Canada’s Unemployment Rate Hits 7% in May 2025
Canada’s labor market showed signs of strain in May 2025, with the unemployment rate climbing to 7.0%, up from 6.9% in April. This marks the highest unemployment level since September 2021 — nearly four years ago — and exceeded economists’...
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Germany’s Trade Surplus Plummets in April 2025
Germany’s trade surplus took a sharp dive in April 2025, dropping to €14.6 billion, a significant fall from the revised €21.3 billion in March. This figure also missed market expectations of €20.2 billion — marking the lowest surplus since October...
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Canada’s Ivey PMI Dips Below 50 Again in May
Canada’s economy showed mixed signals in May, as the Ivey Purchasing Managers Index (PMI) ticked up to 48.9, up from April’s 47.9 — but still below the neutral 50 mark, indicating continued contraction for the second time since January. Interestingly,...
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Bank of Canada Holds Rate at 2.75% Amid Trade Uncertainty
The Bank of Canada (BoC) opted to keep its benchmark interest rate steady at 2.75% in its June 2025 meeting. This marks the second consecutive hold, following seven straight rate cuts totaling 225 basis points earlier this cycle. What Drove...
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ECB Kicks Off Rate Cuts with a 25 Basis Point Move
In a highly anticipated move, the European Central Bank (ECB) has lowered its key interest rates by 25 basis points, marking the first step in a cautious shift away from its long-standing tightening cycle. This decision, made during the ECB’s...
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Surprise Rebound in German Factory Orders in April 2025
Germany’s factory orders unexpectedly rose in April, defying market expectations and signaling a mixed but resilient outlook for the country’s manufacturing sector. Key Figures 📊 Factory Orders Overview Category Change Computer, Electronic & Optical Products 🔺 +21.5% Aircraft, Ships &...
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Eurozone Inflation Falls Below ECB Target Since 2024
Euro area inflation cooled more than expected in May 2025, offering the strongest signal yet that the European Central Bank (ECB) could soon begin lowering interest rates. This significant reduction in Eurozone inflation, as reported by Eurostat, saw annual inflation...
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China’s Manufacturing Slips: Caixin PMI Drops Sharply in May
China’s manufacturing sector hit an unexpected bump in May 2025 as the Caixin Manufacturing PMI fell to 48.3, signaling the first contraction in eight months and the sharpest drop since September 2022. This surprise dip raises fresh concerns about the...
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Australia’s Central Bank Cuts Interest Rate
On May 2025, the Reserve Bank of Australia (RBA), which is Australia’s Central Bank, surprised markets by cutting the official cash rate by 25 basis points, bringing it down to 3.85%: the first rate cut since January 2025 and the...
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Continued Decline in U.S. Manufacturing PMI
The U.S. manufacturing sector is showing increasing signs of stress as the latest ISM Manufacturing PMI data for May 2025 reveals a third consecutive month of contraction. This ongoing weakness in the U.S. Manufacturing PMI reflects broad concerns about production,...
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