A win would give Friedrich Merz the daunting task of rebuilding a German economy that hasn’t grown since 2019—and establish him as Europe’s main counterpart to Donald Trump. Source link
By Anton Bridge TOKYO (Reuters) – Japanese technology investor SoftBank (TYO:) Group is expected to report a 287 billion yen ($1.87 billion) quarterly profit on Tuesday, boosted by successful portfolio company listings even as a stronger yen dampened foreign currency-denominated gains. Analysts are also looking out for signs of new investment momentum driven by SoftBank’s robust balance sheet and management’s bullish stance on artificial intelligence (AI). The net profit forecast
A general view shows the skyline over the central business district in Beijing on Feb. 28, 2023. Jade Gao | Afp | Getty Images BEIJING — China’s parliament will hold a highly anticipated meeting Nov. 4 to 8, state media said Friday, according to a CNBC translation. Investors have been awaiting news of the gathering of the standing committee of the National People’s Congress, which is expected to announce details
Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter. Source link
Private job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labor disruptions, ADP reported Wednesday. The payrolls processing firm said companies hired 233,000 new workers in the month, better than the upwardly revised 159,000 in September and far ahead of the Dow Jones estimate for 113,000. ADP said it was the best month for job
Hiring signs outside a Stewart’s gas station in Catskill, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty Images Powerful hurricanes and a major labor strike could take a chunk out of the nonfarm payrolls count for October, which is expected to be the slowest month for job creation in nearly four years. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to
Gold futures fell, caused by a stronger U.S. dollar and a sharp rise in bond yields, but it’s a temporary dip as the precious metal should remain in demand as a hedge against inflation, which is likely to rise under president-elect Donald Trump, Commerzbank said. Source link
Bond markets are likely to stabilize, awaiting clarity on U.S. policies after the elections, Societe Generale said, expecting the 10-year Treasury yield to remain in the 4%-4.5% range, while the two-year yield will remain pegged. Source link
