United States Goods Trade Balance
The US trade deficit saw a significant increase in September 2024, widening to $108.2 billion from $94.2 billion in August. This sharp escalation marks the largest trade gap since March 2022, when disruptions in commodity supplies triggered by the Russian...
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Germany GfK Consumer Climate
In November 2024, Germany’s GfK Consumer Climate Indicator rose to -18.3, marking a significant rebound from a revised -21.0 in the previous period. This increase represents the highest reading since April 2022, signaling a positive shift in consumer sentiment for...
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Japan Unemployment Rate
In September 2024, Japan’s unemployment rate fell to 2.4%, marking a significant improvement from August’s reading of 2.5% and beating market expectations. This decrease highlights the resilience of Japan’s labor market, as the unemployment rate has now reached its lowest...
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United States Dallas Fed Manufacturing Index
In October 2024, the Federal Reserve Bank of Dallas reported a modest improvement in Texas manufacturing activity, with the general business activity index rising to -3, up from -9 in September. This marks the mildest contraction since the sequence of...
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United Kingdom CBI Distributive Trades
Retail sales volumes saw a modest decline of 6% in October 2024, reversing the slight growth of 4% recorded in September. This downturn, as highlighted by the CBI Distributive Trades Survey, reflects a shift in consumer behavior, largely influenced by...
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United States Durable Goods Orders
In September 2024, U.S. durable goods orders dropped by 0.8%, or $2.2 billion, reaching a total of $284.8 billion. This follows a similar 0.8% decline in August, reflecting a cooling in manufacturing demand. The decrease came slightly better than market...
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Germany Ifo Business Climate Index
Germany’s Ifo Business Climate index has experienced a noteworthy increase in October 2024, rising to 86.5 from 85.4 in September. This marks the first upward movement in five months and exceeds expectations, which had forecasted a value of 85.6. According...
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Japan Tokyo Core CPI
In October 2024, Tokyo’s core consumer price index (CPI) rose 1.8% year-on-year, marking a slowdown from 2% in September and reaching its lowest level since April. This latest figure, slightly above the forecast of 1.7%, highlights a cooling trend in...
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United Kingdom Consumer Confidence
The GfK Consumer Confidence index in the UK slipped to -21 in October 2024, down from -20 in September. This marks the lowest point for the index this year and matches levels seen in February and March. The decline comes...
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Denmark’s New Crypto Tax Proposal: A Bold Move Towards Mark-to-Market Taxation
Denmark’s Tax Law Council has recently stirred debate by proposing a mark-to-market taxation policy for cryptocurrency assets. This recommendation, aimed at eliminating tax discrepancies on crypto gains and losses, marks a significant shift in how digital assets will be regulated...
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