UK Manufacturing Faces Contraction in November 2024
The latest data from S&P Global reveals that the UK manufacturing sector experienced a contraction in November 2024. The Flash UK Manufacturing PMI dropped to 48.6, down from 49.9 in October, falling well below the forecasted 50. This marks the...
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Germany’s Manufacturing PMI Shows Slight Improvement in November
Germany’s HCOB Flash Manufacturing PMI edged up to 43.2 in November 2024, slightly above October’s 43 and market expectations of the same. While this uptick offers a glimmer of hope, the index remains firmly in contraction territory, indicating continued struggles...
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Gary Gensler Steps Down as SEC Chair Amid Trump’s Return
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has announced his resignation, effective January 20. After three years at the helm, Gensler’s departure coincides with Donald Trump’s return to the presidency, marking a significant shift in the...
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UK Retail Sales See Biggest Drop in Four Months
Retail sales in the UK experienced a sharp decline of 0.7% in October 2024, marking the steepest drop in four months. This follows a revised 0.1% increase in September and far exceeded forecasts of a 0.3% decline. The slump highlights...
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Germany’s Economy: A Modest Q3 Recovery
Germany’s economy recorded slight growth in the third quarter of 2024, expanding by 0.1% quarter-on-quarter, according to revised figures. This marks a mild recovery from a 0.3% contraction in Q2 but falls short of the initial 0.2% growth estimate. On...
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Japan’s Inflation Hits Lowest Level Since January
Japan’s annual inflation rate eased to 2.3% in October 2024, down from 2.5% in September, marking its lowest level in nearly 10 months. This decline signals a slowdown in price pressures across several sectors, driven by reduced energy costs and...
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Australia’s Manufacturing PMI Improves Slightly in November
The Judo Bank Australia Manufacturing PMI rose to 49.4 in November, up from 47.3 in October. While the sector remained in contraction for the 10th straight month, the pace of decline softened to its slowest in six months. This slight...
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Canada’s Industrial Producer Prices Experience Strong Rebound in October 2024
Canada’s industrial producer prices surged by 1.2% month-over-month in October 2024, marking a significant recovery following two consecutive months of declines. The increase exceeded analysts’ expectations, which had forecasted a more modest 0.3% rise. This strong rebound comes after a...
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Dormant Bitcoin Wallets Come Back to Life: A Look at Their Impact on the Crypto Market
In a surprising turn of events, some of Bitcoin’s oldest and long-inactive wallets have become active, moving millions of dollars worth of cryptocurrency. These movements highlight the enduring relevance of Bitcoin as an asset and raise questions about their potential...
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CBI Survey Reveals Improved Manufacturing Orders in November
The Confederation of British Industry (CBI) reported an improvement in its monthly net balance of new manufacturing orders, which rose to -19 in November 2024 from -27 in October. This exceeded market expectations of -25 and marked a modest recovery....
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