally. However, policy challenges are hindering its full potential .
Despite the potential of the blue economy to create jobs, boost tourism, and contribute to sustainable development, policy issues such as lack of coordination, inadequate infrastructure, and limited investment are preventing its full development .
The blue economy has been recognized as a significant sector with the potential to generate economic benefits. It is estimated that the oceans and their associated sectors generate about $133 billion annually . However, without addressing these policy issues, the growth and impact of the blue economy will be limited .
Afri...
#newstr #BlueEconomy #Sustainability #EconomicDevelopment #PapuaNewGuinea #UnitedStates
China's Economic Recovery Faces Challenges as Key Economic Activity Data Reveals Mixed Trends
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#7122b8ba ver:0.41
China's economy continues to show signs of recovery, with upbeat industrial output and retail sales in the January-February period. Industrial output rose by 7.0%, surpassing expectations, while retail sales increased by 5.5% . Fixed asset investments, including infrastructure projects, expanded by 4.2% to 5.08 trillion yuan in the same period . However, the frailty of the property sector remains a concern. Property investment declined by 9.0% year-on-year during the same period, and property sales by floor area experienced a significant drop of 20.5% . The weak performance of the property sector has been a drag on the overall economy. Additionally, the job market worsened, with the nationwide survey-based jobless rate reaching 5.3% in January-February .
Premier Li Qiang has acknowledged ...
#newstr #China #Economy #Fdi #ChinaDevelopmentForum #Inflation #Singapore #Malaysia #Taiwan #IndustrialProduction #UsNewHomeSales
Japanese Yen Weakens as Dollar's Ascent Curbed by Intervention Threat
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#080c8e6b ver:0.99
The Japanese yen weakened further on Wednesday, falling to a four-month low against the US dollar and a 16-year low against the euro. This comes after the Bank of Japan (BOJ) announced its decision to end its negative interest rate policy and yield curve control. Despite this shift in policy, the BOJ indicated that it expects to maintain accommodative conditions for the time being, keeping pressure on the yen. Investors interpreted the BOJ's messaging to mean that any further tightening will be gradual, leading to the yen's continued weakness. On Wednesday, the yen weakened to a four-month low of 151.34 per dollar and was last off 0.30% at 151.28. Against the euro, the yen weakened to 164.35, its lowest level since 2008. The yen's weakness is in line with the stronger performance of Japane...
#newstr #Yen #Dollar #CurrencyIntervention #BankOfJapan #InterestRate #FederalReserve #Euro #Sterling #AustralianDollar #NewZealandDollar #Yuan #MonetaryEasing
US Retail Sales Exceed Expectations, NRF Projects Moderate Growth in 2024 Amid Rising Crime and Counterfeiting Concerns
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#347aa46b ver:0.83
US retail sales for December 2023 exceeded expectations, rising by 0.6% from November to $615 million. This increase was 0.3% higher than November's sales, indicating the resilience of American shoppers and a positive financial start to the new year. Out of the 13 categories monitored, nine experienced sales increases, including clothing, fashion accessories, and non-store retailers. However, health and personal care shops saw a 1.4% decrease, and petrol station sales were down by 1.3%. Automotive and fuel sales increased by 4.9% annually, while spending at petrol stations dropped by 11.5% due to falling fuel prices. The strong retail sales figures may influence the US Federal Reserve to maintain its current interest rates.
Retail sales in the US rebounded in February, rising by 0.6% afte...
#newstr #UsRetailSales #NrfForecast #SupplyChainFlexibility #Walmart #Crime #Counterfeiting
The Positive Impact of Immigration on America's Economic Success
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#6ca708a8 ver:0.5
Immigration has long been a topic of debate and discussion, with its impact on the economy being a central point of contention. According to economist Paul Krugman, immigrants are a major reason for America's economic success . Krugman refutes the notion that immigrants are not people and highlights the evidence that immigration has helped the U.S. economy. Despite concerns that the pandemic would lead to a smaller and less productive workforce, the U.S. economy has exceeded expectations. This is attributed to the resilience and adaptability of American workers and businesses, as well as the Biden administration's significant spending. Additionally, the surge in immigration has played a big role in increasing the economy's potential .
Statistics from the U.S. Bureau of Labor reveal that f...
#newstr #Immigration #UsEconomy #EconomicSuccess
Investing in Israel: A Post-War Opportunity for International Investors
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#1b0dcdaa ver:0.04
The global economy has demonstrated its resilience in the face of significant challenges, such as the Ukraine war and the ongoing Israel-Hamas conflict. Despite concerns about the potential consequences for the world economy, including stock market volatility, inflation, and interest rates, the global economy has managed to survive these conflicts . India's stock market index has experienced a decline, reflecting the jittery sentiment in global markets . The emerging market stock indices were already weakening prior to the Hamas attack, indicating ongoing weakness in the global economy . However, despite these challenges, the global economy has shown resilience and managed to survive the Ukraine war . It remains to be seen how it will navigate the current Israel strife and its potential im...
