Economic news


London's FTSE 100 Closes at Record Highs after US Data, Glencore Boost

London's FTSE 100 Closes at Record Highs after US Data, Glencore Boost

UK's FTSE 100 clocked a record high close on Friday as global sentiment got a lift from a U.S. jobs report which kept future Federal Reserve interest cuts on the table, and Glencore shares topped the index on the prospects of a merger. The miner's shares jumped 9.6% to thei...


January 9, 2026
US Job Growth Stuck in Slow Gear in Dec; Unemployment Rate Dips to 4.4%
US Job Growth Stuck in Slow Gear in Dec; Unemployment Rate Dips to 4.4%

U.S. employment growth slowed more than expected in December amid job losses in the construction, retail and manufacturing sectors, but a decline...

USD Gains Against Major Currencies Following U.S. Jobs Data
USD Gains Against Major Currencies Following U.S. Jobs Data

The dollar gained on Friday after data showed slower than expected U.S. jobs growth, suggesting the Federal Reserve could leave interest rates...

Gold Set for Weekly Gain on US Payrolls Miss, Broader Uncertainty
Gold Set for Weekly Gain on US Payrolls Miss, Broader Uncertainty

Gold prices rose on Friday and were on track for a weekly gain, as investors weighed weaker-than-expected U.S. payrolls data along with broader...

Sterling Set for Weekly Decline as Traders await Key UK Data
Sterling Set for Weekly Decline as Traders await Key UK Data

Sterling steadied against the dollar on Friday after falling to the lowest level this year and was set for weekly declines as traders awaited key...

Oil Gains as Market Assesses Protests in Iran, Dealmaking for Venezuela
Oil Gains as Market Assesses Protests in Iran, Dealmaking for Venezuela

Oil prices rose on Friday on concerns about potential disruption to Iran's output and uncertainty about supply from Venezuela. Brent...

US Single-Family Housing Starts Rebound in Oct, Building Permits Dip
US Single-Family Housing Starts Rebound in Oct, Building Permits Dip

U.S. single-family homebuilding rebounded in October, but permits for future construction eased, signaling caution among builders as new housing...

Rupee Dips as NDF Maturities, Corporate Hedging Pinch
Rupee Dips as NDF Maturities, Corporate Hedging Pinch

The Indian rupee slipped on Friday, pressured by dollar demand linked to maturing non-deliverable forward positions and corporate hedging as global...

Euro Zone Economy Caps Resilient 2025 with Retail and Industry Boosts
Euro Zone Economy Caps Resilient 2025 with Retail and Industry Boosts

Euro zone retail sales rose more than expected in November and German industry continued to expand, offering further evidence that the currency...

China Car Sales may Stagnate in 2026, Strong EV Export Growth Unlikely to Last
China Car Sales may Stagnate in 2026, Strong EV Export Growth Unlikely to Last

China's car sales are expected to be flat this year, extending a downtrend, while robust electric vehicle exports in 2025 are unlikely to be...

Stocks Rise ahead of US Jobs Report, Tariff Ruling
Stocks Rise ahead of US Jobs Report, Tariff Ruling

Global stocks edged higher on Friday ahead of a crucial U.S. report, while investors awaited a Supreme Court ruling on the legality of...

J&J Strikes Deal with US Govt to Cut Drug Prices, Gain Tariff Exemptions
J&J Strikes Deal with US Govt to Cut Drug Prices, Gain Tariff Exemptions

Johnson & Johnson said on Thursday that it has reached an agreement with U.S. President Donald Trump's administration to cut drug...

GM to Take $6 Billion Writedown on EV Pullback
GM to Take $6 Billion Writedown on EV Pullback

General Motors said on Thursday it would take a $6 billion charge to unwind some electric-vehicle investments, the latest car company to pull...

TSMC Fourth-Quarter Revenue Jumps 20%, Beats Forecasts
TSMC Fourth-Quarter Revenue Jumps 20%, Beats Forecasts

TSMC, the world's largest contract chipmaker, on Friday reported a 20.45% increase in fourth-quarter revenue from a year earlier, beating the...

