International Economic
October US retail sales beat expectations
US retail sales grew at a quicker than expected pace last month, driven by an early start to holiday shopping.
Reprieve to oil price rally on horizon - IEA
The International Energy Agency has predicted soaring oil prices could start to ease as the US ramps up production.
Germany suspends approval for Russia's Ukraine-dodging pipeline
Germany suspended its approval for a contentious gas pipeline from Russia on Tuesday, potentially upping the stakes in ongoing geopolitical energy tensions across the European continent.
Eurozone economy grows in line with forecasts
The Eurozone economy continued to grow in the third quarter, official data confirmed on Tuesday, although at a notably slower pace than previously seen.
Bitcoin and cryptos fall due to Taproot and Biden's infrastructure bill
Bitcoin moves away from its November 10th, all-time high on Tuesday, as it loses ground below $61,000, weighed down by several factors. The market has been affected by the dampening of investor enthusiasm around the Taproot upgrade of the Bitcoin blockchain, the demands on US brokers in US President Joe Biden's new infrastructure bill and statements by Twitter's CFO. Therefore, the market leaves drops of 8% on average.
Business activity in New York grows strongly in November survey
Business activity grew strongly across New York, according to the latest Empire State manufacturing survey, with the headline index climbing double digits.
China's manufacturing output, retail sales strengthen
Industrial output and retail sales unexpectedly strengthened in China last month, official data showed on Monday, but weakness in the property sector continued to weigh on the wider economy.
US consumer sentiment falls to 10-year low amid inflation woes
US consumer sentiment unexpectedly deteriorated in November amid growing worries about inflation, according to a preliminary reading from the University of Michigan.
US job openings little changed in September
The number of job openings was little changed on the last business day of September, according to the Bureau of Labor Statistics, with hires and total separations broadly flat at 6. 5m and 6. 2m, respectively.
Euro area industrial production dips as expected, but energy crunch 'clear risk'
Industrial production in the single currency area dipped in September, dragged down by a drop in the output of capital goods, a key ingredient of long-term growth.
EC hikes economic growth forecast to 5pc for 2021
The European Union hiked its expectations for economic growth on Thursday, saying it now expected the common currency area’s economy to expand by 5% this year, up from a previous 4. 8%.
Bitcoin aims for $70,000 and beyond, boosted by its role as an inflation hedge
Bitcoin renewed its all-time highs on November 10th, undoubtedly driven by US inflation data. The queen of cryptocurrencies reached $69,000 and pulled the entire market during a day with high volatility, with rises also for Ethereum, which touched $4,860. However, a modest correction is imposed on Thursday and the total capitalization of cryptoassets hovers around $2. 82 trillion. Experts warn that the role as a hedge against inflation that Bitcoin plays, will drive purchases in the short term.
Initial jobless claims fall to yet another fresh pandemic-era low
Initial jobless claims hit another fresh pandemic-era low on Wednesday, with labour shortages and efforts to hire and retain staff putting a cap on the rate of firings and separations across the US.
US CPI jumps past forecasts in October with 'more to come'
The cost of living in the US rose more quickly than expected in October on the back of further spikes in energy and food prices.
Bitcoin and other cryptocurrencies retreat due to Tesla, Cook and Apple
The rises in the cryptocurrency market on November 9th, when Bitcoin, Ethereum and other altcoins staged a spectacular rally and set new records, have given way to a rapid retreat that continues on Wednesday. Bitcoin's new all-time highs have been short-lived, as market sentiment becomes extremely sensitive to any news that could shake its price.
China factory gate prices hit 26-year high in October
China’s factory gate prices surged to a 26-year high in October amid a power crisis, according to figures released on Wednesday by the National Bureau of Statistics.
Core producer prices in the US rise a tad less quickly than expected in October
Wholesale prices in the US rose a tad less quickly than expected last month and price pressures were easing in some chapters "at the margin", some economists said.
Investor morale jumps in Germany despite price pressures
Investor confidence in Germany has surged, a closely-watched survey showed on Tuesday, beating expectations.
US small business optimism drops to seven month low
US small business sentiment declined in October as business owners' feelings on future economic conditions slumped due to ongoing supply-chain and hiring woes.
Upbeat outlook boosts confidence among Eurozone investors
Investor sentiment has strengthened in the Eurozone, a widely-respected survey showed on Monday, beating expectations.