International Economic
Inflation concerns cap gains in US consumer confidence, University of Michigan says
Consumer confidence in the US continued to languish near the lows hit immediately following the start of the Covid-19 pandemic, as higher inflation and lower confidence in government's economic policies offset the effects of stronger income expectations and receding coronavirus infections, the results of a closely-followed survey revealed.
Americans continue splashing out more quickly than expected in September
Personal income growth in the US surprised sharply to the downside last month, yet Americans continued splashing out more quickly than expected.
Euro area CPI shoots past forecasts in October, energy main culprit
The cost of living in the Eurozone jumped past economists' forecasts in October on the back of nearly across-the-board gains in prices.
Euro area Q3 GDP beats forecasts, Spain lags behind
Economic activity in the single currency area edged past forecasts in the third quarter, thanks in large part to faster than expected growth in France and Italy.
Asia report: Apple suppliers in focus after revenue miss
Markets in Asia were in a mixed state as they closed for the weekend on Friday, with suppliers to consumer technology giant Apple on the agenda after the company missed on revenue.
US GDP growth slows more sharply than expected in the third quarter
US economic growth slowed more sharply than anticipated over the three months ending in September, preliminary data showed.
ECB leaves rates unchanged as expected
The European Central Bank left key interest rates unchanged on Thursday, as it said the pace of asset purchases under its Pandemic Emergency Purchase Programme (PEPP) would be "moderately lower".
Putin tells Gazprom to begin refilling its European natural gas storage sites
Russia's energy minister ordered the country's state-owned gas giant to increase shipments to its storage facilities in Europe.
Jobless claims fall to another fresh pandemic-era low
Americans applied for unemployment benefits at a slower pace last week, indicating that the US job market and economy were continuing to recover from the coronavirus-induced recession.
Weekly US jobless claims fall to new post-pandemic low
US jobless claims continued falling over the past week, reaching a new post-pandemic low in the process.
Eurozone economic confidence beats expectations
Eurozone economic sentiment beat expectations but supply problems suggest problems ahead for the currency zone's businesses.
Shiba Inu outperforms Dogecoin, continuing its unstoppable rally
Shiba Inu, the spin-off of Dogecoin, has already surpassed Elon Musk's favorite cryptocurrency by far. Despite the blow received on Sunday by the founder of Tesla, when he declared that he did not own any, the cryptocurrency has rebounded in price. In fact, it advances 40% and is placed as the eighth 'crypto' by market capitalization. Meanwhile its 'big sister' is eleventh and is prey to the widest correction of the entire market that has been unleashed between October 27th and 28th.
The Bitcoin levels to watch, as it remains in a corrective mode
The cryptocurrency market is on the verge of a further downward correction. Market consensus is building around the idea that the rally that propelled Bitcoin to $67,000, spurred by the debut of the first US ETF, has faded. Because of this, the outlook is one of clear profit-taking. The world's largest cryptocurrency plummeted around 10%, on Tuesday, and found support around $58,500, according to data from 'CoinMarketCap'.
US durable goods orders point to extended business capex cycle
Orders in the US for goods made to last more than three years grew as expected last month but the trend was quite promising, some economists said, and pointed towards faster non-inflationary wage growth.
Real euro area 'narrow money' growth falling, pointing to slower growth
Money supply growth in the single currency bloc continued to slow in September and in real terms pointed to further downside risks for economic growth, economists said.
German import prices rise at their fastest pace since second oil price crisis
German import prices rose at their fastest clip since the second oil price crisis of 1981 in September.
Bitcoin falls to pre-ETF lows below $60,000
Bitcoin suffered sharp falls on Wednesday, losing $60,000 and then $59,000 in the blink of an eye, after being locked in a narrow trading range in recent days between $60,000 and $63,000. Meanwhile, the extremely bullish sentiment seems to be taking a breather. The drops are down 7% for the queen of cryptocurrencies up to October 15 minimums, prior to the launch of the US ETFs, while the rest of the market is also in the red and the total capitalization losses are more than $120 billion, up to $2.
Bank of America forecasts negative price returns for S&P 500 over next decade
Equity strategists at Bank of America told clients to focus on dividends and growth given their forecast for slightly negative price returns for the S&P 500 over the coming decade.
Saudi Aramco boss warns of lack of crude oil production capacity
Saudi Aramco 's boss warned on Tuesday of a lack of crude oil production capacity.
Bitcoin survives profit-taking and receives support from Musk and Mastercard again
Bitcoin has left behind the setbacks of the past weekend, by achieving 5% gains on Monday that are being maintained on Tuesday, with the largest asset by market capitalization trading around $62,500. Tesla and Elon Musk boosted the price by declaring the company might return to accepting payments in Bitcoins. Mastercard contributed to the rise as well with the announcement that it will integrate into its payment network the option to buy, sell and hold cryptocurrencies through a fusion with the Baktt platform.