International Economic
Brent jumps as OPEC+ surprises, stands pat on output
Crude oil futures hit seven-year highs after OPEC+ nixed talks of a supply increase at their ministerial meeting.
Bitcoin fails to conquer $50,000 target but hits 3-month highs
Bitcoin is back to price levels below $48,000 on Monday, after the most traded of digital currencies accelerated its rally above $49,000 on Sunday, a circumstance that led the Twitter cryptocurrency community to call for the price to assault and break down the $50,000 barrier. However, it only reached $49,200 (a 3-month high), to close slightly above $48,000. All in all, optimism hovers over cryptoassets, with record highs hit by several 'altcoins' and total capitalization at $2.
Bitcoin on the rise following a positive note at the end of September
Bitcoin and cryptoassets rose significantly this October 1st after the digital currency par excellence put an end to a month like September that fulfilled its historical pattern and generated losses (around 11% loss). In addition, the ninth month of the year was absolutely tumultuous for cryptocurrencies, especially for El Salvador, Evergrande and the Chinese government, which gave high doses of volatility to the market in general.
EU suspends trade talks with Australia amid subs row
The latest round of Australia-EU free trade talks have been postponed, a European official confirmed Friday, after Canberra's decision to cancel a major French submarine contract caused fury in Paris.
US consumer confidence remains at depressed levels in September
Consumers in the US grew a bit more confident last month but remained depressed overall, perhaps the most closely-followed sentiment survey revealed.
US factory activity picks up unexpectedly in September, ISM says
Activity in America´s manufacturing sector picked up slightly last month despite the myriad supply-side afflicting the sector, the results of a closely-followed survey revealed.
US personal spending grows a bit more slowly than expected over the sumer
Americans' splashed out a bit less over the summer although incomes continued to grow as expected, fresh data revealed.
Euro area factory PMI drops in September as supply issues wreak havoc
Manufacturing activity in the euro area slowed by the most since April 2020 during the preceding month, as supply issues continued to wreak havoc, the results of a closely-followed survey revealed.
Euro area CPI edges past forecasts in September
The cost of living in the euro area edged past forecasts last month amid a jump in the prices of industrial goods and energy.