Major Western European stock indices had a decline on Friday. One of the main causes of the detrimental effect on market sentiment was a significant technical malfunction in Microsoft Corp.'s software. Stoxx Europe 600, a composite index of the biggest European corporations, dropped by 0.8% to 510.03 points. According to Trading Economics, it fell for the fifth straight session, the longest run...

President of the European Central Bank (ECB) Christine Lagarde stated at a press conference following the outcomes of the regulator's meeting on Thursday that while the Eurozone economy grew in the second quarter of 2024, the growth rate is probably slower than it was in the prior quarter. Lagarde believes that the currency bloc's economy will continue to be supported by domestic demand as well...

Annualized consumer prices in the Eurozone increased by 2.5% in June, according to a final statistics report from the European Union's statistical office. The data supported the preliminary estimate and the consensus forecast of analysts surveyed by Trading Economics. Inflation slowed from May's 2.6 percent. Food, drink, and tobacco product prices growth decreased to 2.4% in June from 2.6% in...

The International Monetary Fund (IMF) maintained its 3.2% growth estimate for the global economy in 2024 and maintained its April prediction. The fund revised its forecast in April, increasing them to the current range for the global economy from 3.1%. The predicted 3.3% annual growth rate for the world economy has been raised by 0.1 percentage points. - Up to 3.3%. The prediction for global...

According to European aerospace company Airbus, there will be a 42,430 aircraft worldwide demand for new passenger and freight aircraft between 2024 and 2043. The company’s Global Market Forecast 2023 reads that the two most populous nations in the world, China and India, will be the main growth drivers. The demand for narrow-body aircraft will be 33,510, while the demand for wide-body...

Global smartphone shipments rose 6% year over year in the second quarter of 2024, marking the greatest growth in three years, reads a preliminary analysis from Counterpoint Research. Nearly every region of the world saw sales rise for the third consecutive quarter, with Europe and Latin America experiencing growth rates above 10%. Samsung continues to lead the worldwide smartphone industry with...

Global oil demand is expected to peak at 102 million barrels per day in 2025, according to British oil and gas major BP. The latest version of the BP Energy Outlook report forecasts that energy produced by wind and solar power facilities would increase dramatically at the same time. The two global energy development scenarios that BP researchers take into consideration are the one that follows...

Analysts surveyed by FactSet believe that US corporations whose shares are used to calculate the S&P 500 stock index saw their profits rise by about 9% in the second quarter, marking the biggest growth since the start of 2022. The S&P 500 has increased by almost 16% since the beginning of 2024 thanks to increases in the stock prices of a select group of major technology companies, such as...

According to the Financial Times' calculations based on recently disclosed annual reports, the "Big seven" Western financial firms cut the number of employees in their investment banking divisions in China last year by 13%, or 1.781 thousand individuals, which is the largest reduction in many years. These include JPMorgan Chase & Co., UBS, HSBC, Credit Suisse, Deutsche Bank, Morgan Stanley,...