GDP

Dollar steady but remains vulnerable after Fed steer

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Dollar steady but remains vulnerable after Fed steer

Woman holds U.S. dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights SINGAPORE, Nov 6 (Reuters) – Major global currencies were steady early on Monday but seemed poised to extend last week’s uptrend as the dollar nursed its losses after the Federal Reserve dialled down its hawkish rhetoric. The … Read more

New orders lift Saudi non-oil business activity growth to 4-month high-PMI

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New orders lift Saudi non-oil business activity growth to 4-month high-PMI

DUBAI, Nov 5 (Reuters) – Growth in non-oil business activity in Saudi Arabia accelerated for a second consecutive month in October, a survey showed on Sunday, with new orders supporting an overall expansion in activity which led to a sharp rise in employment levels. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index rose … Read more

US labor market loosens as job gains slow, unemployment rate hits 3.9%

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US labor market loosens as job gains slow, unemployment rate hits 3.9%

Nonfarm payrolls increase 150,000 in October Auto strikes reduce payrolls by 33,000 jobs Unemployment rate rises to 3.9% from 3.8% Average hourly earnings gain 0.2%; up 4.1% year-on-year WASHINGTON, Nov 3 (Reuters) – U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit’s “Big Three” car … Read more

Stock Market Correction 2023: Causes

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Stock Market Correction 2023: Causes

Index Definitions S&P 500 Index: The Standard & Poor’s (S&P) 500 Index tracks the performance of 500 widely held, large-capitalization US stocks. Risk Considerations Equity securities may fluctuate in response to news on companies, industries, market conditions and general economic environment. The value of fixed income securities will fluctuate and, upon a sale, may be … Read more

Euro-Zone Inflation Sinks to Two-Year Low as Economy Contracts

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Euro-Zone Inflation Sinks to Two-Year Low as Economy Contracts

Euro-area inflation eased to its lowest level in more than two years as the bloc’s economy shrank following an unprecedented ramp-up in interest rates. Consumer prices rose 2.9% in October — down from the previous month’s 4.3% and better than the 3.1% median estimate in a Bloomberg survey analysts. In a separate release, Eurostat said … Read more

Dollar eases as month-end flows weigh; eyes on Fed and BOJ

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Dollar eases as month-end flows weigh; eyes on Fed and BOJ

U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing Rights NEW YORK, Oct 27 (Reuters) – The dollar edged down against a basket of currencies on Friday, pulled down by portfolio rebalancing, but was on track to end the week … Read more

Global Economy Latest: Yellen Sees a Strong US Economy

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Global Economy Latest: Yellen Sees a Strong US Economy

I’m Chris Anstey, a senior economics editor in Boston, and today I’m looking at Janet Yellen’s take on the yield surge. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so … Read more

US economy grows at faster rate in nearly 2 years

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US economy grows at faster rate in nearly 2 years

The US economy heated up more than expected in the third quarter, government data showed on Thursday, as a resilient job market helped boost consumer spending, holding off the prospect of a recession. A US flag flies at half-staff.(Bloomberg) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Analysts have raised fears of a downturn as the US central bank … Read more