Japan 's economy has slipped into reverse due to a weak yen and inflation. Bond traders are now making aggressive bets on 2024 Fed cuts after the CPI . Bonds have surged on the CPI surprise, while Asian stocks are expected to jump. The earnings of Tencent and Alibaba are crucial to the $44 billion China tech run. Gold and copper prices have risen as the cool US CPI eases bets on more Fed hikes. Treasury yields have slid as the soft CPI boosts the view that the Fed is done hiking rates.
Cathie Wood predicts that the US inflation rate will turn negative in 2024. Nvidia has added $200 billion as its winning streak is set to match a record. Canada will carefully review the Glencore deal for Teck Coal Mines. Ottawa has extended the deadline for the underused housing tax. Surveys show that women are less likely than men to request a raise or negotiate salary. Many Canadians are uncomfortably close to being broke, according to MNP. Edward Jones states that many Canadians are stuck in a chaotic whirlwind of personal finance stress. Canadian tech workers make 46% less than their US counterparts
Source: News Formal (newsformal.com)
Japan Economy Reverse Weak Yen Inflation Bond Traders Aggressive Bets 2024 Fed Cuts CPI Bonds Asian Stocks Tencent Alibaba Earnings China Tech Run Gold Copper US CPI Fed Hikes Treasury Yields Cathie Wood Negative Inflation Rate Nvidia Glencore Deal Teck Coal Mines Underused Housing Tax Women Salary Negotiation Canadians Personal Finance Stress Tech Workers US Counterparts
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