ECB Governing Council member Robert Holzmann expressed concerns on Saturday about the risks of further reductions in ECB borrowing costs, particularly regarding their impact on the Euro exchange rate and inflation. Holzmann warned, “If the original assumption of three rate cuts were to materialize, and the Federal Reserve didn’t respond, it would certainly have an […]
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China’s economic data for September painted a mixed picture, with manufacturing remaining in contraction and services sector losing steam. Official NBS Manufacturing PMI edged up slightly from 49.1 in August to 49.7, above expectations of Read more…
New Zealand’s ANZ Business Confidence Index saw a significant rise in September, jumping from 50.6 to 60.9, reflecting growing optimism in the business sector. Key components of the survey also painted a positive picture. The Read more…
Japan’s industrial production took a sharp hit in August, contracting by -3.3% mom, a significant miss compared to market expectations of -0.5% mom decline. The seasonally adjusted production index for factories and mines stood at Read more…