World

China’s retail sales data for July came in stronger than expected, with a 2.7% increase year-over-year. This growth beat the forecasts of a 2.6% uptick according to a Reuters poll. This positive performance in retail sales indicates some resilience in consumer spending despite challenging economic conditions. On the other hand, industrial production figures for July
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Asia-Pacific markets witnessed positive gains following the release of lower-than-expected producer prices in the U.S. This news had a ripple effect on various economies in the region, leading to a boost in market sentiment and investor confidence. Unemployment Rate in South Korea In South Korea, the seasonally adjusted unemployment rate experienced a decline, dropping to
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The recent week of trading on Wall Street was a rollercoaster ride for investors, with the S & P 500 ending the week roughly where it started. The market saw its worst day since 2022 on Monday, followed by its best day since 2022 on Thursday. The 10-year Treasury yield experienced significant fluctuations, dropping below
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Sony’s finance chief, Hiroki Totoki, announced that the Japanese technology and media conglomerate would not be making a new bid for film and TV production group Paramount Global. This decision came after independent studio Skydance Media secured a deal to acquire Paramount, which led Sony to deem the potential acquisition as not aligned with its
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Sustained market declines can have dire consequences that go beyond just the financial realm. Morningstar DBRS analysts have warned that these declines could potentially become a “self-fulfilling prophecy” that leads to a recession. They express concerns about corporate CEOs cutting back on investments and consumers pulling back on spending, which could further exacerbate the situation.
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