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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United States Initial Jobless Claims
In a positive signal for the US economy, jobless claims dropped by 15,000 to 227,000 for the week ending October 19, 2024, marking the lowest level since early October and significantly below market expectations of 242,000. This decline in unemployment...
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United Kingdom Manufacturing PMI
The S&P Global Flash UK Manufacturing PMI fell to 50.3 in October 2024, down from 51.5 in September and below the forecast of 51.4. This decrease marks the second consecutive month of slowing growth, reaching a six-month low for the...
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Germany Manufacturing PMI
Germany’s manufacturing sector saw a slight improvement in October 2024, as the HCOB Flash Manufacturing PMI climbed to 42.6 from September’s 40.6, the lowest point in nearly a year. This uptick beat market expectations of 40.8, but the sector remains...
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Japan Manufacturing PMI
Japan’s manufacturing sector continues to struggle, with the au Jibun Bank Japan Manufacturing PMI falling to 49.0 in October 2024, down from 49.7 in September. This latest figure is not only below market expectations of 49.9 but also marks the...
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