US construction boom continues: 17 months of non-stop growth! – Stainless Espresso

Dec 7, 2023 | Stainless Espresso

7 December 2023 – The US construction boom in the non-residential construction sector continues for the 17th consecutive month. Construction activity in the manufacturing sector is even up by more than 71% year-on-year. This is pushing up steel prices in the...

German Stock Index DAX on Record Hunt: All-Time High Reached! – Stainless Espresso

Dec 6, 2023 | Stainless Espresso

December 6, 2023 – Sensation at the German stock exchange: The DAX reached an all-time high yesterday! In November, it gained almost 10% – a real boom! And the US job market is slightly relaxing: Good news for the markets. Source

Watch out for the trap! CURIA judgement warns of costly mistakes in trade – Stainless Espresso

Dec 5, 2023 | Stainless Espresso

5 December 2023 – Harsh ruling by the Court of Justice of The European Union: Blind trust can be expensive. A European company that was the victim of fraud with false indications of origin must still pay a fine. And Indonesia files another WTO complaint against...

US Economy: Chicago PMI Makes Huge Jump! – Stainless Espresso

Dec 4, 2023 | Stainless Espresso

December 4, 2023 – The Chicago Purchasing Managers’ Index (PMI) makes a tremendous leap in November, and the US economy scores points in other areas as well. Moreover, the WTO teaches the EU a lesson: Climate protection yes, but fair and thoughtful!...

Little hope of a deal? EU-US Global Arrangement on Sustainable Steel still shaky – Stainless Espresso

Dec 1, 2023 | Stainless Espresso

1 December 2023 – Even after the EU Trade Council meeting, there still seems to be no solution to the steel and aluminium dispute between the EU and the United States. And the LME wins legal dispute over millions of euros in legal action for suspension of nickel...

Record decline: Germany’s inflation continues to fall – Stainless Espresso

Nov 30, 2023 | Stainless Espresso

30 November 2023 – Inflation in Germany continues to fall. In November, it even fell to its lowest level since June 2021. And the latest OECD economic outlook shows once again that the global economy is stronger and more robust than many had assumed....

Nickel crisis in New Caledonia: rescue or financial abyss? – Stainless Espresso

Nov 29, 2023 | Stainless Espresso

29 November 2023 – The nickel industry in New Caledonia, one of the countries with the world’s largest nickel reserves, is once again on the brink of financial collapse. There is a shortfall of at least 1.5 billion euros and the owners have already...

Market sentiment turns: equities celebrate great comeback – Stainless Espresso

Nov 28, 2023 | Stainless Espresso

28 November 2023 – With an impressive turnaround, the global stock markets are making a brilliant comeback. The MSCI World Index recently staged a rally not seen since 1997. And upswing in Central Eastern Europe: positive growth prospects and attractive stock...

ThyssenKrupp, ArcelorMittal: Spotlight in EU Emissions Issue – Stainless Espresso

Nov 27, 2023 | Stainless Espresso

In the intricate tapestry of climate change and industrial responsibility, a recent report by Carbon Market Watch, titled “The Emissions Aristocracy,” has pulled a crucial thread. Dated November 2023, this report scrutinizes the European Union Emissions...

Major Tax Relief Measures Announced in London – Stainless Espresso

Nov 24, 2023 | Stainless Espresso

24 November 2023 – The UK government announced important tax relief measures on Wednesday. One for the social security rate for employees and, considered far more important, a permanent extension for the tax relief known as “full expensing” for...