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 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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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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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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Germany Producer Prices Change
Germany’s economy saw a further decline in producer prices in September 2024, continuing a trend of deflation that has now lasted for over a year. Let’s dive into the specifics of this development and what it means for the broader...
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China Retail Sales
In September 2024, China’s retail sales experienced a strong growth of 3.2% year-on-year, surpassing both the 2.1% rise from August and market forecasts of a 2.5% increase. This marks the highest growth since May, highlighting a resurgence in consumer spending...
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