Global Economy
U.S. Inflation Slows to 2.5% in August as Energy Prices Drop, Rate Cut Likely
In August 2024, headline inflation in the United States slowed to 2.5% year-on-year (y/y), down 40 basis points from July’s...
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European Central Bank Eases Rates by 25bps Amid Slower Economic Growth
At its September policy meeting, the European Central Bank (ECB) made the decision to ease the deposit lending facility by...
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US and European Equity Futures Drop Amid Growth Concerns Ahead of Key US Inflation Report
US and European equity futures slipped on Wednesday, while bonds rose as concerns over slowing economic growth resurfaced ahead of...
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Eurozone Private Sector Activity Reaches 3-Month High Amid Mixed Sector Performance
In August 2024, the Eurozone's private sector activity saw a modest uplift, with the Composite Purchasing Managers' Index (PMI) rising...
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US Jobless Claims Edge Lower, Labor Market Remains Under Pressure Amid Fed’s Tightening Measures
The United States labor market showed signs of softening as initial jobless claims fell modestly by 2,000 to 231,000 in...
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Euro Area Inflation Eases in August; ECB Poised for Potential Rate Cut in September
The Euro Area witnessed a significant easing in inflation as consumer prices moderated to 2.2% year-on-year in August, down from...
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Global Markets Rally on Fed’s Dovish Signals; European and Asian Markets Show Mixed Reactions
Global stocks ended the week on a positive note as investors responded favorably to dovish comments from the US Federal...
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US Manufacturing PMI Drops to 8-Month Low as Services Sector Shows Resilience**
The US manufacturing sector continued to show signs of strain in August, as the Manufacturing Purchasing Managers' Index (PMI) slipped...
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Peoples Bank of China (PBoC) Holds Key Lending Rates Steady, Signals Cautious Economic Strategy
In a move widely anticipated by analysts, the People's Bank of China (PBoC) decided to maintain its key lending rates...
Read moreGlobal Diplomats Explore Partnership Opportunities as Nigeria Seeks $200 Billion Investment for Energy Transition
Nigeria’s ambitious energy transition goals have attracted the interest of international partners, as the country seeks to mobilize substantial investments...
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