Financial News

The US and global economies remain resilient ahead of forthcoming US elections. However, Europe’s economic fragility poses challenges for its recovery despite support from the easing of interest rates.

Natural gas prices pulled back from session highs as traders reacted to the report.

The services activity has increased in each of the past 20 months.

US jobless claims rise to 225,000, surpassing expectations. Hurricane Helene and major strikes may distort labor market data in the coming weeks.

EUR/USD reacts to the Euro Area PMIs, reflecting market sentiment toward potential ECB rate path shifts.

Domestic oil production increased from 13.2 million bpd to 13.3 million bpd.

Germany is facing demographic challenges with more acute structural pressures than other advanced economies. Labour-market and pension reforms are essential, but fragmented politics risk are eroding competitiveness.

Private employers added 143K jobs in September, beating forecasts. Job gains across sectors signal labor market strength, but wage growth remains cautious.

Eurozone unemployment holds at 6.4%, keeping October ECB rate cut speculation alive as inflation numbers ease across the bloc.

PMI reports indicated that manufacturing sector remained under pressure.

Energy prices were down 6% in September 2024, compared with September 2023, dragging the inflation rate below the 2% target.

The report showed that moderate upward pressure on prices and wages continued in September.

German inflation hits 1.6% in September, lowest since 2021. Energy costs plummet while food prices rise. ECB faces pressure to cut rates as eurozone inflation falls.

September’s private sector PMI numbers from China highlighted the pressing need for stimulus and policy measures to bolster China’s economy.

US economic indicators boost soft landing hopes and fuel 50-bps Fed rate cut bets, driving demand for cryptos.

According to the report, the increase was seen across all education groups and political affiliations.

Türkiye’s restrictive monetary policy continues to drive disinflation, bolster external accounts and replenish official reserves, improving the economic outlook despite persistent inflation and a wide budget deficit.

Natural gas traders will also stay focused on the potential impact of Hurricane Helene.

U.S. jobless claims dip to 218K, signaling labor market strength, while Q2 GDP growth holds at 3%, driven by strong consumer spending and inventories.

Crypto market cap hit $2.19 trillion on Sept 26, up $230B since US Fed cut rates on Sept 18, here are 5 major news events moving the markets this week.