UK Treasury bars ministers from using emergency reserve to fund public-sector pay rises

The sportswear giant was among the top performers in the US stock market yesterday after Jefferies analysts raised their outlook:→ Upgraded NKE stock from “Hold” to “Buy”→ Increased the price target from $75 to $115 Amid fierce competition, NKE shares had been in a downtrend throughout 2023-2024, but a leadership change (which we covered in…

Today’s U.K. inflation report came in softer than expected, with headline CPI dropping to 2.6% versus the 2.7% forecast, potentially setting up GBP/JPY for a continued downside move in the short-term. With core inflation easing to 3.4% from 3.5% previously, and services inflation notably falling to 4.7% from 5.0%, the odds of a BOE…

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Deutsche Bank said Thursday that it has partnered with HashKey Exchange, Hong Kong’s largest licensed virtual asset exchange, to launch a new fiat deposit channel. As part of the collaboration, Deutsche Bank will now provide fiat currency deposit services, allowing HashKey Exchange clients to deposit Hong Kong dollars and US dollars into virtual accounts managed…

As indicated by the AUD/USD chart, the Australian dollar has fallen below the 0.6680 level today, with the decline from Wednesday’s high (A) exceeding 1.1%. Key bearish drivers include: → Declining inflation expectations. Data released on Wednesday showed a sharp slowdown in Australian inflation to 3.4%. This has removed the likelihood of a February rate…