Global Finance

The U.S. non-farm employment data for April fell short of expectations, with an increase in unemployment and a slowdown in wage growth, reigniting market expectations for a Federal Reserve rate cut this year. This week, all three major stock indices recorded gains for the second consecutive week; U.S. bond yields plunged over 10 basis points, with two-year yields dropping more than 20 basis points in three days, marking the largest drop since January; the U.S. dollar index reached a three-week low since the March CPI announcement, while USD/JPY rebounded over 1% during the session to regain 152.

Israel retaliates against Hamas causing 16 deaths; US exchange Coinbase faces lawsuit over defrauding investors. Gold spikes to $2315, and Bitcoin encounters strong resistance at $64,000.

Gold and Bitcoin weakened, with significant volatility in USD/JPY, all pointing to actions by the Federal Reserve as the root cause.

The US has confirmed that Israeli aircraft are trapped in Iranian territory, and explosions have been heard in cities housing two key Iranian nuclear facilities. Gold briefly surpassed $2417, while Bitcoin experienced a dramatic fall.

Explore the Mattei Plan, Italian Prime Minister Giorgia Meloni's visionary initiative aimed at strengthening Italy-Africa ties through economic investment, energy collaboration, and a comprehensive approach to tackling immigration challenges, amidst a backdrop of international scrutiny and the call for tangible action.

Global economic uncertainty in 2024, marked by recessions and structural issues, affects major economies. Eurozone faces decline; emerging markets like Gulf States and Mexico may thrive amid challenges. Currency movements, elections, and China's stimulus impact global economic dynamics, offering opportunities for select countries.

Global AML scrutiny shifts to fintech, crypto sectors with $5.8B in fines last year, surpassing traditional finance penalties. Regulatory oversight intensifies, posing challenges for newer market entrants. Future demands balance between innovation and compliance.

World Bank projects sluggish global growth at 2.4% in 2024, warning of missed opportunities and urging transformative policies amid rising borrowing costs and geopolitical tensions.

U.S. Treasury Secretary Janet Yellen's optimistic outlook underscores the American economy's resilience and adaptability amidst global economic challenges.

Latin America anticipates the pinnacle event in finance, trading, and investments: Wealth Expo 2024, orchestrated by Upcon, a pioneering firm in educational blockchain, cryptocurrency, and trading events. This forum aims to gather regional experts and enthusiasts to delve into the latest financial trends across three stages in Peru (July), Mexico (August), and Colombia (November).