China industrial profit continued to decline in September due to expanding deflationary pressure, according to data released by China’s National Bureau of Statistics on October 27. Profits for large-scale industrial enterprises fell by 27.1% year-on-year in September, down 9.3 percentage points...

U.S. economic activity remained stable across most regions, according to the Beige Book released by the Federal Reserve on October 23, and it lowered market expectations for further rate cuts. A survey conducted by the 12 Federal Reserve Banks showed that economic activity was flat in most region...

The U.S. initial jobless claims have decreased last week, while continuing claims have reached their highest level in nearly three years, potentially reflecting increased difficulty for workers in finding new employment. The U.S. initial jobless claims for the previous week were 227,000, a decrea...

The Bank of Canada announced a 50 basis point rate cut to 3.75% on October 23, in line with market expectations, marking the largest rate reduction since the onset of the COVID-19 pandemic in March 2020. Read more at Datatrack Bank of Canada Governor Tiff Macklem stated that price pressures are ...

U.S. existing home sales in September fell by 1% month-on-month and 3.5% year-on-year to 3.84 million units, near a 14-year low, according to data released by the National Association of Realtors (NAR). Read more at Datatrack   The existing home inventory increased by 1.5% in September t...