December 23, 2024
United States:
Orders for US Business Equipment Rise by Most in Over a Year
Orders placed with US factories for business equipment rebounded in November, posting the strongest monthly advance in over a year.
The value of core capital goods orders, a proxy for investment in equipment excluding aircraft and military hardware, increased 0.7% last month after a revised 0.1% decline in October, government figures showed Monday.
Europe:
Euro-Zone Growth Expectations for 2025 Dialed Back by Economists
The euro-area economy will pick up less momentum next year than previously foreseen and only expand slightly more strongly than in 2024, according to a Bloomberg survey.
Analysts in the poll now predict growth of 1% in 2025. While that’s up from 0.8% this year, it’s down from an earlier estimate of 1.2%.
Asia:
Japan’s Bond Market Is Set to Absorb Biggest Supply in a Decade
Investors are set to face the largest supply of Japanese sovereign bonds in at least a decade as the central bank plans to shrink its balance sheet, adding to debtholders’ woes from rising interest rates.
The Ministry of Finance typically releases a plan in late December on the amount of debt it will sell in the fiscal year starting April 1.
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