International Economic
J.P. Morgan says weakness in stock market indices will not persist
Equity strategists at JP Morgan reiterated their forecast for a "significant" internal rotation heading into year-end, further telling clients that fears of stagflation might soon ease and that weakness in stock market indices was unlikely to last.
European natural gas futures may still be headed higher, Goldman says
You can take Russian officials' remarks on natural gas at face value but prices in Europe may still be headed higher before additional supplies arrive, Goldman Sachs said.
US September non-farm payrolls surprise to the downside
Job growth in the US continued slowing unexpectedly September even as the latest wave of Covid-19 infections appeared to have peaked.
BoA reiterates negative stance on European stocks, but stays overweight banks and airlines
Analysts at Bank of America reiterated their negative view on European equities, telling clients that macro uncertainty was on the rise and economic growth momentum set to weaken, but stayed 'overweight' on lenders' and airline shares.
Bitcoin's rally resumes as analysts celebrate its momentum
Bitcoin resumed its rally on Friday, above $56,000, after a brief pullback below $54,000, as it maintains its undeniable bullish momentum and advances more than 25% this week.
Downside surprise in weekly US jobless claims
Weekly US jobless claims in the US surprised to the downside last week and some economists expected them to continue doing so.
Bitcoin fights for $55,000, boosted by whales, US, BofA and US Bank
Bitcoin´s bulls, the 'hodlers',the strong hands of the market, and all the crypto-community that were anxiously awaiting and bid for the queen of cryptos to reach $100,000, enthusiastically celebrate the rally of the cryptoasset that has led it to conquer $55,000 on Wednesday. The price falters slightly on Thursday, despite technical analysts proclaiming that the all-time high of $65,000 is the target to reach.
BoA raises short-term UK CPI forecasts
Economists at Bank of America bumped up their consumer price forecasts for the UK on the back of the recent jump in energy quotes although they still assumed that inflation would dip below Bank's 2. 0% target in April 2023 temporarily.
Russia to boost gas supplies to Europe - report
Russia is to set to boost gas supplies to Europe amid soaring wholesale prices, it was reported on Wednesday.
Private sector payroll growth beats forecasts in September, ADP says
Job growth in the US sped ahead of forecasts last month, according to the results of a closely-followed survey.
Eurozone construction stabilises as demand strengthens
The Eurozone construction sector looked to have stabilised in September after two months of declines, an industry survey showed on Wednesday.
Eurozone retail sales miss forecasts
Eurozone retail sales missed expectations in August, after spending on food, drinks and tobacco fell across the bloc.
Bitcoin´s rally rages on as it aims for $53,000
The cryptocurrency market maintains its bullish tone on Wednesday, after Bitcoin managed to close above $51,000 on Tuesday, the price level which it is holding till now. In the past week, the progress is 20%, a rise repeated by other altcoins such as ethereum, which trades above $3,500. Total capitalization stands at over $2. 2 trillion.
German factory orders tumble amid supply chain issues
German factory orders slid in August amid supply chain issues, according to figures released on Wednesday by Destatis.
Yellen warns of recession risk if federal debt ceiling is not raised
US Treasury chief Janet Yellen warned Congress that the economy was prone to falling into a recession if lawmakers failed to raise the federal debt limit and avert a default on the country´s debt.
IMF chief warns of upcoming trim to global growth forecast
The International Monetary Fund indicated that it was taking the clippers to its growth forecast for 2021 on Tuesday, with its head warning that the global economy was still being “hobbled” by the Covid-19 pandemic.
Bitcoin breaks above the psychological $50,000 resistance and aims for $53,000
Bitcoin prices surpassed $50,000 on Tuesday, hitting a maximum since September. Optimists set a target at this precise level, which is the "big test" for the cryptoasset, according to Craig Erlam, an analyst at Oanda, and when it overcomes this challenge, that will send "a wave of optimism to the market". At the moment, the upswing over the past week is 20%, as traders appear to be exiting their short positions.
Euro zone business growth feels impact of supply issues, inflation - PMI
Business growth in the euro zone during September held up, but was hit by ongoing supply-chain problems and increased inflationary pressures which show no sign of easing, a survey showed on Tuesday.
WTO ups forecasts for global trade, but warns Covid risks remain
The Word Trade Organization has hiked its forecasts for the global trade in goods, but warned that downside risks from the pandemic and vaccine inequity in particular remained.
Evergrande halts trading ahead of 'major' deal
Shares in Evergrande have been suspended ahead of a "major transaction", the embattled Chinese property developer confirmed on Monday.