German Industrial Production Declines Again in October 2024
Germany’s industrial sector faced another setback in October 2024, with production falling by 1% month-over-month. This was contrary to expectations of a 1.2% rebound and followed a downwardly revised 2% decline in September. The continued slump highlights growing challenges for...
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US Initial Jobless Claims Rise, But Labor Market Remains Strong
US initial jobless claims rose to 224,000 for the week ending November 30, up from 213,000 the previous week, surpassing market expectations of 215,000. This marks the highest reading in six weeks, but the increase still reflects a labor market...
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US Trade Deficit Narrows in October 2024
The US trade deficit narrowed to $73.8 billion in October 2024, down from an upwardly revised $83.8 billion in September. This improvement came in slightly below market expectations, which had forecast a deficit of $75 billion. While the reduction in...
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Canada’s Trade Deficit Narrows in October 2024
Canada recorded a trade deficit of CAD 0.92 billion in October 2024, improving from the previous month’s CAD 1.26 billion gap. However, this deficit was still wider than the expected CAD 0.8 billion, marking the eighth consecutive month of a...
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Bitcoin Breaks $100K: A Historic Milestone
In December 2024, Bitcoin Break achieved a monumental milestone, reaching an all-time high of $103,619. This price surge marks Bitcoin’s first-ever crossing of the $100,000 mark, cementing its position as one of the most significant digital assets in the world....
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Germany’s Factory Orders in October 2024: A Mixed Performance
Germany’s factory orders fell by 1.5% month-over-month in October 2024, a smaller decline than market expectations of a 2.0% drop. This decrease followed an impressive upwardly revised 7.2% surge in September, the strongest growth since December 2023. While October’s contraction...
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Australia’s Trade Surplus Hits an Eight-Month High
Australia’s trade surplus for goods surged to AUD 5.95 billion in October 2024, marking the largest surplus since February. This figure significantly exceeded market expectations of AUD 4.55 billion and showed a robust recovery from September’s downwardly revised surplus of...
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US ISM Services PMI Declines in November 2024
The ISM Services PMI in the United States experienced a notable decline in November 2024, dropping to 52.1 from 56 in October. This reading was well below the forecasted 55.5, signaling a slower pace of growth in the services sector....
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Nasdaq Hits New Record: Historic Growth in Tech Stocks
The Nasdaq Composite Index has just hit a new all-time high, marking a significant milestone in the stock market. The index rose by 0.4%, reaching a record-breaking 6,047.15 points, driven largely by strong performances in major tech stocks. Notably, Apple...
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Caixin China Services PMI Declines to 51.5 in November
The Caixin China General Services PMI dropped to 51.5 in November 2024, down from 52.0 in October, which had marked a three-month high. This latest reading fell short of market expectations of 52.5, signaling a modest slowdown in the services...
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