Economy News

Economy

U.S. Jobless Claims Drop to 213,000: A Slight Decline Beyond Expectations

The United States reports a decrease in initial jobless claims to 213,000, with the insured unemployment rate steady at 1.2%. The labor market shows signs of resilience with these ...

Economy

Joachim Nagel Urges EU to Invest €1.2 Trillion Annually for Climate Goals

Joachim Nagel, a prominent ECB official, emphasizes the EU's need to invest over €1.2 trillion annually to meet its 2030 climate goals, with Germany requiring €390 billion per year...

Economy

US Treasury Achieves Successful $25B 30-Year Bond Auction at 4.748% Yield

The US Treasury successfully auctioned $25 billion in 30-year bonds at a high yield of 4.748%, with a bid-to-cover ratio of 2.33. The auction reflects current economic trends and i...

Economy

Global Oil Demand Set to Rise: IEA Forecasts 1.1M bpd Growth by 2025

The International Energy Agency forecasts a growth in global oil demand to 1.1 million bpd by 2025, with China, India, and Other Asia leading the increase. Global oil supply is als...

Economy

ECB Stands Firm on 2% Inflation Goal: A Deep Dive into Eurozone's Economic Strategy

The European Central Bank (ECB) has reiterated its commitment to a 2% inflation target for the Eurozone, with future monetary policy decisions to be based on incoming data. The ECB...

Economy

January Sees a Surprising 0.4% Rise in US Producer Prices, Beating Expectations

The US Producer Price Index (PPI) for final demand rose by 0.4% in January, surpassing analysts' expectations. Over the past year, the index increased by 3.5%, with services and go...

Economy

Trump to Enforce Reciprocal Tariffs: A Strategic Move Set for April Launch

US President Donald Trump is set to approve reciprocal tariffs, with a delayed implementation possibly starting April 1. This strategic move, involving a procedural approach throug...

Economy

January Sees a 0.4% Surge in US Producer Prices, Exceeding Expectations

The US Producer Price Index (PPI) for final demand increased by 0.4% in January, exceeding analysts' expectations. The index for final demand services rose by 0.3%, while final dem...