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...

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...

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...

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...

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...

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...