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US third-quarter GDP is on monitor to rise 3.9%, based mostly on the Atlanta Fed’s revised nowcast printed on Friday (Oct. 17). If right, the rise will tick above the sturdy 3.8% enhance reported for Q2. The federal government’s Q3 GDP report is scheduled for Oct. 30, however the launch may very well be delayed if the federal government shutdown continues.
The worldwide financial system has ‘but to really feel the ache’ from tariffs, suggested the European Central Financial institution president. She mentioned that exporters and importers will now not settle for smaller revenue margins brought on by tariffs and determine to boost costs in some unspecified time in the future.
China’s financial progress slowed within the third quarter, rising 4.8% over the year-ago quarter. The advance marks the its weakest tempo in a yr, based on official knowledge from Beijing.
Demand for industrial robots has doubled over the previous ten years, experiences the Worldwide Federal of Robotics. Asia accounted for 74% of recent deployments in 2024, in contrast with 16% in Europe and 9% within the Americas. China is by far the world’s largest market in 2024, representing 54% of worldwide deployments, based on IFC knowledge.
The first pattern for international asset allocation methods stays solidly bullish, experiences The ETF Portfolio Strategist, a e-newsletter printed by CapitalSpectator.com. So long as the International Development Indicator (GTI) trades within the higher half of the band (outlined by the trailing 1-year most and minimal performances), upside momentum stays the baseline forecast for the close to time period outlook for international multi-asset-class methods.
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