China Mixed Data Calls For More Stimulus

China’s industrial production and retail sales strengthened notably in November but the low base of comparison made data less reliable to conclude that the recovery is as strong as the figures indicate and adds pressure for more support measures. Industrial production posted an annual growth of 6.6 percent in November following a 4.6 percent rise in October, the National Bureau […]

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2023: The year of the gloomy consumer

Save articles for later Add articles to your saved list and come back to them any time. As we limp towards the end of the consumer annus horribilis that was 2023, for many people, this was the year in that the interest rate Grinch threatened to steal Christmas. The last of this year’s consumer sentiment readings from Westpac reveals the […]

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The West needs to do more to slow down Putin

Save articles for later Add articles to your saved list and come back to them any time. While the rights and wrongs of the war in Gaza consume our ideological passions, a strategic blunder of the first order is unfolding on our doorstep. There is a real danger that a fickle and distracted West will let Vladimir Putin get away […]

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Academy Sports And Outdoors Q3 Net Income Declines; Comps. Down 8.0%

Academy Sports and Outdoors, Inc. (ASO) reported third-quarter net income of $100.0 million, a decline of 24.1% from last year. Earnings per share was $1.31 compared to $1.62. Adjusted earnings per share was $1.38 compared to $1.67. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.59, for the quarter. Analysts’ estimates […]

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Eurozone Economic Confidence Logs Moderate Rise

Eurozone economic confidence improved moderately in November, thanks to higher sentiment among consumers and construction managers, survey results from the European Commission revealed Wednesday. The economic confidence index rose to 93.8 in November from 93.5 in October. The reading came in line with expectations. At -9.5, the industrial confidence index fell unexpectedly from -9.2 in the previous month. The score […]

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German Business Sentiment Improves In November

Business confidence in Germany improved for the third month in a row in November signaling that the largest euro area economy is stabilizing at a low level, survey results from the Munich-based ifo Institute showed Friday. The business climate index rose to 87.3 in November from 86.9 in October. The reading was seen at 87.5. Companies assessed their current business […]

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