Japan faces economic setback as exports weaken
GDP slips in the third quarter Japan’s economy shrank at an annualized pace of 2.3 percent between July and September, reflecting a 0.6 percent decline from the previous quarter. Revised figures from
China sets record with trillion dollar trade surplus
Export momentum shifts away from the United States China has pushed its annual trade surplus over the one trillion dollar mark for the first time, driven by strong exports to Europe, Australia
Australia’s GDP delivers fastest growth in nearly two years
Strong domestic demand lifts expansion despite slight forecast miss Australia’s economy grew 2.1 percent year over year in the third quarter, data from the Australian Bureau of Statistics showed Wednesday. Although slightly
UK Mortgage Holders Face Rate Hikes as Bank of England Warns of Global Risks
The Bank of England’s latest financial stability report warns that around half of UK mortgage holders—4.4 million homes—are set to refinance at higher rates over the next three years. However, the report
Inflation Edges Higher in October as Fed Weighs Interest Rate Reductions
Inflation ticked upward in October, according to the Commerce Department, offering a nuanced picture as the Federal Reserve evaluates its next moves on interest rate reductions. The personal consumption expenditures (PCE) price
South Korea Makes Surprise Interest Rate Cut Amid Growth Concerns
South Korea’s central bank, the Bank of Korea (BOK), surprised markets on Thursday by cutting its benchmark interest rate by 25 basis points to 3.00%. This marks the second consecutive rate cut,
China’s Industrial Profits Decline Again, Highlighting Persistent Economic Struggles
China’s industrial sector faced another challenging month in October, with profits falling 10% year-on-year, marking the third consecutive month of declines. The steep drop underscores the limited impact of Beijing’s recent stimulus
U.S. Economy Grows 2.8% in Q3, Driven by Consumer Spending and Exports
The U.S. economy expanded at an annualized 2.8% pace in the third quarter of 2024, supported by robust consumer spending and rising exports, according to revised data from the Commerce Department. Although
November CPI Report: Inflation’s Path and the Fed’s Next Moves
The Consumer Price Index (CPI) report for November, set for release on December 11, will provide crucial insights into the Federal Reserve’s progress toward its 2% inflation target. While inflation has eased
German Ifo Index Declines Again, Stoking Winter Recession Fears
Germany’s leading economic indicator, the Ifo Business Climate Index, has taken another sharp dip, raising concerns of an impending winter recession. After showing a brief rebound in October, the index fell to
China’s Economy Demonstrates Resilience Amid Trade Tensions
China remains steadfast in its ability to withstand external economic shocks and maintain robust economic growth, according to Vice Commerce Minister Wang Shouwen. Speaking at a press conference on Friday, Wang emphasized
European Stocks Rise as Investors Digest Mixed Economic Data
European stocks climbed on Friday, buoyed by gains in most sectors despite a mixed bag of regional economic data. While healthcare and retail sectors led the charge, banking stocks lagged, and currency
Weekly Jobless Claims Hit Seven-Month Low Amid Noisy Data Trends
Weekly jobless claims in the U.S. reached a seven-month low last week, as the effects of labor strikes and severe weather have introduced noise into the data over recent months. According to