International Economic
German investor sentiment deteriorates less than expected - ZEW
German investor sentiment deteriorated a little less than expected in April, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
China inflation hits three-month high in March
Inflation in China hit a three-month high in March amid supply chain issues and Covid lockdowns, and following Russia’s invasion of Ukraine, according to data released on Monday by the National Bureau of Statistics.
BofA calls into question Stoxx 600's resilience
Equity strategists at Bank of America called into question European stocks' rally from the selling that ensued after Russia invaded Ukraine.
Bitcoin dips below $45,000 and points to further declines amid Fed minutes and global uncertainty
Blame it on the Fed. The cryptocurrency market is trying to stabilize on Friday after extending its recent declines in the wake of the US Federal Reserve minutes. Bitcoin gave up an important support level on Wednesday and closed Thursday below $43,000, which portends more pressure for the queen of digital assets. As for the 'altcoins', they turned green on Friday and most tokens cut earlier losses, especially Dogecoin, which is up 2. 5%. Ethereum, meanwhile, rebounds to $3,300.
US jobs market much tighter than previously thought, claims data reveals
The US labour market was far tighter than previously thought, the weekly jobless claims data revealed.
Time is not on the BoE's side, Berenberg says
Bank has its work cut out for it in trying to bring inflation to heel while not tipping the economy into recession, argue economists at Berenberg.
Eurozone retail sales disappoint in February
Eurozone retail sales rose less than expected in February, according to figures released on Thursday by Eurostat.
EU delays Russia coal ban under German pressure - report
The European Union will delay implementing a ban on Russian coal until mid-August because of pressure from Germany, according to a report.
BoA raises 2022-23 UK CPI forecasts, expects four hikes in Bank Rate
Economists at Bank of America raised their short-term inflation forecasts for the UK, predicting that Bank would hike short-term interest rates four more times as it tried to navigate both the risk of a recession and of too-high inflation.
Polish central bank raises rates by greater-than-expected 100 bp
Rate-setters in Warsaw hiked short-term rates by a greater-than-expected 100 basis points following inflation readings that came in an at a more than two decade high.
French minister says EU sanctions on Russian oil and gas required 'sooner or later'
President of the European Council Charles Michel stated on Wednesday that sanctions against Russian oil and gas would be required "sooner or later", as the EU continues to lean towards completely banning energy purchases from Moscow.
Bitcoin falls on Fed's promises of higher interest rates
Cryptocurrencies wavered on Tuesday and Wednesday due to recent statements by several members of the US Federal Reserve (Fed), that reinforced the conviction of the markets that the plans for rate hikes are relentless for the world's most powerful central bank. Bitcoin, which was picking up steam to try again with the $48,000 resistance, ended up closing with drops of 3%, down to $45,500, a price it is eroding right now, according to data from 'CoinMarketCap'.
German factory orders decline in February
German factory orders fell in February for the first time in four months, dragged lower by a drop in foreign orders, according to figures released on Wednesday by Destatis.
US foreign trade deficit edges past forecasts in February
America's shortfall on trade with the rest of the world edged past forecasts in February.
Brussels tables ban on imports of Russian coal in response to alleged war crimes in Ukraine
Lawmakers in Brussels proposed a raft of new sanctions against Moscow in response to accusations of war crimes by its forces in Ukraine.
US services activity picks up as Omicron headwinds ease
Services sector activity in the US strengthened last month despite widespread reports of rising prices and supply disruptions, as the headwinds from Covid-19 eased, the results of a closely-followed survey revealed.
EU plans phase-out of Russian coal imports - report
The EU is planning a mandatory phase-out of coal imports from Russia in response to reports about Russian atrocities in Ukraine, according to a report.
Dogecoin leads cryptocurrencies rally after Musk's 9% Twitter buyout
Dogecoin (DOGE), Elon Musk's favorite cryptocurrency, gained a boost that pushed it to a nearly two-month high after the Tesla founder bought a 9. 2% stake in Twitter (a $2. 8 billion stake) according to a U. S. Securities and Exchange Commission (SEC) filing released Monday, making him the company's largest shareholder.
Bitcoin´s consolidation above $46,000 is an optimistic note for the market, experts stated
Bitcoin takes a breather on Monday after a rally that began on Sunday, capping what has been a quiet weekend for the cryptocurrency market, with total capitalization above $2. 15 trillion and mixed signals for most tokens, ranging between moderate rises and falls. The largest cryptocurrency by market capitalization soared above $47,300 on April 3rd, a 2. 6% gain, but has deflated since then, despite holding at $46,000.
German trade picks up; impact of Ukraine conflict yet to be felt
German imports and exports rose more than expected in February, but the impact of the Ukraine conflict is yet to be felt, according to data released by Destatis on Monday.