Quick Look Germany’s DAX Index edges up by a mere 0.02% on Monday, hinting at market cautiousness. Key economic data releases slated for this week include inflation figures, economic sentiment indicators, and labour market information. Daiwa Capital Markets predicts a significant moderation in inflation rates across various sectors. Corporate developments see Global Telco AI Alliance’s …
Quick Look Asia’s markets open with mixed expectations amid key economic data anticipation. Japan’s Nikkei 225 Index hits a historic peak, reflecting strong investor confidence. China’s CSI 300 Index extends gains, while South Korea’s Kospi faces setbacks. Global trade policies, including Trump’s tariff proposals, pose potential challenges. Upcoming trade meetings in Abu Dhabi to discuss …
Nikkei Peaks, CSI Gains Amid Global Economic Tensions Read More »
Quick Look The S&P Global composite index indicates a slight economic expansion in February, with manufacturing output at a ten-month high. GDP growth is projected at 2% annually, signalling continued economic expansion. Fed officials highlight optimism and caution, pointing to geopolitical risks and inflation concerns. Mortgage rates have reached a new high since mid-December, potentially …
Quick Look Eurozone’s composite PMI rose to 48.9 in February, hinting at a less severe economic downturn. France and Germany’s PMI figures reflect ongoing economic contractions, with France showing slight improvement. Manufacturing output continues to decline, while service sector inflation raises concerns. Germany faces a technical recession, with growth forecasts significantly cut. Upcoming economic data …
Eurozone’s PMI at 48.9: Signs of Economic Resilience Read More »
Quick Look Hong Kong introduces a revised Capital Investment Entrant Scheme (CIES). It is targeting individuals, with a minimum investment threshold set at HK$27 million. The scheme aims to reinforce Hong Kong’s status as Asia’s leading financial hub. Leveraging the fast-growing wealth in the Greater Bay Area (GBA). Over 9,000 businesses with overseas/China parent companies …
Hong Kong’s $27M Investment Scheme Targets Global Wealth Read More »
Quick Look Russia’s GDP is on the way to grow by 2.6% in 2023, surpassing previous years’ forecasts. The defence and security budget in 2024 constitutes 40% of total expenditure amid rising inflation and labour shortages. Economic resilience is attributed to strategic preparation for financial sanctions and lucrative oil and gas earnings. Sanctions have led …
2.6% GDP Growth: Russia Defies Sanctions in 2024 Read More »
Quick Look China exceeded its modest growth target by over 5% last year. The crisis in the property market, subdued exports, and regulatory pressures on private sectors mark key challenges. Record withdrawals by international investors from Chinese stocks signal waning confidence. Deflation streaks and high debt-to-GDP ratios underline systemic economic pressures. Government strategies aim at …
China’s Economy Surges 5%: A Dragon’s Challenge Ahead Read More »
Quick Look Japan and the UK entered technical recessions with negative GDP growth for two consecutive quarters. Germany’s economy also reports consecutive quarterly declines in GDP. China’s economic slowdown, particularly in its property sectors, raises concerns. The U.S. economy showcases resilience with strong credit-driven consumption despite a decline in January retail sales. The global energy …
Divergent Global Recoveries: U.S. Thrives, Others Struggle Read More »
Quick Look Japan now ranks as the world’s fourth-largest economy, trailing behind Germany. The country’s GDP contracted in the last quarter of 2023, with an annual shrinkage of 0.4%. Economic growth slowed to 1.9% in 2023, with expectations of further deceleration to 0.5% in 2024. A weakening yen and decreased private consumption have significantly impacted …
Japan Slips to 4th in Global Economy, GDP Shrinks 0.4% Read More »
Quick Look A Senate deal to enhance border security and manage immigration faces obstacles from House Republicans. The Congressional Budget Office (CBO) forecasts a labour force boost of over 5 million from immigration over the next decade. Immigration might contribute nearly $7 trillion to the GDP and $1 trillion in federal revenue within the same …
5M Labour Boost & $7T GDP Surge: Immigration’s Impact Read More »
Quick Look The EU bank crisis fund has now reached its target of €78 billion, ceasing yearly bank contributions. Initially bolstered by €68 billion of public funds pending Italy’s approval, the total capacity hits €145 billion. Despite the fund’s growth, concerns linger over its adequacy for major bank crises. Therefore referencing past financial rescues like …
€145B EU Crisis Fund Ready Amid New Banking Risks Read More »
Quick Look Eurozone inflation declines slightly to 2.8%, with core inflation at 3.3%. Eurozone GDP growth is forecasted at 0.4% for 2024, with a historically low unemployment rate of 6.4%. The ECB may cut rates by 25 basis points in June, eyeing a cautious monetary easing. The US continues to show strong GDP and job …
Eurozone Inflation Hits 2.8%, GDP Growth at 0.4% Read More »
Key Points Russia’s economy grew 3% in 2023, with projections of 2.6% in 2024 and a slowdown to 1.1% in 2025. Nearly a third of Russia’s 2024 budget will fund military expenditures, highlighting a significant rise in defence and security spending. January’s budget deficit was a low 0.2% of GDP, thanks to a 76.6% revenue …
Russia’s 3% Growth, Defense Spending Surge in 2024 Read More »
The US and China embarked on a series of high-level economic discussions spearheaded by US Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng. The establishment of the Economic Working Group in September 2023 aims to address trade imbalances, tariffs, and global economic policies. Concerns over China’s industrial overcapacity and its dominance in the …
US-China Talks: Bridging Economic Gaps in 2023-2024 Read More »
Quick Look Stock markets in China’s economy plummet, signalling waning investor confidence. Beijing’s denial of economic problems hinders tackling structural challenges. Disparity observed between official Chinese data and actual economic indicators. Rhodium Group’s analysis highlights gaps in China’s economic narrative. US-China economic talks: A crucial step for global economic stability. China’s economic situation post-pandemic has …
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