US Services PMI Index Declines in January 2025
The US Services Purchasing Managers’ Index (PMI), released by the Institute for Supply Management (ISM), fell to 52.8 in January 2025, down from 54.0 in December and below the forecast of 54.3. This decline signals a slower growth rate in...
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U.S. Trade Deficit Reaches $98.4 Billion in December 2024
The U.S. trade deficit reached $98.4 billion in December 2024, a significant increase from $78.9 billion in November and exceeding market expectations of $96.6 billion. This marks the highest trade deficit since March 2022, as American companies rushed to secure...
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Eurozone Producer Prices See Modest Increase in December 2024
Producer prices in the Eurozone rose by 0.4% in December 2024, following a larger 1.7% jump in November. This marked the third consecutive monthly increase, largely driven by energy prices, which climbed 1.4% compared to 5.6% the previous month. Other...
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SEC’s New Crypto Task Force: A Game-Changer for Digital Asset?
The cryptocurrency industry is on the brink of a major regulatory shift as the U.S. Securities and Exchange Commission (SEC) launches a special task force to review and update its stance on digital assets. This move signals a significant departure...
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China’s Services Sector Growth Slows in January 2025
The Caixin China General Services PMI fell to 51.0 in January 2025, marking a slowdown from December’s seven-month high of 52.2 and missing market expectations of 52.3. This reading signals the weakest expansion in the services sector since September, reflecting...
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Japan’s Private Sector Growth Picks Up in January 2025
The au Jibun Bank Japan Composite Purchasing Managers’ Index (PMI) stood at 51.1 in January 2025, confirming earlier flash estimates and improving from 50.5 in December. This marks the third consecutive month of expansion in Japan’s private sector, reflecting the...
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U.S. Job Openings Decline in December 2024,
In December 2024, job openings in the United States fell by 556,000 to 7.6 million, missing market expectations of 8.0 million. This decline suggests a gradual cooling of the labor market as businesses adjust hiring plans amid economic uncertainties. The...
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Goldman Sachs Warning: S&P 500 Could Drop 5% Following Trump’s Tariffs
Goldman Sachs analysts have raised concerns that new tariffs imposed by the Trump administration could cause a 5% drop in the S&P 500 in the coming months. These tariffs are set to impact global trade and corporate earnings, fueling investor...
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Euro Area Inflation Rises to 2.5% in January 2025
The annual inflation rate in the Euro Area increased slightly to 2.5% in January 2025, up from 2.4% in December, surpassing market expectations of 2.4%. This marks the highest inflation rate since July 2024, highlighting ongoing price pressures despite broader...
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Caixin China Manufacturing PMI Shows Slower Growth in 2025
The Caixin China General Manufacturing PMI for January 2025 came in at 50.1, slightly below market expectations and down from December’s 50.5 reading. While this marks the fourth consecutive month of expansion in factory activity, it represents the slowest pace...
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