Significant Decline in US Crude Oil Inventories
In the week ending September 20, 2024, US crude oil inventories experienced a substantial decline of 4.471 million barrels, significantly exceeding market expectations of a 1.4 million barrel decrease. This sharp drop follows a previous decline of 1.63 million barrels...
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Decline in US Home Sales!
Sales of new single-family homes in the United States fell by 4.7% in August 2024 compared to the previous month, reaching a seasonally adjusted annual rate of 716,000 units. This decline comes after a robust revised growth of 10.3% in...
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Decreasing Inflation Rate in Australia
In August 2024, Australia’s Consumer Price Index (CPI) rose by 2.7% compared to the previous year, a notable decrease from the 3.5% inflation rate recorded in July. This figure also fell short of market expectations, which had anticipated a 2.8%...
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Decrease in Germany’s Ifo business climate index
Germany’s Ifo business climate index declined to 85.4 in September 2024, down from 86.6 in August, marking its lowest level since January 2024. The drop in the index, which missed market expectations of 86, signals growing pessimism about the state...
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Decrease in Japan’s composite PMI
Japan’s au Jibun Bank composite Purchasing Managers’ Index (PMI) slipped to 52.5 in September 2024, down from August’s 15-month high of 52.9. Despite the decline, the index remains above the neutral 50 mark, indicating that the private sector has expanded...
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