International Economic
OPEC+ rubber stamps crude oil output quota increase for August
The world's largest grouping of crude oil exporting countries went ahead with plans to raise its permitted output ceiling, as expected.
US Chicago PMI falls more quickly than expected in June
Manufacturing activity in the Chicago area slowed more sharply than anticipated in June, plumbing a near two-year low.
Personal spending in US for May comes in below forecasts
Personal incomes in the US continued to grow steadily last month, but spending came in lower than expected.
US initial jobless claims slightly decrease
US first-time jobless claims decreased slightly in the week ended 25 June, pointing to tight labour market conditions.
Bitcoin ends June below $20,000 and at risk of further short term declines
Bitcoin closes the month of June today, and does so below the $20,000 level (-4%, $19,279). Sentiment in the cryptocurrency market has been badly damaged by the collapse of the TerraUSD stablecoin, which has clearly dented confidence in the crypto ecosystem in general.
China's services, manufacturing activity rebounds in June
Activity in China’s manufacturing and services sectors rebounded in June as Covid restrictions were eased in Shanghai, according to figures released on Thursday by the National Bureau of Statistics.
Powell says US economy in 'strong shape', validates expectations for Fed rate hikes
Federal Reserve chairman Jerome Powell believed his country's economy was in "strong shape" and that inflation could be brought back to target without undermining the solid jobs market.
US Q1 GDP growth revised a tad lower on slower consumption growth
The American economy shrank at a slightly faster than expected clip over the three months to March, as consumption slowed more than previously thought.
Eurozone sentiment falls in June
Sentiment across the Eurozone faltered in June, a closely-watched survey showed on Wednesday, as concerns about the economic outlook weighed heavily.
German CPI surprises to the downside thanks to government measures
Consumer price inflation in the euro area's largest economy surprised to the downside in June, but some economists expected the relief to be short-lived.
FTX CEO denies rumors of possible Robinhood takeover
The CEO of cryptocurrency exchange platform FTX, Sam Bankman-Fried, denied the rumor generated by information published by Bloomberg mentioning that the company is looking for opportunities to buy the popular Robinhood platform. He expressed that the company is not looking for any active merger or acquisition with the trading app.
Downside surprise now expected for German CPI in June thanks to one-off government measures
The cost of living in Germany is expected to surprise to the downside in May, but only because of government measures meant to dampen rising inflation.
Spanish CPI jumps past economists' forecasts in June
The cost of living in Spain grew at its fastest clip since the middle of 1985 in June, stoked by fuel prices and those for food and non-alcoholic beverages.
Euro area money supply growth data for May are a 'red alert', economist says
Lending to companies in the euro area picked up heartily last month, but for some economists the ongoing decline in so-called 'narrow money' was a "red flag" heralding a big drop in loans to the private sector over the next six to nine months.
ECB set to tighten gradually while keeping options open, Lagarde says
The European Central Bank will start raising interest rates gradually when the governing council met during the following month, Christine Lagarde said.
US house price gains edge past forecasts in April
US house price gains edged past forecasts in April, the results of a closely-followed survey showed.
US consumer expectations fall to lowest since March 2013
American consumers' confidence soured in June as expectations for their personal finances, business and jobs plumbed fell to their lowest levels in nearly a decade, the results of a closely-followed survey revealed.
US deficit in trade on goods narrows by less than expected in May
America's shortfall on trade in goods with the rest of the world narrowed by less than anticipated last month.
Elon Musk explains his reasons for backing Dogecoin and what his plans are
Elon Musk decided to start supporting Dogecoin (DOGE) after being asked about it by "not-so-rich people", after stating this in an interview with 'Bloomberg 'at the Qatar Economic Forum. According to Musk, he himself has "never said you have to invest in cryptocurrencies," and his personal investments are negligible. But when it comes to Dogecoin, Musk stated he intends to continue to support the cryptocurrency meme.
US pending home sales rise 0.7% in May
US pending home sales increased 0. 7% month-on-month in May, according to the National Association of Realtors, breaking a six-month spell of declines.