The recent release of Chinese economic data, including the Consumer Price Index (CPI) and Producer Price Index (PPI), has generated mixed reactions in the financial markets. While the CPI rose by 0.6% in August, falling short of market expectations, the PPI declined by 1.8% year-on-year. These figures have implications not only for the Chinese economy
admin
Upon closer examination of the market trends, it becomes evident that the initial strength observed in NFPs was not as robust as anticipated. Despite initial optimism, the buying pressure quickly dissipated, leaving investors disappointed. The odds of a rate cut, which were expected to increase significantly following comments by Waller, remained stagnant at only 30%.
In a recent survey conducted by the Recruitment and Employment Confederation and KPMG, it was revealed that Britain’s labor market experienced a noticeable cooling last month. The report indicated that job placements, especially permanent ones, saw a significant drop at the fastest pace in five months. Moreover, starting pay growth for permanent staff also decreased
Egypt’s inflation rate is expected to decrease for the sixth consecutive month in August, primarily due to a favorable base effect. The government has been implementing price hikes as part of an agreement with the International Monetary Fund to control inflationary monetary policy. Despite the efforts to stabilize the economy, the country has witnessed several
France has requested an extension from the European Commission beyond the original deadline of Sept. 20 to submit a plan to reduce its public deficit. The Finance Ministry made this request in order to align with Paris’ 2025 draft budget, as reported by La Tribune du Dimanche. The need for additional time arises from the
Recent data from a Reuters poll indicates that economists are expecting a slowdown in headline Year-over-Year (YoY) inflation, with estimates showing a decrease to +2.6%, down from +2.9% in July. This trend is driven by softer data over the past four months. Core inflation, which excludes energy and food components, is anticipated to remain steady
The latest US Jobs Report has shown a growth of 142k in payrolls for the month of August, which indicates a positive trend in the labor market. However, the data also suggests that the US economy may not be as robust as previously expected, leading to uncertainty in the market. The upcoming release of the
U.S. Treasury Secretary Janet Yellen recently expressed that she is likely “done” serving at the highest levels of government once President Joe Biden’s term concludes in January. However, she mentioned that she may meet with the Chinese Vice Premier He Lifeng soon. During the Texas Tribune Festival in Austin, Texas, Yellen hinted at her future
President Emmanuel Macron’s decision to appoint centre-right Michel Barnier as prime minister has sparked protests across France. Barnier, a conservative figure and the EU’s former Brexit negotiator, faces the challenge of leading a government without a clear majority. This poses significant obstacles as he seeks to implement reforms and address the country’s budgetary concerns. Left-wing
In 2024, exchange-traded fund inflows have already broken monthly records, with managers predicting a potential impact from the money market fund boom before the year-end. Nate Geraci, president of The ETF Store, highlighted the significant $6 trillion-plus parked in money market funds as a wildcard for the remainder of the year. According to the Investment
The concept of a U.S. manufacturing revival has been a hot topic in political circles, with promises of restoring the industrial might that once defined the American economy. However, upon close inspection, it is evident that the manufacturing sector has been on a gradual decline for decades. While certain industries like semiconductors have seen modest
The article highlights the looming threat faced by Elizabeth Street Garden in lower Manhattan, as the city plans to develop affordable housing on the land. Despite opposition from prominent figures like Robert De Niro and Martin Scorsese, the fate of this urban oasis hangs in the balance. The conflict underscores the dilemma facing New York