Donald Trump has signed a memorandum on inflation and multiple orders aimed at lowering energy prices, but his advisers have offered few details on the policies. During a press call, incoming White House advisers pledged that Trump would pursue an “all of government approach” to bringing down costs for American …
Read More »Germany’s Foreign Trade Sector Braces for Sales Decline in 2025 Amid Economic Challenges
The German trade association BGA has painted a bleak outlook for the country’s foreign trade sector in 2025, with an anticipated 2.7% decline in turnover compared to 2024. Nearly 80% of businesses involved in foreign trade are expecting a further drop in sales this year, reflecting a challenging economic climate. …
Read More »Financial Markets Weekly Reap: Q4 Earnings, CPI In Focus
Wildfires Ignite Inflation Fears as Economic Headwinds IntensifyThe recent wildfires in Los Angeles have ignited concerns beyond the immediate human and environmental toll. Economists warn that these infernos will not only scorch the land but also fan the flames of inflation, further complicating the Federal Reserve’s fight to bring prices …
Read More »Dollar Faces Weekly Decline Ahead of Trump’s Inauguration Amid Rate Speculation
The U.S. dollar steadied on Friday but was set to break its six-week winning streak as investors reassessed the Federal Reserve’s monetary policy path and looked ahead to the inauguration of President-elect Donald Trump next week. Dollar Dips on Fed Rate Cut Expectations The dollar index, which measures the greenback …
Read More »Global Markets Surge Amid Inflation Relief and Robust Earnings
Global markets rallied on Thursday, continuing the momentum sparked by Wednesday’s encouraging U.S. inflation data and strong corporate earnings across multiple sectors. Key Highlights Earnings Boost Confidence Richemont (SIX:CFR): Shares of the luxury goods maker soared 17%, marking its best single-day performance in 17 years, following results that exceeded expectations. …
Read More »UK Economic Output Rises Slightly in November, Falling Short of Expectations
Britain’s economic output edged up by 0.1% in November compared to October, marking the first increase in three months. However, the rise was below the 0.2% expansion predicted by economists in a Reuters poll, according to data released Thursday by the Office for National Statistics. The modest growth followed two …
Read More »US Inflation Aligns with Expectations as Core Prices Ease
US consumer prices rose in line with expectations in December, while an underlying measure was slower than anticipated. This closely-watched gauge of inflation could influence the Federal Reserve’s interest rate policy plans in the coming months. The headline consumer price index (CPI) increased by 0.4% in December, slightly higher than …
Read More »Germany’s Economy Contracts for the Second Consecutive Year in 2024
Germany’s economy contracted by 0.2% in 2024, marking its second consecutive year of decline after a 0.3% contraction in 2023, according to data released by the Federal Statistics Office. The economy also shrank by 0.1% in the final quarter of the year, showing limited signs of recovery amidst ongoing economic …
Read More »UK Inflation Eases in December, Offering Scope for Potential Rate Cuts by the Bank of England
UK inflation data for December came in cooler than expected, providing some relief to policymakers at the Bank of England (BoE) ahead of their February meeting. The figures suggest a window for the central bank to consider reducing interest rates, especially as the economy continues to face challenges. Key Inflation …
Read More »US Producer Prices Rise at a Slower Pace in December, Hinting at Easing Inflation Pressures
Producer prices in the U.S. increased at a more moderate pace in December, suggesting a potential easing of inflationary pressures that could influence the Federal Reserve’s monetary policy decisions in 2024. Key Highlights PPI Growth: The Producer Price Index (PPI) for final demand rose 0.2% month-on-month, below November’s 0.4% increase …
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