UK Retail Sales See Modest Uptick in November 2024
Retail sales in the UK increased by 0.2% month-over-month in November 2024, recovering slightly from a 0.7% decline in October. However, the growth fell short of market expectations of 0.5%, reflecting ongoing economic challenges. The rise was driven by higher...
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Germany’s Producer Prices Rebound in November 2024
In November 2024, Germany’s producer prices recorded an unexpected year-on-year increase of 0.1%, rebounding from a 1.1% decline in October. This marked the first uptick since June 2023, surpassing market expectations of a 0.3% drop. The rise was mainly driven...
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Japan’s Inflation Hits a 13-Month High in November 2024
Japan’s annual inflation rate surged to 2.9% in November 2024, up from 2.3% in the previous month, marking the highest reading since October 2023. The sharp rise was largely driven by soaring food prices, which climbed 4.8%, the steepest increase...
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Germany’s Consumer Confidence Rises but Remains Weak
The GfK Consumer Climate Indicator for Germany improved to -21.3 heading into January 2025, up from a revised -23.1 in December, which marked the lowest level since May. This latest figure surpassed market expectations of -22.5, driven by slight improvements...
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Bank of Japan Maintains Rates Amid Economic Review
In its final meeting of the year, the Bank of Japan (BoJ) decided to maintain its key short-term interest rate at around 0.25%, the highest level since 2008. This move was in line with market expectations, as the vote was...
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Fed Cuts Interest Rates Again, Signals Slower Pace in 2025
The Federal Reserve announced a 25 basis point reduction in the federal funds rate in December 2024, marking the third consecutive rate cut this year. The new range for borrowing costs stands at 4.25%-4.5%, which aligns with market expectations. This...
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Eurozone Inflation Rises to 2.2% in November 2024
The annual inflation rate in the Eurozone edged up to 2.2% in November 2024, from 2% in October, slightly below the preliminary estimate of 2.3%. This modest increase was widely anticipated due to base effects, as the sharp declines in...
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UK Inflation Climbs to 2.6% in November 2024
The UK’s annual inflation rate rose for the second consecutive month, reaching 2.6% in November 2024, up from 2.3% in October. This increase aligns with market expectations and marks the highest inflation rate in eight months. The uptick reflects faster...
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US Retail Sales Show Robust Growth in November 2024
Retail sales in the United States rose by 0.7% month-over-month in November 2024, following an upwardly revised 0.5% increase in October. This growth exceeded market expectations of a 0.5% rise, signaling strong consumer spending during the holiday shopping season. The...
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Canada’s Inflation Eases to 1.9% in November 2024
In November 2024, Canada’s annual inflation rate dropped to 1.9%, slightly lower than the previous month’s 2% and falling short of market expectations of 2%. This marks a continuation of a favorable inflation trend that aligns with the Bank of...
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