Economy news

Asian markets saw mixed performances Thursday, with China leading declines after a disappointing December manufacturing PMI reading. The Caixin/S&P Global manufacturing index slipped to 50.5, missing forecasts of 51.7, and down from November’s 51.5. The official PMI also came in ...

Bitcoin was the star performer of 2024, driven by the launch of exchange-traded funds (ETFs) and hopes for a regulatory boost under a new U.S. administration. The cryptocurrency skyrocketed from $40,000 in January to a peak of over $108,000 in ...

French stocks, led by the CAC 40 index, are heading toward their worst annual performance since the 2007-2008 financial crisis. Weighed down by a slowing luxury sector, political instability, and economic challenges, French equities have struggled to keep pace with ...

European markets face another challenging year in 2025, with political turbulence at home and external pressures from the U.S. and China weighing heavily on performance. The Euro Stoxx 600 has managed a modest 7% gain this year, yet sectors like ...

China’s industrial profits fell 7.3% year-on-year in November, marking a fourth consecutive monthly decline. While the drop highlights ongoing challenges, it was less severe than October’s 10% decline and September’s steep 27.1% slump, the sharpest since March 2020. The data ...

Germany’s consumer climate remains deeply pessimistic, even as the GfK Consumer Confidence Index inched up to -21.3 in January from December’s -23.1. This modest improvement, though better than the expected -22.5, confirms the fragile state of Europe’s largest economy. Income expectations ...

The Dow Jones Industrial Average has stumbled through nine consecutive losing sessions, marking its longest slide since 1978. The drop is 3.5%, or 1,582 points, from its recent high above 45,000 in early December.Driving the Dow’s decline are specific underperformers ...

The Eurozone’s GDP growth reached a two-year high in Q3 2024, driven by household and government expenditures. According to Eurostat, the region’s economy expanded by 0.4% quarter-on-quarter, doubling the 0.2% growth in Q2. Annual growth climbed to 0.9%, up from ...

India’s economy grew by 5.4% in the second fiscal quarter ending September, marking its slowest pace in nearly two years. This figure fell well below expectations, with economists forecasting 6.5% growth and the Reserve Bank of India (RBI) predicting a ...

U.S. President-elect Donald Trump’s proposed 25% tariffs on Canadian and Mexican imports could reshape North American trade dynamics, with industry experts warning of significant economic repercussions, particularly for the energy sector.Canadian crude exports to the U.S. reached a record 4.3 ...

Singapore’s inflation rate slid to just 1.4% in October, its lowest level since March 2021, surprising markets that had expected a rate of around 1.8%. This figure presented a significant drop from September’s 2% as car prices declined and rent ...

Brazil and China have taken their partnership to new levels as Presidents Luiz Inacio Lula da Silva and Xi Jinping recently signed nearly 40 trade and development agreements in the Brazilian capital,Brasília. The deals cover technology, trade, and environmental initiatives, ushering ...

UK inflation surged to 2.3% in October, its highest in six months, as rising energy bills led to a jump in consumer prices. This unexpected leap from September’s 1.7% was more than the Bank of England's 2% target and dampened ...

Global olive oil prices, which hit record highs earlier this year, are expected to drop by as much as 50% in the coming months, according to Spain's Deoleo, the world’s largest olive oil producer. This anticipated decline follows a turbulent period ...

European mining stocks declined steeply this week, mostly because of a surge in the US dollar and lukewarm details from China’s latest stimulus measures. After Donald Trump's victory in the US presidential election, the dollar soared, putting significant pressure on ...