US Trade Deficit Widens to $78.2 Billion in November 2024
US Trade deficit expanded to $78.2 billion in November 2024, up from a revised $73.6 billion in October, aligning with market expectations. This widening gap reflects a surge in both imports and exports, driven by strong demand across various sectors....
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Climbs to 2.4% in December 2024
The Euro Area’s inflation rate surged for the third consecutive month, reaching 2.4% in December 2024, marking the highest rate since July. According to preliminary estimates, this rise aligns with market expectations and represents a slight increase from the 2.2%...
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Germany’s Inflation Climbs to 11-Month High in December
Germany’s Inflation rate rose for the third consecutive month, reaching 2.6% in December 2024, up from 2.2% in November and surpassing market expectations of 2.4%, according to preliminary estimates. This marks the highest inflation rate in nearly a year, driven...
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Germany’s Services Sector Returns to Growth
The HCOB, Germany’s Services Sector PMI climbed to 51.2 in December 2024, up from 49.3 in November and marginally surpassing initial forecasts of 51. This reading marks a return to expansion for the services sector after a brief contraction, reflecting...
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China’s Services Sector Shows Signs of Recovery
The Caixin China’s Services Sector PMI rose to 52.2 in December 2024 from 51.5 in November, exceeding market expectations of 51.7. This reading indicates the fastest expansion in the services sector since May, highlighting a strong rebound in activity. The...
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Japan’s Service Sector Growth: December 2024 Update
Japan’s Service Sector for December 2024 was revised down to 50.9 from an initial flash reading of 51.4. Despite the adjustment, this figure indicates the second consecutive month of expansion in the service sector, following November’s 50.5. This marks the...
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Japan’s Manufacturing PMI Shows Modest Improvement
In December 2024, Japan’s au Jibun Bank Manufacturing PMI stood at 49.6, slightly above the flash estimate of 49.5 and an improvement from the 49.0 recorded in November. While the PMI remained below the neutral 50.0 mark, indicating a continued...
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The Reserve Bank of Australia Holds Cash Rate Steady!
The Reserve Bank of Australia (RBA) kept its cash rate unchanged at 4.35% during its final meeting of 2024, marking the ninth consecutive meeting without a change. This decision aligns with market expectations, reflecting the central bank’s cautious approach as...
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Canada’s Industrial Producer Prices Rise in November 2024
Canada’s industrial producer prices rose by 0.6% month-over-month in November 2024, building on a 1.2% increase in October. This growth surpassed market expectations, which had predicted a more modest rise of 0.3%. The increase was driven by significant price hikes...
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Canadian Economy Contracts in November 2024
Canadian Economy GDP contracted by 0.1% month-on-month in November 2024, marking the first decline in 11 months. This downturn was driven by lower output in key sectors such as extractive industries, transportation and warehousing, and financial services. However, growth in...
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