ASIA/PACIFIC -The Australian stock market closed lower on Friday, as local investors gear up for the US election and the Federal Reserve rate verdict. -Asian markets fell following the release of new Purchasing Managers’ Index (PMI) data from China and Japan. Caixin China manufacturing purchasing managers’ index for October rose to 50.3, rebounding from September’s 49.3. -Japan’s Jibun Bank Manufacturing PMI Index
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Updated midday and after market close POLITICS The electoral campaign for the parliamentary elections starts on Friday, at 00:00 and ends on November 30, at 7:00 a.m. Parliamentary elections are scheduled to be held in Romania on 1 December 2024. ECONOMY -In October 2024, Romania’s Economic Sentiment Indicator (ESI), compiled by the European Commission based on the responses of managers in the
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ASIA/PACIFIC -The Australian stockmarket extended its losses on Thursday, taking the market to its worst monthly performance since April as investors grappled with a raft of updates. -Asian markets slipped Thursday as investors reacted to the Bank of Japan’s rate hold. Chinese markets bucked the weak regional trend ahead of a highly anticipated top legislative bond meeting scheduled in Beijing on Nov.
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ECONOMY -Romania is still the country with the lowest prices in the European Union, according to Eurostat, especially when it comes to food, despite the fact that we have gone through high inflation, Competition Council President Bogdan Chiritoiu told the “Competition in key sectors 2024” conference on Wednesday. -In January-July 2024, direct investments in Romania decreased by 21.3% Agerpres reported citing the
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ECONOMY – Government debt rose to 876.288 billion lei in July 2024 from 860.331 billion lei in the previous month, Finance Ministry data showed. As a percentage of the GDP, public administration debt climbed to 52%, from 51.1% in June (GDP according to the National Institute of Statistics release of October 10, 2024). -The per capita purchasing power in Romania amounts to
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ASIA/PACIFIC -The Australian stockmarket end higher for a third day running after billionaire retailer Solomon Lew struck a deal with Myer to sell his apparel brands business in a $950 million deal. -Asian stocks ended mixed on Tuesday as Japanese unemployment rate for September clocked in at 2.4%, lower than estimates. -Chinese IPOs in the U.S. and Hong Kong are set to
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ECONOMY -The government of Romania will approve this week the minimum gross statutory wage to be enforced as of January 1, set at 4,050 lei (about 814 euro), after discussions with employers and trade unions, Prime Minister Marcel Ciolacu announced on Monday, according to Radio Romania Actualitati. The premier also ruled out a VAT increase in 2025, Adevarul reported. -A delegation of
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ASIA/PACIFIC -The Australian stock market edged higher to start the week led by the technology sector and a rebound in Mineral Resources. -Asian stock markets kicked off the new trading week mostly in the green as investors digested Japan’s general election results over the weekend in which its ruling Liberal Democratic Party (LDP) lost majority for the first time since 2009. –
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JP Morgan Private Bank and Beauhurst found in an annual report that since 2014 private investment in businesses founded, led or managed by women in the UK has tripled, reaching £4.01 billion today. This trend aligns with the broader high-growth ecosystem where private investment has risen from £5.21 billion in 2014 to £17.3 billion in 2023. The report analysed 14,555 companies in
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Saudi Arabia opens to settling trade in other currencies than the US dollar, the country’s finance minister said, in one of the clearest signs yet that the oil-rich kingdom is seeking to strengthen its relations with crucial trade partners and diversify away from the greenback. “There are no issues with discussing how we settle our trade arrangements, whether it is in the US
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