NEWSFEED HIGHLIGHTS
- Services PMI: 50.5 (est 52.0; prev 52.3)
- Composite PMI: 50.5 (est 51.8; prev 52.2)
- Services PMI: 53.1 (est 52.8; prev 53.0)
- Composite PMI: 52.4 (est 52.5; prev 52.5)
- Services PMI: 52.7 (est 54.0; prev 54.6)
- Composite PMI: 52.1 (est 53.5; prev 53.9)
FEATURED STORIES
LONDON – Rachel Reeves, the Chancellor of the Exchequer, was dealt another blow ahead of next week’s Autumn Budget as UK GDP slowed in September and weakened over the third quarter.
Data from the Office for National Statistics showed economic activity contracted 0.1% in September, disappointing expectations for a flat reading after August was revised lower to show no growth. Over Q3, GDP rose just 0.1%, two tenths weaker...
Australian unemployment declined in October and the economy added more jobs than anticipated, suggesting the labor market remains tight and vindicating the Reserve Bank’s decision to leave interest rates unchanged last week....
FRANKFURT – Continued unease about Germany’s economic situation has muted investor confidence in Europe’s largest economy despite Berlin’s plans for record spending in the years ahead.
The ZEW thinktank said Tuesday that its November expectations indicator for Germany in the coming half-year slipped to 38.5 points from 39.3 in October, with latest reading also falling short of the market estimate of 41.0.
The...
FRANKFURT – A leading measure of investor confidence in Germany is expected to rise for a fourth straight month on the prospects of record government spending for the country’s military and infrastructure.
An analysts’ poll predicted that the forward-looking economic sentiment reading from a survey conducted by Germany’s ZEW economic institute will improve to 41.0 points from last month’s 39.3.
The...
What had looked like a straightforward decision a few weeks ago now appears far more finely balanced for the Bank of England’s Monetary Policy Committee (MPC).
A majority of analysts polled expect policymakers to keep the Bank Rate unchanged at 4.00% when the decision is announced at midday on Thursday. However, a growing number of experts now see scope for a rate cut.
Most observers believe the...
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