Financial News
- Bob Mason
German retail sales surged 1.6% in August, easing recession fears and challenging ECB rate cut expectations.
- Vladimir Zernov
Gasoline inventories declined by 6.3 million barrels from the previous week.
- Eiko Sievert
Italy aims to accelerate fiscal tightening to exit the Excessive Deficit Procedure earlier than expected, but high public debt, structural economic weaknesses and unfavourable demographics pose challenges.
- Bob Mason
The widening trade surplus highlights a potential 2024 economic contraction as factory orders tumble and imports shrink.
- Bob Mason
August’s 2.9% industrial surge in Germany calms recession worries, but recent PMI data paints a darker picture.
- Bob Mason
Germany’s factory orders and manufacturing sector slump fuels concerns over deindustrialization and ECB policy.
- Bob Mason
US labor market beats forecasts, easing recession fears and Fed cuts bets, while Middle East tensions weighed on crypto markets.
- James Hyerczyk
U.S. job growth surged by 254K in September, beating forecasts, while unemployment dipped to 4.1%. Wage growth remains steady at 0.4%, supporting labor market streng
- Dennis Shen
The US and global economies remain resilient ahead of forthcoming US elections. However, Europe’s economic fragility poses challenges for its recovery despite support from the easing of interest rates.
- Vladimir Zernov
Natural gas prices pulled back from session highs as traders reacted to the report.
- Vladimir Zernov
The services activity has increased in each of the past 20 months.
- James Hyerczyk
US jobless claims rise to 225,000, surpassing expectations. Hurricane Helene and major strikes may distort labor market data in the coming weeks.
- Bob Mason
EUR/USD reacts to the Euro Area PMIs, reflecting market sentiment toward potential ECB rate path shifts.
- Vladimir Zernov
Domestic oil production increased from 13.2 million bpd to 13.3 million bpd.
- Eiko Sievert
Germany is facing demographic challenges with more acute structural pressures than other advanced economies. Labour-market and pension reforms are essential, but fragmented politics risk are eroding competitiveness.
- James Hyerczyk
Private employers added 143K jobs in September, beating forecasts. Job gains across sectors signal labor market strength, but wage growth remains cautious.
- Bob Mason
Eurozone unemployment holds at 6.4%, keeping October ECB rate cut speculation alive as inflation numbers ease across the bloc.
- Vladimir Zernov
PMI reports indicated that manufacturing sector remained under pressure.
- Bob Mason
Energy prices were down 6% in September 2024, compared with September 2023, dragging the inflation rate below the 2% target.
- Vladimir Zernov
The report showed that moderate upward pressure on prices and wages continued in September.
