Daily Management Review
Economics

US SEC Authorises Bitcoin ETFs, A Historic Moment For The Crypto Sector

The US Securities and Exchange Commission allowed the first U.S.-listed exchange traded funds (ETFs) to track bitcoin on Wednesday, marking a watershed moment for the world's largest cryptocurrency and the crypto sector as a whole.   The Securities and Exchange Commission said it granted 11...

FT: Investors are warning governments about high state debt levels

Investors are alerting governments throughout the world to the high levels of public debt, pointing out that pre-election disclosures of large borrowing risk could cause the bond market to respond negatively, writes the Financial Times. Government bond issuance in the US and the UK is forecasted to...

World Markets Could Be Influenced By An Election-Packed 2024

This year's elections will take place in countries that account for more than 60% of global economic production and more than half of the population.   Markets fear a "ballot box bombshell," according to financial services firm Morningstar, adding that "previous experience with this type of...

China's Policy Quandary: Is Expanding Credit Deflationary?

China's central bank confronts a significant challenge in combating the prospect of deflation: more credit is moving to productive forces rather than consumption, exposing fundamental faults in the economy and decreasing the effectiveness of its monetary policy tools.   The People's Bank of...

UN FAO: World food prices fall by almost 14% in 2023

In 2023, global food prices decreased by 13.7%, shows a review by the FAO (Food and Agriculture Organization of the United Nations). Although there was a 16.6% increase in the cereal price index in December compared to November, the statistics were still behind those of the previous year. The price...

Big Tech Rejects US Consumer Watchdog's Proposals To Monitor Digital Wallets

A US watchdog's plan to oversee businesses such as Apple and Alphabet's Google, which provide digital wallets and payment apps, risks impeding innovation and pushing some players out of the market, their advocacy organisation said on Monday.   The warnings from the Computer &...

Goldman Sachs Analyst Believes The World Is Entering A New Super Cycle

According to Peter Oppenheimer, head of macro research in Europe at Goldman Sachs, the world economy is entering a new "super cycle," driven by artificial intelligence and decarbonisation.   “We are moving clearly into a different super cycle,” he told CNBC on Monday.   Super cycles...

Strong Job Growth In The US Muffles Discussion Of Rate Reduction

US hiring was surprisingly robust last month, despite predictions that the economy would slow down. The Labour Department said that employers added 216,000 new jobs while the unemployment rate remained at 3.7%.   The gains, which continued one of the best job growth streaks ever recorded,...

Reuters: Global economy will be close to recession in 2024

The global economy will be on the verge of a recession in 2024 and overall GDP growth may only reach 2.6%, writes Reuters. Recession is defined by the International Monetary Fund as a worldwide GDP decline of less than 2.5 percent, according to reports.  The World Bank had anticipated that...

December's Decline In Euro Zone Economic Activity Suggests A Recession

A survey released on Thursday revealed that the euro zone's economy was in recession as the contraction in business activity persisted at the end of 2023, primarily due to a sustained downturn in the bloc's leading services industry.   After a preliminary estimate of 47.0, HCOB's Composite...
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