Category: GDP
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Israels fiscal deficit widens to 8.1% of GDP
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Israel’s fiscal deficit continued to widen in July, reaching 8.1% of GDP over the past 12 months, or NIS 155.2 billion, according to Finance Ministry General Accountant Yali Rotenberg, up from 7.2% of GDP at the end of May. The fiscal deficit has grown in each of the past 16…
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Canada May GDP MoM 0.2% vs 0.1% estimate
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Previous month 0.3% May GDP 0.2% vs. 0.1% estimate. Advanced GDP released with April report was 0.1% GDP rose 0.1% in June. Construction, real estate, leasing, finance and insurance sectors also rose, while manufacturing and wholesale trade declined. Service-producing industries 0.1% Good productive industries 0.4% A total of 15 out…
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Strong Consumer Spending And Private Inventories Boosted U.S. GDP in Q2
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The preliminary estimate of US GDP for the second quarter of 2024 showed Economy grows by 2.8%This is much faster than the expected 2.5% increase and almost double the downwardly revised 1.4% growth in the previous quarter! The Ministry of Commerce explained that the acceleration in growth from the first…
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Citi sees potential for USD/JPY tactical longs amid strong US GDP data By Investing.com
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Citigroup highlighted the key support level for the Japanese yen against the US dollar, noting that the pair maintained its position above the 152 level. This level was previously identified as an important resistance point throughout 2022 and early 2023, and served as a crucial breakout area in 2024. Additionally,…
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Dollar slips ahead of GDP data; euro rises and yen surges By Investing.com
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Investing.com – The U.S. dollar fell on Thursday, the euro posted small gains and the Japanese yen rose to multi-month highs ahead of a Bank of Japan meeting next week. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Spotlight on GDP, PCE data and earnings By Investing.com
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U.S. stocks ended Friday in the red, as Wall Street wrapped up a week marked by a shift from this year’s big-cap winners to smaller names. The Dubai Financial Market Index fell by 0.71% to close at 5,505.00 points, and also fell by 0.81% to close at 17,726.94 points, and…
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Asian stocks dip amid weak China GDP, Trump shooting aftermath By Investing.com
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Most Asian stocks fell on Monday after disappointing economic growth figures from China, while uncertainty over US policy following the assassination attempt on former President Donald Trump also weighed on sentiment. Markets faced low trading volumes due to the Japanese market holiday. But losses in most Asian markets were limited…
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Trump shooting overshadows markets, China GDP in spotlight By Reuters
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A dramatic escalation in political tensions and violence in the United States following Saturday’s assassination attempt on former President Donald Trump looms over global markets on Monday, with Asian assets the first to show what impact…
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Dollar slips ahead of CPI release; pound gains after GDP strength By Investing.com
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Investing.com – The U.S. dollar was lower in early European trade on Thursday ahead of a key inflation report later in the session, while strong growth data boosted the British pound. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Week Ahead in FX (July 1 – 5): U.S. Inflation Updates, RBNZ’s Decision, And U.K.’s GDP On Tap
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Markets are heading into a relatively quiet trading week with only a few major events expected on the agenda. But that doesn’t mean major assets won’t see increased volatility! Uncle Sam dropped June inflation figures which could impact Fed rate cut talks. The Reserve Bank of New Zealand will also…
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U.S. Final Q1 GDP, Durable Goods Orders, And Initial Jobless Claims Reports Showed Weaknesses
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The final reading for Uncle Sam’s growth in the first quarter of 2024 came in at 1.4%, higher than the second estimate of 1.3% but still below the advanced reading of 1.6%. Data from the Bureau of Economic Analysis indicate that weakness in primary metals (for durable goods manufacturing) and…
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U.S. Final Q1 GDP, Durable Goods Orders, And Initial Jobless Claims Reports Showed Weaknesses
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The final reading for Uncle Sam’s growth in the first quarter of 2024 came in at 1.4%, higher than the second estimate of 1.3% but still below the advanced reading of 1.6%. Data from the Bureau of Economic Analysis indicate that weakness in primary metals (for durable goods manufacturing) and…
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UK monthly GDP on the agenda in the session ahead
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Markets are in a more hesitant mood so far today and that is understandable. It will be a busy day in US trading, so there won’t be much conviction at least in European trading. All eyes will be on the main events later, which are the US CPI report and…
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Australia’s GDP Grew Slower Than Expected in Q1 2024
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The Australian economy grew by 0.1% q/q in the first quarter of 2024, slower than the 0.3% q/q rise in the previous quarter and the 0.2% q/q increase that markets had expected. Overall, there was weak domestic demand as increased consumer spending was offset by a decline in aggregate investment.…
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Reserve Bank of Australia Governor Bullock says she expects Q1 GDP growth to be low
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Reserve Bank of Australia Governor Bullock reads the writing on the wall for Australia’s economic growth: Australia’s very weak economic growth outlook has been cut even further Reserve Bank of Australia Governor Bullock and Assistant Governor (Financial Markets) Kent appear before the Australian Parliament Before the Senate Economic Legislation Committee…
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U.S. Q1 GDP Revised Lower, GDP Prices and Jobless Claims Disappointed
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US economic growth for the first quarter of 2024 was revised down in the second estimate, with annual GDP now at just 1.3% when markets expected it to maintain its initial reading of 1.6%. According to the Bureau of Economic Analysis, the downward revision “It primarily reflects a downward revision…
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Week Ahead in FX (May 27 – 31): Global GDP and Inflation Updates Plus China’s PMIs
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The PMIs are out and now it’s time for the leading lagging indicators to take center stage! Inflation updates may move interest rate expectations for major central banks, while global GDP releases may influence the strength of individual currencies in the next few days. Before all that, ICYMI, I wrote…
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Once a giant, manufacturing now trails financial sector in Kenya GDP share
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In the 1980s, manufacturing in Kenya was so big that Daniel arap Moi’s government dared to join the car manufacturers’ league by commissioning the building of its own car. The plan failed because the exotic car, the Nyayo Pioneer, could barely move a kilometre, but the dream of building the…
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Israel’s GDP jumps but still below pre-war level
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According to the Central Bureau of Statistics’ preliminary estimate, Israel’s GDP rose by an annual rate of 14.1% in the first quarter of 2024, or by 3.3% in the same quarter. This comes after a decline of 21.7% year-on-year in the last quarter of 2023, in which the Iron Sword…
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UK Economy Surges Ahead as GDP Growth Outpaces Expectations
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The UK economy is poised for accelerated growth this year, with analysts revising their GDP forecasts upwards following a strong first-quarter performance that saw GDP expand by 0.6%, representing the fastest growth in nearly three years. Investment banks and advisory firms in the city responded positively to the data, indicating…