December 7, 2023
United States:
JPMorgan Asset Management Names New Head of Americas Real Estate
JPMorgan Chase & Co. said Chad Tredway will rejoin the company’s asset-management arm as its head of real estate in the Americas.
He will succeed Mike Kelly, who is retiring, after a transition period, JPMorgan said in a statement.
Europe:
Euro-Zone Risks Recession as German Economy Falters
Industrial production in Germany and Italy began the final quarter of the year with a stumble after France and Spain reported similar outcomes, pointing to a possible recession in the region.
Output in Europe’s biggest economy fell 0.4% in October from the previous month to the lowest level since August 2020, the German statistics office said Thursday. In Italy, production declined 0.2% from September.
Asia:
China’s Weak Trade Data Signals More Economic Pain to Come
China’s imports unexpectedly shrank in November from a Covid-hit period a year ago, while exports edged up from a low base, suggesting the nation’s slowing economy still hasn’t bottomed out.
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