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Philadelphia Fed Reveals Manufacturing Index Surpassing Expectations in March

News

In a recent report by the Federal Reserve Bank’s Philadelphia Branch, the manufacturing sector index in the Mid-Atlantic region showed a slight decline of 2 points to +3.2 in March. However, this figure surpassed analysts’ expectations, who had anticipated a reading of -2.6 following February’s +5.2. Despite the decrease, the index maintained a positive value, […]

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US Manufacturing-Services PMI Index Hits Two-Month Low in March

News

S&P Global has reported that the Purchasing Managers’ Index (PMI), which amalgamates data from both the U.S. manufacturing and service sectors, dipped to 52.2 in March. This marks the lowest level seen in two months, down from 52.5 in February. Despite the decrease, the PMI index remains above the crucial 50 threshold, suggesting continued expansion

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Asian Stock Markets Rally as Fed Signals Potential Interest Rate Cuts

Markets, News

Following the Federal Reserve’s decision to maintain interest rates and its indication of potential rate cuts this year, Asian stock markets closed on a positive note, with several key indices posting gains. Hong Kong’s Hang Seng surged, closing at 16,863.10 points, up by 320.03 points or 1.93%. The positive momentum was driven by optimism surrounding

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Germany’s March PMI Shows Slight Improvement Amidst Continued Contraction

News

Germany’s preliminary Purchasing Managers’ Index (PMI) for both manufacturing and services sectors, released by S&P Global, revealed a modest increase to 47.4 in March from 46.3 in February. Despite this uptick, the PMI remained below the crucial 50-point threshold for the ninth consecutive month, indicating a continued contraction in business activity. The slight improvement in

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Taiwan Central Bank Raises Interest Rates to 2% Amid Inflationary Pressures

News

In a surprise move, the Taiwan Central Bank has announced an increase in the policy interest rate, raising it to 2% from the previous 1.875%. The decision comes amidst ongoing inflationary pressures faced by Taiwan’s economy and defies predictions made by analysts. The announcement marks the first interest rate hike since March of the previous

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European New Car Sales Surge 10.1% in February Compared to Previous Year

News

The European Automobile Manufacturers Association (ACEA) has reported a significant uptick in new car sales across the European Union (EU), with a remarkable 10.1% increase in February compared to the same period last year. This surge in sales was observed across all major EU markets, signaling robust growth in the automotive sector. According to ACEA,

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