Weekly Market Recap (13-17 November) ...Middle East

MondayThe New Zealand Services PMI fell back into contraction:Services PMI 48.9 vs. 50.6 prior.Below the long-term average of 53.5.The RBA Assistant Governor Kohler highlighted how the decline in inflation could be more gradual that previously thought and the main risk is that high inflation today feeds into inflation expectations:Decline in inflation to be more gradual than previously thought.Bringing inflation back to target is likely to be more drawn out.Domestically sourced inflation has been widespread and slow to decline.Still-strong levels of demand have allowed businesses to pass on cost increases.Wages growth has picked up, but now appears to have

Read More Details
Finally We wish PressBee provided you with enough information of ( Weekly Market Recap (13-17 November) )

Also on site :

• Duke of Edinburgh makes flying visit to Wolverhampton school
• As Starmer and Macron discuss small boats, how many migrants cross the Channel – and how many are stopped?
• Princess Kate Moment That Turned William's Head Goes Viral