Weekly News for Week 08


19 February - 23 February


High-earning British bankers, lawyers and consultants are now some of the workers most vulnerable to trade shocks, according to the Resolution Foundation.

Oil slipped from the highest level in three weeks as lingering concerns over the demand outlook offset ongoing Middle East tensions.

Just months after setting a 2024 target for the S&P 500 Index, Goldman Sachs Group Inc. strategists have boosted their forecast for a second time as the stock market eclipsed the significant 5,000 milestone this month.

SoftBank Group Corp.’s stock rose as founder Masayoshi Son considers the creation of a $100 billion chip venture that would supply AI-enabling semiconductors.


The UK government plans to get new rules governing stablecoins and staking services for cryptoassets approved by lawmakers within the next six months as pressure ratchets up to deliver on specific proposals ahead of an impending general election.

The United Arab Emirates is poised to exit a global watchdog’s “gray list” as soon as this week, following a push to clamp down on illicit financial flows in and out of the oil-rich Gulf state.

Oil held gains near the highest level in over three months after another Houthi strike on a commercial ship in the Red Sea, with tensions in the key region for crude production and trade continuing to simmer.

Thailand’s Prime Minister Srettha Thavisin asked the central bank to urgently hold an unscheduled meeting of its Monetary Policy Committee to cut interest rate, saying the latest data indicated that the nation’s economy was in a crisis.


Bank of England Governor Andrew Bailey said inflation does not need to fall to its 2% target before policymakers back an interest-rate cut and signaled that investors are right to expect a policy pivot this year.

The Group of 20 nations is so split on the conflicts in Gaza and Ukraine that they may be forced to reduce the forum’s scope and avoid geopolitical issues altogether this year, according to people familiar with the matter.

Oil steadied as investors juggled signs of tighter supplies with elevated tensions in the Middle East and a still-shaky demand outlook.

Nvidia Corp. investors may have almost $200 billion in market value riding on this week’s earnings report, according to options positioning.


Oil held a gain as signs of a tightening crude market countered concerns about weak demand, keeping prices in a narrow range.

Nvidia Corp. surged in late trading after delivering another eye-popping sales forecast, adding fresh momentum to a stock rally that already made it the world’s most valuable chipmaker.

China’s equity futures market has restored some sense of normalcy after a period of extreme discounts, a sign that relentless bearishness may be fading as policymakers step in to calm investor nerves.

Bond traders are bracing for the risk of a renewed selloff, driving a surge of trading in options targeting higher yields and prompting investors to unwind long Treasury positions by the most in nearly two years.


US manufacturing activity expanded at the fastest pace since September 2022, powered by stronger orders growth and suggesting producers are breaking out of an extended slump.

Saudi Arabia’s sovereign wealth fund is set to increase its annual deployment of capital to $70 billion a year after 2025.

Oil dipped in early Asian trading as traders weighed signs of a tightening market against persistent concerns around demand.

China’s quantitative hedge funds are admitting to unprecedented failures by their stock-trading models during one of the wildest two-week stretches in the market’s history.







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