Spanish Economy Surpasses Expectations
The Spanish economy exceeded expectations in the final quarter of last year, driven by both domestic and external demand. According to the national statistics body INE, gross domestic product (GDP)…
The Winners in China’s Investment Environment: Emerging Markets
The recent unease surrounding the investment environment in China is proving to be advantageous for emerging markets like India, according to Ron Temple, the chief market strategist at financial advisory…
Chinese Banks Issue Smaller-Than-Expected New Loans in July
Chinese banks have issued a smaller-than-expected amount of new loans in July, indicating weak credit demand despite the government's efforts to encourage lending to businesses and households. Decrease in New…
Housing Costs Driving Inflation Higher
Housing costs continue to contribute significantly to inflation, even as rent growth moderates. According to the Bureau of Labor Statistics, shelter inflation accounted for 90% of the consumer price index's…
Adtran Holdings Faces Challenges as Customers Manage Inventory
Shares of Adtran Holdings have taken a steep decline, falling approximately 20% in morning trading. The telecommunications supplier has warned that the upcoming year is expected to remain challenging as…
Housing Market Shows Signs of Recovery
The U.S. housing market is finally showing signs of recovery, with the number of houses going under contract increasing in June after four consecutive months of decline, according to a…
UK Economy Falters after GDP Moves from Stagnation to 0.1% Decline in March
(ONS) The gross domestic product in the UK declined by 0.1% in March as weaknesses persisted following a no-growth status in February. The main contributor of the GDP slowdowns in…
UK Economy Grows 7.5% in 2021, the Most in 80 Years
(ONS) UK gross domestic product improved by 7.5% in 2021, the strongest since 1941, making it the fastest-growing economy in the developed world in the year. The robust GDP happens…
Eurozone Economy Stumbled to a 9-Month Low in Dec. on Omicron Impacts
(IHS Markit) Eurozone’s Composite Output Index was at 53.3 in December, the lowest since March and below 55.4 in November. The decline in the output index reflected a resurgence of…
UK Economy Slows to a 1.1% Growth in Q3 2021 as Trade Deficit Widens Further
(ONS) The United Kingdom posted a 1.1% expansion in the national output in the third quarter, slower than the 5.4% growth recorded in the previous quarter. The weaker growth in…
UK Economy Grows 2.3% in April as Economic Opening Fuels Gains in Service Sector
(Office for National Statistics) UK’s growth expanded the fastest in April 2021 since July last year, after posting a 2.3% jump in gross domestic product. Growth of UK’s GDP was…
Saving the Economy: Amazon-style Website to Move Billions of Euros of Bank Loans-ECB
European Central Bank (ECB) officials are working on a plan to sell hundreds of billions of euros of bank loans in an Amazon-like website, according to a press release. The…