Romania's 2024 Draft Budget: No Tax Hikes, More Growth
| 4 min read
Romania's coalition government projects a 3.4% economic growth and no tax increases in their draft budget for 2024, despite fiscal concerns.
Canada's Housing Market Dips: A 22% Drop in November Starts
| 4 min read
With a drop to 212,624 units in November, Canadian housing construction faces a steep downturn amidst a labor shortage.
Olympic Pipeline’s Restart Post Gasoline Leak: Analysis
The tragic Olympic Pipeline leak resulted in wildlife losses and economic ripples, with gasoline prices jumping slightly under January futures rates.
Eurozone Sees a Sharp Rise in Wages: Inflation Concerns Surface
| 4 min read
During the third quarter of 2023, wage growth in the Eurozone reached a notable 5.3% year-on-year, marking a clear uptick from the previous quarter.
Oil Prices Climb as Fed Shifts Policy and Dollar Weakens
| 4 min read
Despite the IEA's forecast for lower demand in 2024, production increases in the US, Brazil, and Guyana may offset output cuts from OPEC+.
Fed's Rate Cut Indications Spark Major U.S. Market Surge
The Federal Reserve's latest policy decision to leave interest rates unchanged has fueled a jump in U.S. stock index futures and optimism in markets.
Fed's Rate Policy Affects Treasury Yields Amid Economic Data
| 5 min read
New York Fed President John Williams' view on rate cuts led to speedy reactions in the Treasury markets, hinting at the Fed's future actions.
Sharp Decline in Housing Starts Shakes Canada's Market
Economists were caught off guard by the severe 22% drop in Canadian housing starts, signaling a market cooldown in construction economy.
India's Trade Gap Shrinks in Nov 2023: Insights Revealed
Despite global economic challenges, India's Nov 2023 trade figures surpassed expectations with a deficit lower than the predicted USD 23.60 billion.
China Real Estate Downturn: 5 Months of Declining Prices
The downward trend in China's housing market signals challenges for the world's second-largest economy, with a 0.3% dip in November.
Philippines Holds Interest Rate at 6.50% Amid Inflation
Amidst rising inflation, the Central Bank of the Philippines keeps its key interest rate at a steady 6.50%, reflecting a cautionary stance.
Empire State Manufacturing Index Dips to -14.5 in December
| 3 min read
Shipments and new orders in NY manufacturing see downturns, pointing towards a broader trend of reduced purchasing by consumers and businesses.
Fed's John Williams Warns Against Hasty Interest Rate Cuts
| 4 min read
The market reacts to potential rate cuts but the Fed, along with the ECB, indicates a measured approach in their latest monetary policies.
Bank of Russia Raises Interest Rate to 16% Amid Inflation
| 4 min read
Following the central bank's rate decision, the rouble's value fluctuated, reflecting the complex interplay of economic forces in Russia.
Metal, Paper, Digital: The Dynamic History of Money
| 4 min read
The concept of money has been integral to human civilization, evolving from a simple barter system to sophisticated financial instruments.
Retirees and the Job Market: Facing Inflation and Ageism
| 4 min read
Many retirees find themselves at a crossroads, contemplating a return to work influenced by loneliness and financial pressures.
Cap on Interchange Fees: How It Impacts UK-EU Transactions
| 4 min read
Mastercard and Visa could see a cap on their fees for cross-border transactions, with rates set at 0.2% for debit and 0.3% for credit.
Is the Trend of Soaring Prices Finally Ebbing Away?
| 5 min read
The Consumer Price Index's slight increase in November brings hope for economic calming and signals potential steady interest rates.
China's Struggle to Hit Economic Expectations in Lending
| 4 min read
Despite positive signs in lending growth, China's latest economic figures reveal a mixed picture for the post-pandemic recovery.
Chinese Markets Dip Post-Economic Conference Outcomes
Following the economic work conference, China's stock market saw a downturn with the CSI 300 and Hang Seng indexes falling by up to 0.9%.