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USD drops 2% in August as JPY, EUR, and GBP gain steam
The weaker USD positioned the EUR and GBP as the top-performing major currencies year-to-date
Wake me up when September ends…
Bonds have fallen in eight of the last ten Septembers, and gold has dropped every September since 2017
From rate-watchers to recession hawks, it’s all eyes on Friday’s US jobs report
Payroll figures will feature heavily in the Fed’s decision this month on whether to start cutting interest rates — and…
Egypt’s address to the UN Security Council on the GERD dominated airwaves Sunday
Plus, a new plan from the Finance Ministry to crack down on car importers who’ve illegally skirted customs duties
Companies look to next year for IPO plans amid market uncertainty
IPOs in the US have raked in USD 30 bn less than their annual average over the past decade in…
Nvidia shares slide despite highly anticipated 2Q earnings beating forecasts
Nvidia shares had fallen about 8% in extended trading at the time of writing, representing a roughly USD 200 bn…
Retailer Temu’s parent company sees stocks crash in latest warning over struggling Chinese economy
The company’s market value dropped by some USD 55 bn in one day following the release of its 2Q results
Election uncertainty make investment managers wary of pouring funds into infrastructure projects
Some asset managers expect a pick up in investment activity following election results in November
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