Germany’s DAX tumbled more than 2% and led the declines among European stock indices on Monday after Russia stopped supplying gas via the Nord Stream 1 pipeline to Europe, sparking concerns about rising prices. energy prices and winter shortages in the region. The pan-European STOXX 600 index closed down 0.62% at 413.39 points, while the […]
Sophia
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
Europe heads for recession as cost-of-living crisis deepens
The euro zone is almost certainly slipping into recession, with polls on Monday showing a deepening cost-of-living crisis and a bleak outlook that keeps consumers wary of spending. While there has been some easing in price pressures, according to surveys, they have remained high. Furthermore, the European Central Bank (ECB) is under pressure, with inflation […]
Bed Bath & Beyond chief financial officer dies after NYC crash
Bed Bath & Beyond’s chief financial officer died falling from a New York skyscraper on Friday afternoon, police said on Sunday, days after the retailer announced it was closing stores and laying off workers. Gustavo Arnal, 52, joined the company in 2020 after having worked as director of cosmetics brand Avon in London and 20 […]
Almost 80% of Brazilians have outstanding debt, points out CNC
In August of this year, almost eight out of ten Brazilians had debts due. Data from the National Confederation of Trade in Goods, Services and Tourism (CNC), released this Monday morning (5), show that the index grew: it went from 78% in July 2022 to 79% in the following month. In comparison with the same […]
Parents Fight US Inflation: “I Left a $25 Backpack at the Checkout”
When Sarah Longmore, a mother of five, finished her back-to-school shopping while still at the store, she looked at a $25 backpack she had chosen for her preschool-age daughter and decided to return it to the shelf. With the family budget under pressure, Sarah considered that the child could be content with a second-hand item. […]
GDP revisions occur after “very good” second quarter, says expert
The rises in market projections for the Gross Domestic Product (GDP ) of 2022, indicated this Monday (5) by the Focus Bulletin reflect the “very good” result of the economy in the second quarter, says senior economist at LCA Consultores Thais Zara. In an interview with CNN the economist evaluated that “the positive news that […]
OPEC+ agrees to small cut of oil production target
OPEC and its Russian-led allies agreed on Monday to a small cut in oil output to lift prices that have fallen on fears of an economic slowdown. In October, oil producers will reduce production by 100,000 barrels per day (bpd), equivalent to just 0.1% of global demand. The group also agreed to meet at any […]
China composite PMI drops to 53 in August, says S&P Global/Caixin
China’s composite purchasing managers’ index (PMI) slipped from 54.0 in July to 53.0 in August, according to a survey released by S&P Global and Caixin Media. The index was above the 50 mark, which separates expansion from contraction. Released in the same survey, the services PMI dropped from 55.5 in July to 55.0 in August. […]
Germany heading for recession despite new relief plan, economists say
Germany, Europe’s biggest economy, is still heading for a recession, even with a new government plan to spend 65 billion euros to protect consumers and energy companies from rising inflation, economists say. The latest package raises to 95 billion euros the resources devoted to fighting inflation since the beginning of the war in Ukraine in […]
Services moderate in August, price pressure eases, PMI shows
The growth of services activity in Brazil showed moderation in August, but even so, business expectations reached a maximum in almost nine years, according to the Purchasing Managers Index (PMI) survey, still pointing to the cooling of pressures. inflationary. S&P Global reported on Monday (5) that its Brazil services PMI fell to 53.9 in August […]
