February Jobs Report Shows Modest Gains
The February jobs report released on Friday showed slightly higher job gains and a rise in the unemployment rate to 4.1%, adding to investor concerns about the U.S. labor market and broader
Tariff Whiplash Hits Wall Street After Historic Rally
Just one day after a historic surge lifted investor spirits, Wall Street is once again reeling. Despite President Trump’s temporary rollback of certain “reciprocal” tariffs, the damage from previous trade policies is
German Investor Confidence Plummets Amid U.S. Tariffs
Biggest Drop in German Investor Morale Since 2022 Germany’s investor morale took a significant hit in April, marking its steepest decline since the Russian invasion of Ukraine in 2022. The ZEW economic
France’s Economy Contracts as Political Uncertainty Persists
France’s economy shrank 0.1% in the fourth quarter, according to preliminary data from INSEE on Thursday. The contraction follows 0.4% growth in the third quarter of 2024 and underscores the challenges facing
U.S. Jobless Claims Rise Slightly, Fed Rate Cuts Unlikely
What Happened The number of Americans filing new unemployment claims increased slightly last week, indicating continued strength in the labor market and reducing the likelihood of a Federal Reserve interest rate cut
U.S. Jobless Claims Rise Slightly as Trade Deficit Narrows
The number of Americans filing new unemployment claims rose slightly last week, signaling easing labor market conditions. Meanwhile, the U.S. trade deficit narrowed sharply in October as imports saw their largest drop
Eurozone Wages Surge to Highest Growth Since 1990s, Complicating ECB’s Rate Strategy
Wages in the Eurozone surged 5.4% year-on-year in the three months to September, marking the fastest growth since 1993, according to data from the European Central Bank (ECB). This significant rise in
Canada’s October Inflation Rises to 2% Amid Base-Year Effects, Economists Debate BoC’s Next Move
Canada’s inflation rate rose to 2% in October, up from 1.6% in September, driven by base-year effects on gasoline prices, Statistics Canada reported on Tuesday. This increase has stirred mixed reactions among
Asia Manufacturing Stagnates Despite China’s October Rebound
In October, manufacturing activity across Asia remained largely stagnant, with only a mild boost from China’s recent economic measures. Despite Beijing’s efforts to revitalize its economy, other regional factories in countries like
Big Banks Brace for Rate Cuts as Q3 Earnings Season Begins
As the third-quarter earnings season kicks off, all eyes are on the largest U.S. banks, including JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup. Investors are eager for insights into how
U.S. Inflation Slows in September, But Risks Remain for the Fed
In September, U.S. inflation hit a three-and-a-half-year low, with the Consumer Price Index (CPI) rising 2.4% over the past 12 months, down from 2.5% in August, according to the Bureau of Labor
