Weekly Commentary: 15th January – 19th January 2024
Global Economy Earlier this week, China released its Q4:2023 GDP figures. According to the data, Gross domestic product (GDP) grew 5.2% YoY in Q4:2023 (vs. 4.9% in Q3:2023). On a QoQ basis, however, GDP grew by 1.0% in Q4:2023, slowing from a revised 1.5% gain in the previous quarter. Elsewhere, in the UK, the Office […]
Weekly Commentary: 8th January – 12th January 2024
Global Economy The US Bureau of Labor Statistics (BLS) published US December 2023 CPI data earlier this week. The Headline Consumer Price Index (CPI) rose 0.3% MoM in December 2023, up from 0.1% MoM in November 2023. In December 2023, the Core Index—which excludes food and energy—rose by 0.3% MoM, remaining constant from November 2023. Several indexes saw […]
Weekly commentary 2nd January – 5th January 2024
Global Economy China’s private Caixin Manufacturing Purchasing Managers’ Index (PMI) reached 50.8 in December 2023, its highest level in four months, earlier this week, suggesting a steady rebound in the country’s medium- and small-sized firms. According to the report, firms experienced a more robust rise in output and new orders from the market. The fastest […]
Weekly Commentary and Stock Recommendation: 27th December – 29th December 2023
Global Economy The US Labor Department made data on initial unemployment claims available over the week. The week before Christmas saw an increase in first unemployment claims, according to the agency, as the once-hot labor market continued to drop. For the week ending December 2023, the number of first applications for unemployment benefits increased by […]
Weekly Commentary and Stock Recommendation: 18th December – 22nd December 2023
Global Economy Earlier this week, the Office of National Statistics (ONS) released UK November 2023 Consumer Price Index (CPI) data. According to the ONS, The CPI rose by 3.9% YoY in November 2023, down from 4.6% YoY in October 2023. On a MoM basis, CPI fell by 0.2% in November 2023 (vs. +0.4% MoM in […]
Weekly Commentary and Stock Recommendation: 11th December – 15th December 2023
Global Economy Earlier this week, the Federal Reserve kept interest rates unchanged at the end of its policy meeting. The widely expected decision kept the target range for the federal-funds rate at 5.25-5.50%. The median forecast in Federal Open Market Committee members’ latest Summary of Economic Projections has the federal-funds rate ending 2024 at 4.6%. […]
Weekly Commentary and Stock Recommendation: 4th December – 8th December 2023
Global Economy Eurostat published the EU’s Q3 GDP for 2023 earlier this week. The data indicates that, in comparison to Q2:2023, seasonally adjusted GDP in the euro area fell by 0.1% QoQ in Q3:2023 and stayed steady in the EU. The GDP of the EU and the euro area grew by 0.1% QoQ in Q2:2023. […]
Weekly Commentary and Stock Recommendation: 27th November – 1st December 2023
Global Economy Earlier this week, according to the US Bureau of Economic Analysis, the US Real Gross Domestic Product increased at a rate of 5.2% YoY in Q3:2023, according to its revised estimates. The increase in real GDP reflected increases in consumer spending, private inventory investment, exports, government spending, residential fixed investment, and nonresidential fixed […]
Weekly Commentary and Stock Recommendation: 20th November – 24th November 2023
Global Economy Earlier this week, according to S&P Global, the US private sector’s economic activity grew at a moderate rate in November 2023, with the S&P Global Composite PMI remaining stable at 50.7 (vs. 50.7 in October 2023). While the Services PMI slightly increased to 50.8 from 50.6 during the same period, the Manufacturing PMI […]
Weekly Commentary and Stock Recommendation: 13th November – 17th November 2023
Global Economy Earlier this week, the US Bureau of Labor Statistics (BLS) released the October 2023 Consumer Price Index for All Urban Consumers (CPI-U) data. According to the data, inflation was unchanged in October 2023 on a seasonally adjusted basis, after increasing 0.4% MoM in September 2023. YoY, the headline CPI index increased by 3.2%. […]