#newstr #Israel #Investment #Economy #Postwar #HitechSector
Thiago Silva's Chelsea Era Ends as Jonathan Tah Emerges as Potential Replacement
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#d38ddbcf ver:0.07
Thomas Tuchel's job as Bayern Munich coach is safe for now despite the team's recent string of three straight defeats. Bayern lost 3-2 to Bochum in the Bundesliga, following a 1-0 loss to Lazio in the Champions League and a 3-0 loss to Bayer Leverkusen. This is the first time Bayern has lost three consecutive games since May 2015.
Mauricio Pochettino pleaded with Chelsea fans to 'trust' him and show support for Raheem Sterling after the pair were booed during Sunday's FA Cup quarter-final win against second-tier Leicester. Pochettino's side survived a scare from 10-man Leicester as they blew a two-goal half-time lead at Stamford Bridge, before salvaging a dramatic 4-2 victory. Already frustrated by their inconsistent team's slump to 11th place in the Premier League, the Blues fans jeered ...
#newstr #Chelsea #ThiagoSilva #JonathanTah #BayerLeverkusen #MauricioPochettino #PremierLeague
Former IRA Member Pearse McAuley Laid to Rest in Strabane Cemetery
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#933a98ee ver:0.08
Former IRA member Pearse McAuley, who was imprisoned for killing Detective Garda Jerry McCabe and assaulting his former wife Pauline Tully, was buried in Strabane Cemetery following a funeral mass at the Church of the Immaculate Conception. McAuley's funeral took place on March 25, 2024, and was attended by mourners who were told during the eulogy that McAuley was an educator, philosopher, and a deeply sincere man of hope .
Pearse McAuley had a troubled past, having escaped from Brixton Prison in 1991 and being a member of an IRA gang that attempted an armed robbery in Adare in 1996, resulting in the killing of Detective Garda McCabe. He was sentenced to 14 years in prison for manslaughter and was released in 2009. In 2015, McAuley was sentenced to 12 years for stabbing his estranged wife...
#newstr #PearseMcauley #Funeral #Ira #DetectiveGardaJerryMccabe #PaulineTully
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/826b5415-bcf2-4277-ea5e-d02ca52a8f00/public
Buying a More Expensive Home for Better Value and Affordability
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#e7251350 ver:0.33
Despite the high cost of living in the United States, there are strategies that potential homeowners can consider to make homeownership more affordable. One such strategy, according to an article from Financial Samurai, is to buy a more expensive home. The article suggests that opting for a home priced 50% higher than the median can offer better value and cost-efficiency. While buying a median-priced home in cities like San Francisco can result in high prices and intense competition, purchasing a more expensive home can provide better value on a price-per-square-foot basis. Smaller homes often have higher rental yields, and there is increasing upward pricing pressure for homes in the next segment up. Buying a more expensive home can feel more affordable if it offers great value relative to...
#newstr #CostOfLiving #Homeownership #HousingMarket #Affordability #RealEstate #MedianpricedHomes #PricePerSquareFoot
Asian Markets Brace for Data Releases Amid Central Bank Signals
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#c0f35c29 ver:0.23
Investors in Asia may favor playing it conservative ahead of a slew of economic indicators in the coming days, especially with Japan's stock market notching consecutive record highs and market closures on Friday for many centers, including China .
Japan's Nikkei 225 extended its rally last week, supported by dovish signals from central banks such as the Federal Reserve, Swiss National Bank, and Bank of England. However, it was the Bank of Japan that made headlines by ending its long-held policy of yield curve control and negative interest rates, signaling confidence in Japan's economic recovery. This move by the Bank of Japan kicks off the hectic central bank news cycle .
Japan is set to release revised January leading indicators and services PPI data on Monday, with Tokyo CPI due on Thu...
#newstr #Asia #Japan #StockMarket #CentralBanks #EconomicIndicators #Inflation #MonetaryEasing #Yuan #S&p500 #Nasdaq
Mixed signals cloud the way for the Bank of England in navigating the current economic landscape
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#fcd4360b ver:0.04
In a world of uncertainty and differing views, the topic of interest rates has taken center stage. Bank of England officials, such as Chief Economist Huw Pill and economist Megan Green, have expressed contrasting opinions on the future direction of interest rates in the UK. Pill believes that maintaining the current interest rates will be sufficient to bring down inflation to the target level within two years. On the other hand, Green suggests that higher rates may be necessary for a longer period to address inflationary pressures and financial imbalances. The potential impact on the housing market and the importance of effective communication from the central bank are also highlighted by Green. These differing views reflect a cautious approach to monetary policy in the UK, as policymakers...
#newstr #BankOfEngland #InterestRates #Inflation #GlobalEconomy
US Market Rally Broadens as Investors Seek Winners Beyond Tech Giants
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#1dc04428 ver:0.18
The US stock market rally is showing signs of broadening as investors shift their focus beyond the mega-cap tech stocks that have been driving gains. A more reassuring economic outlook and dovish signals from the Federal Reserve have prompted investors to seek winners in sectors such as financials, industrials, and energy, which are outperforming the S&P 500's year-to-date gain of 9.7%. This broader rally indicates that market leadership is becoming less concentrated and less susceptible to a correction.
