Halifax, the U.K.’s largest mortgage lender, announced today (Jan. 6) that house prices in the U.K. fell 1.5% in December from the previous month. Year-over-year, House prices rose 2.0% in December.
Saudi Arabia’s state oil company Aramco announced Thursday that it had lowered the price of Arab Light Crude for customers in Asia. It was about $1.80 per barrel higher than the average Oman/Dubai oil price. This was the lowest price since Nov. 2021. Aramco lowered its price by $1.45 per barrel from the official January …
The share price of a Chinese real estate developer rose today. The positive factor was additional stimulus measures to revive the real estate sector, which is facing debt problems. China is preparing to officially open the country on Sunday, January 8 The Hong Kong-listed index of Chinese property stocks rose 4% shortly after the market …
Chinese property stocks rise after the government takes action to subsidize buyers Read More »
Automatic Data Processing Inc (ADP) announced that nonfarm payrolls increased by 235,000 in December. This was above analysts’ expectations of a 153,000 increase from 127,000 jobs in November. The service sector posted a gain of 213,000 jobs in December, while the manufacturing sector added 22,000 jobs.
The S&P Global/CIPS UK Services Purchasing Managers’ Index (PMI) rose to 49.9 in December, its highest reading since September (48.8 in November). The PMI index remains below the 50 mark, suggesting that UK services sector activity continued to contract in December, for the third month in a row. The PMI was impacted by still high …
UK services PMI falls for the third month in December Read More »
Germany’s statistics office said Wednesday (Jan. 5) that German exports fell in November 2022, contrary to expectations, continuing to be weighed down by high inflation and market uncertainty. However, supply chain issues have begun to ease somewhat. Exports fell 0.3% in November 2022, beating analysts’ expectations for a 0.2% increase. Exports for October were revised …
According to a survey conducted by Caixin/S&P Global, China’s Purchasing Managers’ Index (PMI) continued to decline in December due to the number of people infected with COVID-19. The increase has affected demand in the service sector. The service sector PMI was 48.0 in December, although it had risen from 46.7 in November; an index below …
S&P Global announced that the final Purchasing Managers’ Index (PMI) for the eurozone services sector rose from 48.5 in November to 49.8 in December, its highest level in four months. The PMI index is still below the 50 mark, indicating that service activity in the eurozone continues to decline. The PMI was affected by the …
Eurozone service sector activity shrinks further in December Read More »
The au Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) fell to 48.9 in December from 49.0 in November. Although the index was slightly above the preliminary mark of 48.8, this was the lowest level since October 2020 and the second month the index was below 50, which is the dividing line between expansion and …
Japanese manufacturing activity shrinks to lowest level in more than 2 years in December Read More »
JLC and Longzheng A consulting firm that monitors China’s fuel quota policy said Tuesday that China has increased its export quotas for refined petroleum products by nearly half in the first tranche of this year compared with last year. This is an attempt to boost refining and capture a larger export market share in the …
China raises fuel export quota for first tranche 2023 to boost refining Read More »