Financial News
- Vladimir Zernov
Long-run inflation expectations declined from 3.1% to 3.0%.
- James Hyerczyk
U.S. Durable Goods Orders fell 0.8% in September, defying forecasts for a deeper drop and signaling resilience in the manufacturing sector.
- Bob Mason
The German Ifo Index beats forecasts, signaling optimism in business sentiment, but challenges remain for the Eurozone’s broader recovery.
- Vladimir Zernov
Natural gas prices pulled back as traders reacted to the bearish report.
- Dennis Shen
Greece’s favourable credit trajectory is underscored by falling public debt, more resilient banks, and structural reforms. Scope Ratings’ baseline is for primary budget surpluses to be sustained in coming years.
- James Hyerczyk
U.S. jobless claims fall unexpectedly to 227,000, signaling labor market resilience, but rising unemployment benefits hint at economic cooling.
- James Hyerczyk
Southwest, American Airlines, UPS, and Honeywell post mixed Q3 results, with Southwest and UPS beating earnings, while Honeywell misses revenue targets.
- Bob Mason
Eurozone Services PMI fuels bets on a smaller ECB rate cut as services inflation persists despite weaker demand.
- James Hyerczyk
Tesla’s profit surge and IBM’s AI push drive tech growth, while Mattel struggles with weak toy demand ahead of the holidays. Read our full earnings breakdown.
- Vladimir Zernov
Gasoline inventories increased by 0.9 million barrels from the previous week.
- James Hyerczyk
U.S. existing home sales hit a 14-year low in September as high mortgage rates and elevated prices keep buyers cautious. Explore the key factors and market outlook.
- James Hyerczyk
Coca-Cola’s price increases offset declining demand, while Boeing struggles with a costly labor strike. Explore how these giants are navigating market turbulence.
- James Hyerczyk
IMF boosts U.S. 2024 growth to 2.8%, citing strong consumption, while cutting China to 4.8%. Geopolitical and trade risks still threaten global recovery.
- James Hyerczyk
GM surpasses Q3 expectations and raises 2024 earnings forecast, driven by strong North American sales and higher vehicle prices. Read the full analysis.
- Dennis Shen
Georgia’s coming elections highlight its tough balancing act between the West and Russia. Competing visions for the nation’s future, challenging geopolitics and sanctions risks threaten the sovereign’s ratings.
- James Hyerczyk
US Leading Economic Index drops 0.5% in September, signaling slower growth ahead. Learn how key economic indicators point to recession risks in 2025.
- Bob Mason
Economists expect softer inflation ahead as German producer prices continue to drop, with ECB rate cut expectations for December rising.
- Bob Mason
SEC’s Ripple case appeal stirs uncertainty as XRP trails behind broader crypto gains, climbing 2.76% this week.
- James Hyerczyk
Building permits fell 2.9% to 1.428M, and housing starts dipped 0.5% to 1.354M in September. Housing completions surged 14.6% year-on-year to 1.680M.
- Bob Mason
China’s economy slows to 4.6% growth in Q3 2024, with retail sales and industrial output offering signs of recovery ahead of Q4.