The Strategist
Markets & Industries

Iranian oil exports rise to record highs in recent years - 01/16/2023

Several consulting firms calculated that Iran's oil shipments in November and December 2022 were the greatest in years. Iran exported 1.095 million barrels per day (bpd) in total in November, and that number increased to 1.137 million in December, according to Reuters, which cited statistics from energy consultancy SVB International. Iranian shipments were pegged at 1.23 million bpd in November...

US consumer goods prices fall for the first time in 2.5 years - 01/13/2023

According to information from the Department of Labor, the consumer price index (CPI) in the US decreased by 0.1% at the end of December. Since May 2020, the country's consumer goods prices haven't decreased month over month. A press release from the ministry claims that cheaper gasoline in the US is the main cause of the decline in commodities prices. Additionally, while the month-end food price...

China's inflation rate hits 2 per cent in 2022 - 01/12/2023

According to data issued on Thursday by China's State Statistics Office, the consumer price index (CPI), the major indicator of inflation, increased 2% year over year in 2022. Separately, the CPI for urban and rural areas increased 1.8% in December over the prior year. Consumer goods increased by 2.6%, non-food items by 1.1%, food by 4.8%, and services by 0.6%. In terms of monthly changes, the...

FT: China to limit listings of companies from some sectors - 01/11/2023

Companies from specific industries will no longer be permitted to list on Chinese stock exchanges, according to the China Securities Regulatory Commission (CSRC), reports The Financial Times (FT), citing sources. The corporations in the food industry have already been given the "red" rating, according to the FT. Additionally, businesses that make coronavirus detection tests were subject to the...

Unemployment in euro area remains at a record low of 6.5% in November - 01/10/2023

According to information provided by the European Union's statistical office, the unemployment rate in the euro area stayed at a minimum of 6.5% in November 2022. A record low of 10.84 million people were unemployed as of October, a decrease of 2,000 over the previous month. Unemployment among young people's (under 25) increased to 15.1%. Spain had the highest unemployment rate, at 12.4%. The...

UK labor market vacancy index falls to 53.0 in December - 01/10/2023

The U.K. labor market continued to deteriorate in December, according to the results of the employment agency poll that was issued on Tuesday. This suggests that long-term inflationary pressures may also decrease. The monthly jobs index, calculated by the Recruitment and Employment Confederation (REC) and KPMG, dropped from 54.1 in November to 53.0 in December, its lowest level since February...

Nikkei: Number of bankrupt companies in Japan is growing - 01/09/2023

Nikkei: The number of insolvent businesses in Japan increased to 6,400 for the first time in three years. According to Nikkei, there were 6.4 thousand insolvent enterprises in Japan in 2022, a 5% increase. The newspaper notes that the number grew for the first time in three years. Additionally, if the total debt of bankrupt enterprises was $8.3 billion in 2021, it was already $17.4 billion in...

U.S. retail sales rise by 7.6% over the holiday season - 12/27/2022

From November 1 to December 24, retail sales in the US increased 7.6% over the corresponding period in 2021, said Mastercard Spending Pulse, a research division that monitors Mastercard card purchases. Sales for the holiday season were expected to grow by 7.1%, although the growth was higher than what Mastercard Spending Pulse forecasted in September. However, the figures fell short of the 8.5%...

SWIFT: Global RMB settlements grew faster than other currencies in November - 12/27/2022

According to SWIFT's monthly bulletin, RMB payments increased by more than 15.6% in November 2022 compared to a 19.86% fall in October. Only 3.9% more payments were made in other foreign currencies during the month. The demand for international payments placed the Chinese yuan in the fifth position with a share of 2.37% (up from 2.13% in October). With a share of 1.63% in November's...

ECB: We will keep raising key rate - 12/26/2022

The ECB will keep raising the key rate in 2023, according to spokesman Knot. According to Klaas Knot, the head of the Dutch central bank, the ECB will tighten monetary policy between now and July 2023 at "a pretty decent pace." The key rate will be growing by 0.5 percentage points until it reaches its summer high, reports The Financial Times on Monday. In an interview, Knot stated, "The...
1 2 3 4 5 » ... 164