Economy News

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 ...

The US Federal Reserve has decided to cut its benchmark rate by 0.25%. This brings the federal funds rate down to 4.5%-4.75%, the lowest since February 2023. This comes after September’s sharper 0.5% cut and reflects a more cautious approach ...

Spain’s economy did well against its eurozone peers with a pleasing 3.4% year-on-year growth in Q3, dwarfing the eurozone average of 0.9%. A lot of this fast growth can be attributed to a pandemic recovery effect, as Spain—heavily reliant on ...

The DAX index ticked up 0.2% on Friday, driven by fresh optimism in Germany’s economic landscape, as investor confidence grew with the first positive shift in business sentiment in six months. Top DAX performers included Daimler Truck Holding AG, with ...

Gold and silver have surged to new highs as demand for safe-haven assets grows, driven by geopolitical risks and economic concerns. Rising tensions in the Middle East, alongside the uncertainty surrounding the upcoming US election, have spurred investors to seek ...

China plans to significantly increase government debt issuance to stimulate economic growth, focusing on subsidies for low-income households, support for the property sector, and capital injections into state banks. The announcement reflects the need to address economic challenges like weak consumer ...