Daily Archives: Oct 28, 2022 at 07:48 am EDT

Macro Briefing: 28 October 2022

* European Central Bank hikes interest rates by 75 basis points
* German economy grows slightly in Q3, defies forecasts of recession
* Fossil-fuel demand may peak in a few years, IEA advises
* Elon Musk takes control of Twitter and fires top executives
* Amazon shares tumble on weak Q4 earnings outlook
* Durable goods orders in US rose in September but momentum is fading
* US jobless claims edged up last week but remain near historically low levels
* US economy recovers in Q3, posting solid 2.6% increase after first-half decline:

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