United States Michigan Consumer Sentiment
The University of Michigan’s U.S. consumer sentiment index rose to 73 in November 2024, marking a seven-month high and coming in above the forecast of 71. This increase highlights rising consumer confidence across multiple economic factors, suggesting an overall positive...
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Canada’s Unemployment Rate Holds Steady at 6.5% in October 2024
In October 2024, Canada’s unemployment rate remained at 6.5%, slightly under market forecasts of 6.6%. This steady rate has eased some concerns over the labor market’s recent slowdown, reflecting a mix of resilience and underlying challenges in employment dynamics across...
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Germany’s Trade Surplus Declines in September 2024
Germany’s trade surplus shrank in September 2024, falling to EUR 17 billion, down from a downwardly revised EUR 21.4 billion in August. This result came in lower than analysts’ expectations, which forecasted a surplus of EUR 20.9 billion. The decline...
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China’s Trade Surplus Hits Record High in October 2024
China’s trade surplus soared to USD 95.27 billion in October 2024, a significant jump from USD 56.13 billion in the same month last year. This was well above the expected surplus of USD 75.1 billion, marking the largest trade surplus...
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Australia’s Trade Surplus Shrinks in September 2024
Australia’s trade surplus on goods experienced a notable decline in September 2024, falling to AUD 4.61 billion from a revised AUD 5.28 billion in August. This figure came in below market expectations, which had anticipated a surplus of AUD 5.30...
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Germany’s Factory Orders Surge in September 2024
Germany’s factory orders saw a significant rebound in September 2024, rising by 4.2% month-over-month, far exceeding market expectations of 1.5%. This follows a sharp 5.4% decline in August, the steepest drop since January. The September increase signals a positive shift...
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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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