Inflation Stays High While Growth Slows Across Major Economies

Inflation remains high in the US and Europe, supporting central bank policies. Core PCE price index rose the most in a year in the US; euro zone inflation eased less than expected.

China's factory activity contracted for the 5th straight month, pointing to weak demand. Services PMI rose, indicating uneven recovery.

India is reducing China's dominance in electronics exports in some key markets as supply chains diversify. Most impact seen in the UK and US.

South Korea set a new record low for fertility rate, presenting issues for healthcare, welfare, and growth as population ages.

North Korea is shipping potential artillery shells to Russia in exchange for food, materials, and weapons parts from Russia, helping both countries.