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...Despite the woes of its manufacturers, Germany’s PMI reading rose above the 50 mark that separates growth from decline for the first time in 10 months....
...It is the 10th consecutive month that the eurozone has had a PMI reading below the 50 mark that separates contraction from expansion....
...This marks a sharp increase compared with Prime Minister Giorgia Meloni’s €140bn estimate that she announced last autumn....
...It is the 10th consecutive month that the eurozone PMI reading has been below the key 50 mark that separates contraction from expansion....
...The eighth consecutive PMI reading below the 50 mark, which separates contraction from expansion, indicates the eurozone remains stuck in a rut at the start of this year after stagnating for much of 2023...
...However, the ninth consecutive reading below the 50 mark that separates contraction from expansion indicates the eurozone economy is likely to grow at best only tepidly at the start of this year after stagnating...
The results contrast with high marks given to predecessors Mario Draghi and Jean-Claude Trichet in past studies
...Martin Arnold Will the Fed’s preferred measure of inflation fall further?...
...“International relations are part of a ‘repeated game’: weaponising a currency inevitably reduces its attractiveness and encourages the emergence of alternatives,” he told an event in Riga to mark the 10th...
...The S&P Global PMI index was revised up last week but that left it unchanged at 47.6, remaining well below the 50-mark that separates contraction from expansion....
...The eighth consecutive reading below the 50 mark that separates contraction from expansion indicates the eurozone remains stuck in a rut at the start of this year after stagnating for much of 2023....
...Martin Arnold How is US economic growth holding up? The US economy is expected to have expanded at a slower pace in the fourth quarter as high interest rates bite into business investment....
...Arnold closed the Houston-based fund in 2012 and now runs Arnold Ventures, a philanthropic investment fund he co-founded. The additions bring Meta’s board to 11 members....
...The reading remained below the 50 mark that separates contraction from expansion. But it was higher than expected by economists in a Reuters poll, who forecast a reading of 46.9....
...“Wages will remain elevated for some time given the lagging nature of the European wage-setting process,” said Mark Cus Babic, an economist at Barclays....
...But Mark Wall, chief European economist at Deutsche Bank, said “significantly tighter fiscal policy in Germany”, after the country’s top court left the government with a €60bn hole in its budget, meant its...
...Some fear the shift could even mark a return to the pre-pandemic situation in which the ECB had to shoulder most of the burden for economic stimulus, forcing it to resort to negative interest rates and massive...
...Mark Wall, chief European economist at Deutsche Bank, said there was “a buffer to absorb rising costs”, thanks to spare capacity in the shipping industry, high inventories, elevated profit margins and weak...
...The result remained below the 50 mark that separates contraction from expansion for the sixth consecutive month, signalling eurozone business output continued to shrink....
...Pradhan argued that stubbornly high wage growth represents the main question mark for central bankers as they prepare for the “last mile” of the disinflation journey. But he remains sanguine....
...The result was further below the 50 mark that separates contraction from expansion and lower than the 48 reading forecast by economists in an earlier Reuters poll....
...The country’s zero growth in the third quarter marks a rebound from the previous quarter when gross domestic product fell 0.4 per cent....
...The result was further below the 50 mark that separates contraction from expansion than the 47.4 reading forecast by economists in an earlier Reuters poll....
...Hock Tan, Broadcom’s CEO since 2006, will join the board along with John Arnold, a former top natural gas trader at Enron who went on to set up his own hedge fund, Centaurus Energy, before closing the company...
...September’s rise in unemployment, which economists had forecast would remain at a record low of 6.4 per cent in a Reuters poll, is expected to mark the start of a decline in the eurozone’s job market after...
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