PRIVATE BLOG – Gold June Low – Beware of July Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/ The post PRIVATE BLOG – Gold June Low – Beware of July first appeared on Armstrong Economics.
ASIA: Inflation in China stayed at low levels in May, as the economy struggles to recover even after its strict Covid lockdown measures lifted late last year. Producer price index in May fell 4.6%, marking the steepest year-on-year drop in seven years, when producer prices saw a year-on-year drop of 7.2% in May 2016. […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 272.47 points or -0.85% to 31,641.27 Shanghai increased 15.83 points or 0.49% to 3,213.59 Hang Seng increased 47.18 points or 0.25% to 19,299.18 ASX 200 decreased 18.30 points or -0.26% to 7,099.70 Kospi decreased 4.75 points or -0.18% to 2,610.85 […]
ASIA: Singapore’s retail sales exceeded expectations, increasing by 3.6% year-on-year (YoY) and surpassing the projected contraction of 1.9% YoY. On a monthly basis, retail sales rose by 4.2%, with a similar increase seen when excluding motor vehicle sales. Despite elevated inflation, retail sales have remained strong, potentially due to the return of visitors to Singapore. […]
QUESTION: Mr. Armstrong, first I want to thank you for your independent analysis. In gold, all they ever say is buy – buy – buy. It seems if you ever say anything else, they ridicule you. Gold to them is a religion, not an investment. My question is that you have always said that the […]
ASIA: According to the World Bank, India’s economic growth is expected to slow down further to 6.3% in the financial year FY 2023/24. This is a downward revision of 0.3 percentage points from the previous estimate of 6.6%. The main reason for the slowdown is attributed to constrained private consumption caused by high inflation. […]
ASIA: According to Macquarie’s Chief China Economist Larry Hu, China’s economic recovery from the pandemic is expected to expand, indicating that the country is not currently facing the same stagnation issues as Japan. However, recent economic data has disappointed investors who were hoping for a strong rebound in the world’s second-largest economy after the lifting […]
ASIA: The major Asian stock markets had a green day today: NIKKEI 225 increased 376.21 points or 1.21% to 31,524.22 Shanghai increased 25.43 points or 0.79% to 3,230.07 Hang Seng increased 733.03 points or 4.02% to 18,949.94 ASX 200 increased 34.30 points or 0.48% to 7,145.10 Kospi increased 32.19 points or 1.25% to 2,601.36 […]
ASIA: China’s factory activity contracted at a faster rate than expected in May, signaling weakening demand and adding pressure on policymakers to support the country’s uneven economic recovery. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, below the 50-point threshold that indicates expansion, and lower than the forecasted […]
ASIA: India’s economic growth in the March quarter reached 6.1%, according to government data. This growth was driven by increased government and private capital spending, although private consumption remained sluggish. India continues to be one of the fastest growing emerging economies, particularly as China’s recovery falters. Despite the risks posed by a global slowdown, the […]
