Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in July, the U.S. Bureau of Labor Statistics (BLS) reported on Wednesday. This figure was lower than market expectations of 3.3%. The United States will release its August Producer Price Index (PPI) on Wednesday. The report, compiled by the Bureau of Labor Statistics (BLS), will be released one day before the Consumer Price Index (CPI) for the same month, scheduled for Thursday. Both indexes measure inflation, with the CPI focusing on the total...
Private businesses in the US added 146K workers to their payrolls in November 2024, the least in three months, following a downwardly revised 184K rise in October, and slightly below forecasts of 150K. The service-producing sector added 140K jobs, led by education/health services (50K); trade/transportation/utilities (28K); professional/business services (18K); leisure/hospitality (15K); financial activities (5K) and information (4K). Meanwhile, the goods-producing sector added 6K jobs, of which 30K in construction and 2K in natural resources/mining while manufacturing shed 26K jobs....
The number of workers quitting jobs in the US rose to 3.326 million in October 2024, the highest in five months, from an upwardly revised 3.098 million in the previous month. The quit rate, a metric that measures workers voluntarily leaving their jobs as a proportion of total employment, increased to 2.1% from 1.9% in the previous month. Quits increased in the accommodation and food services sector (+90,000). Source: Trading Economics
The S&P Global US Manufacturing PMI was revised higher to 49.7 in November 2024 from a preliminary reading of 48.8, and compared with 48.5 in October, indicating a near-stabilization of the manufacturing sector. The rate of decline in new orders slowed sharply, while stronger confidence in the future prompted companies to add staff. However, output continued to be cut. Meanwhile, the rate of input cost inflation weakened further and was the slowest in a year. In contrast, output prices rose at a slightly faster pace. "Optimism about the year ahead has risen to an unprecedented level in...
Asia-Pacific markets started trading lower on Friday, with investors assessing November inflation figures from the Japanese capital, Tokyo, and industrial production figures from South Korea. Tokyo's headline inflation rate came in at 2.6% in November, up from 1.8% seen in October. Core inflation, which excludes fresh food costs, rose to 2.2% compared with a Reuters poll's expectation of 2.1%. Tokyo's inflation figures are widely seen as an indicator of national trends. Separately, South Korea's industrial production rose 2.3% year-on-year in October, reversing a 1.3% decline in...
The European Central Bank should keep its options open for a bigger rate cut next month and its policy rate could eventually fall to a level that once again stimulates growth, ECB policymaker Francois Villeroy de Galhau said on Thursday. Financial market pricing indicates investors expect the central bank to lower borrowing costs by at least another quarter of a point at its next meeting on Dec. 12. Some market participants even expect a larger cut, as betting activity has shown in recent days. "Seen from today, there is every reason to cut on December 12. Optionality should remain open on...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of the Western military alliance is known to have...