NATURALDEPOSIT

Asian Stock Markets Tumble as US Bond Yields Soar to 16-Year High

Asian stock markets experienced a sharp decline this morning as US government bond yields surged to their highest level in 16 years, triggering concerns among investors across the region. In Thailand, the Stock Exchange of Thailand (SET) faced headwinds throughout the trading session, eventually closing at 1,451.25 points. This marked an increase of 3.95 points …

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Eurozone PMI Rises in September, Yet Persistent Contraction Signals Economic Challenges

News

The Eurozone Purchasing Managers’ Index (PMI) data, jointly released by Hamburg Commercial Bank (HCOB) and S&P Global, has shown a modest uptick in September, with the index climbing to 47.2, compared to the 46.7 reading recorded in August. While the increase in the PMI is encouraging, it is essential to underscore that any reading below …

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German Services Sector Shows Signs of Recovery in September, Final PMI Data Reveals

News

The latest survey results indicate that Germany’s service sector experienced a modest revival in September, following a downturn in activity observed during the previous month. According to the Final Services Purchasing Managers’ Index (PMI) data, the index climbed to 50.3 in September, marking a notable improvement from the 47.3 reading registered in August. A reading …

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Eurozone Retail Sales Plunge Beyond Expectations in August Amid Rampant Inflation

News

The latest data from the European Union’s statistics office, Eurostat, has revealed that retail sales within the Eurozone witnessed a more substantial decline than anticipated in August. This sharp drop in consumer spending is primarily attributed to the persistent poison of inflation, which has significantly dampened economic activity across the euro area. According to the …

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UK Services Sector Contracts Less than Expected in September; Bank of England Maintains Interest Rates

News

In a surprising turn of events, business activity in the United Kingdom’s services sector contracted less than initially anticipated in September. This development was driven by a more pronounced slowdown in inflation figures than expected. Additionally, the decision by the Bank of England (BoE) to maintain interest rates at 5.25% came as an unexpected move …

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Singapore Grants Full Approval to Ripple for Operations in the Country

News

Ripple, a prominent U.S.-based blockchain and cryptocurrency trading company, announced today that it has secured a significant payment institution license in Singapore, marking a significant stride in its expansion within the Asia Pacific region. This achievement comes merely four months after the Monetary Authority of Singapore (MAS) granted preliminary in-principle approval to Ripple in June. …

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France’s Services Sector PMI Contracts to 44.4 in September, Marking Steepest Contraction in Nearly Three Years

News

A recent survey conducted by S&P Global, released on October 4, revealed that France’s services sector witnessed a significant contraction in business activity during September, marking the most severe downturn in nearly three years. The decline in new orders, coupled with sluggish exports and imports, has had a notable impact on the French economy. The …

France’s Services Sector PMI Contracts to 44.4 in September, Marking Steepest Contraction in Nearly Three Years Read More »

Vietnam’s Economy Expected to Grow 4.7% in 2023, Followed by 5.5% Growth in 2024, Says World Bank

News

According to a recent report from the World Bank, Vietnam’s economy is projected to experience a growth rate of 4.7% in 2023, primarily due to weaker external and domestic demand. However, the outlook for the Vietnamese economy remains optimistic, with an anticipated recovery and growth of 5.5% in 2024 and 6% in 2025. The report, …

Vietnam’s Economy Expected to Grow 4.7% in 2023, Followed by 5.5% Growth in 2024, Says World Bank Read More »

Thai Agricultural and Industrial Exports to FTA Partner Markets Show Continuous Growth

News

The Department of International Trade Negotiations has revealed that Thai agricultural and processed agricultural product exports to Free Trade Agreement (FTA) partner markets have continued to flourish throughout the first eight months of 2023. This remarkable growth extends to a variety of products, including fruits, rice, chicken, shrimp, sugar, canned seafood, ice cream, as well …

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South Korean Industrial Output Surges by 2.2% in August, Marking Strongest Growth in Over Two Years

News

South Korea’s industrial output has experienced a remarkable surge, reaching its highest level in over two years. The robust growth was primarily fueled by a substantial increase in semiconductor chip production, as reported by the South Korean Statistics Office on Wednesday, October 4. The latest data reveals that industrial production, excluding the agriculture, livestock, and …

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