Japan Interest Rate
The Bank of Japan (BoJ) has chosen to keep its key short-term interest rate unchanged at 0.25% during its October meeting, marking the highest level since 2008 and aligning with market expectations. This decision comes as Japan’s political landscape shifts...
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United States API Crude Oil Stock Change
For the week ending November 1, 2024, U.S. crude oil inventories saw a significant rise, increasing by 3.132 million barrels. This spike comes after a small decline of 0.573 million barrels the previous week, marking a noticeable turnaround. According to...
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United States ISM Services PMI
The Institute for Supply Management (ISM) Services PMI for the United States rose unexpectedly to 56 in October 2024, marking its highest level since August 2022. This increase, up from 54.9 in September and surpassing the forecast of 53.8, points...
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China’s Services Sector Rebounds in October 2024
China’s Caixin Services Purchasing Managers’ Index (PMI) rose to 52.0 in October 2024, up from 50.3 in September and exceeding market forecasts of 50.5. This increase reflects renewed momentum in the service sector, bolstered by new support measures from Beijing...
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Euro Area Manufacturing PMI
The HCOB Eurozone Manufacturing Purchasing Managers’ Index (PMI) has been slightly revised up to 46 for October 2024, compared to an initial reading of 45.9 and an increase from 45 in September. While the PMI remains below the neutral 50...
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Germany Manufacturing PMI
Germany’s manufacturing sector exhibited a slight improvement in October 2024, with the HCOB Manufacturing Purchasing Managers’ Index (PMI) being revised up to 43, from a preliminary reading of 42.6. This marks a notable increase from the 12-month low of 40.6...
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U.S. Elections Market Impact: What Does History Show?
Every four years, U.S. presidential elections become focal points not only for political and social discussions but also for economic speculation. Investors closely watch these cycles, as election outcomes can impact fiscal policies, market regulations, and even the direction of...
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United States Non Farm Payrolls
In October 2024, the U.S. economy added only 12,000 jobs, a stark decline from September’s revised 223,000 and significantly below the anticipated 113,000. This marks the lowest job growth since December 2020, primarily influenced by strikes at Boeing and potentially...
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China Caixin Manufacturing PMI
The Caixin China General Manufacturing PMI for October 2024 showed encouraging signs for the manufacturing sector, rising to 50.3 from September’s 49.3. This increase not only exceeded market expectations of 49.7 but also indicates a welcome shift towards expansion in...
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Japan Manufacturing PMI
Japan’s au Jibun Bank Manufacturing PMI was revised up to 49.2 in October from an initial reading of 49.0, following September’s final figure of 49.7. Despite this slight increase, the PMI indicates a fourth consecutive month of contraction in factory...
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