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[l] at 7/12/24 3:00pm
German wholesale prices fell by 0.6% in June compared with the same month last year, according to data released by the federal statistics office on Friday. The office offers more detailed economic data on its website. Which stock should you buy in your very next trade? With valuations skyrocketing in 2024, many investors are uneasy ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
JPMorgan Chase JPM.N beat estimates for second-quarter profit on Friday, as its investment banking business benefited from a resurgence in dealmaking and strong capital market activity. More companies are tapping capital markets to raise funds and striking takeover dealsas they becomeconfident in the U.S. economys ability to avoid a major downturn, helping boost Wall Street ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
U.S. companies releasing quarterly results in the coming weeks face investors who expect no less than stellar growth, with estimates particularly high for Wall Street technology heavyweights such as Nvidia NVDA.O and Microsoft MSFT.O. Stocks have rallied in recent weeks, partly on the view that tech-related megacaps and other U.S. companies can deliver earnings strong ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
The half-time review We made three calls in our 2024 outlook – that inflation would return to the 2% target by May, the UK’s recession wouldn’t deepen, and the Bank of England would start cutting rates in August. So far, those predictions have aged relatively well. A sharp slowdown in food inflation and falling energy ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
Natural disasters in China resulted in 93.16 billion yuan ($12.83 billion) worth of direct economic loss in the first half of this year, the government said on Friday, as the country suffered flooding, drought and extreme temperature. The Emergency Management Ministry said disasters affected 32.38 million people over January-June and led to the disappearance or ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
While investors are still scrambling to get on board the shiniest new mega-trends and what seems like a runaway stock market, a slower-moving juggernaut from the past could well cut across the equity fast lane. One of the biggest supercycles of all the course of nearly $40 trillion of U.S. retirement savings and its ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
Japans top currency diplomat said on Friday authorities would take action as needed in the foreign exchange market, resuming his jawboning after the yens spike overnight raised market speculation about currency intervention. Bank of Japan (BOJ) data released later on Friday suggested Japan may have spent up to 3.57 trillion yen ($22.4 billion) intervening in ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
Momentum to raise wages has been spreading among small and medium firms in Japan this year, reflecting labour shortages and efforts to help employees tackle an inflationary squeeze, a central bank survey showed on Friday. According to the Bank of Japans survey on regional small and medium firms, labour shortages are now perceived as being ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
Indias industrial output INIP=ECI grew at a stronger-than-expected 5.9% year-on-year in May amid a higher growth in the mining and electricity sectors, government data showed on Friday. Economists polled by Reuters had expected growth of 4.9%. Industrial output grew 5% in April. Electricity generation in May was up 13.7%, compared with a 0.9% rise a ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
Citigroups profit rose in the second quarter, boosted by a 60% jump in investment banking revenue and gains in its services division, sending the banks shares up 2% before the bell. Net income climbed to $3.2 billion, or $1.52 per share, in the three months ended June 30, the third largest U.S. lender said on ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
Ukraines economy grew 4.1% in the first half of 2024 from a year earlier, the economy minister said on Friday, although growth slowed in June due to electricity shortages caused by Russian attacks. As the war with Russia continued, Russian troops stepped up long-range strikes on Ukraines grid this spring, knocking out batches of thermal ...

[Category: World Economy News]

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[l] at 7/12/24 3:00pm
The Euro 2024 football championships are almost at an end. On Sunday, Spain and England will compete for the title. And the ups and downs, the drama and the histrionics of the past four weeks, in some ways, mirror the performance of the global economy. So, as a football fan and manager of all things ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 7/12/24 3:00pm
Chinas exports grew at their fastest in fifteen months in June, suggesting manufacturers are front-loading orders ahead of tariffs expected from a growing number of trade partners, while imports unexpectedly shrank amid weak domestic demand. The mixed trade data keeps alive calls for further government stimulus as the $18.6 trillion economy struggles to get back ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 7/12/24 3:00pm
The half-time review Back in December, we were forecasting a swift slowdown in US growth that would allow inflation to hit 2% in the second half of the year and offer the Fed scope to cut interest rates by 150bp. The economy has certainly cooled, with the rate of consumer spending growth halving from the ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 7/12/24 11:00am
U.S. consumer sentiment ebbed in July, but inflation expectations over the next year and beyond improved, a survey showed on Friday. The University of Michigans preliminary reading on the overall index of consumer sentiment came in at 66.0 this month, compared to a final reading of 68.2 in June. Economists polled by Reuters had forecast ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 7/12/24 11:00am
U.S. producer prices increased moderately in June, further confirmation that inflation had resumed its downward trend and strengthening the case for a September interest rate cut. The producer price index for final demand rose 0.2% last month after being unchanged in May,the Labor Departments Bureau of Labor Statistics said on Friday. Economists polled by Reuters ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 7/12/24 11:00am
President Joe Biden faced more calls from fellow Democrats to abandon his re-election bid on Friday, following a news conference in which he delivered nuanced responses but occasionally stumbled over his words. It was unclear whether Bidens performance would convince doubters in his party that he is their best bet to defeat Republican Donald Trump ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 7/12/24 11:00am
Chinese bank lending jumped less than expected in Junewhile some key money gauges hit new record lows, data showed on Friday, even as the central bank affirms a supportive monetary policy stance for the shaky economy. The money and credit data, released by the Peoples Bank of China (PBOC), added to concerns over weak demand ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 7/12/24 11:00am
The bioeconomy is emerging as a transformative force for sustainable development, leveraging biological resources and innovative technologies to address global environmental challenges. By integrating advances in biotechnology and digital tools with circular economy principles, the bioeconomy offers solutions that not only mitigate environmental impacts, but also drive economic growth and societal well-being. In essence, the ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 7/12/24 11:00am
Chicago Federal Reserve Bank President Austan Goolsbee said the U.S. economy looks like it is back on track to 2% inflation after a bump up earlier this year, suggesting he is gaining confidence the time will soon be ripe to cut interest rates. My view is, this is what the path to 2% looks like, ...

[Category: World Economy News, Πρώτη σελιδα]

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[l] at 7/12/24 4:00am
Subdued inflation throughout The June consumer price inflation report is surprisingly soft and should go some way to boosting the confidence of individual FOMC members that inflation is on the path to the Federal Reserve’s 2% target. Headline CPI fell 0.1% month-on-month rather than rise 0.1% as predicted while core CPI came in at +0.1% ...

[Category: World Economy News, Πρώτη σελιδα]

As of 7/13/24 5:55am. Last new 7/12/24 12:50pm.

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