Markets & Industries
European stock markets end Monday trading with a sharp decline - 08/06/2024
Stock market indexes in the biggest Western European countries closed Monday's trading session with a significant drop due to a worldwide selling off of high-risk assets. The global stock market crashed due to increasing concerns about economic downturn in the U.S. and other worldwide areas facing elevated interest rates. Poor statistical information about the U.S. job market, released on Friday,...
Bond ETFs attract record $39 bln in July - 08/05/2024
According to Matthew Bartolini of State Street Global Advisors, bond ETFs saw a record influx of $39 billion in July, reports MarketWatch. He stated that investors were particularly interested in government securities with medium and long-term maturity, as well as corporate loans. They were apparently trying to invest in bonds with decently high yields, according to Bartolini. With inflation...
U.S. IPOs volume reaches $23.2 billion in 2024, surpassing 2023 - 07/31/2024
According to Renaissance Capital, companies in the United States have raised $23.2 billion through initial public offerings (IPOs) since the beginning of the year, which is more than the $19.4 billion total for the entire previous year. 82 businesses have gone public on American exchanges this year, a 37% increase compared to the same period last year. Specifically, last week witnessed the...
UK new mortgage volume in June hit highest since November 2022 - 07/30/2024
Mortgage lending in the UK rose from 1.26 billion pounds ($3.4 billion) in May 2024 to 2.65 billion pounds ($3.4 billion) in June 2024, says the Bank of England. That's the biggest since November 2022 and much more than the 1.2 billion pounds that Trading Economics' survey of analysts consensus predicted. In June, the UK granted almost 60,000 new mortgages, while the number of mortgage...
U.S. GDP grows 2.8% in Q2, stronger than forecast - 07/26/2024
The Commerce Department of the United States announced in a report of preliminary data that the country's economy grew by 2.8% in the second quarter on an annualized basis. Trading Economics reports that analysts expected a gain of 2% on average. The GDP growth rate increased dramatically from 1.4% in the first quarter. Two-thirds of the US economy is made up of consumer expenditure, which...
Germany to invest €20 billion in hydrogen infrastructure - 07/25/2024
The Federal Network Agency (BNetzA) of Germany has received an application from the nation's gas transportation providers to establish a hydrogen pipeline infrastructure by 2032. The estimated length of the hydrogen network is 9,666 kilometers; roughly 60% of the pipelines will be converted from already-existing gas pipelines because building a new hydrogen pipeline might take five to eight years...
UNCTAD: Global trade is growing - 07/24/2024
The UN Conference on Trade and Development (UNCTAD) research predicts that global trade will reach $32 trillion by 2024. Trade was expected to reach $30.7 trillion in 2023, but it won't surpass the record of $32.2 trillion set in 2022. According to data from the first quarter of 2024, trade grew "modestly and gradually" in the start of the year. Quarterly, trade in products grew by 1% and trade...
Stoxx Europe 600's five consecutive days of decline becomes the longest since October 2023 - 07/22/2024
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...
ECB head notes slowdown in Eurozone economy growth in Q2 - 07/19/2024
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...
Eurozone inflation expected to slow to 2.5% in June - 07/18/2024
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...
