German Industry Faces Billions in Losses Due to Raw Material Dependency

Consumer prices are experiencing contrasting trends in Israel and France, with Israel's CPI rising by 0.5% in October 2024, indicating ongoing inflation, while France sees a year-on-year decline of 0.7% in consumer goods prices.

Gold prices are experiencing their worst weekly performance in over three years, driven by a strengthening U.S. dollar and rising Treasury yields, which reduce the metal's investment appeal.

The Italian industrial sector is facing significant challenges due to a decline in exports to Germany, its largest customer, as the German economy stagnates and job creation slows.

European Economic Commissioner Paolo Gentiloni has stated that Germany and Italy are the EU countries most vulnerable to the potential US tariffs proposed by President-elect Donald Trump, which could have significant repercussions for both economies.

Germany's new business formation rates have declined by 0.9% in 2024 due to economic uncertainty, with significant impacts on small businesses and rising corporate bankruptcies.

The US has cautioned Latin American nations about Chinese investments as President Xi Jinping inaugurates a major port in Peru, emphasizing the need for adherence to local laws and human rights.

China has announced tax cuts for property buyers and developers, reducing the purchase tax to 1% to stimulate the housing market and support economic recovery.

European stock markets are experiencing a rise, contrasting with Wall Street's weaker performance, as analysts speculate on a potential turnaround for European equities in 2025.