The Federal Reserve is widely expected to cut interest rates again next week, a move fueled by inflation data that met Wall Street’s expectations. However, persistent inflationary pressures are prompting some central bank analysts to revise their forecasts for 2025, suggesting a more cautious approach than previously anticipated. A more…

Colombia’s Congress dealt a big blow to President Gustavo Petro’s administration on Wednesday by rejecting a critical tax reform to strengthen the country’s budget for the coming year. The proposed reform, championed by Finance Minister Diego Guevara, was to secure an additional 9.8 trillion pesos (about $2.24 billion) for the…

The Brazilian stock market, represented by the Ibovespa index, fell 1.5% on Thursday, dropping below the key 127,900 level. This steep decrease might attributed to the Brazilian Central Bank’s (Banco Central do Brasil – BCB) unexpected announcement of a 1% interest rate hike, as well as forecasts for two more…

South Korea’s stock market faced a turbulent 2024, with the benchmark Kospi index declining over 7%. This significant underperformance compared to other regional markets has underscored the widening of the “Korea discount,” a long-standing issue tied to concerns over corporate governance and shareholder influence in chaebol-dominated industries. According to a…

Major US equity averages fell on Thursday as investors assessed a hotter-than-expected producer price index reading for November. At the time of writing, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was also 0.2% lower. The S&P 500 also shed 0.2% on Thursday. The producer prices…

Indian equity markets witnessed a steep sell-off on Friday, with the benchmark indices Sensex and Nifty shedding over 1%. The Sensex dropped 1,147 points, or 1.41%, to 80,142, while the Nifty50 lost 337 points, or 1.37%, touching 24,211, as of 10:35 am, India time. Investors were spooked by weak global…

The European Central Bank (ECB) has cut its deposit rate for the fourth time this year, reducing it to 3%. Starting from a record high of 4% in June, it seems that the ECB is finally close to accomplishing its goal of combatting inflation in the Eurozone, which is now…

The German economy, long considered a powerhouse of global trade, experienced an unexpected setback in October, with exports declining more than anticipated. This downturn casts a shadow on hopes for a swift recovery in external demand, signaling a potential delay in the much-anticipated rebound. According to data released by the…

The UK economy has unexpectedly contracted for the second consecutive month in October, a concerning development that highlights the economic challenges faced by the new Labour government led by Prime Minister Keir Starmer. The latest figures from the Office for National Statistics (ONS) reveal a 0.1% decrease in Gross Domestic…