The Ukrainian government has asked parliament to partially restore excise tax on petrol and diesel fuel to boost the state budget, depleted by months of war with Russia, Infrastructure Minister Oleksandr Kubrakov said on Monday.
The news cycle is full of information that leaves consumers feeling not so optimistic about the future. The Consumer Recession Concerns Survey gathers insight from 600 consumers throughout the United States on how they plan to change their spending habits.
Overseas investors were net buyers of bonds from emerging Asian markets, excluding China, in July on hopes the United States might slow the pace of interest rate hikes as its economy feels the heat, while concerns over higher inflation levels subsided.
The safe-haven U.S. dollar rose on Monday after a new batch of disappointing Chinese data bolstered global recession worries, while the yuan weakened following a surprise key rate cut by the People's Bank of China.
Sight deposits held by the Swiss National Bank increased by 1.7 billion Swiss francs last week, data showed on Monday, indicating the central bank could be intervening in the market to slow the franc's surge in value. Total sight deposits held by the SNB increased to 751.28 billion francs from 749.61 billion francs a week earlier, according to bank data.
Ukraine's grain exports are down 46% year on year at 2.65 million tonnes so far in the 2022/23 season, the agriculture ministry said on Monday. Grain exports for the 2021/22 season ending June 30 rose 8.5% to 48.5 million tonnes, driven by strong shipments before Russia invaded Ukraine on Feb. 24.
About 2.3 million people in the Philippines were pushed into poverty between 2018 and 2021, largely due to the economic downturn caused by the pandemic, the statistics agency said on Monday.
Hedge funds slashed their long dollar positions and bet harder on a flatter yield curve, two macro trades that have come up trumps. The dollar last week fell to its lowest level on a broad basis since June, while the yield curve inversion reached levels not seen in over 20 years.
* Property investment in July drops 12.3% y/y. * New construction starts fall at fastest pace in almost a decade. Chinese developers in "survival mode" sharply cut property investment in July while new construction starts suffered their biggest fall in nearly a decade, suggesting the liquidity-challenged sector is not about to turn the corner anytime soon.
The safe-haven U.S. dollar bounced on Monday while commodity-sensitive currencies including the Australian dollar tumbled after a new batch of disappointing Chinese data bolstered global recession worries.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required