International Economic
Eurozone GDP growth better than originally estimated in Q1
Eurozone GDP grew faster than initially estimated in the first quarter, while employment growth for April was also revised up, according to figures released by Eurostat on Wednesday.
German industrial production rises less than expected
German industrial production rose less than expected in April, according to figures released on Wednesday by Destatis.
World Bank slashes global growth forecast
The World Bank cut its global growth forecast on Tuesday as it said the Ukraine conflict had compounded damage from the Covid-19 pandemic and warned over the risks of stagflation.
US foreign trade deficit collapses in April as exports jump
America's shortfall on trade with the rest of the world registered an outsized drop in April and some economists believed that it was set to stop being a drag on economic growth over the remainder of 2022.
Bitcoin and cryptos fall, weighed down by Binance token
Tuesday marks another down day for the cryptocurrency market, reaffirming the theory of most analysts that the rallies of the last few days and the first green weekly candle for Bitcoin in 10 weeks was nothing more than a bullish rally in a bear market that is here to stay. The decline is 5% on average, with Bitcoin again succumbing to the selling pressure that is unleashed at every attempt to reach $32,000 and Ethereum, back to the vicinity of support at $1,700 (-7%).
Eurozone construction activity falls for first time in nine months
Eurozone construction activity fell in May for the first time in nine months, moving into contractionary territory amid supply chain issues and rising prices, according to a survey released on Tuesday.
Reserve Bank of Australia delivers larger than expected rate hike
Rate-setters in Australia surprised many participants in financial markets with a larger-than-expected interest rate hike in response to a "significant" rise in inflation.
German factory orders unexpectedly fall in April
German factory orders unexpectedly fell in April amid supply chain issues, according to figures released on Tuesday by Destatis.
Bitcoin´s price posts first green candle in 10 weeks, but watch out for further declines
Bitcoin´s price managed to close a volatile week in the green on Sunday, with a gain of around 2%, snapping a losing streak of nine consecutive weekly candlesticks in the red. The digital asset par excellence is back above $30,000, up to $31,400 at the time of writing this (+5. 6% in 24 hours), with a total capitalization of nearly $600 billion. The rest of the market is advancing as well, with Ethereum almost at $1,900 and most tokens in the green. Total capitalization stands at nearly $1.
China's Caixin services PMI picks up in May but remains in contraction
Activity in China’s services sector picked up in May but remained in contractionary territory as Covid restrictions weighed, according to data released on Monday.
US initial unemployment claims fall, payroll growth slows in May
The number of Americans filing first-time unemployment claims fell again last week, according to the Labor Department, beating market expectations for a reading of 210,000.
Bitcoin hints that "darkest night of 'cryptowinter' is over"
Bitcoin´s price flirted with the $32,000 level over the past few days, in what was a bull run for the queen of cryptocurrencies that helped it catch up with the stock market 'rally'. The fact that the coupling with equity markets has finally worked again "has given traders hope that the dark night of the 'cryptowinter' may be over," commented Naeem Aslam, head of analysis at Avatrade. However, "it is quite possible that this is nothing more than a 'dead cat bounce' unless the price respects the recent low formed by Bitcoin´s price," he added.
Voluntary separations in US jobs market steady in April, JOLTS survey shows
The US labour market softened only a tad in April with workers still quitting their jobs at a fast pace, according to the results of a closely-followed survey.
US factory activity surprises to the upside in May, ISM survey shows
Manufacturing activity in the States defied expectations for a slight slowdown in May, the results of perhaps the most closely-followed survey for the sector showed.
US factory activity slowed for a fourth month running in May, S&P Global says
Factory sector activity growth in the US slowed further for a fourth consecutive month in May amid supply-chain delays, labour shortages and slower demand growth, the results of a closely-followed survey revealed.
German retail sales tumble much further than expected
German retail sales plunged far beyond expectations in May, according to data released on Wednesday morning, as rising consumer prices and lockdowns in China took their toll.
Bitcoin catches up with stock market rally, but it's not a trend reversal
Bitcoin once again left new highs since before the collapse of Terra on Tuesday, above $32,000, a key resistance level for the digital asset and, more importantly, closed May on a bullish note above $31,500, according to data from CoinMarketCap. However, experts warned that this behavior means nothing other than that the digital asset par excellence and, therefore, the entire market is catching up with the rally that the stock markets have been experiencing for several weeks.
Eurozone manufacturing growth slows to 18-month low
Eurozone manufacturing growth fell to an 18-month low in May, with orders down for the first time in nearly two years amid inflationary pressures.
China's Caixin manufacturing PMI rises in May
China's Caixin general manufacturing purchasing managers index increased to 49. 1 in May, up from April's 26-month low of 46. 0 to beating market forecasts of 48. 0.