Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Apr 30 2024
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Profits in China’s industrial sector fell last month on fewer exports and pressures from the country’s ongoing deflationary cycle that did little to spur the consumer economy.
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TOP TREND 2023: OFFICE BUILDING BUST
The number of commercial real estate sales in Europe during this year’s first quarter was 26 percent below the same period in 2023, falling to a value of €34.5 billion, the Financial Times reported.
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: CHINESE SPECULATORS RUN UP GOLD’S PRICE
Speculators taking long positions in gold on the Shanghai Futures Exchange—betting gold’s price will rise—have boosted their number of bets by almost 50 percent since September, according to the Financial Times.
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LUXURY BRANDS DIVERGE AS INDUSTRY NAVIGATES POST-COVID ECONOMY
Kering, the luxury conglomerate that owns Balenciaga, Brioni, and Gucci fashion brands among others, warned that its profit during this year’s first six months could be as much as 45 percent lower than in the same period last year.
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DOLLAR’S STRENGTH OVERPOWERS ASIAN CURRENCIES
The Japanese yen fell below ¥160 to the dollar on this week’s opening trading day, and South Korea’s won recently dipped below 1,400, falling to its lowest mark in almost two years.
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YEN’S VALUE CRASHES TO 34-YEAR LOW
On 29 April, Japan’s yen fell to its lowest value since at least 1990, trading below ¥160 to the dollar, after the country’s central bank left its key interest rates untouched at zero and 0.10 percent. The yen has lost about a third of its value in the past three years.
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COPPER PRICE REACHES $10,000 A TON AMID SHORTAGE FEARS
Copper’s future price briefly topped $10,000 last week for the first time in two years amid fears that demand will once again overcome supplies as manufacturers of clean energy technologies respond to a growing market, Bloomberg reported.
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EUROZONE SHOWS ECONOMIC SPURT IN APRIL
In April, the Eurozone’s flash purchasing managers index (PMI) for the overall economy rose to 51.4 from 50.3 in March, the strongest rating in 11 months. Analysts in a Reuters poll had predicted a reading of 50.8.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.