Economy News


Dutch Inflation Hits Record in Sept as Energy Prices Soar

Dutch Inflation Hits Record in Sept as Energy Prices Soar

Inflation in the Netherlands shot to a record high in September mainly due to higher energy prices, the Dutch statistics agency, CBS, said on Thursday. The consumer price index (CPI) rose to 14.5% in September year-on-year, from 12% percent in August.


October 5, 2022
Bank of England Explains Rejected Offers at Gilt Buy-Backs
Bank of England Explains Rejected Offers at Gilt Buy-Backs

The Bank of England gave more detail on Wednesday about why it rejects offers at its new daily operations to buy up to 5 billion pounds ($5.65...

Global Bond Funds see Biggest Outflows in Two Decades
Global Bond Funds see Biggest Outflows in Two Decades

Global bond funds saw the biggest outflows in two decades in the first three quarters of this year as hefty interest rate increases by central...

UK Business Activity Slides in Sept by most since Early 2021
UK Business Activity Slides in Sept by most since Early 2021

Britain's private-sector economy last month suffered the sharpest contraction in activity since a COVID lockdown early last year, underlining...

Euro Zone Likely to Endure Recession as Downturn Deepens
Euro Zone Likely to Endure Recession as Downturn Deepens

The drop in euro zone business activity deepened last month, a survey showed, probably extinguishing any hope the currency union would avoid...

Russian Services Sector Returns to Growth in Sept -PMI
Russian Services Sector Returns to Growth in Sept -PMI

Russia's service sector returned to growth in September, a business survey showed on Wednesday, buoyed by an increase in domestic demand but...

UK new Car Registrations up 4.6% in September on EV sales
UK new Car Registrations up 4.6% in September on EV sales

Demand for electric vehicles helped drive a 4.6% rise in Britain's new car registrations in September, according to industry data released on...

Hungary aims to Eliminate Reliance on Russian Gas by 2050
Hungary aims to Eliminate Reliance on Russian Gas by 2050

Hungary, one of the European Union's most-reliant members on Russian energy, aims to eliminate Russian gas imports by 2050 by a large-scale...

Thai Set to Grow 3.0 to 3.5% this yr, Baht to Boost Exports
Thai Set to Grow 3.0 to 3.5% this yr, Baht to Boost Exports

Thailand's economy is still expected to grow 3.0% to 3.5% this year, while a weak baht is helping exports, the finance minister said on...

German Exports Beat Expectations Despite Cooling Economy
German Exports Beat Expectations Despite Cooling Economy

German exports rose slightly more than expected in August despite a cooling global economy, rising interest rates and material shortages, the...

Hedge Funds Suffer $32 bln of Outflows in Q2 -Data
Hedge Funds Suffer $32 bln of Outflows in Q2 -Data

Investors pulled $32 billion from hedge funds in the second quarter of 2022, spooked by inflation, geopolitical tensions and the war in Ukraine,...

Japan's Tourism Restart Stirs Hope of Service-Sector Recovery -PMI
Japan's Tourism Restart Stirs Hope of Service-Sector Recovery -PMI

Japan's services sector activity growth posted a small expansion in September as demand recovered on declining COVID-19 cases and the prospect...

Irish Central Bank sees Lower Economic Growth, Higher Inflation Next Year
Irish Central Bank sees Lower Economic Growth, Higher Inflation Next Year

Ireland's central bank pushed up its 2023 inflation projections and revised down its forecast for economic growth for the third quarter in row,...

Philippines' 4-Year High Inflation Boosts Chances of more Rate Hikes
Philippines' 4-Year High Inflation Boosts Chances of more Rate Hikes

Philippine annual inflation quickened to 6.9% in September, hitting its fastest pace in four years, firming up expectations the central bank will...

Taiwan Sept Export Growth seen Cooling Further: Reuters poll
Taiwan Sept Export Growth seen Cooling Further: Reuters poll

Taiwan's exports likely rose for the 27th straight month in September though at a slower pace than in August, amid fears of a global recession,...

S.Korea's Sept Inflation Slows, Tightening Bias seen Intact
S.Korea's Sept Inflation Slows, Tightening Bias seen Intact

South Korea's consumer inflation slowed for a second month in September, data showed on Wednesday, but economists said the data would do little...

October 4, 2022
German Engineering Orders Stagnate in August
German Engineering Orders Stagnate in August

German engineering companies' orders stagnated in August as orders from abroad, particularly the euro zone, offset a dip in domestic orders,...

Turkish Trade Deficit Surges to $10.38 bln in September
Turkish Trade Deficit Surges to $10.38 bln in September

Turkey's trade deficit leapt 298% year-on-year in September to $10.384 billion, the Trade Ministry said on Tuesday, as surging energy import...

More U.S. LNG Heads to Europe Despite Output Constraints
More U.S. LNG Heads to Europe Despite Output Constraints

U.S. producers of liquefied natural gas (LNG) boosted exports to Europe in September even as a plant outage kept overall shipments below the...

Consumer Prices in Tokyo Rise at Fastest Pace since 2014
Consumer Prices in Tokyo Rise at Fastest Pace since 2014

Core consumer prices in Japan's capital, a leading indicator of nationwide inflation, rose 2.8% in September from a year earlier, exceeding the...

October 3, 2022
Euro Zone Factory Activity Declined again in September
Euro Zone Factory Activity Declined again in September

Manufacturing activity across the euro zone declined further last month as a growing cost of living crisis kept consumers wary while soaring energy...