The Magnificent Seven tech stocks, including Nvidia and Meta Platforms (formerly Facebook), have been responsible for a significant portion of the S&P 500's gain so far this year. However, the rally in other sectors such as financials, industrials, and energy is reducing the dominance of ...
#newstr #UsStockMarket #TechGiants #FederalReserve #Inflation #EconomicGrowth
Reserve Bank of Australia (RBA) Maintains Rates, but Likely to Cut Later in the Year
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#7272416b ver:0.22
Most share markets rose over the last week as the Fed finally pivoted towards rate cuts and numerous central banks left rates on hold. The positive global lead and the flow on from the Fed’s pivot to expectations for RBA rate cuts next year saw the Australian share market surge 3.4% for the week. Bond yields fell further on the back of falling interest rate expectations for next year. The US share market is now just 1.6% below its record January 2022 high. The Fed is expected to start cutting interest rates in the June quarter. The ECB is likely to start cutting rates in April. The BoE is likely to start cutting around mid-2024. The RBA is expected to trail behind other global central banks in cutting interest rates. The RBA has been slow to respond to inflation pressures post-pandemic, an...
#newstr #ReserveBankOfAustralia #InterestRates #CentralBanks #EconomicData #JobsGrowth #RbaMinutes #Pmis #Inflation #ShareMarkets #GoldPrices
California's Unemployment Rate Rises to Highest in the Nation Amid Slower Job Growth
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#4d8cad5a ver:0.15
California's job growth has been trailing the national curve all year, with the state's unemployment rate exceeding the national average by more than a full percentage point . In January, California added 58,100 nonfarm jobs, but only 7.7% of the nearly 3 million nationwide jobs created over the prior 12 months have been in California . Economists and business analysts attribute the lagging performance to factors such as the major role agriculture plays in the state economy, the tech industry's belt-tightening, and the state's high costs and employment rules that make hiring difficult and risky . The entertainment industry in Los Angeles lost 38,000 jobs in motion picture and sound recording sectors from January 2023 to January 2024 . The state's underperformance can also be traced to the ...
#newstr #California #Unemployment #JobGrowth #StateBudget
Naira Gains Ground Against Dollar as New Official Exchange Rate Emerges
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#f4e83713 ver:0.96
The Nigerian currency, the Naira, has experienced a significant gain against the US dollar in the foreign exchange (FX) market. On Thursday, March 21, 2024, the Naira traded at N1,453.82 per dollar, marking an increase of about N82. This represents a 10% gain by the Naira, as foreign exchange supply rose to $288.47 .
The Central Bank of Nigeria (CBN) has successfully cleared all valid Forex backlogs, amounting to approximately $7 billion. This achievement has contributed to the Naira's newfound strength and stability. As a result, the Naira has set a new exchange rate against the dollar, trading at N1,453 per dollar. The margin between the official and black market rates has widened to about N97.65 per dollar .
In addition to the positive developments in the FX market, Nigeria's external...
#newstr #Naira #Usd #ForeignExchange #FxMarket #BlackMarket #ExchangeRate
Quiet Week Ahead in the Markets: Focus on US Core PCE Data and Other Key Indicators
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#e579db8a ver:0.3
Global stock markets have continued their rally, with the US and Australian indices marking a fourth consecutive month of gains. The S&P500 and ASX200 have both shown upward momentum. Despite challenges such as high inflation figures and scaling back of hopes for bold rate cuts, investor sentiment remains positive. The US economy saw core PCE inflation rise by 0.4% MoM for 2.8% YoY in January. In Germany, the inflation rate in February eased to 2.5% YoY, while Japan's inflation rate dropped to 2.2% YoY in January. Australia's Monthly CPI indicator for January rose by 3.4% YoY. The second estimate of US Q4 GDP was 3.2%, and the Canadian economy expanded by 0.2% in Q4. Crude oil and gold have also seen gains. Upcoming events to watch include GDP numbers for Q4 in Australia, the ECB interest ...
#newstr #Markets #UsCorePceData #UsDurableGoodsOrders #UsConsumerConfidence #UsGrowthGdp #AussieCpi #G10Fx #Eur/usd #Gold #Litecoin #Gbp/usd
Republicans Unveil 'Fiscal Sanity to Save America' Budget Proposal
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#271c2cbc ver:0.14
Lawmakers in the US are grappling with the issue of a widening budget deficit following the massive spending on pandemic relief, which amounted to $5 trillion. The country is now considering the need for spending restraint, particularly due to the rising expenses of Social Security and Medicare. However, there are concerns about whether the US economy is strong enough to handle austerity measures.
Former Treasury Secretary Larry Summers has warned that the current federal budget deficit poses a significant challenge to the economy, surpassing previous attempts to reduce the deficit through tax increases and spending cuts. Summers suggests that strengthening IRS enforcement could help raise more tax revenue, as seen in the Inflation Reduction Act. However, a House Republican proposal to cu...
#newstr #Republican #BudgetProposal #FiscalSanityToSaveAmerica