Introduction Amidst the economic landscape, China’s consumer prices made a notable descent, plunging by 0.5% year-on-year in November 2023. This decline, more pronounced than the prior month’s 0.2% drop, and beyond the anticipated 0.1% fall, signifies the swiftest dive in the Consumer Price Index (CPI) since November 2020. A pivotal contributor to this downward trajectory…
Introduction Amidst a global landscape riddled with mounting challenges, the Japanese economy encountered a notable downturn in Q3 of 2023. Initial estimations painted a picture of a 0.5% contraction, but the final figures revealed a 0.7% shrinkage, a stark contrast to the previously revised 0.9% growth experienced in Q2. This downturn marked the first time…
Introduction On December 6th, Walgreens Boots Alliance stock traded at $21.38, marking a significant 4.24% increase of $0.87 from the prior trading session. A closer look reveals that over the last four weeks, the company experienced a modest 1.25% gain, contrasting sharply with a staggering 47.40% decline in its price over the past year. These…
Introduction: NASDAQ Stock Analysis The US Tech 100 Index saw a notable surge on Wednesday, December 6th, reaching a trading point of 15936, marking a 0.24 percent increase or a 38-point uptick from the prior session. Reflecting on the past four weeks, the USNDX displayed a remarkable 4.19 percent gain, while its year-long trajectory showcased…
Introduction Estée Lauder Companies exhibited a trading price of $138.95 on December 4th, marking a notable increase of $7.01 or 5.31 percent from the previous trading session. Reflecting on the past four weeks, the stock experienced a commendable surge of 23.32 percent. However, over the last 12 months, its value endured a significant decline of…
Introduction: Fed and interest rates In November, the Federal Reserve held firm, maintaining the federal funds rate within the 5.25%-5.5% range for the second successive term. This deliberate action reveals the Fed’s nuanced approach, aiming to balance the critical objectives of taming inflation back to the 2% target without instigating excessive monetary tightening. Policy Emphasis:…
Introduction The China General Manufacturing PMI, a critical indicator of the nation’s economic health, surged to 50.7 in November 2023, surpassing October’s 49.5 and exceeding the projected 49.8. This unexpected upswing marked the highest reading since August, unveiling a promising trajectory for China’s manufacturing landscape. Notably, the upturn in both output and purchasing levels heralded…
Introduction: China PMI In November 2023, China’s official NBS Manufacturing PMI took a slight dip, sliding from October’s 49.5 to 49.4, marking a decline beneath market expectations of 49.7. This trend, now in its second consecutive month, illuminates a critical need for increased governmental support to bolster the country’s economic growth. China PMI Specifically, several…
Introduction Amidst the dynamic world of oil markets, the WTI crude futures hovered resiliently around $76.5 per barrel on Wednesday, displaying a steadfast 2.1% gain from the prior session. Investors, poised on the edge, awaited the crucial OPEC+ meeting, a pivotal event that will shape production policies for the upcoming year, 2024. Saudi Arabia, taking…
Introduction Gold signals shimmered brightly as the precious metal surged past the $2,000 mark per ounce on Monday, marking a significant milestone with its ascendancy to levels unseen in over half a year. November witnessed a commendable uptick of approximately 1.5%, attributing this momentum to the dollar’s pronounced weakness. Traders, in a resounding chorus, bet…
