December 2024: A Slight Uptick in UK Consumer Confidence
The GfK Consumer Confidence Index in the United Kingdom rose by one point to -17 in December 2024. This marks the second consecutive month of improvement, signaling a modest recovery in sentiment. However, the index remains firmly in negative territory,...
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U.S. Initial Jobless Claims Surge in December
Initial jobless claims in the U.S. jumped by 17,000 during the first week of December, reaching 242,000. This sharp increase significantly exceeded market expectations, which had forecast a decrease to 220,000. This marks the highest level of new claims since...
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ECB Cuts Interest Rates Again Amid Optimism for Inflation Outlook
The European Central Bank (ECB) has made its fourth interest rate cut of the year, reducing its key rates by 25 basis points in December 2024. This decision aligns with expectations and reflects the ECB’s confidence in a more favorable...
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Vancouver’s City Council Greenlights Exploring Bitcoin in Municipal Finance
In a bold move toward embracing cryptocurrency, Vancouver’s city council has approved a motion to explore integrating Bitcoin into its municipal financial systems. The decision, made during a council meeting on Tuesday, marks a significant step in the city’s efforts...
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Bank of Canada Cuts Interest Rates Again in December 2024
In its December meeting, the Bank of Canada (BoC) announced a 50 basis points (bps) cut to its key interest rate, marking the second consecutive reduction. This decision was in line with market expectations, bringing the total cumulative rate cuts...
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