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Japan GDP Gains 0.7% In Q2

Japans gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the second quarter of 2024, the Cabinet Office said on Monday. That was shy of expectations for an increase of 0.8 percent, which would have been unchanged from the previous three months. On an annualized basis, GDP rose 2.9 percent - again...

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Asian Shares Retreat On Growth Worries

Asian stocks declined on Monday due to lingering worries about U.S. and Chinese growth. Responding to Fridays weak jobs data, U.S. Treasury Secretary Janet Yellen said that the U.S. economy remains strong and that recent months of cooler jobs data is a signal of a soft landing, not a recession. The dollar fluctuated ahead of...

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