International Economic
Numerous bearish predictions for Bitcoin´s price: $28,000, $25,000, $20,000...
The recent behavior of the cryptocurrency market, which has been dragged down by the wave of sales in risky securities, is keeping investors on edge, as the mass flight of investors from these assets is taking its toll on digital tokens where $400 billion has evaporated in less than a week. So much so, that Bitcoin and many of the 'altcoins' have already marked new annual lows in the days that have elapsed in May, while the total value has plummeted below $1. 5 trillion.
Fed's Bostic makes case for sticking with 50bp interest rate hikes, then pause
A top US central bank official defended the Federal Reserve's recent decision to raise official short-term interest rates by 50 basis points instead of acting even more forcefully.
Eurozone investor confidence plummets - Sentix
Investor confidence has slumped in the Eurozone, a closely-watched survey showed on Monday, as the war in Ukraine pushed the region towards recession.
Frozen Russian reserves could be used to rebuild Ukraine - EU's Borrell
Russia’s foreign exchange reserves could be seized to help with the cost of rebuilding Ukraine, the European Union foreign policy chief has argued in an interview.
Bitcoin extends its losses and threatens yearly lows as its price targets $32,000
The cryptocurrency market extended its bearish tone over the weekend and all tokens continued to experience sales to the point that the market capitalization fell to $1. 54 trillion, the lowest seen since January 24th. The risk aversion that has plagued the main financial markets has hit cryptocurrencies hard, with Ethereum, Cardano, Solanna and Avalanche leading the falls on Monday. Bitcoin, meanwhile, is threatening yearly lows at $33,000.
Chinese trade weakens in April amid Covid-19 curbs
Chinese trade weakened last month after Shanghai and other major industrial cities were shut down in order to fight a resurgent coronavirus, with export growth tumbling to its lowest level in almost two years.
US non-farm payrolls rise a bit faster than expected in April
Hiring in the US continued growing at a steady pace last month.
Bitcoin´s falls open the door to declines towards yearly lows at $33,000
The sell-off that plagued the major financial markets and left all three Wall Street indixes plummeting, with the Nasdaq taking the brunt and giving up 5% on Thursday, has not left Bitcoin and cryptocurrencies indifferent, since a major descent has been unleashed, with more than $100 billion wiped out in one fell swoop. Total capitalization is now at $1. 66 trillion, down from $1. 77 at Thursday's European open and far from the $1. 8 / $1. 85 trillion mark where the market was consolidating during April.
German industrial production falls more than expected in March
German industrial production fell more than expected in March amid supply chain issues, according to figures released on Friday by Destatis.
Sector movers: Commodities outperform despite US dollar strength
Oil&Gas topped the leaderboard again on Thursday despite it being of a rollercoaster day for crude oil futures, the latter in part due to US dollar strength.
US initial jobless claims increase by 19,0000
New unemployment claims rose to 200,000 in the seven days ended 30 April, according to the Department of Labor, up from a revised print of 181,000 in the previous week for the highest reading since mid-February.
China services activity suffers second-biggest drop on record
Activity in China’s services sector suffered its second-largest drop on record in April amid tightening Covid restrictions, according to figures released on Thursday.
German factory orders slump in March
German factory orders fell more than expected in March as foreign orders slid, with the war in Ukraine taking its toll, according to figures released on Thursday by Destatis.
Bitcoin and cryptos rally in relief after Fed´s less hawkish stance
Sell the rumor, buy the news. The cryptocurrency market is tinged green on Thursday, leaving rises of between 5% and 10% in 24 hours, after the US Federal Reserve (Fed) announced that its pace of rate hikes and monetary tightening will remain within the parameters discounted by the market. After the central bank ruled out the possibility of rate hikes greater than 0. 5% and guidance to markets did not use such 'hawkish' language as some anticipated, buying has come in on Wall Street and cryptoassets, so hand-in-hand in recent months.
Fed tightens a bit more than expected but balks at faster rate hikes
The Federal Reserve followed through on its recently accelerated timeline for tightening policy but indicated that even faster rate hikes were unlikely.
US services sector activity slips in Aoril amid supply chain issues, labour shortages
Activity in America's services sector cooled a tad last month, contrary to market expectations, the results of a closely-followed survey revealed.
Pope trying to arrange person-in-person meeting with Russian President
News surfaced on Tuesday of the Roman Catholic Pope's efforts to try to convince the Kremlin to end the fighting in Ukraine, but to no avail as of yet.
US foreign trade deficit soars in March
America's shortfall on trade with the rest of the world ballooned at the end of the first quarter amid a surge in purchases from overseas.
US private sector adds fewer jobs than expected in April
Private sector employment in the US rose less than expected in April, according to the latest data from ADP.
Eurozone retail sales fall in March
Eurozone retail sales softened in March, official data showed on Wednesday, missing forecasts.