MiniMax, China's 2nd 'AI Tiger' to Go Public, Doubles in Value in Hong Kong Debut
MiniMax, China's 2nd 'AI Tiger' to Go Public, Doubles in Value in Hong Kong Debut

MiniMax Group, the second of China's so-called "AI tigers" to go public, saw its shares double in value on their first day of Hong...

Taiwan 2025 Exports Hit Record on Strong AI Demand
Taiwan 2025 Exports Hit Record on Strong AI Demand

Taiwan's exports closed the year with a record annual total of $640.75 billion, as the island rides a wave of high demand for its chips and...

Japan's Greater Oversight of Foreign Investments Unlikely to Interrupt M&A Boom
Japan's Greater Oversight of Foreign Investments Unlikely to Interrupt M&A Boom

Japan's plan to give authorities the power to order foreign investors to retroactively divest acquisitions is aimed at sheltering major...

Rio Tinto in Talks to Buy Glencore to Form World's Biggest Miner
Rio Tinto in Talks to Buy Glencore to Form World's Biggest Miner

LONDON/SYDNEY, Jan 8 (Reuters) - Rio Tinto is in early talks to buy Glencore, the companies said, in what could create the world's largest...

Japan Household Spending Unexpectedly Picks Up, Signals Steady Consumption Recovery
Japan Household Spending Unexpectedly Picks Up, Signals Steady Consumption Recovery

Japanese annual household spending unexpectedly grew in November, government data showed on Friday, rebounding from a sharp decline in October and...

Chinese Automaker Xpeng Touts AI Pivot in Face of Fierce Competition
Chinese Automaker Xpeng Touts AI Pivot in Face of Fierce Competition

Chinese automaker Xpeng said it wanted to become better known as a “physical AI” company rather than just a carmaker, as it gears...

Musk's xAI to Invest over $20 bln in Mississippi Data Center
Musk's xAI to Invest over $20 bln in Mississippi Data Center

Elon Musk's artificial intelligence startup xAI is investing more than $20 billion to build a data center in Southaven, Mississippi, state...

China's Consumer Inflation Scales 3-yr High, Deflation Battle Far from Over
China's Consumer Inflation Scales 3-yr High, Deflation Battle Far from Over

China's annual consumer price inflation accelerated to a 34-month high in December, but the full-year rate slumped to the lowest in 16 years...

Slower US Job Growth Expected in Dec; Unemployment Rate Likely Dipped
Slower US Job Growth Expected in Dec; Unemployment Rate Likely Dipped

U.S. job growth likely slowed in December amid business caution about hiring because of import tariffs and rising artificial intelligence...

January 8, 2026
US Wholesale Inventories Increase Further in October
US Wholesale Inventories Increase Further in October

U.S. wholesale inventories increased again in October, suggesting inventories could add to gross domestic product in the fourth quarter after being...

Israel's Arkia Forges Deal with JetBlue on Flight Connections in US
Israel's Arkia Forges Deal with JetBlue on Flight Connections in US

Israel's Arkia Airlines said on Thursday it signed a deal with low-cost U.S. carrier JetBlue Airways that would allow its customers to...

US Q3 Productivity Rises at Fastest Pace in Two Years
US Q3 Productivity Rises at Fastest Pace in Two Years

U.S. worker productivity grew at its fastest pace in two years in the third quarter as businesses invested heavily in artificial intelligence,...

US Oct Trade Deficit Lowest since 2009 as Imports Decline
US Oct Trade Deficit Lowest since 2009 as Imports Decline

The U.S. trade deficit contracted sharply in October, hitting the lowest level since mid-2009 as imports declined, a trend that if sustained could...

European Defence Stocks Hit High, Dollar Gains amid Geopolitical Events
European Defence Stocks Hit High, Dollar Gains amid Geopolitical Events

European defence stocks jumped to a record high and oil prices and the dollar both made ground on Thursday, as geopolitical developments from...

