The eurozone composite purchasing managers’ index (PMI), which encompasses both manufacturing and services, fell from 49.9 in July to 48.9 in August, hitting an 18-month low. and with the result below 50 showing that activity continues to contract, according to a final survey released this Monday (5) by S&P Global. The final August figure was […]
Sophia
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
Carrefour transforms Maxxi wholesale stores into Atacadão
Carrefour Brasil announced last Friday (2) the delivery of the first four stores converted from the Maxxi cash and carry store to the Atacadão banner. They are part of a total of 124 stores acquired from Grupo Big (formerly Walmart) that will be transformed into other banners over two years, at a cost of R$2.1 […]
Dollar drops on low liquidity day with US and European holidays on the radar
O dollar fell 0.24%, quoted at R$ 5.171, around 9:20 am this Monday (5), reflecting a day with low liquidity due to the holiday in United States with Brazil still benefiting from an inflow of capital. The biggest concern of investors is the supply of natural gas from Russia to Europe . THE European Union […]
EU rushes to help energy companies as Russian gas paralyzes markets
European gas prices soared, share prices fell and the euro tumbled on Monday after Russia stopped pumping gas to Europe via a key supply route, sending a new tsunami across the country. economy of the European Union that has not yet recovered from the Covid-19 pandemic. EU governments are racing with multi-billion dollar packages to […]
Market raises GDP forecast for 2023 again, shows Focus
The financial market forecast for economic growth in 2023 has risen again. According to the Focus Bulletin, released this Monday (05), the market expects growth of 0.47% for the country. A week ago, expectations were up 0.37%. The values are still well below those projected by the government’s economic team in the 2023 Annual Budget […]
Asian stocks close mostly lower after losses in NY and Chinese PMI
Asian stocks closed mostly lower on Monday (5), after a round of losses on Wall Street and a new drop in Chinese services activity. Japan’s Nikkei stock index was down 0.11% in Tokyo today to 27,619.61 points, while the Hang Seng was down 1.16% in Hong Kong to 19,225.70 points, the South Korean Kospi fell […]
Argentina offers incentive to boost soybean exports
Argentine Economy Minister Sergio Massa announced new incentives starting on Monday (5th) for soy producers to increase sales from their stocks, accessing a better exchange rate, in an attempt to increase exports and hard currency reserves. The announcement, made on Sunday, covers incentives that are expected to last until September 30. An agricultural powerhouse, Argentina […]
Inflation of personal hygiene items makes Brazilians save money when showering
Rising inflation has led lower-income Brazilians to make choices not only when buying food, but also when using basic personal hygiene products, such as soap and shampoo. In the second quarter of this year, the number of showers without using soap increased by 9% among those who take the second daily shower, compared to the […]
Iron ore rises 4% after “sell-off” due to Covid-19 problems in China
Iron ore futures rallied on Monday after last week’s sell-off, with traders betting that the price drop has been hit despite lingering concerns about heightened Covid-19 restrictions in the US. China, the world’s largest steel producer. January’s top-traded iron ore on China’s Dalian Commodity Exchange ended trading up 4% at 692 yuan ($99.85) a tonne. […]
Understand how a recession in Germany could affect the European Union
Germany’s importance to Europe’s economy is significant. The country is an important exporter of technological, chemical and industrial products, in addition to being the fourth largest economy in the world. However, the German economy, which was already showing a loss of competitiveness, is now facing the economic difficulties generated by the effects of the Covid-19 […]