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This week, the OBR warned that without policy change, the UK could be set for a steep rise in public sector debt. And this is after one of the fastest rises in public debt amongst developed economies. A rise in debt to 200% of GDP would not be unprecedented, global wars have caused previous spikes,…
Lufthansa to resume flights to Riyadh and Amman from September
Space Exploration Technologies (SPCX -1.25%) has been volatile since it pulled off the largest IPO in history last month. The stock reached a high of about $225 — well above its IPO price of $135 — but has now declined slightly below $112, as of writing. Has the space company bottomed out? Hardly. SpaceX will…
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD is trading just above 1.29 after a quiet session, with momentum only tentatively firmer. They expect intraday consolidation between 1.2900 and 1.2930, while the broader 1–3 week view still flags a risk of a break below 1.2860, though odds are low as…
The Pound Sterling steadies during the North American session, as the week begins in a risk-off mood, as evidenced by overall US Dollar strength in the FX markets, even though soft jobs data and trimmed hawkish Fed bets for the rest of the year. At the time of writing, the GBP/USD trades at 1.3357 after…
The upcoming week will bring a major test for the US Dollar (USD), with investors focusing on the United States Consumer Price Index (CPI), Federal Reserve (Fed) Chair Kevin Warsh’s congressional testimony and a broad set of activity indicators. China’s second-quarter Gross Domestic Product (GDP) and the Bank of Canada’s (BoC) interest-rate decision will also…