ShreeMetalPrices: Goldman Sachs has revoked the Federal Reserve’s rate hike this month after failure of Silicon Valley Bank
Goldman Sachs analysts said on Sunday. That they no longer consider the United States Federal Reserve (Fed) to give a rate rise at its meeting on Mar-22 due to the current strain in the banking sector. In the past, Goldman anticipated a 25-basis-point increase in March. The failing Silicon Valley Bank’s, clients will be able […]
ShreeMetalPrices: Saudi Arabia’s economy grows by 8.7% in 2022; Highest growth rate in last 10 years
Saudi Arabia’s GDP rose by 8.7% in 2022. The highest growth rate among G20 nations. According to a study released by the General Administration for Statistics. The study was cited by the Xinhua news agency as adding that the increase above the maximum 8.3% international estimate & was the greatest yearly rate in the kingdom […]
ShreeMetalPrices: BOJ Governor Kuroda Sticks With Easing policy rates & maintains yield curve control
The Bank of Japan (BOJ) kept interest rates at historic lows on Friday. And said that it would maintain its present pace of yield curve management as it navigates a leadership transition. And contends with a severe recession in the Japanese economy. Both the short & long policy interest rates were maintaine by the central […]
ShreeMetalPrices: UK Might Avoid Recession This Year, Economy Still Poised to Slow Recovery: BCC
The British Chambers of Commerce (BCC) said on Wednesday that the nation’s economy is on pace to contract less than anticipated this year. And avoid the two consecutive quarters of negative growth that signify a technical recession. – uk The more optimistic perspective coincided with recent improvements in consumer confidence statistics and purchasing managers’ index […]
ShreeMetalPrices: China’s commodity imports justifies mixed picture of future hope & slow reviving
China’s imports of major commodities demonstrated both the possibility of an increase in 2023. And the fact that economic momentum needs time to develop. For the first 2 months of 2023, official customs statistics from the largest commodity importer in the world revealed a mixed picture, with strength in coal & iron ore being offset […]
ShreeMetalPrices: Commodities Market Outlook – May Rise Next Week Prospects on China’s Economy Recover
Markets were more volatile In the week ending March 3. As a fresh batch of positive United states economic statistics impacted on risk appetites. And investors grew more optimistic about stimulus announcements at China’s National People’s Congress (CNPC). After 4 weeks of gains, the Dollar index ended the week with a small dip. It had […]