International Economic
US non-farm payrolls beat forecasts in October
US jobs growth and unemployment numbers for October both came in a bit better-than-expected, alongside big revisions to prior month´s data.
Pfizer oral treatment against Covid-19 show 89% efficacy in preventing hospitalisations
Pfizer's new oral treatment against Covid-19 was found to significantly reduce the risk of hospitalisation or death.
Bitcoin continues to consolidate at $60,000; this indicator sends bullish signals
Bitcoin has traded in a narrow trading range during the first week of November, when any attempt to rise was stopped at around $64,000, while $60,000 proved to be a formidable support. Nonetheless, the cryptocurrency that truly steals the show, is Ethereum. The crypto number two set new all-time highs on November 4 at 4,664, while other altcoins also made notable gains.
German industrial production unexpectedly drops in September
German industrial production unexpectedly fell in September amid supply chain shortages, according to figures released on Friday by Destatis.
US foreign trade deficit yawns wider in September
America's shortfall on trade with the rest of the world ballooned in September amid a sharp drop in overseas sales.
US non-farm labour productivity posts largest drop since 1981
Labour productivity in the US dropped much more sharply than was expected during the third quarter, registering its largest decline since 1981.
US jobless claims decline more than expected
The number of Americans filing for unemployment benefits fell more than expected last week, according to figures released on Thursday by the Labor Department.
Eurozone growth slows to a six-month low
Economic growth in the Eurozone hit a six-month low in October, a widely-watched survey showed on Thursday, as supply issues and rising Covid-19 cases hampered the recovery.
Order growth at German factories undershoots forecasts in September
Order growth in German factories undershot economists' forecasts in September, despite solid readings for auto and capital goods orders.
Bitcoin suffers from Fed 'tapering'; holds $60,000
The US Federal Reserve (Fed) will begin reducing its massive purchase program to alleviate the effects of the pandemic, as the market has confirmed. This caused falls in Bitcoin and altcoins, but they seem to have recovered on Thursday. The queen of cryptocurrencies gave up 5% after the announcement that it will reduce its purchases by $15 billion a month, which until now amounted to $120 billion, but is holding comfortably above $60,000.
US services expand at a record pace in October, ISM says
Activity in America's services sector expanded at a record pace last month even as businesses ran into capacity constraints at an increased pace, the results of a closely-followed survey revealed.
Eurozone unemployment edges lower
Unemployment edged lower across the Eurozone in September, official data showed on Wednesday.
US private sector adds more jobs than expected in October
Private sector employment in the US grew more than expected in October, according to the latest data from the ADP.
Ethereum trades at record high and aims for $5.000; Bitcoin remains positive
The cryptocurrency market is extending its recent rally during the early stages of November. Meanwhile, Ethereum remains in focus over the rest of the altcoins and Bitcoin, which is noteworthy. The second 'crypto' by market capitalization continues in the range of historical highs around $4,500 on Wednesday, after touching $4,600 on Tuesday. Analysts are targeting $5,000 now, a price level that the consensus expects it to reach before the end of the year, while for Bitcoin the focus remains on $70,000.
Supply issues hinder Eurozone manufacturing
Eurozone manufacturing struggled last month, industry data showed on Tuesday, as supply constraints weighed heavily on the sector.
Bitcoin rises, but Ethereum sets new record highs and steals the show
Bitcoin maintains its range-bound trading of the past few days, and traded above $60,000 on Monday and Tuesday, reaching the vicinity of $63,000, a psychological price level that seems to be becoming a short-term support. While upside for the crypto queen is limited to this area, some analysts expect a slight pullback ahead of a seasonally strong period for cryptocurrency prices.
Citi sees room for upside surprise on sales at Hikma Pharmaceuticals
Analysts at Citi reiterated their 'buy' stance for shares of Hikma Pharmaceuticals ahead of the company's trading statement due out later in the same week.
US manufacturing struggling against supply-chain headwinds in October
US manufacturing sector activity continued to grow at a brisk pace last month, the results of a closely-followed survey revealed.
Bank of America revises near-term oil price forecasts higher
Bank of America's US oil equity analysts have revised their near-term crude oil price forecasts higher and believe that there is a case to be made that oil could trade in a $70-100 a barrel range for an extended period.
German retail sales fall sharply
Retail sales in Germany fell sharply last month, official data showed on Monday, missing analyst forecasts.