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Stock market today: Asian shares slip after Wall Street ends its best month of '23 with big gains
HONG KONG (AP) — Asian shares declined on Friday even after Wall Street closed out its best month of the year with big gains in November.
Stock market today: Asian shares mixed ahead of US consumer confidence and price data
BANGKOK (AP) — Shares were mixed in Asia on Tuesday after Wall Street benchmarks edged lower as investors waited for updates on inflation and how American consumers are feeling about the economy.
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US economic growth for last quarter is revised up to a 5.2% annual rate
WASHINGTON (AP) — Shrugging off higher interest rates, America's consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported Wednesday in an upgrade from its previous estimate.
The world economy will slow next year because of inflation, high rates and war, OECD says
WASHINGTON (AP) — The global economy, which has proved surprisingly resilient this year, is expected to falter next year under , still-elevated inflation and continued high interest rates.
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Business News Digest
The highlights of the AP Business report. All times EDT. An up-to-the minute listing of all business stories planned is available in Coverage Plan on AP Newsroom, http://newsroom.ap.org/coverageplan. For access to AP Newsroom and other technical issues, contact AP Customer Support at 877-836-9477 or apcustomersupport@ap.org.
Stock market today: Asian stocks pulled lower by profit warnings and signs the US economy is slowing
HONG KONG (AP) — Asian stocks were mostly lower Friday after Wall Street drifted to a mixed finish as momentum slowed following a strong rally in the first half of November.
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European Commission lowers growth outlook and says economy has lost momentum during a difficult year
FRANKFURT, Germany (AP) — The European Union's executive commission lowered its growth forecast for this year and next, saying the economy “has lost momentum” in 2023 as inflation weighs on consumer spending and higher central bank interest rates deter borrowing for purchases and investment.
China's economy shows sparks of life, despite persisting weakness in troubled real estate sector
BEIJING (AP) — China's economy showed more signs of reviving in October as retail sales and manufacturing picked up though the property sector remained sluggish, the government said Wednesday.
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Stark UN report on devastation to Palestinian economy shows GDP fell 4% after a month of war
UNITED NATIONS (AP) — A U.N. report paints a stark picture of the devastation of the collapse of the Palestinian economy after a month of war and Israel’s near-total siege of Gaza.
German government advisers see only modest economic growth next year
BERLIN (AP) — Germany's economy will shrink by 0.4% this year and grow only by a relatively modest 0.7% next year, the government's panel of independent economic advisers forecast Wednesday.
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US jobs report for October could show solid hiring as Fed watches for signs of inflation pressures
WASHINGTON (AP) — America's employers likely kept hiring at a healthy pace last month, defying high interest rates, rising pressure on consumers and labor strikes that idled big swaths of the nation's auto industry.
Powell likely to underscore inflation concerns even as Fed leaves key rate unchanged
WASHINGTON (AP) — For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a second straight policy meeting — the clearest sign to date that the Fed is edging closer to the end of its rate-hiking campaign.
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Chinese factory activity contracts in October as pandemic recovery falters
HONG KONG (AP) — An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing.
Stock market today: Asian shares rebound following latest tumble on Wall Street. Oil prices gain $1
HONG KONG (AP) — Asian shares advanced Friday after the latest tumble on Wall Street, where the S&P 500 fell to its lowest level in five months.
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Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan
WASHINGTON (AP) — Economic crises are rippling through the countries bordering Israel, raising the possibility of a chain reaction from the that further worsens the financial health and political stability of Egypt, Jordan and Lebanon and creates problems well beyond.
Stock market today: World shares mixed after China pledges more support for slowing economy
BANGKOK (AP) — World shares were mixed Wednesday after China pledged more spending to energize its economy.
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Inflation in UK unchanged at 6.7% in September, still way more than Bank of England's target of 2%
LONDON (AP) — Inflation in the U.K. held steady at 6.7% in September as easing food and drink price rises were offset by higher prices at the pump for motorists, official figures showed Wednesday.
How major US stock indexes fared Tuesday, 10/17/2023
Wall Street drifted following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking.
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China's exports, imports fell 6.2% in September as global demand faltered
HONG KONG (AP) — China’s exports and imports both fell in September from a year earlier, though they contracted at a slower pace even as global demand remained muted.
German government forecasts that the country's economy will shrink by 0.4% this year
BERLIN (AP) — Germany's government said Wednesday that it expects to shrink by 0.4% this year, joining a string of other forecasters in revising sharply downward its outlook for Europe's biggest economy.
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Economic spotlight turns to US jobs data as markets are roiled by high rates and uncertainties
WASHINGTON (AP) — Job growth in the United States has remained resilient for the past 2 1/2 years even after high inflation flared and the at the fastest pace in four decades.
Business News Digest
The highlights of the AP Business report. All times EDT. An up-to-the minute listing of all business stories planned is available in Coverage Plan on AP Newsroom, http://newsroom.ap.org/coverageplan. For access to AP Newsroom and other technical issues, contact AP Customer Support at 877-836-9477 or apcustomersupport@ap.org.
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South Asia is expected to grow by nearly 6% this year, making it the world's fastest-growing region
NEW DELHI (AP) — South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the World Bank said on Tuesday.
Bank of Japan survey shows manufacturers optimistic about economy
TOKYO (AP) — Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday.
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Business News Digest
The highlights of the AP Business report. All times EDT. An up-to-the minute listing of all business stories planned is available in Coverage Plan on AP Newsroom, http://newsroom.ap.org/coverageplan. For access to AP Newsroom and other technical issues, contact AP Customer Support at 877-836-9477 or apcustomersupport@ap.org.
US consumer confidence tumbles in September as American anxiety about the future grows
WASHINGTON (AP) — The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.
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