Increase in the Price of WTI Crude Oil
On Wednesday, WTI crude oil futures experienced a notable surge, rising above $71 per barrel. This increase follows a 2% gain from the previous session, driven by escalating tensions in the Middle East, particularly after Iran’s missile launch aimed at...
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Japan Consumer Confidence
In September 2024, Japan’s consumer confidence index rose to 36.9, its highest point since April. This slight increase from 36.7 in August highlights a growing sense of optimism among consumers, although it came in just below the forecast of 37.1....
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Japan’s Manufacturing PMI Increased
Japan’s manufacturing sector showed signs of a modest recovery in September 2024, as the Manufacturing Purchasing Managers’ Index (PMI) was revised to 49.7, up from an earlier estimate of 49.6. While still indicating contraction, this marks the softest decline since...
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Australia’s Manufacturing PMI Declines
The latest data shows that Australia’s manufacturing sector is facing its eighth consecutive month of contraction, marking the fastest decline since May 2020. The Purchasing Managers’ Index (PMI) signals shrinking activity as new orders, production, and demand continue to weaken....
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Germany’s Inflation Falls to 1.6% in September
Germany’s inflation rate continued to ease in September 2024, reaching 1.6%, its lowest level since February 2021. This drop comes as a welcome surprise, falling below the expected 1.7%, and down from 1.9% in August. Goods Prices: A Key Factor...
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