U.S. Retail Sales Rise More Than Expected in November
Retail sales in the U.S. increased by a stronger-than-anticipated 0.7% in November, according to a report released by the Commerce…
Category: News
U.S. Industrial Production Declines in November
The Federal Reserve released data on Tuesday revealing an unexpected 0.1% decrease in U.S. industrial production for November, following a…
Eurozone Industrial Production Stagnates in October
Industrial production in the Eurozone showed no growth in October, as gains in capital goods were counterbalanced by declines in…
British Pound Weakens Amid Economic Contraction and Trade Deficit
The British pound fell against major currencies during Friday’s European trading session following disappointing economic data from the United Kingdom.…
European Central Bank Cuts Interest Rates Amid Growth Concerns
The European Central Bank (ECB) reduced its key interest rate by 25 basis points on Thursday, aligning with economists’ expectations.…
U.S. Producer Prices Rise More Than Expected in November
The Labor Department released a report on Thursday revealing that U.S. producer prices increased more sharply than anticipated in November,…
BOC Cuts Interest Rate by 50bps
The Bank of Canada (BOC) has announced a widely anticipated 50-basis-point interest rate cut, bringing its overnight rate to 3.25%,…
German Manufacturing Orders Declined Beyond Expectation in October
Germany’s manufacturing new orders fell by a smaller-than-anticipated margin in October, driven by a decline in domestic demand, according to…
British Pound Experiences Uptick Amid European Shares Gain
The British pound strengthened against major currencies during Thursday’s European session, buoyed by improved investor sentiment following developments in France’s…
U.S. Service Sector Recorded Slow Growth in November
The Institute for Supply Management (ISM) reported a notable slowdown in U.S. service sector growth for November. The Services PMI…