US December Jobless Rate Likely at 4.6%, Chicago Fed Says
US December Jobless Rate Likely at 4.6%, Chicago Fed Says

The U.S. unemployment rate was unchanged at 4.6% in December, the Chicago Federal Reserve estimated on Thursday, a figure that suggests the labor...

Pound on Track for Third Straight Daily Fall Versus Dollar
Pound on Track for Third Straight Daily Fall Versus Dollar

Sterling was set for a third consecutive decline versus a strengthening dollar on Thursday, as retreating risk appetite stripped away support for...

US Weekly Jobless Claims Increase Marginally
US Weekly Jobless Claims Increase Marginally

The number of Americans filing new applications for unemployment benefits rose moderately last week, suggesting that layoffs were relatively low at...

Frontier Airlines Parent Company Appoints new CEO
Frontier Airlines Parent Company Appoints new CEO

Frontier Group, parent company of Frontier Airlines, said on Thursday the board appointed James G. Dempsey as its Chief Executive...

Brazil Annual Inflation Rate Likely Slowed Further in Dec
Brazil Annual Inflation Rate Likely Slowed Further in Dec

Brazil's annual inflation rate likely slowed further in December, a Reuters poll showed, falling further below the upper limit of the central...

Uniqlo Owner Fast Retailing Hikes Annual Forecast after Surge in Quarterly Profit
Uniqlo Owner Fast Retailing Hikes Annual Forecast after Surge in Quarterly Profit

The operator of the Uniqlo clothing brand, Japan's Fast Retailing, said quarterly operating profit surged by a third and it bumped up its...

London Stocks Dip, Oil Drags; Defence Index Hits Record High
London Stocks Dip, Oil Drags; Defence Index Hits Record High

London's FTSE 100 edged lower on Thursday, pressured by weakness in oil stocks, even as defence shares surged to a record high on rising...

Swiss Rates Likely to Stay on Hold, SNB Minutes Indicate
Swiss Rates Likely to Stay on Hold, SNB Minutes Indicate

The Swiss National Bank's policymakers expect inflation to revive gradually, the minutes of their latest rate-setting meeting showed on...

UK Firms Trim Wage Expectations, Inflation Pressures Remain
UK Firms Trim Wage Expectations, Inflation Pressures Remain

British companies slightly lowered their still-high expectations for growth in wages and prices, according to a survey published by the Bank of...

Rupee Slides as Tariff Woes, Outflows Blunt Impact of RBI Intervention
Rupee Slides as Tariff Woes, Outflows Blunt Impact of RBI Intervention

The Indian rupee ended lower on Thursday after a choppy session as fresh, surprise intervention by the Reserve Bank of India was outweighed by...

Norway's Equinor Awards $10 Billion Supplier Contracts
Norway's Equinor Awards $10 Billion Supplier Contracts

Equinor has signed framework agreements with a group of suppliers worth 100 billion Norwegian crowns ($9.93 billion) for maintenance and...

Gold Falls, Commodity Index Rebalancing Sparks Selling Pressure
Gold Falls, Commodity Index Rebalancing Sparks Selling Pressure

Gold prices fell on Thursday as investors braced for futures selling tied to a commodity index reshuffle, with a stronger U.S. dollar adding...

Chinese Tech Firms Rise in Hong Kong Debut as US-China Rivalry Heats Up
Chinese Tech Firms Rise in Hong Kong Debut as US-China Rivalry Heats Up

Three newly listed Chinese technology companies ended higher on Thursday, raising a combined $1.19 billion, in a boost to Beijing's quest to...

Dollar Poised for 3rd Straight Daily Gain ahead of US Jobs Report
Dollar Poised for 3rd Straight Daily Gain ahead of US Jobs Report

The dollar was on track to advance on Thursday for a third straight day, though mixed U.S. economic data left markets cautious ahead of...

Euro Zone Consumer Inflation Expectations Hold Steady
Euro Zone Consumer Inflation Expectations Hold Steady

Euro zone consumers kept their inflation expectations unchanged in November, predicting a steady slowdown in price growth towards the European...


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