At last, consumers reach the spending cliff
Have Australian shoppers finally reached the spending cliff that analysts have been predicting for months? The retail sales numbers for December that show sales tanked 3.9 per cent are pointing … Read More
Category: Economy
U.S. Pending Home Sales Unexpectedly Rebound In December
After reporting decreases in U.S. pending home sales for six straight months, the National Association of Realtors released a report on Friday showing pending home sales unexpectedly rebounded in the … Read More
I’m 30 with $500,000 in shares. Should I leverage them or buy a house?
I am a 30-year-old public servant with a $115,000 salary, a maximum annual savings potential of $40,000 after maximising super contributions, and a diversified portfolio of exchange-traded funds (ETFs) of … Read More
European Economic News Preview: Spain GDP Flash, Eurozone Lending Data In Focus
Preliminary estimates for the fourth quarter growth of the Spanish economy and lending data for the euro area are the key data releases on the closing day of this trading … Read More
Bank Of Canada Raises Interest Rates By Another Quarter Point
With persistent excess demand putting continued upward pressure on prices, the Bank of Canada on Wednesday announced its decision to raise interest rates by another quarter point. The Bank of … Read More
Shin-Etsu Chemical 9-month Results Climb; Lifts Dividend, FY Outlook
Shin-Etsu Chemical Co., Ltd. (SHECF.PK,SHECY.PK), a Japanese chemical maker, on Thursday reported that its nine-month net income attributable to owners of parent climbed 63.8 percent to 578.52 billion yen from … Read More
Australia Westpac Leading Index Signals Weak Growth
Australia’s leading index continued to point to below-trend growth in the first half of the year largely due to weaker consumer spending, Westpac said Wednesday. The annualized growth rate in … Read More
Germany Producer Price Inflation At 13-Month Low On Easing Energy Prices
Germany’s producer price inflation eased for the third straight month in December to reach its lowest level in just over a year amid a moderation in energy prices, data from … Read More
Ericsson Stock Down On Weak Q4 Profit, Q1 EBITA Warning
Shares of LM Ericsson were losing around 7 percent in the early morning trading in Sweden after the telecom major reported Friday weak profit in its fourth quarter, hurt by … Read More
German Economy Grows 1.90% In 2022 To Beat Expectations. Can It Avoid Recession?
Germany’s gross domestic product growth slowed less than expected in the year 2022, driven mainly by private consumption and investment in machinery, and returned to pre-pandemic levels. Despite the better … Read More