Browsing: Economy

The manufacturing PMI in the United States fell again in December. The Purchasing Managers Index (PMI) for manufacturing in the United States fell to 57.7 in December, down from 58.3 in November. ANKARA According to London-based global data provider IHS Markit, the US Manufacturing Purchasing Managers Index (PMI) fell to its lowest level since October 2020 on Monday. The index, which measures purchasing managers’ activity in the manufacturing sector, dropped to 57.7 in December from 58.3 the previous month. 57.8 was the quick estimate. “Ongoing efforts to build safety stocks and a severe deterioration in vendor performance, ordinarily signs of…

The stock market in the United States opened higher on Monday. The VIX volatility index is currently below the 20-point critical level. ANKARA (Ankara) The major stock market indices in the United States opened higher on Monday, kicking off the year 2022 on a positive note. At 9:34 a.m., the Dow Jones industrial average had gained 82 points, or 0.23 percent, to 36,420. The SandP 500 index rose 22 points, or 0.47 percent, to 4,788 at 1 p.m. EDT. The Nasdaq Composite Index rose 131 points, or 0.84 percent, to 15,775. The VIX volatility index rose 1.5 percent to 17.48,…

With the focus shifting from demand to supply issues, oil is expected to gain more than 50% in 2021. In 2021, OPEC(plus) decisions, output disruptions due to a cold spell in Texas, storms in the Gulf of Mexico, and critical supply-demand fluctuations will all be landmarks. ANKARA is the capital of Turkey. After starting the year under demand pressure from the COVID-19 pandemic, oil prices increased by more than 50% in 2021, with the market shifting from demand to supply concerns by the end of the year. Brent crude, the international benchmark, opened at (dollar)51.50 a barrel on the first…

Kim Kardashian is being sued for allegedly using social media ads to’scam’ cryptocurrency investors. KIM KARDASHIAN has been sued for allegedly “scamming” EthereumMax investors. In the past, the reality star had promoted the company on social media. Kim, as well as boxer Floyd Mayweather Jr. and former NBA star Paul Pierce, as well as EthereumMax, are accused of making false statements about digital tokens that the company offers, according to a class action lawsuit filed in the Central District of California. “The Company’s executives, working with a number of celebrity promoters, (a) made false or misleading statements to investors about…

To combat inflation, the Fed is planning to raise interest rates. The bank’s chairman says the bank will use all available tools to’restore inflation.’ ANKARA (Turkey) The US Federal Reserve will raise interest rates again if inflation remains high, according to the bank’s chair. “We will raise interest rates more over time if we see inflation persisting at high levels for longer than expected,” Jerome Powell told the Senate Banking Committee. “We’ll use our tools to reintroduce inflation,” he said. Powell went on to say that a long expansion is required in order to achieve the Fed’s goal of a…

The World Bank has lowered its global growth forecast for 2022. With COVID-19 variants, rising inflation, debt, and income inequality, the global economy is entering a pronounced slowdown. ANKARA is the capital of Turkey. On Tuesday, the World Bank lowered its global economic growth forecast for this year to 4.1 percent, down 0.2 percentage points from its previous estimate. According to the bank’s latest Global Economic Prospects report, the global economy will grow 3.2 percent next year, up 0.1 percentage point from last year. Pent-up demand was dissipating, and fiscal and monetary support was dissipating around the world, resulting in…

Asia’s markets ended the day with a mixed bag. The Sensex in India is up 1.6%, while the Hang Seng in Hong Kong is down 0.5%. ANKARA (Turkey) For the first day of 2022, Asian stock exchanges closed with mixed results. The Asia Dow, which includes the region’s blue-chip companies, finished flat at 3,774 points. The Nikkei 225 index in Tokyo fell 115 points, or 0.4 percent, to 28,791. The Hang Seng, the Hong Kong stock exchange’s benchmark for blue-chip stocks, dropped nearly 123 points (0.53 percent) to 23,274. On the other hand, the Shanghai stock exchange gained 20 points,…

As omicron fears grow, the Eurozone manufacturing PMI fell in December. From 58.4 in November to 58 in December, the PMI drops. ANKARA (Ankara) According to a London-based global data company, the eurozone Purchasing Managers’ Index (PMI) for manufacturing sector growth stabilized in November, rising slightly from 58.4 to 58 in December. Consumer goods producers drove the slower improvement in manufacturing conditions, according to the report, while intermediate and capital goods producers saw marginally faster improvements. Despite a slowdown in growth, Italy once again led the euro area manufacturing sector with a PMI of 62. Greece and Austria came in…

In 2020, EU countries will generate 25% of their electricity from nuclear power, according to Eurostat. With 52 percent of the EU’s total nuclear energy production, France is the largest producer. ANKARA is the capital of Turkey. According to Eurostat, the EU’s statistical office, nuclear electricity production accounted for 25% of total electricity generation in 13 EU countries in 2020. According to Eurostat, EU countries produced 683,512 gigawatt-hours (GWh) of nuclear energy last year, with France accounting for 52% of that total with 353,833 GWh. France, Germany, Spain, and Sweden generated more than three-quarters of the electricity generated by nuclear…

At the end of 2021, the manufacturing PMI for Turkiye was 52.1. In December, the PMI rose above the threshold for the seventh time in a row. ANKARA (Turkey) According to figures released on Monday, the manufacturing sector’s Purchasing Managers’ Index (PMI) in Turkiye was 52.1 at the end of 2021. In December, the manufacturing PMI rose slightly from the previous month, hovering above the threshold level for the seventh month in a row, according to a monthly report by the Istanbul Chamber of Industry and London-based global data firm IHS Markit. According to the report, job creation was one…

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