prices

Significant Decline in US Existing Home Sales Marks Longest Slide Since 2022

2 days ago

In a troubling turn for the real estate market, existing home sales in the United States fell sharply in March, marking the most substantial decline since the beginning of 2022. According to recent data, sales dropped by over 20% compared to the same month a year earlier as higher mortgage rates and inflated home prices continue to put pressure on prospective buyers. The National Association of Realtors (NAR) reported that this downturn is part of a broader trend impacting the housing market, raising concerns about its recovery in the coming months.

South Africa's Central Bank Optimistic as Lower Oil Prices Ease Inflation Concerns

3 days ago

In a forward-looking statement, the Governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has highlighted the impact of lower oil prices on the country’s inflation rate. Speaking at a recent monetary policy briefing, Kganyago noted that easing global oil prices are expected to provide some relief to South Africa’s consumer price index (CPI), which has been under pressure for an extended period.

Unilever Surpasses Sales Expectations Driven by Strategic Price Increases and Stronger Consumer Demand

3 days ago

Unilever, the multinational consumer goods giant, has reported impressive sales figures for the first quarter of 2025, exceeding analyst forecasts. The company's performance is attributed to a strategic combination of price increases and a rebound in consumer demand for its popular brands. This development reflects the ongoing recovery in the global market, showing positive trends for major corporations.

Nestlé Reports Strong Sales Growth Fueled by Rising Coffee and Cocoa Prices

3 days ago

In a positive turn for the food and beverage giant Nestlé, the company has reported a significant rise in sales driven mainly by increased prices for its coffee and cocoa products. This surge highlights the ongoing demand for these essential commodities amidst fluctuating market conditions.

Oil Prices Surge Amid Geopolitical Tensions and Supply Concerns

3 days ago

In the latest developments of the oil market, crude prices have witnessed a significant increase driven by escalating geopolitical tensions and apprehensions over supply disruptions. As of April 24, 2025, Brent crude has surged past $90 per barrel, marking a substantial rise in just a few days.

India Warns Tariffs May Slower Economic Growth by 0.5%

3 days ago

In a recent statement, the Indian government has raised concerns that impending tariff increases could potentially trim the country’s economic growth by as much as half a percentage point. This revelation comes as part of a broader narrative surrounding trade dynamics and economic stability amidst ongoing global tensions.

Atlanta Fed Set to Revamp GDPNow Model to Factor in Gold Price Fluctuations

3 days ago

The Federal Reserve Bank of Atlanta is on the verge of an important update to its GDPNow forecasting model, integrating adjustments that account for gold's price movements. This reconfiguration aims to enhance the accuracy of the model, particularly in light of economic uncertainties that frequently influence market dynamics.

South Africa's Inflation Drops to Nearly Five-Year Low, Signaling Economic Relief

4 days ago

South Africa's inflation rate has experienced a significant decline, reaching its lowest point in almost five years, according to recent data released by Statistics South Africa. The Consumer Price Index (CPI) rose by just 5.9% in March 2025, a notable decrease from the previous year's rate of 8.5%. This drop represents an easing in the cost of living for South Africans, providing much-needed relief to consumers and businesses alike.

Japanese Tire Manufacturer Faces 25% Price Surge Due to Tariff Impact

4 days ago

In a significant development affecting the automotive industry, a leading Japanese tire manufacturer has announced plans to increase prices on its U.S. products by as much as 25%. This decision comes in response to the recently imposed tariffs on tire imports, which have created an unfavourable cost structure for the company.

Major Shifts in the Oil Market: Analysis and Latest Developments for April 23

4 days ago

As we approach the end of April 2025, recent analyses of the oil market reveal significant shifts that are reshaping the industry's dynamics. Prices have been experiencing notable volatility due to various geopolitical events, OPEC+ production strategies, and emerging economic trends. This article delves into the drivers of the current oil market conditions and provides insights on what to expect in the coming weeks.