Economy News

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop to 213,000

The US job market remains strong with initial jobless claims dropping to 213,000, slightly below estimates. The 4-week moving average also decreased, and the insured unemployment r...

Economy

Trump Poised to Enact Reciprocal Tariffs: A Strategic Move Delayed Until April?

US President Donald Trump is expected to approve reciprocal tariffs with a delayed implementation, possibly starting April 1. This move involves a presidential memorandum directing...

Economy

US Natural Gas Reserves Dip: A 100 Bcf Decrease Signals Market Shifts

The US natural gas inventories decreased by 100 Bcf to 2,297 Bcf for the week ending February 7, marking a 9.7% drop from last year and a 2.8% decrease from the five-year average, ...

Economy

UK's Trade Deficit Widens to £10 Billion in Q4 2024: A Closer Look

The UK's trade deficit expanded to £10 billion in Q4 2024, with exports falling and imports rising, especially highlighting a significant deficit with the European Union.

Economy

Global Oil Demand to Surge by 1.1 Million Barrels Per Day by 2025, IEA Reports

The International Energy Agency forecasts a 1.1 million bpd increase in global oil demand by 2025, with China leading the growth despite a reduced share. Global oil supply is also ...

Economy

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

The ECB's latest economic bulletin reaffirms its dedication to a 2% inflation target for the Eurozone, with future monetary policies to be shaped by economic data, inflation trends...

Economy

Germany's Inflation Rate Sees a Slight Dip to 2.3% in January, Marking a Decrease from December

Germany's inflation rate slightly decreased to 2.3% in January from December's 2.6%, with the Consumer Price Index dropping by 0.2% monthly. The Harmonized Consumer Price Index ros...

Economy

Eurozone's Industrial Production Takes a Hit: A 1.1% Decline in December Signals Economic Slowdown

The Eurozone's industrial production saw a 1.1% decline in December, with a 2% year-over-year drop, signaling economic slowdown. Sector analysis shows mixed results, with significa...