Australia’s Inflation to Ebb More Slowly Than Expected, Acting RBA Chief Economist Says

SYDNEY—Inflation pressures across Australia’s economy are now expected to ease more gradually than thought just three months ago, said Marion Kohler, acting chief economist at the Reserve Bank of Australia. “Domestically sourced inflation, in particular, services price inflation, has been widespread and slow to decline,” she said in a speech to a conference of financial … Read more

China’s Middle East Clout Has Limits

For most of the past decade, China’s story in the Middle East has been straightforward: endlessly rising investment, trade and influence. Having brokered a return to diplomatic relations between Saudi Arabia and Iran earlier this year and given its strong economic relationship with Israel, China has also found itself in the spotlight as the conflict … Read more

China’s Consumer Prices Fell in October

China’s consumer prices fell in October, signaling weakness in domestic demand, according to official data. The consumer-price index fell 0.2% in October from a year earlier after staying flat in September, the National Bureau of Statistics said Thursday. A Wall Street Journal poll of economists had tipped a 0.1% decrease. Copyright ©2023 Dow Jones & … Read more

China’s Exports Tumble Again in Fresh Sign of Economic Trouble

Updated Nov. 7, 2023 3:38 am ET SINGAPORE—China’s exports fell for the sixth straight month, adding to pressure on Beijing to boost spending at home as a big rise in global interest rates and wars in Ukraine and the Middle East weigh on the world economy. The figures add to signs the Chinese economy is … Read more

German Manufacturing Orders Rose Ahead of Expectations in September

Updated Nov. 6, 2023 3:03 am ET New orders at German factories rose slightly in September, beating expectations. Manufacturing orders were 0.2% higher than a month before, according to seasonally and calendar adjusted-data released Monday by German statistics office Destatis. Orders had been expected to slip 1.5%, according to economists polled by The Wall Street … Read more

Japan Unlikely to Fall Back to Zero Inflation, BOJ Governor Says

Nov. 5, 2023 9:26 pm ET|WSJ Pro NAGOYA, Japan—Bank of Japan Gov. Kazuo Ueda said Monday that Japan was unlikely to fall back to deflation even after pressure from higher import prices eases. “The inflation rate will not return to the range of 0% and 1%, which was the prepandemic level,” because the virtuous cycle … Read more

S&P 500 Clinches Best Week Since November 2022

Updated Nov. 3, 2023 5:26 pm ET The S&P 500 rallied Friday, capping its best weekly performance since November 2022, after the latest monthly jobs report suggested the Federal Reserve’s interest-rate raising campaign is working. The broad index gained 0.9%, bringing its gains for the week to 5.9%. The index is up 14% this year. … Read more

Sharp U.S. Hiring Slowdown Signals Cooling Economy Ahead

Updated Nov. 3, 2023 10:16 am ET Hiring slowed sharply in October, a sign the economy is cooling this fall following a hot stretch over the summer. U.S. employers added 150,000 jobs in October, down from the previous month’s revised gain of 297,000, the Labor Department said Friday. That was the smallest gain since June, … Read more

Germany’s Trade Surplus Fell in September as Exports, Imports Dipped

Germany’s trade surplus declined in September, as exports and imports fell more than expected, a signal of the fragile economic climate for German businesses both at home and abroad. The country’s adjusted trade surplus-representing the difference between exports and imports of goods-dipped to 16.5 billion euros ($17.53 billion) in September, compared with EUR17.7 billion in … Read more

South Korea’s Exports Rise After a Year of Declines

Updated Oct. 31, 2023 9:25 pm ET South Korea’s exports rose in October after falling for a year, on brisk demand for transport, machinery and other goods, the latest sign of a recovery in global demand. Exports rose 5.1% compared with the same period a year earlier to $55.09 billion, following a 4.4% drop in … Read more