Quick Overview Unemployment Claims Dip: Jobless claims fell by 2,000 to 231,000, reflecting a resilient labor market despite high interest rates. Job Market Cooling: Job creation has slowed, with only 114,000 jobs added in July, down from earlier monthly averages. Fed’s Influence: High interest rates are cooling the job market, but inflation is nearing the …
U.S. Jobless Claims Drop to 231,000 Amid High Interest Rates Read More »
Quick Overview Frugality Rises Post-Lockdown: Extended lockdowns in China led to more cautious consumer behavior, reducing demand for luxury goods. Shift to Domestic Brands: Chinese consumers increasingly favor local brands offering quality and value, impacting sales of high-end Western brands. Economic Slowdown: Economic uncertainty and trade tensions have slowed growth, reinforcing frugality and support for …
China’s Consumer Habits Shift Post-Pandemic: A Frugal Turn Read More »
At a Glance Economic Data Boost: Positive economic reports, including easing inflation and strong retail sales, alleviated recession fears. Earnings Surprises: Better-than-expected earnings, especially from Walmart, propelled consumer and tech stocks higher. Market Sentiment Shift: The rapid decline in the Cboe Volatility Index (VIX) reflected a sharp improvement in market sentiment. Tech Stock Surge: The …
S&P 500 Rebounds After Worst August Start in 8 Years Read More »
Quick Look: Major indices fell sharply, with the Dow Jones down 1.2%, the S&P 500 down 1.4%, and the Nasdaq down 2.3%. Meta’s shares rose 4.8% on strong quarterly results, but the increase could not offset the overall market decline. The ISM manufacturing index hit an eight-month low, triggering significant market selling. Utilities and real …
Quick Look: U.S. private sector wages saw their slowest growth in over three and a half years, signalling a potential downward trend in inflation. Interest rate reductions are anticipated in September as inflation cools and economic equilibrium approaches. Labour cost growth slowed to a 0.9% rise last quarter, marking the smallest annual gain since late …
U.S. Labour Costs Rise 0.9% in Q2, Inflation Cools Read More »
Quick Look: US GDP rose by 2.8% in Q2, indicating economic resilience despite high prices and interest rates. Consumers remained active but cautious, affecting labour market dynamics and spending behaviour. Focus on high-growth, productivity-enhancing sectors shows business confidence in long-term benefits. Increased investment in AI technology boosts economic performance but requires careful investment strategies. The …
Unexpected 2.8% GDP Growth in Q2: Economic Implications Read More »
Quick Look: US business activity hit a two-year high in July, with the composite PMI rising to 55 from 54.8 in June. Price increases slowed, with average prices rising at the slowest pace since January. Optimism about a potential Fed rate cut in September grew, bolstering investor confidence. The services sector grew by 56 PMI, …
US Economy Grows 2.5% as Inflation Slows in July Read More »
Quick Look: China aims to modernize industry, expand demand, stimulate growth, curb debt risks, and acknowledge inherent contradictions. The plenum outlined ambitions without detailing resolutions for conflicting goals like boosting consumer spending amidst producer-focused resource allocation. China faces weak domestic demand, deflation risks, property downturn, debt crisis, and higher tariffs, with slow growth in Q2. …
China’s Economic Goals: Tackling 2024’s Complexities Read More »
Quick Look: Fed officials Waller and Williams hint at potential rate cuts amid improving inflation data and cooling the labour market. The Federal Reserve’s benchmark rate has been steady at 5.25-5.5% since last year, with investors expecting cuts before 2024. Former President Trump opposes a pre-election rate cut, arguing it could favour President Biden. The …
Fed Rate Cut Possible as Inflation Nears 2% Target Read More »
Quick Look: Amazon is launching a section for affordable fashion and lifestyle items from Chinese sellers, enhancing direct shipping to US consumers. This initiative counters rising competition from Temu, Shein, and other e-commerce platforms known for low-cost products. The announcement has led to a drop in shares of Chinese e-commerce giants like Alibaba, JD.com, and …
Quick Look: Latin America’s stable inflation and lower interest rates boost consumer spending and investment, aiding retail growth. Traditional retailers enhance products and services to compete with online-only retailers, focusing on customer retention. Retailers balance growth with profitability, optimising logistics and customer relations for sustainable development. FEMSA Comercio, Grupo Comercial, Organización Soriana, and Grupo Coppel …
Latin America’s Retailers Boosted by Economic Growth in 2024 Read More »
Quick Look: Canada’s unemployment rate increased to 6.2%, with 27,000 new jobs added in May. Higher rates contributed to a lower transition from unemployment to employment. Involuntary part-time work rose to 18.2%; youth employment rates declined. Canada’s unemployment rate in May increased slightly to 6.2%, marking a 0.1% increase from the previous month. This minor …
Quick Look: Taiwan’s exports grew by 10.6% in early 2024, driven by AI-optimised consumer electronics. The trade show highlighted AI’s influence on Taiwan’s tech sector, with significant industry participation. Despite positive trade data, Taiwan’s stock market slightly declined, reflecting cautious optimism. Companies like TSMC and AcBel Polytech are innovating to capitalise on the AI boom …
Quick Look: Russia’s GDP is set to grow by 3.2% in 2024, with inflation rates exceeding 7%. Despite sanctions, Russia has diversified its economic partnerships, focusing on the East and the Global South. Russia has redirected oil exports to China and India, bypassing Western price caps. Gazprom faces significant financial setbacks, with a loss of …
Russian Economy Grows by 3.2% Despite Sanctions in 2024 Read More »
Quick Look: ECB Rate Cut: First reduction since 2019, moving away from a pandemic-era hike strategy. Impact on Borrowing: Expected to lower borrowing costs by 0.25%, aiming to stimulate growth. Economic Indicators: May inflation at 2.6%, core inflation at 2.9%, Q1 growth at 0.3%. Market Effects: Likely euro depreciation, a potential boost to stocks, and …
ECB Plans First Rate Cut in 5 Years to Address Economic Issues Read More »
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