December Sees Uplift in British Consumer Confidence: GfK Report
GfK report reveals a positive shift in British consumer sentiment during December, potentially signaling a boost in consumer spending and economic activity.
Economy News
US Natural Gas Stockpiles Drop Significantly, EIA Reports
The EIA reports a significant drop in US natural gas inventories, decreasing by 190 billion cubic feet. Current stockpiles are 165 billion cubic feet above the five-year average.
South Korea Boosts Export Insurance to Support Defense and SMEs Amid K-Defense Surge
South Korea's government increases trade insurance limit by 10 trillion won to support defense industry and SMEs. This move aims to bolster export capabilities amidst a surge in th...
ECB's Lagarde Casts Doubt on 50 Bps Rate Cut in January
ECB President Christine Lagarde doubts a 50 bps rate cut in January, stating her position could change based on future data and assessments. She emphasized the need for clarity on ...
NATO Secretary General Urges Wartime Mindset Amid Global Security Crisis
NATO Secretary General Mark Rutte calls for a wartime mindset, accelerating defense production, and bolstering collective resolve amid the worst global security situation in his li...
US Producer Prices Surge by 0.4% in November: Key Insights
The US Producer Price Index (PPI) increased by 0.4% in November, marking a 3% rise over the past 12 months. The index for final demand services and goods also saw notable increases...
US Jobless Claims Surge: A Closer Look at the Latest Employment Data
The Department of Labor reports a significant increase in US initial jobless claims, reaching 242,000 and surpassing analysts' forecasts. The four-week moving average also climbed,...
ECB Cuts Interest Rates Again: A Bold Move to Tame Inflation
The ECB has announced another 25 basis points cut in key interest rates for the third consecutive meeting, lowering them to 3.00%, 3.15%, and 3.40%. This move aims to bring inflati...
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