International Economic
Americans sour on government's economic policies, University of Michigan says
Americans´ confidence in the economy and the political landscape remained near its post-pandemic lows, in part due to downbeat assessments of government economic policies, the results of a closely-followed survey showed.
Brazilian gas demand soars, stoking global energy crisis
The severe drought hitting Brazil has resulted in soaring demand for natural gas to generate electricity, feeding the global gas shortage.
US retail sales leap past forecasts in September
Americans unexpectedly resumed splashing out on goods and services last month.
PBoC says risks to financial system from China Evergrande Group are 'controllable'
People's Bank of China looked to assuage concerns in financial markets around stricken real estate giant China Evergrande Group.
Bitcoin nears $60,000 and is settling at six-month highs amid SEC, Putin and adoption
Bitcoin is rising strongly, which stretches the upward momentum received on Thursday to almost the psychological barrier of $60,000 - the resistance is at the all-time high of $65,000 -, boosted by the certainty that the US Securities and Exchange Commission (SEC) will approve the exchange-traded funds (ETFs) based on cryptocurrency futures next week. As reported by 'Bloomberg', the regulator has almost decided not to block two of these investment vehicles, which are due to receive the agency's verdict as of October 18th, and bulls are celebrating this in the cryptoasset market.
EU new passenger car registrations decline in September
New passenger car registrations declined across the European Union to a 26-year September low due to the current global shortage of semiconductors.
Friday preview: US retail sales, consumer confidence in focus
Financial markets' attention at the end of the week will be squarely on the release of a raft of economic indicators in the US.
Energy price gains drive US producer prices higher
Wholesale inflation in the US rose a bit less quickly than anticipated last month, despite big jumps for energy and food prices.
Weekly US jobless claims hit fresh post-pandemic low
The number of Americans filing for unemployment clams undershot forecasts again last week, retreating to their lowest level since near the start of the Covid-19 pandemic.
German institutes cut 2021 growth forecasts
A group of leading economic think tanks have cut their forecasts for German growth this year, as supply chain disruptions weigh heavily on the manufacturing sector.
Factory gate inflation hits record high in China
Factory gate inflation soared in China last month, official data showed on Thursday, fuelled by record commodity prices.
Bitcoin rises again after testing support, buoyed by ETF
Bitcoin rises again on Thursday, after testing levels close to its support of $53,000 -its previous resistance- and encouraged by the news coming from the US Securities and Exchange Commission (SEC) regarding the expected approval of the cryptocurrency's exchange-traded fund (ETF). With the leader of digital assets above $58,000 again, the green prevails in the 'altcoins', with rises also for Ethereum, which is back above $3,600, while the rest of the tokens have more moderate rises.
The three risks that endanger the Bitcoin rally in the fourth quarter
The tables have turned in the cryptocurrency market during this last month and quarter, and Bitcoin bulls are celebrating the recent rally, whose target is none other than the all-time highs at $65,000 of the queen of 'cryptos' in April. Sentiment is decidedly bullish and beyond possible profit-taking and occasional pullbacks, investors, especially the 'hodlers', the strong hands in the market, are confident that nothing can blow the upward momentum out of the water.
US inflation pushes higher as food and energy costs rise
Headline inflation in the US rose at a faster-than-expected pace last month, official data showed on Wednesday, pushed higher by climbing food and energy prices.
Supply shortages hit Eurozone industrial production
Eurozone industrial production fell in August, official data showed on Wednesday, as supply constraints weighed heavily.
Bitcoin aims for record highs and above, to hit $100,000
Bitcoin is holding ground above the $53,000 resistance, which has turned now into a support level for the cryptocurrency, and has a cleared path ahead to the big resistance level of record highs at $65. 530 (the future trading price).
Bitcoin faces short term selling pressure after approaching the $60,000 psychological barrier
Bitcoin´s October rally lost steam after the cryptocurrency approached the psychological $60,000 barrier and fell nearly 4. 5% on Wednesday. However, with recent highs near $58,000, according to CoinMarketCap, and holding at prices not seen since May, experts maintain their optimistic view that it will reach the all-time highs of mid-April sooner rather than later.
Diversified Energy shares plummet on methane leaks report
Shares in Diversified Energy tumbled 21% on Tuesday, after it was reported that some of its aging gas wells were leaking methane.
IMF cuts global growth forecast
The International Monetary Fund downgraded its forecasts for global growth on Tuesday as it cautioned that supply chain issues were denting growth.
German investor sentiment slumps amid raw materials shortage
German investor sentiment deteriorated more than expected in October amid shortages of raw materials, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.