International Economic
China unveils stimulus package to bolster flagging economy
China's central bank unveiled a raft of cuts to reserve requirements and lending rates, including for existing home loans, as it tried to stimulate the country’s stagnant economy.
RBA holds rates, hawkish stance as underlying inflation persists
Australia's central bank held interest rates and maintained its hawkish stance, saying policy would have to stay tight to combat stubborn underlying inflation.
US composite PMI slows as election uncertainty hits confidence
The expansion of business activity in the US private sector eased slightly in September, as robust growth in services was met with the steepest contraction in manufacturing for 15 months.
PBoC injects CNY 235bn into economy, lowers 14-day repo rate
The People’s Bank of China injected around CNY 234. 6bn (£25. 05bn) into the banking system on Monday - the first such infusion in months - as it lowered the 14-day reverse repurchase rate.
Eurozone business activity contracts as manufacturing downturn continues
Business activity across the eurozone unexpectedly contracted this month, according to preliminary estimates released on Monday by S&P Global and Hamburg Commercial Bank, marking the first decline in seven months due to a sustained reduction in new orders.
PBOC holds rates steady despite weakening recovery
The People's Bank of China defied expectations to keep benchmark interest rates unchanged on Friday despite calls to ease policy in the face of a weak economic recovery.
Bank of Japan leaves interest rates unchanged
Officials at the Bank of Japan decided to leave interest rates unchanged on Friday, as the central bank upgraded its few on consumption and signalled greater confidence in the economic recovery.
German industrial producer prices fall 0.8% in August
German industrial producer prices fell 0. 8% in August year on year due to lower energy costs, official data revealed on Friday.
US existing home sales fall despite declining mortgage rates
Existing US homes sales fell to a 10-month low in August despite a fall in mortgage rates during the month, according to data published on Thursday, although mortgage applications pointed towards a pick up this month and October.
Philly Fed manufacturing index unexpectedly turns positive
Manufacturing activity in the Philadelphia region unexpectedly expanded in September after contracting sharply the previous month, though current indicators for the industry still remain mixed.
US initial jobless claims fall to four-month low
Americans lined up for unemployment benefits at a decelerated pace in the week ended 14 September, according to the Labor Department, beating market expectations.
EU auto industry calls for 'urgent relief measures' as electric car sales plummet
European automakers have called on governments for "urgent relief measures" before new emissions targets for cars and vans come into effect next year, as sales of battery-electric vehicles (BEVs) across the region continue to fall.
Norway's central bank holds interest rates steady
Norway's central bank kept interest rates unchanged at a 16-year high of 4. 5% on Thursday but said it intends to launch a rate cutting programme during the first quarter of 2025.
Federal Reserve cuts rates by 'timely' 50bp, Bowman dissents
The US central bank surprised markets with a half percentage point interest rate cut.
US housing starts surge in August
US housing starts surged 9. 6% month-on-month in August to an annualised rate of 1. 35m, according to the Census Bureau, beating market expectations for a reading of 1. 31m.
Eurozone inflation confirmed at 2.2% in August
Inflation in the eurozone fell to 2. 2% in August from 2. 6% a month earlier and confirming a flash estimate two weeks ago, according to official data published by the European Union on Wednesday.
US industrial production rises more than expected
US industrial production bounced back in August, rising much more than economists had expected, according to data released on Tuesday by the Federal Reserve.
US retail sales unexpectedly inch higher
Retail sales unexpectedly rose in August, though growth was only minor suggesting that consumers remained cautious about spending in light of tough economic conditions.
German investor sentiment deteriorates more than expected - ZEW
German business sentiment deteriorated more than expected in September, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Daily Mail, Sun cut US editorial jobs
Two of Britain's largest newspaper publishers, News UK and DMGT, are implementing significant job cuts in their US digital operations, it emerged on Friday.