International Economic
Chicago PMI rises more than expected, but downturn continues
The downturn in business activity in the Chicago region eased slightly in September but remained in negative territory for the 10th straight month.
German inflation falls to 1.8% in Sept raising rate cut hopes
German inflation fell more than expected in September to 1. 8%, according to preliminary data from the federal statistics office released on Monday.
China factory activity slumps - PMI suveys
Manufacturing activity in China was still in the doldrums in September as demand for new orders fell, according to official and private surveys published on Monday.
China megacities ease curbs on home buying, PBoC acts again
Three Chinese megacities announced the relaxation of home buying rules in the latest round of measures aimed at boosting the country’s ailing economy, while the central bank said it would ask lenders to lower mortgage rates.
US PCE growth slows to 2.2pc in August
Inflation inched closer towards the Federal Reserve's target last month, according to the Commerce Department, paving the way for future interest rate cuts.
Eurozone economic sentiment weakens in September
Confidence eased across the eurozone in September, an official survey released on Friday showed, as the bloc’s economic recovery struggled to take hold.
Chinese equities rally as Beijing moves to bolster economy
Chinese equities rallied on Friday following a series of moves by Beijing intended to bolster the country’s ailing economy, including a further cut to a key interest rate.
German unemployment holds steady at three-year high
The jobless rate in German was unchanged in September for the fourth straight month, remaining at the highest levels since mid-2021.
Second-quarter US GDP growth confirmed, but historic numbers revised up
US economic activity expanded by 3% year-on-year in the second quarter of 2024, with the US Bureau of Economic Analysis confirming an earlier estimate, though GDP growth calculations from previous years were hiked up.
US initial jobless claims hit four-month low
Americans lined up for unemployment benefits at a decelerated pace in the week ended 21 September, according to the Department of Labor.
German consumer confidence improves, but macro outlook worsens
A survey gauging consumer sentiment in Germany improved more than expected this month, but confidence still remains well below the historic average as declining economic expectations continue to cloud the long-term outlook.
SNB cuts rates by 25 basis points to 1.0%
The Swiss National Bank cut interest rates on Thursday to 1. 0% from 1. 25%, in line with expectations.
China pledges to step up economic support amid fears of slowdown
China’s leadership on Thursday pledges to increase support for the local economy, days after the country's central bank big stimulus measures amid nervousness over a slowdown.
OECD raises UK growth forecast for 2024
The Organisation for Economic Cooperation and Development (OECD) revised its forecast for the UK economy on Wednesday, projecting faster growth than Japan, Italy, and Germany this year.
Sweden's Riksbank trims interest rates
Sweden’s central bank trimmed interest rates on Wednesday, in line with expectations, and said it expected to cut further in the coming months.
China unveils another stimulus measure to stimulate demand
China's central bank on Wednesday slashed it medium-term lending facility from 2. 3% to 2. 0%, marking the largest reduction of interest rates for one-year loans to financial institutions in history.
US consumer confidence drops sharply in September
Confidence levels among US consumers fell by the most in more than three years in September, with the outlook on business conditions turning negative.
US home prices hit record highs, but growth slows
House-price growth in the US slowed in July but still reached another all-time high, according to closely watched S&P CoreLogic Case-Shiller data on Tuesday.
German business sentiment deteriorates more than expected - Ifo
German business sentiment deteriorated more than expected in September, according to a survey released on Tuesday by the Ifo Institute.