2 , the catalyst was moodys downgrading the Credit Rating on several small and medium sized us banks, Including Mmt and pinnacle financial. The red flags raised the Ratings Agency included a potential recession, as well as problem side to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market close, ebbo s small arrival is focusing higher revenue in the Third Quarter based in part by a Postman Damik rebound in ray jones. Meanwhile, an electric vehicle maker posted a narrower loss than expected and raised its Production Guidance for the full year. Elsewhere on wall street this morning, nine companies, including ban
Shares in Goldman Sachs fell 2 . The catalyst was moodys, downgrading the Credit Rating on several small and medium sized us banks, including mnt bank and pinnacle financial. The red flags raised by the Ratings Agency included a potential recession, as well as problems tied to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time, americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market closed. Uber s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in ridesharing. Meanwhile, Electric Vehicle maker rivium posted a narrower lost than expeted and raised its Production Guidance for the full year. Meanwhile, Nin
In the 90s and early 00s. Now this comes hot on the heels of disappointing china trade data on tuesday showing exports sank at their fastest rate since the pandemic. Global demand for chinese made goods is falling, down more 14 in the year tojuly. But domestic demand is down too with imports also falling by more than 12 in the same period. Earlier, i spoke to janet mui, whos the head of Market Analysis at rbc brewin dolphin, and she explained where the deflation was coming from. Deflation data, basically mostly coming from food prices and also commodities prices like raw materials, energy, etc. Actually, if you look at the underlying inflation, things like services, things like tourism, leisure, hotels, actually they are up. The Core Inflation is up from 0. 4 to 0. 8 , but obviously its still pretty muted. So overall, i think it is a concern that china prices are contracting and it could be lasting for a while as well. How likely do you think it is, though, that china is going to be
countries, including asian countries, including asian countries, have been raising their wages so rapidly. this is detrimentalforjapan to detrimental for japan to attract talent detrimental forjapan to attract talent from overseas, so if this serves as a wake up call i think there will be sustained momentum increase wages. sustained momentum increase wa . es. ., sustained momentum increase wanes. ., ., ., . , wages. now to india, which is also seeing wages. now to india, which is also seeing food wages. now to india, which is also seeing food inflation - wages. now to india, which is also seeing food inflation rise| also seeing food inflation rise sharply, especially for tomatoes. that will continue to put pressure on the country s central bank, which is making its rates decision later this week. almost a month on, this humble tomato, which is really a vital ingredient in the base of most indian curries, is out of most indian curries, is out of reach of most people here. it used to
because of high tomato prices, this is forcing them off the menu of many international chains such as mcdonald s and subway. it is putting pressure on the bank, it is making its latest interest rate decision later on this week. almost a month on, this humble tomato, which is really a vital ingredient in the base of most indian curries is out of reach of most people here. i used to cost roughly about 30 cents a0 cents but now retails at $2 a kilo in markets like these and there is a lot of anguish as a result of that. translation: i lot of anguish as a result of that. translation: lot of anguish as a result of that. translation: i have been selling venetables translation: i have been selling vegetables for translation: i have been selling vegetables for 20 translation: i have been selling vegetables for 20 years translation: i have been selling vegetables for 20 years but - translation: i have been selling vegetables for 20 years but never| vegetables for 20 years but never see