Financial News

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.

Private employers added 143K jobs in September, beating forecasts. Job gains across sectors signal labor market strength, but wage growth remains cautious.

Eurozone unemployment holds at 6.4%, keeping October ECB rate cut speculation alive as inflation numbers ease across the bloc.

PMI reports indicated that manufacturing sector remained under pressure.

Energy prices were down 6% in September 2024, compared with September 2023, dragging the inflation rate below the 2% target.

The report showed that moderate upward pressure on prices and wages continued in September.

German inflation hits 1.6% in September, lowest since 2021. Energy costs plummet while food prices rise. ECB faces pressure to cut rates as eurozone inflation falls.

September’s private sector PMI numbers from China highlighted the pressing need for stimulus and policy measures to bolster China’s economy.

US economic indicators boost soft landing hopes and fuel 50-bps Fed rate cut bets, driving demand for cryptos.

According to the report, the increase was seen across all education groups and political affiliations.

Türkiye’s restrictive monetary policy continues to drive disinflation, bolster external accounts and replenish official reserves, improving the economic outlook despite persistent inflation and a wide budget deficit.

Natural gas traders will also stay focused on the potential impact of Hurricane Helene.

U.S. jobless claims dip to 218K, signaling labor market strength, while Q2 GDP growth holds at 3%, driven by strong consumer spending and inventories.

Crypto market cap hit $2.19 trillion on Sept 26, up $230B since US Fed cut rates on Sept 18, here are 5 major news events moving the markets this week.

German consumer sentiment improved modestly, according to the September survey. However, sub-components paint a gloomy picture of the economy.

Gasoline inventories decreased by 1.5 million barrels, missing analyst expectations.

August saw a 4.7% decline in new home sales, falling short of expectations. Yet, a notable 9.8% year-over-year increase suggests long-term growth.

Consumers earning less than $50,000 experienced the largest decrease in confidence.

S&P CoreLogic Index hits record highs in July 2024, with 14 months of growth, but price gains are slowing, signaling a cooling U.S. housing market.

RBA stays firm on inflation control, no rate hike discussions as AUD/USD slides during the RBA Press Conference.