January 8, 2025
United States:
US Trade Gap Shrinks to Smallest Since 2009 on Imports Drop
The US trade deficit unexpectedly narrowed in October to the smallest since 2009 on a sharp pullback in imports.
The goods and services trade gap shrank 39% from the prior month to $29.4 billion, Commerce Department data showed Thursday.
Europe:
ECB Says Consumers’ Inflation Expectations Remain Unchanged
Inflation expectations among euro-area consumers were stable in November, supporting the European Central Bank’s plan to keep interest rates on hold.
Prices were seen rising 2.8% over the next 12 months, unchanged from October, according to a monthly ECB survey released Thursday.
Asia:
BOJ Indicates It’s Eyeing More Rate Hikes With Regional Report
The Bank of Japan suggested it remains on track for more interest rate hikes by leaving its economic assessments intact for all regional economies after it raised borrowing costs last month to the highest in three decades.
“All nine regions reported that their respective economies have been recovering moderately, picking up, or picking up moderately, although some weakness had been seen in part,” the BOJ said in its quarterly regional report Thursday.
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