Economic events
Asia markets set to fall as inflation worries may impede Fed rate cuts; China inflation data in focus
Customers shopping for vegetables at a supermarket in Nanjing, China. Nurphoto | Nurphoto | Getty Images Asia-Pacific markets were set to fall Thursday after U.S. stocks ended a choppy session slightly higher as the Federal Reserve meeting minutes signaled interest rates could stay higher for longer due to sticky inflation. Investors in Asia also await […]
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European markets expected to open broadly lower as traders assess the region’s economic outlook
European markets are expected to open broadly lower Wednesday as traders assessed the region’s economic outlook. The U.K.’s FTSE 100 index is expected to open 4 points lower at 8,242, Germany’s DAX down 40 points at 20,308, France’s CAC down 22 points at 7,477 and Italy’s FTSE MIB down 83 points at 34,922, according to data […]
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Cracks appear in UK housing market as home prices fall for first time in 9 months
Housing surveyors have reported the largest fall in new buyer inquiries in October since the financial crisis, excluding the period during the Covid-19 lockdowns. Isabel Infantes | Afp | Getty Images LONDON — U.K. house prices fell for the first time in nine months in December, as the country’s Budget and higher mortgage rates dampened […]
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Asia-Pacific markets rise after tech rally lifts Wall Street higher
Workers are processing chips at a workshop of an optoelectronic technology company in Huai’an, China, on May 11, 2024. Costfoto | Nurphoto | Getty Images Japan’s Nikkei 225 rebounded after leading losses in Asia on Monday, climbing 0.77%, while the broad-based Topix gained 0.45%. South Korea’s Kospi advanced 0.97%, with chip heavyweights Samsung Electronics and […]
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Asia markets poised to open mixed ahead of key business activity readings from China and India
Investors are also watching the market reaction in China after the PBOC said over the weekend it would implement a “moderately loose” monetary policy in 2025. Source
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Paris faces uncertain 2025 as Macron admits snap elections destabilized France
French President Emmanuel Macron delivering his televised New Year’s address to the nation from the Elysee Palace in Paris on Dec. 31, 2024. Kiran Ridley | Afp | Getty Images As France enters the new year, there’s little hope that the political and economic uncertainty that’s been plaguing the euro zone’s second-largest economy for months […]
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Trump tariffs pose a greater threat to South Korea’s economy than domestic political chaos, BOK official suggests
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images Risks posed by South Korea’s political turmoil to its economy could subside within half a year, but external pressures owed to possible tariffs on the country’s exports to the U.S. are “troublesome,” a key Bank of Korea […]
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Get your house in order, Europe — or face ‘ongoing decline,’ economists warn
German Chancellor Olaf Scholz welcomes French President Emmanuel Macron before a private dinner at the “Kochzimmer” restaurant in Potsdam outside Berlin, Germany, June 6, 2023. Michael Kappeler | Pool | via Reuters It’s been a topsy-turvy last year for the euro zone with its largest economies, Germany and France, seeing political and economic turbulence that […]
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Singapore economy grew 4.0% in 2024, advance estimate shows
Buildings in the central business district in Singapore, on Wednesday, Feb. 14, 2024. Singapore’s economy expanded by a slightly more modest pace than initially expected in 2023, as manufacturing activity contracted and services growth slowed. Nicky Loh | Bloomberg | Getty Images Singapore’s economy grew 4.0% in 2024, accelerating from 1.1% growth in 2023, preliminary government data showed on […]
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China’s December factory activity growth misses expectations as experts decry insufficient stimulus
A worker welds at an agricultural machinery manufacturing enterprise in Qingzhou Economic Development Zone in Qingzhou, China, on August 31, 2024. Costfoto | Nurphoto | Getty Images China’s factory activity growth in December missed analysts’ expectations Tuesday, signaling that Beijing’s stimulus measures were not sufficient to meaningfully boost the country’s ailing economy. The country’s official […]
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