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Eurostat announced that on a seasonally adjusted basis, the Eurozone's 2Q Gross Domestic Product (GDP) final value confirmed a YoY growth of 0.6%, in line with market expectations, compared to a 0.5% increase in 1Q.On a quarterly basis, the 2Q seasonally adjusted GDP final value was revised down, indicating a 0.2% QoQ growth...
Former Bank of Japan (BOJ) official Tsutomu Watanabe said that BOJ might hike rates faster than expected. The appreciation of the yen extended to 0.75% during the Asian session, sinking USD/JPY to 142.35. The Nikkei opened 157 points higher but trended lower afterwards on 6 September. It ended the day at 36,391, down 265 points ...
The Australian Bureau of Statistics announced that, after seasonal adjustment, Australia's July goods exports rose by 0.7% MoM to AUD43.803 billion, while goods imports fell by 0.8% MoM to AUD37.794 billion.Australia's July trade surplus expanded to AUD6.009 billion, exceeding expectations. The market had originally expe...
US Vice President Kamala Harris on Wednesday proposed to impose a 28% tax on long-term capital gains for households earning US$1 million or more a year, lower than the 39.6% rate proposed by President Joe Biden in his FY2025 budget.In addition, Harris also announced a new proposal to provide a US$50,000 tax break for small busin...
Democratic presidential candidate Kamala Harris is proposing a more modest increase to the capital-gains tax rate than that unveiled in President Joe Biden's budget this year, marking one of the biggest policy departures between the vice president and the outgoing president, US media reported.Harris would propose a capital-g...
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