Money Talks

Shares in the Asia-Pacific are falling today as investors digest US economic data but also China's industrial production and retail sales figures for August, which beat expectations. This indicates that a recovery in certain facets of the economy remains steady despite headwinds from new COVID-related curbs.

For more, we spoke to Russ Mould, investment director at AJ Bell in London.

#China #ChineseEconomy #StockMarket

Oil prices edged higher on Thursday as the market balanced weak demand with supply disruption amid a looming rail stoppage in the United States, the world's biggest crude consumer. Biden administration-led talks between freight-rail companies and unions to avert a US rail system shutdown extended into early Thursday morning with no word on whether progress has been made.

For more, we spoke to AJ Bell’s financial analyst, Danni Hewson in the UK.

#UnitedStates #RailStrike #OilPrices

It was one of the worst days for stock markets since early in the pandemic, with investors losing more than a trillion dollars in wealth in a single trading session. All major US indices fell overnight and the pessimism is spreading to other financial centers.

We spoke to Naeem Aslam, who is the chief market analyst at AvaTrade in London.

#UnitedStates #Inflation #StockMarket

The dollar has hit the lowest level in one month, with stock markets rising significantly ahead of the US inflation report that will be out today. Inflation is still very high, but it is expected to have moderated in August.

For more on inflation reading, we spoke to Equiti Capital’s market analyst, David Madden in London.

#UnitedStates #Inflation #Dollar

Oil prices fell on Monday with the global fuel demand outlook overshadowed by COVID-19 restrictions in China, and the potential for further interest rate hikes in the United States and Europe.

For more on oil market, we spoke to Exinity Group’s chief market analyst, Han Tan in Abu Dhabi.

#OilPrices #ChinaLockdowns #InterestRates

Before the news of Queen Elizabeth the Second's death, soaring energy and consumer prices dominated public discussion in the UK. Consumers have seen their purchasing power deteriorate at a record pace. Inflation there is running at its highest in 40 years, due mainly to the war in Ukraine, and the resulting spike in energy costs. Britain's new leader, Prime Minister Liz Truss, has made easing the burden on consumers her top priority. Paolo Montecillo has more.

We spoke to economist Vicky Pryce from London and Taha Arvas from Istanbul for the details.

#UnitedKingdom #LizTruss #UKEconomy

If you’ve ever been stuck in a traffic jam and wished you could just fly over the gridlock, the XP4 could be the answer. Developed by British mobility firm Airvolution, it’s a flying car capable of carrying up to four passengers. And the company says it's ready for takeoff, accepting bookings from the first batch of buyers.

#FlyingCars #Airvolution #SamsonSky

Fishing season has kicked off in Türkiye as the official annual ban comes to an end. Fishermen are beginning to cast their nets into the three seas around the Anatolian peninsula, with hopes of higher yields. Kubra Akkoc reports.

#Türkiye #FishingSeason #BlackSea

In Europe, where authorities are struggling to control surging prices of food and fuel. Natural gas flows from the region's main supplier, Russia, have been all but cut-off. That's driven prices of the fossil fuel up to ten times higher. The European Commission says one way they can reduce energy costs, is by capping the price that EU member countries can pay for Russian natural gas. The price caps under discussion are part of a broader plan to rein in runaway energy prices. Brussels wants to limit domestic energy prices to $200 per megawatt hours.

For the details, we spoke to economist Julien Mathonniere from Ravel in France.

#EuropeanUnion #Inflation #Energy Prices

Central bankers in the world's major economies are determined to bring inflation under control, even if it means sacrificing some short-term economic growth. That was made clear this week by Jerome Powell, head of the US Federal Reserve. His comments follow the move by the European Central Bank in Frankfurt to raise its benchmark rate by 75 basis points. That's the biggest hike in borrowing costs in eurozone history, with inflation in the 19-member bloc running at a record high.

David Madden is a market analyst at Equiti Capital in London. He talked about possible consequences of higher interest rates.

#FederalReserve #JeromePowell #InterestRates