Source: Destatis German wholesale selling prices rose by a 47-year high in September, mainly driven by the hikes in prices of raw materials and intermediate products. EWG is up 0.25%. Wholesale selling prices surged by 13.2% in September, marking the fastest annual inflation since June 1974 during the first oil crisis.The latest inflation print follows 12.3% in August and … [Read more...] about German Wholesale Inflation Hits 47-Year High in September
Forex News
UK Employment Slightly Up in Third Quarter
Source: Office for National Statistics Employment in the United Kingdom posted a slight increase in the third quarter of the year, as both unemployment and economic activity both slipped from the previous quarter. EWU is up 0.43% premarket. The employment rate was recorded at 75.3%, posting a 0.5-percentage point climb from the previous quarter, equivalent to 32.416 … [Read more...] about UK Employment Slightly Up in Third Quarter
UK Business Activity Posts Broad Growth in September, Supply Woes Continue
Source: Markit Economics The United Kingdom posted broad-based growth in September, but supply constraints continued to be detrimental to business activity during the month. EWU is up 0.43% premarket. The PMI Business Activity index posted strong growth in several areas, such as Wales at 57.1, the West Midlands with 56.3, Scotland with 56.1, London with 55.9.The North … [Read more...] about UK Business Activity Posts Broad Growth in September, Supply Woes Continue
World Leaders Agree to 15% Global Minimum Corporate Tax Rate
Source: OECD World leaders have agreed to impose a 15% minimum tax rate on multinational enterprises (MNEs) from 2023 and reallocate $125 billion of profits of the world’s largest companies. 136 countries and jurisdictions agreed upon the landmark deal covering over 90% of global gross domestic product.The deal is supported by OECD and G20 countries, while Kenya, Nigeria, … [Read more...] about World Leaders Agree to 15% Global Minimum Corporate Tax Rate
US Wholesale Trade Slightly Down in September, Inventories Slightly Up
Source: US Census Bureau American wholesale trade sales posted a slight decline, while inventories were marginally up in September. VDC is down 0.10%. Sales of merchant wholesalers stood at $595.5 billion, 1.1% lower than the previous month but 20.6% higher than August 2020’s level.The June to July percentage change was revised to reflect a 2.1% increase versus the … [Read more...] about US Wholesale Trade Slightly Down in September, Inventories Slightly Up
