Reports
India's surprise half-point rate cut
India might be the world's fastest-growing major economy, but the pace wasn't enough for Sanjay Malhotra, the recently installed governor of the Reserve Bank of India. He unexpectedly cut the central bank's key rate by 50 basis points a week ago and slashed the cash reserve ratio for lenders.
Reports
China's services trade balance: tourism rebound drives deficit amid pockets of surplus
While China's goods exports are often in the headlines, its international services trade has steadily increased as well -- surpassing USD 1 trillion for the first time in 2024. Since 2001, services' share of China's total trade mix (including imports and exports) has fluctuated between about 10% and a peak of 17%; as our chart shows, a sharp decline during the pandemic was followed by a steady rebound.
Reports
High-frequency US jobs data suggests April JOLTS improvement might not last
Amid varied data on the health of the US economy, the recently released April JOLTS (Job Openings and Labor Turnover Survey) painted a relatively positive picture on employment. However, high-frequency data tracked by CEIC suggests the gradual cooling trend of the past two years is likely to resume.