ANZ Business Outlook Declines in November
New Zealand’s ANZ Business Outlook Index fell to 64.9 in November 2024, down from October’s decade-high of 65.7. This slight dip reflects a mixed economic landscape as businesses navigate fluctuating market conditions. While some indicators signal easing pressures, others point...
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US Jobless Claims Hold Steady Amid Resilient Labor Market
Initial jobless claims in the US held steady at 213,000 for the week ending November 23, below market expectations of 216,000. This steady performance underscores the enduring strength of the labor market, even as the Federal Reserve’s aggressive monetary tightening...
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US Economy Expands by 2.8% in Q3 2024
The US economy maintained steady growth in the third quarter of 2024, expanding at an annualized rate of 2.8%. This pace matched the advance estimate but was slightly below the 3% growth seen in Q2. The economy’s performance was driven...
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US Durable Goods Orders See Modest Growth in October
In October 2024, new orders for durable goods in the United States rose by a modest 0.2%, reaching $286.56 billion. This increase marks a recovery from the revised 0.4% decline recorded in September. However, the growth fell short of market...
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Germany’s Consumer Sentiment Plummets to a Seven-Month Low
The latest GfK Consumer Climate Indicator for Germany paints a troubling picture for December 2024, falling to -23.3 points. This marks the lowest level since May and is significantly below the forecast of -18.6 points. The current figure mirrors the...
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The CFTC’s Potential Role in Regulating Crypto Markets
The Commodity Futures Trading Commission (CFTC) may soon expand its authority to regulate digital assets, particularly those classified as commodities, such as bitcoin and ether. Fox Business reports that the incoming Trump administration is considering granting the CFTC oversight of...
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Reserve Bank of New Zealand Cuts Rates Again as Inflation Slows
In its November 2024 policy meeting, the Reserve Bank of New Zealand (RBNZ) announced a 50 basis point reduction in its official cash rate (OCR), bringing it down to 4.25%. This marks the third consecutive rate cut this year, underscoring...
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Australia’s CPI Shows Steady Growth in October 2024
Australia’s Consumer Price Index (CPI) rose by 2.1% year-on-year in October 2024, marking a consistent level of inflation for the second consecutive month. This result, however, was slightly lower than the market expectation of 2.3%. Despite this miss, the CPI...
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US Consumer Confidence Index Sees Significant Rise in November 2024
In November 2024, the Conference Board’s US Consumer Confidence Index increased to 111.7, up from 109.6 in October. This 2.1-point rise marks an encouraging shift in consumer sentiment, signaling optimism about the current and future economic landscape. This blog will...
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UK Retail Sales Decline Sharply in November 2024
The UK retail sector experienced a significant downturn in November 2024, with sales volumes dropping by 18%, according to the CBI Distributive Trades Survey. This decline extends the 6% drop reported in October and surpassed market expectations of a 14%...
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