China’s inflation rate sharply plummeted in October and reached an annual inflation rate of 5.5% – the lowest level since May 2011 and sharpest single month drop since 2009. In addition there was a slowdown in the growth of industrial…
The U.S. labor force continued to grow in October after it had grown in September: according to the recent U.S. employment report, which was published today, November 4th by the Bureau of Labor Statistics the number of non-farm employees inclined…
Today the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 52.9% in October. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 23rd consecutive…
Following a two day meeting of the Federal Open Market Committee, it was decided to keep the monetary policy in the same direction with no earth-shattering changes. But Bernanke in the press conference kept the door open of an additional…
The speculation around the Greek Referendum is high: Following the big news that struck Europe of the Prime Minister of Greece Papandreou putting the EU plan of the Greek debt to a referendum, it was suggested that Papandreou will back out…
As expected the European Central Bank lower its basic interest rate by 0.25 percent points from 1.5% to 1.25%. Mario Draghi, President of ECB, in his first rate decision press conference followed through with the expectations of the market and…
Following last week’s EU agreement on a reduction on the Greek debt, it seems that the crisis isn’t averted just yet: the Prime Minister of Greece Papandreou has put the European Union’s debt plan to a public vote by the…
Today the U.S. Manufacturing ISM report was published and the U.S. Manufacturing PMI reached 50.8% during October. The U.S. Manufacturing PMI, which is an index that shows the economic activity in the U.S. manufacturing sector, grew for the 27th consecutive…
The bureau of economic analysis published today its advance estimate of U.S. GDP 2011 third quarter of 2011: According to the report, the growth rate of the real U.S GDP 2011 in the third quarter of 2011 was 2.5%; in…
After ten hours of deliberations the EU leaders have managed to reach an agreement regarding the main issues of the European debt crisis. The EU leaders agreed to make a 50% haircut on the Greek debt; they have also agreed…