Daily Management Review
Economics

State Bureau of China: Profits of large industrial enterprises in China fell by 2.1% in January-August

According to data issued on Tuesday by China's State Statistics Office, the profit of China's big industrial firms in the first eight months of 2022 was 5.525 trillion yuan ($771 billion), a decline of 2.1 percent from the same period in 2021. Chinese businesses involved in the extractive industry...

A Recession Is Likely In Euro Zone As Demand Impacted By Price Rises

According to a survey, the decline in business activity across the euro zone widened in September, and consumers cut back on spending as a result of the rising cost of living.   After Russia's invasion of Ukraine, gas prices skyrocketed, which particularly hurt manufacturers. Meanwhile, the...

Bank of America: government bond markets on the verge of their worst performance since 1949

The government bond markets, according to Bank of America Corp. strategists, are about to have their worst year since 1949, when Europe was still recovering from World War II. The tightening of monetary policy by several nations is tied to the decline in government bonds. According to Bloomberg,...

German Economic Decline Intensifies In September, With Bleak Prospects

According to a preliminary survey released on Friday, the decline in German business activity widened in September as higher energy costs hit the continent's biggest economy and companies experienced a decline in new business.   The manufacturing and service sectors, which together make up...

The Worst Bond Market Since 1949, According To Bank Of America

According to a note published on Friday by BofA Global Research, investor sentiment has reached its lowest level since the financial crisis, and global government bond losses are on track to have their worst year since 1949.   The world's most active trades, including bets on the dollar that...

Japan Resists The Global Trend To Tighten By Maintaining Ultra-Low Rates

The Bank of Japan fought against a global tide of monetary tightening by central banks fighting to control skyrocketing inflation by maintaining ultra-low interest rates on Thursday and vowed to maintain them there to support economic growth.   The decision was made after the U.S. Federal...

US Fed's Powell Pledges To "Keep At It" After It Announces Another Significant Rate Hike

As the US central bank increased interest rates by 0.75 per cent for the third time in a row and hinted that borrowing costs would continue to rise this year, Federal Reserve Chair Jerome Powell vowed that he and his fellow policymakers would "keep at" their fight to contain inflation....

OPEC+ countries' oil production deficit reaches record 3.58M bpd

A record 3.58 million bpd less oil than it should be is being produced by OPEC+. According to Reuters, who used data from the group of oil-producing nations, that amounts to around 3.5% of the world's consumption. The supply shortfall of OPEC+, which results from its members' record-low daily...

Japan's Inflation Remains Above The BOJ's Target Despite Reaching A Nearly 8-Year High

As price pressure from raw materials and yen weakness widened, Japan's core consumer inflation accelerated to 2.8 per cent in August, reaching its fastest annual pace in almost eight years and exceeding the central bank's 2 per cent target for a fifth straight month.   Even though many still...

Japanese authorities open reserve fund to support population

Distribution of 3.49 trillion yen (24.35 billion yen) from the reserve fund for the current fiscal year, which started on April 1, has been approved by the government of Japan in order to help the populace amid rising food and gasoline prices. The NHK news channel reports that the solutions include...
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