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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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...
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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...
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Decline in Germany’s composite PMI
Germany’s HCOB Flash Composite Purchasing Managers’ Index (PMI) fell to 47.2 in September 2024, marking the fourth consecutive monthly decline and the lowest reading since February. The figure came in below the forecasted 48.2 from August, signaling an intensifying downturn...
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