International Economic
Euro remains under pressure as Covid cases rise
The euro remained under pressure on Monday as Covid cases continued to surge across the continent.
Rouble weakens as US intel shows plans for potential Ukraine invasion
The rouble was under pressure again at the start of the week following reports detailing Russian troop and artillery movements which some fear could presage a large-scale push into Ukraine.
Bitcoin settles below $60,000; $56,500 is the short-term market floor
Bitcoin settled below $60,000 after its recent falls, during a weekend in which the price drew a new range, between this resistance level and $56,500 as a short-term market floor, despite a one-month low at $55,700 on November 19th. Investors are preparing for a week of lower volume in the trading markets, due to the Thanksgiving holiday in the US. They are also closely watching the impact of inflation on consumers' purchasing power and the election of the Federal Reserve (Fed) chairman.
Economists bring forward date of first Fed interest rate hike to late 2022 - Poll
Economists revised their forecasts for interest rate hikes in the US during the month of October, bringing them more in line with market pricing, the results of a survey revealed.
Japan unveils 56trn yen stimulus package
Japan’s Prime Minister Fumio Kishida unveiled a 56 trillion yen stimulus package on Friday to help the economy to recover from the impact of the pandemic.
Bitcoin's correction to one-month lows may alarm, but it's 'no big deal'
Bitcoin declined for six consecutive days on Friday - its longest losing streak since May - when it fell to nearly $56,000 for the first time since October, and lost about 6%. Experts warn that the bears seem eager to extend the correction of the world's largest cryptocurrency from its all-time highs at $69,000 on 10 November. Ethereum and other 'altcoins' have not been spared the sell-off, with the second-largest cryptoasset by market capitalization seeing its pullback extend below $4,000 on Thursday, while in other tokens the decline has been up to 15%.
German producer prices climb at fastest clip since 1951 on commodity price gains
Producer price gains in the euro area's largest economy clocked in at their fastest pace in over seven decades last month, as commodity prices continued climbing higher.
US economy 'roaring back' but pandemic 'still very much' front and centre
The US economy was "roaring" back but the pandemic remained very much front and centre, a top Federal Reserve official said.
US initial jobless claims relatively flat in week ended 13 November
Initial jobless claims remained relatively stable in the week ended 13 November, according to the Labor Department, potentially signalling that the elevated level of layoffs seen during the Covid-19 pandemic may have plateaued.
New UK Covid variant may be less likely to cause symptoms, study shows
The fast-spreading variant of Covid-19 recently detected in the UK may be less likely to cause symptoms, the results of new research showed.
Sharp upside surprise in November Philly Fed index
Manufacturing activity in the US mid-Atlantic region accelerated sharply in November, the results of a closely-followed index showed.
New passenger car registrations slump 30.3% across EU in October
New passenger car registrations fell 30. 3% year-on-year across the European Union in October for a fourth consecutive monthly decline.
"As long as $58.000 holds, it's just some profit taking for Bitcoin"
Bitcoin and other major 'altcoins', maintain their short-term bearish outlook on Thursday, following declines of up to 15% from recent highs at $69,000. These events led the queen of cryptocurrencies to trade at $58,500 on Tuesday. Following this correction, considered "healthy" by many analysts, the cryptoasset has consolidated around $60,000, moving in a tight range below $61,000 and the recent lows.
US housing starts unexpectedly drop in October
US housing starts unexpectedly fell in October, according to figures released on Wednesday by the Commerce Department.
US mortgage applications fall amid rising interest rates
The Mortgage Bankers Association revealed on Wednesday that total mortgage application volume fell 2. 8% week-on-week in the US as rising mortgage interest rates continued to take their toll on demand.
Eurozone inflation hits 13-year high
Eurozone inflation rose to a 13-year high as expected in October as rising energy prices hit household budgets.
Bitcoin: Buy the dip opportunity or end of the rally in 2021?
The cryptocurrency market´s behaviour on Tuesday, with a correction that led the price to fall more than 10%, has provoked different reactions among investors and analysts. While some have jumped into buying, among them the Bitcoin whales, and proclaim the "healthy" correction as an opportunity to enter the market, others have gone so far as to predict the end of the rally and even mention 'crypto winter'.
US business inventories increase 0.7% in September
US business inventories increased 0. 7% month-on-month to $2. 10trn in September, according to the Census Bureau, down just a touch from August's revised print of 0. 8%.
US industrial production rebounds in October
US industrial production rebounded in October, up 1. 6% month-on-month following a 1. 3% drop in September.
US homebuilder sentiment improves in November
Sentiment among US housebuilders unexpectedly improved in November amid strong demand, according to figures released on Tuesday.