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The attacks on crucial shipping traffic in the Red Sea straits by a determined band of militants in Yemen a spillover from the Israeli-Hamas war in Gaza are injecting a new dose of instability into a world economy already struggling with mounting geopolitical tensions. The risk of escalating conflict in the Middle East is the latest in a string of unpredictable crises, including the Covid-19 pandemic and the war in Ukraine, that have landed like swipes of a bear claw on the global economy, smacking it off course and leaving scars.
Fed s December Meeting Minutes Are Out Today; U.S. Job Openings Decline; Renters Get Some Relief From Price Hikes By James Christie Good day. Federal Reserve officials signaled at last month s.
Global factories had a weak finish to 2023, with euro zone activity contracting for an 18th straight month in December and Asia's manufacturing powerhouses taking a hit due to China's patchy economic recovery. A range of factory purchasing managers' indexes published on Tuesday showed a persistent slowdown and suggested any turnaround this year would take time, challenging the renewed optimism in financial markets over the past few weeks. HCOB's final euro zone manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, nudged up marginally to 44.4 in December from 44.2 in November but remained well below the 50 level that marks growth in activity.
A range of factory purchasing managers’ indexes published on Tuesday showed a persistent slowdown, challenging the renewed optimism in financial markets over the past few weeks