Economy News


Britain Proposes Simpler Financial Advice to Cut Costs for Consumers

Britain Proposes Simpler Financial Advice to Cut Costs for Consumers

Britain has proposed simplifying rules on financial advice to allow banks, insurers and investment firms to give information to less wealthy customers without having to comply with stringent safeguards that bump up fees. The government had said it would review and clarify the "regulator...


December 8, 2023
China Car Sales Growth Speeds Up in Nov as Price War Intensifies
China Car Sales Growth Speeds Up in Nov as Price War Intensifies

China's passenger vehicle sales rose 25.5% in November from a year earlier, faster than the prior month and extending growth to a fourth month,...

World Food Prices Hold Steady in November - FAO
World Food Prices Hold Steady in November - FAO

The United Nations food agency's world price index held steady in November, with lower international cereal prices offset by higher prices of...

China's Nov new Yuan Loans seen Rising on Policy Support
China's Nov new Yuan Loans seen Rising on Policy Support

China's new loans are expected to have jumped in November from the previous month and exceeded the year-earlier amount, a Reuters poll showed,...

EU Ministers need more Time to Agree on new Fiscal Rules
EU Ministers need more Time to Agree on new Fiscal Rules

European Union finance ministers moved closer to an agreement on new EU fiscal rules early on Friday after eight straight hours of talks, but will...

China's Investments to Vietnam Boom as Xi Visits Hanoi, US Spending Down
China's Investments to Vietnam Boom as Xi Visits Hanoi, US Spending Down

Chinese investments in Vietnam have boomed this year in contrast to a slowdown in U.S. spending and trade, official data show, as the world's...

Japan's Q3 GDP Falls Faster than First Estimates as Consumption Sags
Japan's Q3 GDP Falls Faster than First Estimates as Consumption Sags

Japan's economy fell faster than first estimated in the third quarter, revised data showed on Friday, as the household sector faced growing...

Coffee Trader Mercon Runs Out of Credit, Files for Bankruptcy
Coffee Trader Mercon Runs Out of Credit, Files for Bankruptcy

Mercon Coffee Group, one of the world's largest coffee traders, has filed for bankruptcy protection in the U.S. due to what it defined as...

December 7, 2023
US Labor Market Steadily Slowing; Wholesale Inventories Revised Down
US Labor Market Steadily Slowing; Wholesale Inventories Revised Down

The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting that the labor market was gradually...

Germany's Budget Crisis Leaves Struggling Solar Industry in Limbo
Germany's Budget Crisis Leaves Struggling Solar Industry in Limbo

Germany's budget crisis is threatening planned government support for its domestic solar manufacturers, in what could prove to be the death...

Many German Employees Still Face Real Wage Losses in 2023 - WSI
Many German Employees Still Face Real Wage Losses in 2023 - WSI

Despite falling inflation and rising collectively agreed wages, many Germans face a reduction in spending power this year, data from the Institute...

China-Russia Trade Hits $218B in Jan-Nov
China-Russia Trade Hits $218B in Jan-Nov

China-Russia trade hit $218.2 billion during January-November, Chinese customs data showed on Thursday, achieving the goal that had been set by the...

Italy Tells China it is Leaving Belt and Road Initiative
Italy Tells China it is Leaving Belt and Road Initiative

Italy has officially informed China that it is leaving the Belt and Road Initiative (BRI), dismissing fears the decision could sour relations and...

German Industrial Output Falls Unexpectedly in October
German Industrial Output Falls Unexpectedly in October

German industrial production unexpectedly fell in October compared to the previous month, the federal statistics office said on Thursday, marking...

UK House Prices Rise again after Months of Falls: Halifax
UK House Prices Rise again after Months of Falls: Halifax

British house prices rose for a second month in a row in November, figures from major mortgage lender Halifax showed on Thursday, adding to signs...

UK's Hot Labour Market Shows Sign of Cooling: Indeed Data
UK's Hot Labour Market Shows Sign of Cooling: Indeed Data

Britain's labour market remains tight, despite a fall in job postings by employers over the course of 2023 and broader weakness in the economy,...

China's Exports Grow for 1st Time in 6 mths in relief for Factories
China's Exports Grow for 1st Time in 6 mths in relief for Factories

China's exports grew for the first time in six months in November, suggesting factories in the world's second-largest economy are...

ECB to Cut Rates in Q2, Earlier than Thought: Reuters Poll
ECB to Cut Rates in Q2, Earlier than Thought: Reuters Poll

The European Central Bank will cut interest rates in the second quarter of next year, earlier than previously thought, according to a slim majority...

December 6, 2023
Canada's Trade Surplus Grows more than Expected in October
Canada's Trade Surplus Grows more than Expected in October

Canada recorded a larger-than-expected trade surplus of C$2.97 billion ($2.19 billion) in October, as exports rose marginally but imports slumped,...

China Turbo-Charges Cobalt Mine Output Despite Price Crash
China Turbo-Charges Cobalt Mine Output Despite Price Crash

Chinese-owned companies are aggressively expanding cobalt mining in Congo and Indonesia even while prices crash, as they bid to raise market share...

Nuclear's Share of World Power Output at Multi-Decade Low - Report
Nuclear's Share of World Power Output at Multi-Decade Low - Report

Global electricity production from nuclear energy dropped by 4% last year from 2021, with the technology's share of gross electricity...

US Gasoline Pump Prices at 11-mth Low in Time for Holiday Shopping
US Gasoline Pump Prices at 11-mth Low in Time for Holiday Shopping

U.S. gasoline prices are the lowest they have been since January and by Christmas could fall below $3 a gallon for the first time since 2021,...

