Financial News

As China grapples with a weakening economy. The latest numbers show a marked slowdown in industrial production and weaker retail sales.

For investors looking for signs of a pickup in demand, German wholesale prices disappointed today, signaling a grim outlook for the German economy.

It is another busy week ahead. While central banks are in the spotlight, UK economic indicators and stats from China will be focal points.

It was a busy week for the crypto market. While US inflation figures drew interest, the SEC cases against Ripple and Coinbase and ETF news also influenced.

Consumers did not notice material differences in the economic environment from last month.

U.S. July’s PPI rose 0.3% after June’s flat performance, surpassing the 0.2% estimate.

Today, the UK GDP impressed, with household and government spending and manufacturing production delivering unexpected growth in Q2.

U.S. dollar’ pullback provides support to precious metals as traders bet on a less hawkish Fed.

Shelter drove 90% of inflation, while excluding food and energy, rates grew 0.2%; the all-items index rose 3.2% annually, signaling bullish trends.

Oil prices test new highs as traders focus on the new buyer in a tight market.

China inflation figures sent mixed signals this morning. While consumer prices rose by more than expected, the producer price index signaled weak demand.

The report showed that recession fears waned but inflation concerns revived.

In June 2023, the U.S. trade deficit narrowed as imports fell more than exports, reducing the goods deficit by $2.8 billion.

China exports and imports tumbled in July, reflecting weak demand and aligning with the Caixin Manufacturing PMI. Beijing stimulus chatter could resurface.

Eurozone’s Sentix index rises 3.6 points, halting decline; Germany’s index falls for fourth month, hitting -30.7 points.

The week ahead will be another tricky one for investors. While the US CPI Report will impact, stats from the UK, Germany, and China also need consideration.

Treasury yields declined as U.S. economy’s job growth missed analyst estimates.

In July, the US economy’s job growth fell short of expectations, though average hourly earnings rose as unemployment dipped.

According to the report, the majority of respondents stay cautiously optimistic about business conditions and the overall economy.

The MPC hiked the Bank Rate to 5.25%, signaling their commitment to maintain price stability amid rising inflation.