International Economic
German business sentiment deteriorates further in January - Ifo
German business sentiment deteriorated further in January, according to a survey released on Thursday by the Ifo Institute.
China's central bank to trim reserve requirements
China’s central bank is to cut the amount of cash lenders must hold, it was confirmed on Wednesday, the latest move designed to bolster the country’s ailing economy.
Ifo cuts German growth forecasts
A leading economic think tank has trimmed its growth forecasts for Germany, it was confirmed on Wednesday, in response to government plans to cut spending.
Eurozone business activity falls at slowest rate since June - PMI
Business activity in the eurozone fell at the slowest rate for six months in January, according to provisional survey data released on Wednesday, albeit with downturns persisting in both manufacturing and service sectors amid further falls in new business.
Chinese authorities mulling stock market rescue package - report
Beijing is considering a possible rescue package to help bolster China's struggling stock markets, it was reported on Tuesday.
BoJ leaves rates unchanged, cuts inflation forecasts
The Bank of Japan kept interest rates in negative territory as expected on Tuesday, but reduced its forecasts for inflation this year on the back of falling oil prices.
US consumer sentiment at highest since mid-2021
Consumer sentiment rose to its highest in two and a half years in January, according to a closely watched survey released on Friday by the University of Michigan.
US existing home sales drop to lowest level since 1995 - NAR
US existing home sales fell in December to the lowest level since 1995, according to data released on Friday by the National Association of Realtors.
German producer prices fall sharply
German producer prices fell sharply in December, office data showed on Friday, by more than expected.
Japanese inflation cools to 17-month low
Japanese inflation slowed in December to its lowest in 17 months, according to figures released late on Thursday by the government, as energy prices fell and upwards pressure on core consumer prices eased.
Philadelphia Fed manufacturing index rises in January
The Philadelphia Federal Reserve's manufacturing index rose 2. 2 points in January to a reading of -10. 6, an 18th negative reading in the past 20 months, worse than market estimates for a print of -7.
EU new car registrations fall in December as EV sales sink
Car sales in Europe fell year-on-year in December after 16 straight months of growth with new battery-electric car sales declining for the first time since the onset of the Covid pandemic.
US housing starts and building permits beat estimates
US housing starts in the US fell less than expected in December while building permits rose strongly, according to data released on Thursday by the Census Bureau.
US jobless claims fall by 16,000
Americans lined up for state assistance at a decelerated pace in the week ended 18 January, according to the Labor Department.
Eurozone construction registers steepest annual drop in nearly three years
Construction output in the eurozone fell again in November, registering its biggest annual drop in nearly three years, according to data released on Thursday by Eurostat.
NAHB housing market index rises to 44 in January
The National Association of Housebuilders' housing market index rose to 44 in January, up from 37 in the previous month, extending its rebound from a low touched in November and firmly above market expectations for a reading of 39.
US retail sales jump 0.6% in December
US retail sales soared 0. 6% month-on-month in December, according to the Census Bureau, beating forecasts of 0. 4% for the biggest increase in three months.
Eurozone inflation rises, but downward trend expected to resume
The sharp pick-up in eurozone inflation in December was confirmed on Wednesday, according to final estimates from Eurostat, but forecasts suggests price pressures will ease significantly in the coming months – piling pressure on the European Central Bank to cut interest rates.
China GDP just misses estimates, population falls again
China’s economy continued to struggle at the end of last year as it recorded another decline in population and fourth-quarter gross domestic product expanded at 5. 2%, just missing estimates of 5. 3%.
Empire State manufacturing index plummets in January
The New York Empire State manufacturing index fell to -43. 7 in January, according to the Federal Reserve, the lowest reading since May 2020, pointing to a sharp drop in manufacturing activity in the state.