Financial News

Markets are calm after the release of FOMC Minutes.

The report showed that consumers were substantially more optimistic about future job availability.

Composite-20 HPI rises 4.6% y/y in September, slowing from 5.2% in August. Monthly declines highlight affordability challenges and market pressures.

The future production index increased to a three-year high.

Year-ahead inflation expectations decreased from 2.7% in October to 2.6% in November.

The economic growth remains heavily reliant on the services sector.

UK PMI falls below 50, signaling economic contraction. Rising costs, job cuts, and weak demand weigh on growth, with confidence at its lowest since 2022.

Eurozone PMI drops to 48.1 in November, with services and manufacturing both contracting. Falling demand and weak confidence signal tougher times ahead.

Services in Germany face contraction for the first time since February as PMI drops to 49.4. Traders eye shrinking demand and rising uncertainty.

Weak UK retail sales in October spark questions on demand-driven inflation trends.

Gary Gensler will leave US SEC Chair office on Jan 20, 2025, marking the end of a tenure defined by intense scrutiny of cryptocurrency markets.

Natural gas prices test multi-week highs as traders react to the EIA report.

Weekly unemployment claims drop, reflecting labor market resilience, as manufacturing shows mixed signals but brighter six-month expectations.

Crude oil inventories rise despite refinery slowdown; imports surge, but demand weakness in distillates points to a bearish outlook for oil prices.

UK inflation overshoots estimates, driven by housing costs, signaling potential BoE hesitation on future rate cuts.

October housing permits and starts fall below estimates, signaling bearish construction trends as builders face high mortgage rates and cautious demand.

The index continued to recover from the lows that were reached in August.

US retail sales rose 0.4% in October, reaching $718.9 billion. Consumer spending drives growth but reveals signs of slowing momentum heading into Q4.

China’s Retail Sales Surge, Unemployment Dips as US Tariff Threat Looms” – Mixed economic signals push Hang Seng and AUD/USD higher amid investor caution.

As challenging as France’s fiscal and political outlooks are, the country’s underlying areas of resilience include a favourable government debt profile, a resilient economy and well capitalised banks.