Inflation to Put U.S. Auto Industry in Low Gear
Inflation to Put U.S. Auto Industry in Low Gear

Major automakers are expected to report modest declines in U.S. new vehicle sales on Monday but analysts and investors are concerned that a...

UK Manufacturing PMI Shows Falling Output, Weak Foreign Demand
UK Manufacturing PMI Shows Falling Output, Weak Foreign Demand

British manufacturing output fell for a third month in a row in September and orders declined for a fourth consecutive month, hurt by falling...

Central Europe's Manufacturing Strain Reaches Hungary
Central Europe's Manufacturing Strain Reaches Hungary

Hungary's manufacturing activity shrank for the first time in 17 months in September, a survey showed on Monday, and output kept falling in the...

French Factory Activity Shrinks in Sep, Energy Prices Weigh
French Factory Activity Shrinks in Sep, Energy Prices Weigh

French manufacturing activity contracted in September at the fastest pace since May 2020, a survey among purchasing managers showed on Monday, as...

Turkey Inflation at new 24-Year High of 83% after Rate Cuts
Turkey Inflation at new 24-Year High of 83% after Rate Cuts

Turkish annual inflation climbed to a new 24-year high of 83.45% in September, below forecast according to official data on Monday, after the...

Swiss Inflation Unexpectedly Slows in September
Swiss Inflation Unexpectedly Slows in September

Swiss consumer price inflation slowed to 3.3% in September but still surpassed the Swiss National Bank's 0-2% target range for the eighth month...

BoJ Discussed Inflation Risks in Subtle Shift in Board Debate
BoJ Discussed Inflation Risks in Subtle Shift in Board Debate

Broadening price rises in Japan prompted some central bank policymakers to warn last month that inflation may overshoot expectations, highlighting...

Indonesia Inflation Hits new 7-Y High after Fuel Price Hike
Indonesia Inflation Hits new 7-Y High after Fuel Price Hike

Indonesia's inflation rate in September accelerated to its highest since October 2015 due to higher transportation costs following a fuel price...

India Sept Factory Growth Cooled to 3-Month Low
India Sept Factory Growth Cooled to 3-Month Low

India's factory growth dipped to a three-month low in September due to a moderation in demand and output, despite easing inflationary pressures...

September 30, 2022
EU Countries Spar over Gas Price Caps
EU Countries Spar over Gas Price Caps

European Union countries disagreed on Friday about whether and how to cap runaway gas prices, with Germany among those opposing the measure that 15...

UK Economy still Below Pre-Pandemic Size
UK Economy still Below Pre-Pandemic Size

Britain's economy remained below its pre-pandemic peak, according to data published on Friday that left the country further adrift of other...

India Markets Regulator to Restart Review of $440M Digit Insurance IPO
India Markets Regulator to Restart Review of $440M Digit Insurance IPO

India's markets regulator will restart a review of a $440 million initial public offering of Digit Insurance after the company...

Hong Kong August Retail Sales Slip, Tight Financial Conditions Dim Outlook
Hong Kong August Retail Sales Slip, Tight Financial Conditions Dim Outlook

Hong Kong's retail sales in August edged down on an annual basis while the growth rate also slowed from the month before, data released on...

Swiss National Bank Ends Era of Foreign Currency Purchases
Swiss National Bank Ends Era of Foreign Currency Purchases

The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign currency in market interventions in the second quarter of 2022,...

French Inflation Unexpectedly Pulls Back again in September
French Inflation Unexpectedly Pulls Back again in September

French inflation slowed unexpectedly for a second month running in September, bucking the trend in neighbouring Germany and the wider euro zone,...

Singapore Tightens Housing Loan Limits as Rates Rise
Singapore Tightens Housing Loan Limits as Rates Rise

Singapore has unveiled a package of measures for the property market, including tightening lending limits for housing loans in response to a rise...

Turkish Trade Deficit jumps 160% in August
Turkish Trade Deficit jumps 160% in August

Turkey's foreign trade deficit surged 159.9% year-on-year to $11.19 billion in August, with imports surging 40.4%, data from the Turkish...

Dutch Inflation Leaps to 17%, Boosted by High Energy Prices
Dutch Inflation Leaps to 17%, Boosted by High Energy Prices

Inflation in the Netherlands jumped in September to its highest in decades, driven by skyrocketing energy prices, the statistics agency (CBS) said...

BlackRock Names Hua Fan as China Asset Management joint Venture Head
BlackRock Names Hua Fan as China Asset Management joint Venture Head

BlackRock Inc's majority-owned China asset management unit has named Hua Fan, former chief investment officer of China Merchant Bank's...

September 29, 2022
S.Korea Sept Exports Set for Slowest Growth in 2Y - Poll
S.Korea Sept Exports Set for Slowest Growth in 2Y - Poll

South Korea's exports likely grew at the slowest pace in nearly two years in September, hurt by a weakening global economy led by China, a...

UK Car Output Rises, Soaring Costs Cast Shadow over Recovery
UK Car Output Rises, Soaring Costs Cast Shadow over Recovery

British car production rose for a fourth straight month in August, compared with a year earlier, although record input costs cast a shadow over the...

Australia Monthly CPI Measure Slows Slightly to 6.8% y/y
Australia Monthly CPI Measure Slows Slightly to 6.8% y/y

A new monthly measure of Australian consumer prices on Thursday showed annual inflation eased slightly in August from July thanks to a steep drop...


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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