Daily Management Review
Economics

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...

Global Cargo Market Is Contracting As The Economy Weakens, Pointing To A Bleak Christmas

Global trade indicator companies such as FedEx and Cathay Pacific Airways have cast a pall over the year-end holiday shopping season, pointing to weaker-than-expected consumer demand rather than a Christmas bonanza.   The bleak outlook comes as consumers around the world struggle...

China's Economy Is Improving, But It Is Hampered By The Property Crisis

The Chinese economy exhibited unexpected resilience in August, with faster-than-expected growth in factory output and retail sales bolstering a fragile recovery, but a deepening property slump weighed on the outlook.   The better-than-expected figures indicate that the world's second-largest...

EU Is Seeking $140 Billion To Protect Consumers From The Energy Crisis

The European Union's executive highlighted plans to collect more than $140 billion from energy companies to help protect households and businesses from rising prices that threaten economic recession and insolvency.   European gas and power prices have skyrocketed this year as Russia reduces...
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