UK Consumer Confidence Index Drops
The GfK Consumer Confidence Index in the UK has dropped sharply to -20 in September 2024, marking its lowest level in six months. This significant decline follows two months of stability at -13, defying earlier expectations of continued steadiness. The...
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Crude Oil Price Volatility Rises
WTI crude oil futures fluctuated around $70.8 per barrel on Thursday, as the market reacted to the potential for supply disruptions stemming from escalating tensions in the Middle East. Prices attempted to recover from the previous session’s losses, with traders...
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Gold Hits New Record High!
The price of gold reached a new all-time high yesterday, surpassing $2,573 per ounce, as a combination of factors, including the Federal Reserve’s decision to cut interest rates, boosted investor demand for the precious metal. The 50-basis point cut in...
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Japan’s Trade Deficit Shrinks
Japan’s trade deficit shrank to JPY 695.30 billion in August 2024, down from JPY 940.10 billion in the same month last year, as the country continued to see export growth. Despite the narrowing gap, the figure came in above market...
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Germany Factory Orders in July
Germany’s factory orders rose by 2.9% in July 2024, defying expectations of a 1.5% decline. This follows a revised 4.6% increase in June, marking the second consecutive month of growth. The rise was driven by large-scale orders for aircraft, ships,...
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