Germany is facing a sharp downturn in its manufacturing sector. What Happened: New orders for German manufacturing fell by 5.8% month-over-month in August, according to data from the German Destatis. This was a deeper-than-expected decline — much larger than the 2% drop forecasted by Bloomberg economists. Economists attributed the magnitude of the decline to a robust July marked by large...

Last Friday's US economic data showed a big beat across the board. Nonfarm Payrolls beat all expectations at 254K, Unemployed dropped to 4.1% and average hourly earnings came in at 4.0% YoY. So, is everything rosy in the US economy? If yes, why is the Federal Reserve cutting rates? Let's take things from the beginning. The Fed but 50bps in...

Stronger-than-expected U.S. economic data and surging oil prices are reshaping market expectations for the Federal Reserve’s November meeting. Traders, who initially expected an aggressive 50-basis-point rate cut, are now opting on a smaller 25-basis-point move, with odds of a potential pause in the Fed’s easing cycle surging sharply in recent hours. Following the 50-basis-point rate cut in September, a hold...

* Trump plans estimated to add $7.5 trillion to debt over 10 years * Harris plans would add $3.5 trillion in new debt based on 'central estimate' * Deficit estimates draw criticism from both Trump, Harris campaigns By David Lawder WASHINGTON, Oct 7 (Reuters) - Republican presidential candidate Donald Trump's tax and spending plans would produce more than twice as...