International Economic
UK retail sales strong in November but cost pressures a concern - CBI
UK retail sales were at their strongest level for this time of year in November, according to the latest survey from the Confederation of British Industry.
Investors expect more volatility and less volume on oversold Bitcoin
Cryptocurrencies have maintained their positions in recent days, with little movement in the prices of the main cryptoassets by market capitalization. Meanwhile, analysts warn that volatility may rise and volume may fall due to the Thanksgiving holiday in the US and the close of the month of November. Bitcoin is trading in a price range that holds $55,500 as support, while rallies remain limited to $60,000. However, experts warn that drops to $53,000 are still possible.
US Q3 GDP revised a tad higher
America's economy expanded at a slightly quicker pace than previously estimated during the third quarter.
US consumer confidence edges past forecasts in October
Consumer confidence in the US edged past forecasts last month but Americans were the least upbeat about their personal finances and the overall economy than at any other time over the preceding decade.
Personal income and spending rise more quickly than expected in October
Americans continued splashing out briskly last month with price gains continuing to accelerate alongside.
US foreign trade deficit falls sharply in October
America's shortfall on trade with the rest of the world dropped sharply last month amid a jump in exports.
US durable goods orders miss forecasts in October, but underlying figures 'strong'
Orders for goods made to last more than three year undershot forecasts last month amid a decline in orders for airplanes, both civilian and military.
US initial jobless claims fall to level not seen since 1969
Initial jobless claims dive-bombed in the week ended 20 November, according to the Labor Department, hitting a level not seen in more than half a century.
US mortgage applications grow despite rise in mortgage rates
US mortgage applications grew 1. 8% in the week ended 19 November, following a 2. 8% fall in the previous week.
Bitcoin's daily lows continue to drain gains, but $55,500 holds
Bitcoin maintains its consolidative tone it´s had during this week on Wednesday, after last week's sharp volatility and correction of around 19% from recent highs at $69,000. The short-term range that the cryptocurrency queen has embarked on, keeps the $55,500 support intact, despite the daily lows of the past two sessions still trickling lower, according to 'CoinMarketCap'.
German business confidence deteriorates in November - Ifo
German business sentiment deteriorated in November amid supply bottlenecks and rising Covid cases, according to a survey released on Wednesday by the Ifo Institute.
Turkish lira still in freefall
Turkey´s lira went into freefall on Tuesday after the country´s President said the country was fighting an "economic war of independence".
US services sector activity dips unexpectedly in November
Business activity in the US slowed unexpectedly in November due to softness in services and with prices continuing to rise at a rapid pace, the results of a closely-followed survey revealed.
US to release 50m barrels from oil reserves in 'coordinated' effort
The Biden administration was preparing to release 50 million barrels of crude oil, it announced on Tuesday, in a first-time coordinated effort between countries to push gasoline prices lower.
Eurozone business activity unexpectedly jumps but outlook darkens
Business activity across the Eurozone unexpectedly strengthened in November, a closely-watched survey showed on Tuesday, but record inflationary pressures and surging Covid-19 cases weighed on the outlook.
Bitcoin lowers slightly as experts eye $49,000
Bitcoin maintains its bearish tone on Tuesday, after the Nov. 22nd session stretched its recent lows to the vicinity of $55,500, according to CoinMarketCap. Following news that Jerome Powell will renew his term at the head of the Federal Reserve for another four years, with Governor Lael Brainard as vice chair, experts believe the central bank will keep the stimulus of tapering, which has again boosted the dollar and punished digital assets.
Trial results show 100% efficacy of Pfizer-BioNTech Covid-19 vaccine in people ages 12 to 15
Full results from the clinical trial evaluating the efficacy and safety of the vaccine against Covid-19 developed by Pfizer and BioNTech in adolescents showed that it was 100% effective with no serious safety concerns.
US existing home sales grow in October
US existing home sales rose unexpectedly in October to their highest level since the beginning of 2021, indicating healthy demand was still present as a heightened level of buyers looked to take advantage of strong job growth and low mortgage rates.
Biden picks Jerome Powell for second term as Fed chair
US President Joe Biden has picked Jerome Powell to lead the Federal Reserve for a second four-year term.
German economic recovery facing 'brief pause' - Bundesbank
Germany’s economic recovery is likely to falter in the coming months, the country’s central bank said on Monday, hit by shortages of goods and labour as well as rising Covid-19 cases.