The US Bureau of Labor Statistics has published the monthly Producer Price Index data sets. In general, the data revealed higher than expected price growth at the producer level. The US Dollar is reacting to the news by surging.
Nomura Holdings have announced that the firm expects high revenue growth due to a major increase in trading, over the span of next three years.
The European Central Bank has cut its Main Refinancing Rate, which is the base rate for all Euro debt. Namely, the rate is the base borrowing cost for the European currency. The rate has been reduced from 4.25% to 3.65%, as expected by market analysts.
The ManpowerGroup has conducted a survey, which has revealed that hiring trends are set to remain unchanged in the fourth quarter of 2024.
Reuters has revealed that Boeing has delayed the supplying of 737 Max aeroplanes, as the firm still struggles with production.
The Chinese tech firm Huawei has reported that it has received orders for nearly 3 million new tri-fold phones. The new phones are seen as a direct competitor to the iPhone 16.
As the antitrust trial of Google started, the US Justice Department prosecutor has stated that Google aimed to dominate online advertising tech by controlling customers and competitors.
The US tech giant has introduced the iPhone 16. The new phone is set to use AI software in American English.
Due to reported underhood fires, the US National Highway Traffic Safety Administration has started an investigation of 781,000 Jeep Gladiator and Wrangler cars.
The United States Bureau of Labor Statistics has published the US monthly inflation data, the Consumer Price Index. In general, the inflation data met market expectations. Markets are reacting to the news by buying the US Dollar in favour of other assets.
The Chinese consumer inflation has increased in August, as prices grew at a rate not seen for half-a-year. The August CPI showed a change of 0.6%.
Markets have reduced their expectations for the second quarter growth numbers of the Japanese Gross Domestic Product. Most quote the tightening of monetary policy as the reason for the change of forecasts.
A new energy unit of Panasonic Holdings has finished the preparation for the production of new high-capacity electric vehicle batteries.
For a fifth month straight, car sales in China have continued to decline, as demand has been decreasing.
The stock price of Oracle is set to start Tuesday's trading with a jump of $11.00 or 7.90%. The reason for the gap up are the quarterly financial results and future expectations.
Reuters has conducted a survey, which has revealed that economists expect exports from China to have grown, but at a lower pace than during the previous months.
The major bank Morgan Stanley has reduced its forecasts for Brent Crude Oil price, as the market has been signalling a decrease of demand.
The publication of the UK Unemployment Claimant Count Change number and the change of the Average Earnings Index for the last three months have shown mixed data. Due to this reason, the GBP increased volatility by initially moving up, but then suddenly retracing back down.
The satellite TV firm DirectTV has reported to the US Federal Communications Commission that Walt Disney has not been negotiating in good faith and engaged in anticompetitive actions.
Reuters has revealed to the world that Broadcom has done a test at Intel facilities which has resulted in a failure of the testing of silicon wafers. In general, Intel can not move to high-volume production as previously expected.
The US National Highway Traffic Safety Administration has announced that it has ended the investigation into General Motors vehicle seat belt issue. The investigation concerned more than 1.3 million cars.
Reuters has revealed that top 10 Chinese fund managers have demanded senior executives to return excessive pay that has been paid out in the last five years.
The major bank Goldman Sachs has revealed that it expects the US economy to benefit in the upcoming two years from a potential election of Kamala Harris.
The Chinese government has expressed dissatisfaction with new Dutch export controls of ASML semiconductor production tools. The European country has aligned its limits on exports with the US.