International Economic
Europe close: Stocks rise, helped by latest inflation and jobs numbers out of Germany
The new-year rally in European shares continued on Tuesday helped by better than expected inflation and labour market data from Germany.
US construction spending rises in November
Outlays on construction in the US grew by more than expected in November even as public sector spending and on residential construction fell.
Ex-Fed's Dudley says US recession likely, but probably will not be severe
An economic recession in the US, while likely, would probably not be severe, a former top Federal Reserve official reportedly said.
German unemployment surprises to the downside in December
Germany's labour market continued to exhibit resilience last month, possibly due in part to companies' reluctance to lay off workers.
US factory conditions deteriorate at fastest pace in over 2 years in December, S&P Global says
Operating conditions in the US manufacturing sector recorded their steepest drop at the end of 2022 since may 2020, revised survey readings showed.
Government subsidies push German CPI sharply lower in December
The rise in the cost of living in Germany at the end of 2022 missed economists' forecasts by a wide margin.
UK factory downturn intensifies in December, S&P Global says
The downturn in UK manufacturing accelerated at the end of 2022, but by less than initially thought, the results of a closely followed survey revealed.
China Caixin PMI falls again as Covid hits supply chains
Chinese factory activity fell again in December as the spike in Covid-19 cases disrupted production after Beijing started dismantling its pandemic curbs, according to a private sector survey published on Tuesday.