Economic events
Stellantis shares slide 8% after CEO departure as broader European markets decline
Euro slides with French government on brink The euro tumbled 0.72% against the U.S. dollar, trading at $1.0497 at 8:40 a.m. in London, as traders monitored political volatility in France. The odds that the fragile government led by Michel Barnier will be toppled in a no-confidence vote by the far-right and a left-wing coalition appeared […]
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Caixin PMI: China’s November factory growth hits five-month high, beats forecasts
A worker grinds at a workshop of an equipment manufacturing company in Qingzhou Economic Development Zone, East China’s Shandong province, March 31, 2023. CFOTO | Future Publishing | Getty Images China’s manufacturing activity continued to expand among smaller manufacturers in November, signaling that the country’s recent stimulus efforts have already helped to lift certain sectors […]
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CNBC Daily Open: November was a month to remember for stocks
A specialist trader works at his post on the floor at the New York Stock Exchange (NYSE) in New York City. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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Asia-Pacific markets rise as investors await key economic readings from the region
A heavy traffic jam with many cars on the road in Chaoyang district in Beijing, China. Sw Photography | Digitalvision | Getty Images Asia-Pacific markets kick-started a data-heavy week higher, with investors awaiting economic readings from several countries, including Japan, South Korea and China. Over the weekend, China released its official purchasing managers’ index reading […]
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Bank of England warns of risks from rise in global trade barriers
Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank’s headquarters in the City of London, UK, on Thursday, Aug. 1, 2024. Bloomberg | Bloomberg | Getty Images The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty […]
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Trump voters could fuel holiday spending, while Harris supporters may pull back
A “Keep America Great” hat tops off a Christmas tree at a “Merry Christmas” rally hosted by President Donald Trump at the Kellogg Arena in Battle Creek, Michigan, Dec. 18, 2019. Scott Olson | Getty Images News | Getty Images Black Friday is poised to take on a new tint of red, white and blue […]
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India’s quarterly growth slumps to a near two-year low, well below expectations
Construction workers in Mumbai, India, on June 5, 2024. Bloomberg | Bloomberg | Getty Images India’s economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low. The print follows 6.7% growth over the previous quarter and is the lowest reading since the last quarter […]
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Barclays prefers Germany over France as it sends ‘bond vigilante’ warning
German blue-chip stocks show more promise than their French counterparts, Barclays’ strategists wrote in a note Friday, saying France has weak “long-term fiscal and growth fundamentals” and a looming risk of bond vigilantes sweeping in. The euro zone’s two biggest economies are both struggling. Germany is battling an ongoing manufacturing downturn that has turned it […]
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Asia markets to open mostly lower as traders assess Tokyo inflation, South Korea manufacturing data
People crossing street in Tokyo’s busy Akihabara downtown area Leopatrizi | Istock | Getty Images Asia-Pacific markets were set to start Friday largely lower with investors assessing November inflation numbers from Japan’s capital of Tokyo and industrial production figures from South Korea. The headline inflation rate in Tokyo came in at 2.6%, a rebound from […]
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CNBC’s Inside India newsletter: The causes and costs of India’s brain drain
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. Four years ago, Keshav Raj graduated with a degree in computer science from the prestigious SRM Institute […]
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