Sovereign Wealth Funds Struggle to Turn their Trillions to Climate Finance
Sovereign Wealth Funds Struggle to Turn their Trillions to Climate Finance

Sovereign wealth funds that control nearly $12 trillion in assets are unlikely to quickly dismantle the hurdles in the way of urgently needed...

German Industrial Orders Fall Unexpectedly in October
German Industrial Orders Fall Unexpectedly in October

German industrial orders fell unexpectedly in October, declining by 3.7% on the previous month on a seasonally and calendar-adjusted basis, the...

UK Investors Pull Money from Property Funds in Nov -Calastone
UK Investors Pull Money from Property Funds in Nov -Calastone

UK investors pulled money from real estate funds for the second month running in November, but sentiment towards equity and fixed-income funds...

China Blue-Chip Stocks Hit 5-Y Lows, Yuan Eases after Moody's Move
China Blue-Chip Stocks Hit 5-Y Lows, Yuan Eases after Moody's Move

China's blue-chip stocks slumped to an almost five-year trough on Wednesday while the yuan currency extended losses, as markets grappled with...

China State Banks Selling Dollars for 2nd Day to Support Yuan - Sources
China State Banks Selling Dollars for 2nd Day to Support Yuan - Sources

China's major state-owned banks were selling U.S. dollars in the onshore spot foreign exchange market for a second day on Wednesday to support...

Thai Business Group Keeps 2023 Growth Forecast at 2.5%-3.0%
Thai Business Group Keeps 2023 Growth Forecast at 2.5%-3.0%

Thailand's economy is expected to grow 2.5% to 3.0% this year, unchanged from a previous forecast, a leading joint business group said on...

Japan Q3 GDP seen Contracting at Slower Pace on Capex: Poll
Japan Q3 GDP seen Contracting at Slower Pace on Capex: Poll

Japan's economy likely shrank slightly less than initially estimated in July-September, reflecting an expected upward revision in private...

December 5, 2023
Deal on EU Fiscal Rules Unlikely this Year, say Officials
Deal on EU Fiscal Rules Unlikely this Year, say Officials

European Union governments look increasingly unlikely to reach a deal on new EU fiscal rules this year because their differences on the pace needed...

New Home Prices in Spain Rise by most since 2007
New Home Prices in Spain Rise by most since 2007

Spanish property prices rose 4.5% from a year earlier in the third quarter, led by the highest increase in new home prices in 16 years, official...

German Services Sector Downturn Eases in November -PMI
German Services Sector Downturn Eases in November -PMI

Business activity in the German services sector declined in November although at a slower rate than the previous month, a survey showed on...

ECB Survey Shows Steadying Inflation Expectations
ECB Survey Shows Steadying Inflation Expectations

Inflation expectations among euro zone consumers held steady last month while the outlook for economic growth worsened, the European Central Bank...

Euro Zone Producer Prices Inch Up in Nov, Matching Expectations
Euro Zone Producer Prices Inch Up in Nov, Matching Expectations

Euro zone producer prices inched higher as expected in October compared with September as a rise in energy prices offset slight declines in a range...

Russia to more than Halve Deferred FX Purchases in Coming Month
Russia to more than Halve Deferred FX Purchases in Coming Month

Russia's finance ministry said on Tuesday it would decrease the volume of deferred foreign currency purchases in the coming month by more than...

Fall in Euro Zone Business Activity Adds to Recession Expectations
Fall in Euro Zone Business Activity Adds to Recession Expectations

The downturn in euro zone business activity eased last month but still indicates the bloc's economy will contract again this quarter as the...

UK Grocery Inflation Slows again -Kantar
UK Grocery Inflation Slows again -Kantar

British grocery inflation slowed again in November, while the rise in the cost of a traditional Christmas dinner is tracking well below the...

Australia Trade Drags on Q3 Growth, Govt Spending Boost
Australia Trade Drags on Q3 Growth, Govt Spending Boost

Australia's current account slid into deficit in the September quarter as prices for some commodity exports fell and locals spent more money...

Inflation in Japan's Capital Slows, Clouds BOJ Exit Path
Inflation in Japan's Capital Slows, Clouds BOJ Exit Path

Core inflation in Japan's capital slowed in November, underscoring the central bank's view that cost-push pressures in the world's...

Japan's Nov Service Activity Grows at Slowest Pace in Year - PMI
Japan's Nov Service Activity Grows at Slowest Pace in Year - PMI

Japan's service activity expanded at the slowest pace in a year in November, weighed by an accelerating decline in new exports and softer...

India Nov Services Growth Softens but Still Solid
India Nov Services Growth Softens but Still Solid

India's dominant services sector stayed strong in November but expanded at its slowest pace in a year as demand softened despite cooling...

Saudi Non-Oil Activity Eases in Nov, Outlook Improves -PMI
Saudi Non-Oil Activity Eases in Nov, Outlook Improves -PMI

Growth in non-oil business activity in Saudi Arabia eased in November from the previous month as a decline in export demand and inflationary...

South Korea Inflation Eases in Relief to Policymakers
South Korea Inflation Eases in Relief to Policymakers

South Korea's inflation eased for the first time in four months in November, bringing relief to policymakers worried about persistent inflation...


The economy as a key factor in currency and stock trading

The economy is one of the key factors in the degree of the influence on the currency market. Such economic indicators as gross domestic product, consumer indices, indices of industrial production, inflation and the labor market are very important for the traders in the analysis and the construction of their trading strategies.

Follow the news of the world economy for successful trading

Understanding of the formation of economic indicators provides an opportunity for participants in the Forex market to conduct a more efficient trade. Publications of economic news have a direct impact on the exchange rate and on the income of traders, that is why everything that happens in the world economy must be carefully taken into account by traders in their trading plans.

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