Germany Services PMI Drops to 49.3
The HCOB Germany Services PMI fell to 49.3 in November 2024, down from 51.6 in October, marking the first contraction in business activity in nine months. This decline underscores growing challenges in the German services sector, as weaker demand and...
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Australian Economy Grows by 0.3% in Q3 2024
The Australian economy expanded by 0.3% quarter-on-quarter (qoq) in Q3 2024, marking its 12th consecutive quarter of growth. However, this was below market expectations of 0.4% and highlighted a slower recovery compared to previous quarters. Over the past year, annual...
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Job Openings Surge in October 2024
In October 2024, the number of job openings in the U.S. rose by 372,000, reaching a total of 7.744 million. This increase followed a downward revision of September’s numbers, which were adjusted to 7.372 million. The October data also surpassed...
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Australia’s Current Account Deficit: A Comprehensive Q3 2024 Review
In Q3 2024, Australia’s current account deficit decreased to AUD 14.1 billion, down from an upwardly revised AUD 16.4 billion in the previous quarter. While this reduction suggests some positive developments, the figure marked the sixth consecutive quarter of deficit...
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UK Retail Sales Decline in November 2024
Retail sales in the United Kingdom dropped by 3.4% on a like-for-like basis in November 2024, a sharp reversal after four consecutive months of growth. The decline fell significantly short of market expectations, which had forecast a modest 0.7% increase....
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US ISM Manufacturing PMI Shows Softer Contraction in November 2024
The ISM Manufacturing PMI for the United States increased to 48.4 in November 2024, up from 46.5 in October, surpassing forecasts of 47.5. While still indicating a contraction in the manufacturing sector, the slight improvement points to a softer decline...
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MARA’s $700 Million Bitcoin Acquisition Proposal: A Strategic Move for Growth
MARA Holdings, a prominent player in the Bitcoin mining industry, has unveiled an ambitious plan to raise $700 million by issuing interest-free convertible bonds. This strategic move is designed to enhance the company’s position in the Bitcoin mining sector by...
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S&P Global UK Manufacturing PMI Falls to 48 in November
The S&P Global UK Manufacturing PMI for November 2024 was revised down to 48.0, from a preliminary 48.6, and compared to 49.9 in October. This marks the most significant contraction in the UK’s manufacturing sector since February. The PMI reading,...
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HCOB Germany Manufacturing PMI Signals Ongoing Contraction in November
Germany’s HCOB Manufacturing PMI for November 2024 was revised slightly lower to 43.0, down from a preliminary 43.2 and matching October’s reading. This indicates that the German manufacturing sector remains firmly in contraction territory, with the PMI staying well below...
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China’s Manufacturing PMI Surges to 51.5 in November
China’s Caixin Manufacturing PMI jumped to 51.5 in November 2024, up from 50.3 in October, surpassing analysts’ predictions of 50.5. This marks the second consecutive month of growth, indicating a solid recovery in the manufacturing sector. The PMI, which measures...
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