Weekly Commentary and Stock Recommendation: 9th September – 13th September 2024
Global Economy Earlier this week, according to the Chinese National Bureau of Statistics, China’s Consumer Price Index (CPI) rose by 0.6% YoY in August 2024 after reporting a 0.5% YoY growth in July 2024. Food prices climbed by 2.8% YoY in August, with Pork prices surging by 16.1% YoY, and vegetable prices climbing by 21.8% […]
Weekly Commentary and Stock Recommendation: 2nd September – 6th September 2024
Global Economy Earlier this week, according to a private sector survey, the Caixin/S&P Global manufacturing Purchasing Manager Index (PMI) rose to 50.4 points in August 2024 from 49.8 points the previous month, more positive than the recent official PMI survey showing manufacturing activity extended declines in August 2024. According to the survey, which mostly covers […]
Weekly Commentary and Stock Recommendation: 26th August – 30th August 2024
Global Economy Earlier this week, the US Bureau of Economic Analysis (BEA) issued a revised GDP estimate for Q2:2024. According to the BEA, real GDP increased at an annual rate of 3.0% in Q2:2024, according to the second estimate (compared to 1.40% YoY in Q1:2024). Compared to the first quarter, the growth in real GDP […]
Weekly Commentary and Stock Recommendation: 19th August – 23rd August 2024
Global Economy Earlier this week, S&P Global released a series of Purchasing Managers’ Index (PMI) reports for the US, UK and Eurozone. The headline S&P Global Flash US PMI Composite Output Index edged down from 54.3 points in July 2024 to a four-month low of 54.1 points in August 2024. Output has now risen continually […]
Weekly Commentary and Stock Recommendation: 22nd July – 26th July 2024
Global Economy Earlier this week, S&P Global published a series of Purchasing Manager Index (PMI) data for key global economies. The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index decreased to 50.1 in July 2024 from 50.9 in June 2024, hovering just above the no-change mark and indicating near-stagnation in private sector activity. Although […]
Weekly Commentary and Stock Recommendation: 15th July – 19th July 2024
Global Economy According to the Office of National Statistics, the UK’s Consumer Prices Index (CPI) rose by 2.0% YoY in June 2024, unchanged from May 2024. On a MoM basis, CPI rose by 0.1% in June 2024, the same rate as in June 2023. Core CPI (excluding energy, food, alcohol and tobacco) rose by 3.5% […]
Weekly Commentary and Stock Recommendation: 8th July – 12th July 2024
Global Economy Earlier this week, data from the Chinese National Bureau of Statistics (NBS) showed China’s inflation was modest in June 2024. According to the NBS, China’s national consumer price index (CPI) increased by 0.2% YoY, compared to a 0.3% YoY increase in May 2024. Among them, urban prices rose by 0.2% YoY, while rural […]
Weekly Commentary and Stock Recommendation: 1st July – 5th July 2024
Global Economy A private Purchasing Manager Index (PMI) survey released earlier this week stated that the Caixin/S&P Global manufacturing PMI increased to 51.8 in June 2024 from 51.7 in May 2024, which was the quickest clip since May 2021. For eight months running, the index—which primarily includes smaller, export-focused businesses—has been above the 50-point threshold […]
Weekly Commentary and Stock Recommendation: 24th June – 28th June 2024
Global Economy According to the US Bureau of Economic Analysis, US Real gross domestic product (GDP) increased by 1.40% YoY in Q1:2024, according to its “third” estimate (vs. 3.40% YoY in Q4:2023). The increase in real GDP primarily reflected increases in consumer spending, residential and nonresidential fixed investment, and state and local government spending that […]
Weekly Commentary and Stock Recommendation: 20th May – 24th May 2024
Global Economy Earlier this week, the UK Office of National Statistics released April 2024 Consumer Price Index (CPI) data. The CPI rose by 2.3% YoY in April 2024, down from 3.2% YoY in March 2024. On a monthly basis, CPI rose by 0.3% MoM in April 2024, compared with a rise of 1.2% MoM in […]