In the latest data released by the National Bureau of Statistics, China’s retail sales showed growth of 2.7% in July, exceeding expectations. On the other hand, industrial production only managed a growth of 5.1%, falling short of the forecasted 5.2%. This indicates a mixed performance in the retail and industrial sectors of the Chinese economy.
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The recent extension of gains in the Asia-Pacific markets on Wednesday can be attributed to the news of lower-than-expected producer prices in the U.S. for July. The producer price index, which is a measure of wholesale inflation, only increased by 0.1% last month. This figure was below what economists had anticipated, with expectations set at
The European stock market experienced slight gains on Tuesday, with the pan-European Stoxx 600 index trading 0.2% higher in the afternoon. Despite earlier losses, utilities saw a rise of 0.8% while mining stocks slipped 0.7%. This comes after a mixed closing on Monday, with all eyes on upcoming U.S. and U.K. inflation data. The Office
Recent statements from the Pentagon have revealed that the United States is sending additional troops and military equipment to the Middle East in order to bolster its defenses and support for Israel. This decision comes amidst rising regional tensions, particularly in light of recent events such as the killing of Hamas’ former political chief, Ismail
The intersection of luxury and athletics has taken center stage at the 2024 Paris Olympic and Paralympic Games. From Moët champagne celebrations to custom Louis Vuitton trunks for medal ceremonies, the presence of luxury is undeniable. Carly Duguid, the creative director for tennis star Naomi Osaka, emphasized the perfect combination of luxury fashion and athletics.
Throughout the past week, Wall Street experienced extreme fluctuations in trading activity, leaving investors feeling whipsawed and uncertain. The S & P 500 index fluctuated between its worst day since 2022 to its best day since 2022, reflecting the rollercoaster nature of the market. Despite the initial chaos, the market seemed to have stabilized by
The recent fluctuations in the stock market have left many investors feeling uneasy. The S&P 500 managed to inch upward on Friday after experiencing a significant comeback from Monday’s violent rout. Despite the rollercoaster ride, the broad market index was on the verge of reversing its weekly fall. The S&P 500 traded 0.4% higher and
Apple is known for its innovation in the tech industry, and its latest move to charge users for advanced artificial intelligence features is no exception. Analysts have predicted that Apple could potentially charge up to $20 for its AI system, Apple Intelligence, as the company aims to further grow its services business. This decision could
Sony’s chief financial officer, Hiroki Totoki, recently stated that Sony will not be making another bid for film and TV production group Paramount Global. This decision was confirmed during Sony’s fiscal first-quarter earnings presentation, where Totoki emphasized that acquiring Paramount does not align with Sony’s strategic objectives. Despite previous interest in acquiring the media giant,
Sustained market declines following a recent global sell-off have raised concerns among Morningstar DBRS analysts. These analysts have warned that the lingering market downturn could potentially trigger a self-fulfilling prophecy, ultimately leading to a recession. While the immediate impact of the market declines may be limited, there is a growing fear that a continued sell-off