UK inflation in June hits highest in 40 years | RYT9
British inflation hit a 40-year high in June. This has exacerbated the cost of living crisis and increased pressure on the Bank of England (BoE) to proactively raise its policy interest rate in August. The UK’s Office for National Statistics (ONS) said today that the UK Consumer Price Index (CPI) rose 9.4 percent in June […]
South Korea’s 15-Month Consecutive Employment Increase | RYT9
The South Korean National Statistical Office reported today that South Korea’s May job figures stood at 28.49 million, an increase of 935,000 jobs year-on-year. Record increases for up to 15 consecutive months as the economy is still in a recovery direction. Despite the global economic uncertainty May jobs were stronger than April’s increase of 865,000 […]
The UK’s Q1/16 GDP grew 0.8%, lower than expected.
The British Office for National Statistics (ONS) revealed today that The British economy continued to expand in 1Q22, despite a slowdown from the last quarter of 2021 and showing signs it could stall growth in March. Due to the cost of living crisis affecting various activities The ONS reported that Britain’s gross domestic product (GDP) […]
Hong Kong stock markets: Hang Seng closes down 235.18 points, PMI worries
The Hang Seng Index, the Hong Kong Stock Exchange, closed lower today. After the China National Bureau of Statistics (NBS) reported today that Purchasing Managers’ Index (PMI) manufacturing and service sectors contracted in March. As China’s economy has been hit by measures to control the spread of COVID-19. The Hang Seng Index closed today at […]
China Stock Market: Shanghai Composite closed up 20.59 points, on PMI response.
The Shanghai Composite Index, China’s stock markets closed higher today. After China released the Purchasing Managers Index (PMI), the manufacturing and service sectors continued to expand well in December. The Shanghai Composite Index closed at 3,639.78, up 20.59, or +0.57%. China’s National Bureau of Statistics (NBS) reported today that The Purchasing Managers’ Index (PMI) for […]
