World economy
Nationwide strikes erupt in Israel as hostage deaths kindle pressure for cease-fire deal
Demonstrators lift flags and placards during a protest calling for the release of Israelis held hostage by Palestinian militants in Gaza since October, in Tel Aviv on August 31, 2024, amid the ongoing conflict in the Gaza Strip between Israel and the Palestinian militant Hamas movement. (Photo by Jack GUEZ / AFP) (Photo by JACK […]
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China’s manufacturing output swung back to modest growth in August, private survey finds
Container ships dock to load and unload containers at Qianwan Container Terminal of Qingdao Port in Qingdao, China, on August 29, 2024. Costfoto | Nurphoto | Getty Images China’s factory activity grew modestly among smaller manufacturers last month as export orders offset weakening domestic consumption, according to a private survey. The Caixin/S&P Global manufacturing PMI […]
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What’s stalling China’s stock market recovery, according to KraneShares’ CIO
China’s slow post-Covid recovery could be a lasting headwind for its stock market. With the mainland’s two largest indexes — the Shanghai Composite and the Shenzhen Composite — each negative so far in 2024, KraneShares Chief Investment Officer Brendan Ahern thinks government stimulus is necessary to kick-start the country’s stock market performance. “Investors, particularly in […]
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Europe markets rise ahead of key inflation data
People cross a street in front the headquarters building of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on June 5, 2024. Kirill Kudryavtsev | Afp | Getty Images LONDON — European markets were higher on Friday, the last trading day of August, as investors looked to key inflation data from across […]
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German inflation posts surprise drop to 2% in August
Women with KaDeWe carrier bags walk past the entrance to the Kaufhaus des Westens department store. Jörg Carstensen | Picture Alliance | Getty Images The harmonized German consumer price index eased to 2% in August, coming in lower than analysts had expected, preliminary data from the German statistics office Destatis said Thursday. A Reuters poll […]
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Europe markets to open higher as investors weigh geopolitical risks, UK markets reopen
The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Boris Roessler | Picture Alliance | Getty Images LONDON — European markets are set to open higher on Tuesday as investors weighed geopolitical risks and U.K. markets are due to reopen after being closed on Monday for a national bank […]
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CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images 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, […]
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European markets higher ahead of Powell speech; Nestle down 1.65%
LONDON — European stocks were higher Friday as investors looked ahead to U.S. Federal Reserve Chair Jerome Powell’s speech later in the session from Jackson Hole, Wyoming. The Stoxx 600 index was up 0.26% by 1:23 p.m. London time, with all major bourses and the majority of sectors trading in the green. Utilities stocks rose 0.81%, while tech […]
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No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for foreigners coming to the kingdom to take capital elsewhere. The kingdom’s $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to […]
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CNBC’s Inside India newsletter: The search for a stock market alternative
A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India’s stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images […]
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