Bloomberg (September 15)
“China’s economy picked up steam in August as a summer travel boom and a heftier stimulus push boosted consumer spending and factory output, adding to nascent signs of stabilization…. Optimism is slowly building among some investors that Beijing’s recent efforts to boost the economy and financial markets are starting to bear fruit. Even so, it’s early days — and a single month of data isn’t enough to confirm a sustained recovery trajectory.”
Tags: August, China, Consumer spending, Economy, Factory output, Investors, Nascent, Optimism, Stabilization, Stimulus, Travel boom
Financial Times (September 1)
“The US labour market cooled in August, raising hopes that the Federal Reserve is successfully orchestrating a soft landing for the world’s largest economy. Investors hailed a possible Goldilocks scenario in which inflation comes under control without causing a recession, as Friday’s figures revealed an uptick in the unemployment rate, subdued jobs growth and wage rises back at pre-Covid rates.”
Tags: August, Cooled, Fed, Goldilocks scenario, Hopes, Inflation, Investors, Jobs growth, Recession, Soft landing, U.S., Unemployment, Wage rises
Investing.com (July 2)
“Oil prices settled down 1% on Monday as worries about a slowing global economy and possible U.S. interest-rate hikes outweighed supply cuts announced for August by top exporters Saudi Arabia and Russia.”
Tags: August, Down, Exporters, Global economy, Interest rate hikes, Oil prices, Russia, Saudi Arabia, Supply cuts, U.S., Worries. Slowing
Wall Street Journal (September 16)
“Economic activity in China cooled further in August.” Economists had expected a rebound from the troughs of July. Instead, “softness was visible last month in nearly every aspect of the Chinese economy, with industrial output and retail sales data pointing to sluggish demand and low confidence among businesses and consumers.”
Tags: August, China, Confidence, Consumers, Demand, Economy, Industrial output, Retail sales, Sluggish, Softness, Troughs
The Economist (September 20)
“The cost of halting Ebola’s spread is also rising exponentially. In August the World Health Organisation estimated that it would take nine months and cost $490m to contain Ebola. Now it reckons the cost has risen to over $1 billion. The longer the world prevaricates, the harder and costlier it will be to contain this outbreak.”
Tags: August, Containment, Cost, Ebola, Exponentially, Outbreak, Spread, WHO
