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%...
Read more
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...
Read more
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...
Read more
Gold Price Hits Historic High
Gold prices soared to around $2,620 per ounce on Tuesday, setting new records as geopolitical tensions and economic uncertainty continue to drive demand for safe-haven assets. This surge follows gold surpassing the $2,600 mark last week, fueled by a combination...
Read more
Sharp Decline in UK Factory Orders
UK factory orders fell sharply in September 2024, hitting their lowest level in the past 10 months, according to the latest survey by the Confederation of British Industry (CBI). The net balance of new orders dropped to -35, a significant...
Read more
