LAST UPDATE 17:23 The US Congress finally approved last night, Friday night, the extensive infrastructure investment plan, as requested by President Joe Biden, who has no choice but to sign this text to allow it to enter into force. The passage of this $ 1.2 trillion plan by the House of Representatives, after the Senate […]
Tag: International financial news
Germany: Lack of qualified staff and immigration
Almost 34 million people are in full-time employment in Germany. This is undoubtedly a record. At the same time, however, the number of job vacancies continues to rise. Employees from years of high birth rate retire and due to low birth rate the number of potential employees at standard working ages decreases. More and more […]
Esther George (Fed Kansas City): There is no doubt that we are in a ‘tight’ job market
Kansas City Fed Chairman Esther George told Reuters on Friday that there was “no doubt” that the US job market was “tight”, adding that he would look carefully at how wage pressures and expectations for inflation as it tries to assess how close the economy is to the Fed’s goal of full employment “We are […]
US: Jobs estimate better in October
Another month of strong employment growth was recorded in October by the US economy, with new jobs exceeding analysts’ estimates, leading to a further decline in unemployment. In particular, the US economy added another 531,000 jobs last month, following a revised September increase of 312,000 jobs from 194,000 initially, according to data released by the […]
Turkey: Rumors of Erdogan’s unacceptable resignation of the Ministry of Foreign Affairs – the pound is falling
A new unrest seems to be underway in the Turkish Ministry of Finance and Treasury, as broadcast by ERT1. According to the opposition newspaper Cumhuriyet, incumbent Prime Minister Lutfu Elvan has submitted his resignation to President Erdogan for “the rapid rise of foreign currencies while depreciating the Turkish pound.” Erdogan does not appear to have […]
Eurozone: Worst estimates for retail sales
Retail sales fell in September, surprising analysts expecting a rise, according to data released today by Eurostat. In particular, retail sales fell by 0.3% on a monthly basis in September, while from the corresponding month of 2020 they increased by 2.5%, as announced by the European Statistical Office. Analysts in a Reuters poll spoke of […]
Guindos (ECB): Inflation will decline in 2022, albeit at a slower pace
Eurozone inflation is expected to decline next year as the drivers of the rise remain temporary, although the slowdown will be slower than previously expected, European Central Bank Vice President Luis de Guindos said today. broadcasts Reuters. “Inflation next year will undoubtedly slow down, but the intensity of the fall may not be what we […]
Germany: Decline in industrial production for the second consecutive month
German industrial production fell in September for the second month in a row as supply chain problems affected factory production. Total industrial production fell 1.1% in September on a monthly adjusted basis, according to the statistical service Destatis. Economists had forecast an increase of 1%, while in August industrial production fell by 3.5% (revised measurement). […]
Australia: Central bank inflation bell
Shortages of goods and materials from congested supply chains could lead to higher-than-expected inflation, the Bank of Australia said. The Reserve Bank of Australia confirmed its updated forecasts for annual underlying inflation at 2.25% at the end of 2022, and at 2.5% a year later. However, he warned that the impact of supply constraints due […]
