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Economy

China's Stimulus Rally: Will It Last?

China's stock market has surged over 25% in a nine-day winning streak, fueled by Beijing's recent announcements of economic support, as reported by CNBC. The CSI 300 blue-chip index popped over 8% on Monday, its best day in 16 years, before markets closed for a week-long

ECB Policymaker Backs Rate Cut as Euro Zone Economy Faces Tipping Point, Reuters Reports

The European Central Bank has a "clear-cut" case for cutting interest rates at its next meeting on October 17, according to a statement from ECB policymaker Martins Kazaks, as reported by Reuters. Kazaks, Latvia's central bank governor, believes the euro zone economy may be nearing a

US Recession Fears Ease As Consumers Show Resilience: UBS

Fears of a looming US recession are receding as recent economic data points to a more resilient consumer and cooling inflation, according to a note published by UBS on August 16.  The bank highlights the recent rally in US stock markets, with the S&P 500 surging almost 7%

US Economy Grew at a Slower Pace in Q1 2024, Corporate Profits Decline, BEA Reports

The US economy expanded at an annualized rate of 1.4% in the first quarter of 2024, according to the estimate released by the Bureau of Economic Analysis (BEA) on Thursday. This represents a slight upward revision from the second estimate of 1.3% growth, but still signals a significant

Analysts Predict Double-Digit Earnings Growth for S&P 500 in 2024 and 2025, FactSet Reports

Industry analysts are projecting strong earnings growth for the S&P 500 in both 2024 and 2025, with double-digit growth anticipated in both years, according to a note published by FactSet. Analysts collectively predict that the S&P 500 will report year-over-year earnings growth of 11.3% in

China Needs a Stimulus Package to Boost Consumer Confidence, Says LSE Professor

China’s economic recovery continues to face headwinds, leaving many wondering about the best path forward. In a recent interview with CNBC, Keyu Jin, a professor at the London School of Economics, argued that a government stimulus package is crucial to jumpstart the economy and restore consumer confidence. In an

Global Manufacturing Growth Gains Momentum in May

The global manufacturing sector continued its recovery in May, with output and new orders expanding at a faster pace, according to the latest J.P.Morgan Global Manufacturing PMI released on Monday. The PMI, a composite index tracking manufacturing activity across major economies, rose to a 22-month high of 50.

US Commercial Real Estate Faces Repricing Risk as Debt Maturities Loom

The US commercial real estate (CRE) market is navigating a challenging landscape, with rising vacancy rates, declining valuations, and a looming maturity wall threatening to further weaken the sector, according to a note published by the Federal Reserve Bank of St. Louis on Thursday. The note highlights the potential for
US Commercial Real Estate Faces Repricing Risk as Debt Maturities Loom

German Economy Shows Signs of Recovery, But Consumer Confidence Remains Low

Germany's economic outlook has improved slightly since the last quarter, but challenges remain, according to a new report by Moody's Analytics. While the country's real GDP expanded by 0.2% in the first quarter, driven largely by favorable weather conditions in the construction sector,

US Economy Slows in Q1 2024 as Corporate Profits Decline, BEA Reports

The US economy grew at an annualized rate of 1.3% in the first quarter of 2024, a significant slowdown from the 3.4% growth recorded in the fourth quarter of 2023, according to the estimates released by the Bureau of Economic Analysis (BEA) on Thursday. This revised figure is