Weekly Economic Roundup:
In this weekly edition, we will be discussing some key economic indicators and
Unemployment Rates:
The US labor market showed signs of improvement, with the
unemployment
, as figures showed an uptick to 7.4% from the previous month’s 7.3%.
Inflation:
In the United States, the Consumer Price Index (CPI) rose by 0.2% in September – less than anticipated – bringing the year-over-year increase to 1.4%. Meanwhile, Europe’s Harmonized Index of Consumer Prices (HICP) increased by 0.3% month-over-month, with an annual rise of 1%.
Gross Domestic Product (GDP):
The US economy grew at an annual rate of 2% in the third quarter, according to preliminary data from the
Stock Markets:
The S&P 500 set a new record high on the back of strong corporate earnings and optimism regarding US-China trade talks. Europe’s major stock markets, such as the
FTSE 100
, also saw gains, boosted by positive economic data and geopolitical developments.
Central Bank Policymaking:
The European Central Bank (ECB) kept interest rates unchanged, reaffirming its commitment to maintaining an accommodative monetary policy. The
Oil Prices:
Crude oil prices continued their upward trend, with Brent and