As trading commences on Thursday, November 14, 2024, upcoming employment figures from the United States take center stage. Focus also on Fed Chair Jerome Powell who is set to speak in Dallas, Texas. ASIA/PACIFIC -The Australian stock market closed in the green on Thursday as Australia’s unemployment rate remained steady in October at 4.1% as economists had expected. -Asian markets mostly fell
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ECONOMY -Romania’s current account deficit widened to EUR19.7 billion in the first nine months of 2024, compared with EUR16 billion reported in January-September 2023, the National Bank of Romania (BNR) data showed. -In September 2024, industrial production increased by 14.0% as gross series compared to August 2024 and was down 0.1% as series adjusted by number of working days and seasonality, according
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As trading commences on Wednesday, November 13, 2024, investors awaited the latest U.S. consumer price index data for insights on the pace of inflation. ASIA/PACIFIC -The Australian stock market closed in the red for third consecutive day on Wednesday, tracking losses on Wall Street as the U.S. postelection rally stalled overnight. -Asian stocks hit two-month lows as investors assessed corporate goods data
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ECONOMY -Romania’s annual inflation rate edged up to 4.7% in October 2024, from 4.6% in the previous month and above market expectations of 4.4%. Prices rose for food (4.75% vs 4.72% in September) and non-food products (3.45% vs 3.30%), the National Institute of Statistics (INS) data showed. -In September 2024, the average gross earnings were 8553 lei, with 110 lei (+1.3%) higher
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As trading commences on Tuesday, November 12, 2024, investors will be scrutinizing a fresh batch of economic data. The focus remains on U.S. consumer price inflation data on Wednesday, and a slew of speeches by Federal Reserve officials this week, including Fed Chair Jerome Powell on Thursday. ASIA/PACIFIC -The Australian stock market closed in the red on Tuesday, dragged down by mining
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Bucharest Stock Exchange opened in the green on Monday (Nov. 11), as major European markets also opened higher with investors turning their attention to key inflation and economic reports due this week. ECONOMY -Romania’s annual inflation rate will increase slightly in the last months of 2024 and will display a marked fluctuation in the first half of 2025, staying above the target
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As trading commences on Monday, November 11, 2024, investors will closely monitor key economic indicators from around the world that are poised to significantly influence the market. The release of inflation data out of the U.S. and Germany will be the central focus for investors this week. ASIA/PACIFIC -The Australian stock market closed lower, with the big miners falling sharply after China’s
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ECONOMY -ING economists expect the National Bank of Romania policymakers to maintain the key rate at 6.50% at the 8 November meeting and retain the Bank’s policy flexibility ahead, a decision also magnified by the latest fiscal and geopolitical events. -The National Bank of Romania kept its benchmark rate at 6.5% in November 2024, marking the second consecutive hold, in line with
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ASIA/PACIFIC -The Australian stock market was boosted by a raft of soaring stocks as investors awaited details of a much-anticipated economic stimulus package from China. -Asian markets closed mixed Friday, after the Bank of England and the U.S. Federal Reserve cut interest rates by a quarter point and major U.S. indexes continued their postelection rally. -Japan’s Finance Minister Shunichi Kato said that
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Donald Trump won a second term in a historic return to White House after beating Kamala Harris in Tuesday’s (Nov. 7, 2024) presidential election. In his victory speech, he declared his intention to “help the country heal,” and promised that his next administration would be “the golden age of America.” Among the people Trump thanked for his victory was popular podcast host Joe Rogan,
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